Binance Lists Paxos Gold (PAXG) Stablecoin For Trading Against BUSD, BNB, BTC

2020-8-27 20:51

Binance, one of the leading crypto exchanges in the world, has decided to list gold-backed cryptocurrency by Paxos called Paxos Gold (PAXG). The gold-backed token will be listed against three other digital assets, including the exchange's native stablecoin called BUSD, the native token Binance Coin, and Bitcoin.

Rich Teo, Paxos co-founder, and CEO Asia believe the listing on Binance would offer traders exposure to real regulated gold. He said:

“PAX Gold will offer [its] users an easy and safe opportunity to gain exposure to real, regulated gold.”

Paxos is a New-York based exchange that launched its gold-backed token Paxos Gold last September and is built on top of the Ethereum blockchain. Each PAXG token represents an ounce of the physical gold currently stored in the Brink's London vault. Traders can buy as little as $1 worth of gold.

The listing of PAXG token on Binance came just weeks after Gold prices soared to all-time-highs amid global economic uncertainty. Gold has been a haven asset for centuries, and despite Bitcoin maximalists trying to prove Bitcoin is a better alternative, a majority of the population still sees gold as the true safe-haven asset Paxos Gold token has also been cleared for listing by the New York Department of Financial Services (NYDFS).

Apart from the approval from the NYDFS, CF Benchmarks has also launched a price index against the US Dollar, which would be real-time and offer daily settlement and spot rate, which would be updated every second.

Changpeng Zhao, CEO of Binance, also commented on their decision to add Paxos Gold and noted the importance of gold as an asset class. He said:

“Gold is an asset that has had enduring value from generation to generation. With PAX Gold now on Binance, investors can easily get and trade gold with the click of a button.”

The post Binance Lists Paxos Gold (PAXG) Stablecoin For Trading Against BUSD, BNB, BTC first appeared on BitcoinExchangeGuide.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 22.24 (-100%)

binance paxos busd native against token gold

Источник: bitcoinexchangeguide.com

binance paxos → Результатов: 67


Binance и Paxos упростили обмен стейблкоинов на фиат

Крупнейшая криптобиржа по объему торгов Binance и трастовая цифровая компания Paxos интегрировали новый шлюз для фиатных депозитов на основной торговой платформе биржи.

2019-6-28 15:53


Обзор курса Биткойна BTC/USD 28.09.2018

Добрый вечер, друзья! Давайте коротко пробежимся по событиям на сегодня: — В игру вступает новый стейблкоин (аналог Tether-USDT). Глава крупнейшей криптовалютной биржи Binance, Чанпен Чжао, заявил, что листинг стейблкоина Paxos Standard станет эффективной альтернативой Tether, а торги в паре PAX/BNB откроются уже завтра.

2018-9-28 21:36


CEO Binance призвал обратить внимание на стейблкоин PAX

Глава крупнейшей криптовалютной биржи Binance Чанпен Чжао уверен, что листинг стейблкоина Paxos Standard (PAX) станет эффективной альтернативой Tether (USDT). CEO Binance призвал ознакомиться с особенностями коина PAX перед принятием решения о приобретении, добавив, что монета придется по душе всем, кто «недоволен недостаточным аудитом USDT».

2018-9-28 14:44


CEO Binance: недовольны USDT – работайте со стейблкоином PAX

Глава крупнейшей криптовалютной биржи Binance Чанпен Чжао уверен, что листинг стейблкоина Paxos Standard (PAX) станет эффективной альтернативой Tether (USDT). CEO Binance призвал ознакомиться с особенностями коина PAX перед принятием решения о приобретении, добавив, что монета придется по душе всем, кто «недоволен недостаточным аудитом USDT».

2018-9-28 10:55


Биткоин-биржа HitBTC добавила поддержку Gemini Dollar, а Binance — Paxos Standard

Криптовалютная биржа HitBTC добавила в листинг стейблкоин от торговой платформы братьев Уинклвоссов Gemini Dollar (GUSD). HitBTC strongly supports the concept and philosophy of stablecoins. And today we’re happy to open markets for the Gemini Dollar ($GUSD), https://t.

2018-9-21 10:24


дальше еще 18 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

BNB sets the stage to breakout above $580: When will it happen?

BNB’s price action remained less volatile over the last seven days.  Most metrics looked bullish on BNB, but a few suggested otherwise.  Binance Coin's [BNB] momentum declined over the The post BNB sets the stage to breakout above $580: When will it happen? appeared first on AMBCrypto.

ONDO 20% rise vs BNB's 1% drop: Which token is your best bet?

ONDO’s price has risen by double digits in the last week, while BNB’s value has dropped. ONDO is well primed to continue on its uptrend, while BNB remains at the mercy of the bears.  ONThe post ONDO 20% rise vs BNB's 1% drop: Which token is your best bet? appeared first on AMBCrypto.

Binance Coin's next big price hike and why it depends on this 'triangle'

BNB was trading above the support line of its symmetrical triangle pattern BNB remains at risk of a decline as its funding rate was negative The recent market rally has caused Binance Coin [The post Binance Coin's next big price hike and why it depends on this 'triangle' appeared first on AMBCrypto.

Taking a closer look at BNB's stable performance in a rocky week

BNB saw less decline in the last seven days. BNB remained below zero in funding rate. Assets within the top five of the crypto market capitalization experienced declines over the past seven The post Taking a closer look at BNB's stable performance in a rocky week appeared first on AMBCrypto.

BNB Chain DEX volume surges - Examining what it means for BNB's price

The increase showed that attention was shifting back to the chain. BNB's price might fall to $580 despite the rise in TVL. For the first time since the 2nd of May, BNB Chain's DEX trading voThe post BNB Chain DEX volume surges - Examining what it means for BNB's price appeared first on AMBCrypto.

Inside Binance and DWF's alleged market manipulation saga - What's going on?

DWF reportedly made over $300 million from market manipulation at Binance Binance allegedly fired an employee who flagged DWF's shady tactics  One of the largest crypto-market makers, DWF, The post Inside Binance and DWF's alleged market manipulation saga - What's going on? appeared first on AMBCrypto.