In response to the most recent improvement, cryptocurrency alternate Coinbase introduced that it’s going to listing the PAX Gold (PAXG) token, which is listed to the value of gold.
PAXG shall be supported by Coinbase on the Ethereum community and shall be obtainable for buying and selling on Could 8.
PAXG and comparable cryptocurrencies, particularly these utilized by individuals who don’t choose bodily gold because of the rise in gold costs, have grow to be common lately. Nonetheless, corporations that personal gold-themed cryptocurrencies maintain them inside their very own group and print tokens in return. This brings with it some third-party dangers. It’s essential to watch out, particularly with stablecoins and gold-indexed tokens of corporations that aren’t properly regulated.
*This isn’t funding recommendation.
