Is gold available on Binance?

Who created Paxos Gold? Founded in 2012 by Charles Cascarilla and Rich Teo , Paxos is a startup specializing in the building of infrastructure for the exchange of cryptocurrency. In 2018, Paxos released Paxos Standard (PAX), a crypto asset backed 1:1 with a reserve of U.S. dollars stored by Paxos in U.S. bank accounts.

Even though the price of gold can be volatile in the short term, historically it has always maintained its value over the long term. For this reason, many investors use it as a hedge against inflation, making it an investment worth considering .

Pax Gold (PAXG) is a gold-backed cryptocurrency , launched by the creators of Paxos Standard (PAX) in September 2019. As an ERC-20 token operating on the Ethereum blockchain, Pax Gold is tradeable on a large variety of exchanges and has become an accessible way for traders to start investing in gold.

Paxos is a trust company and custodian that is heavily regulated by the New York State Department of Financial Services. The PAX Gold token is also fully backed by allocated physical gold that is held in one of the most secure vaults worldwide. The supply of PAX Gold and underlying gold is audited every month.