Backpack Exchange Lists PAXG Spot

_{This is a listing announcement. Products and services may not be available in all regions.}‍

Backpack Exchange has listed PAXG for spot trading, bringing gold exposure to the platform. PAXG is issued by Paxos Trust Company, a New York-regulated financial institution. Each token represents ownership of one fine troy ounce of London Good Delivery gold held in Brink's vaults. To mark the launch, Backpack is running limited-time achievement badges for early participants.

Spot Market

‍PAXG perpetual futures already live

PAXG Perps are already live on Backpack Exchange

What Is PAXG

PAXG is a gold-backed token issued by Paxos Trust Company, where each token represents one fine troy ounce of allocated London Good Delivery gold. The gold is held in Brink's vaults and audited monthly. Token holders can redeem for physical gold, convert to USD, or trade on secondary markets. PAXG runs on Ethereum as an ERC-20, making gold as transferable as any other crypto asset. Paxos is regulated by the New York State Department of Financial Services, and PAXG holders incur no storage fees. For traders, PAXG offers gold exposure with 24/7 liquidity, instant settlement, and no counterparty risk from unallocated gold products.

Limited Time Achievements

Backpack is distributing achievement badges to users who participate during the first week of the PAXG listing. Each badge rewards a specific action and is awarded to eligible users after the campaign window closes.

_{Expires: February 12, 1:30 PM UTC}

Disclaimer

Digital asset prices can be volatile. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Backpack is not liable for any losses you may incur. Please read our full disclaimer for further details.

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