According to the latest development, Cryptocurrency Exchange Coinbase has announced that it will list Pax Gold (Paxg) tokens indexed at Gold prices.
PAXG is supported by Ethereum Network’s Coinbase and will be available for trading on May 8th.
Cryptocurrencies similar to PAXG, especially those used by people who don’t like physical gold due to the rise in gold prices, have recently become popular. However, companies that own gold-themed cryptocurrencies keep them within their own organizations and print tokens in return. This poses third party risk. You should be especially careful about tokens that are not fully regulated for tokens for stubcoins and gold tokens.
*This is not investment advice.
