Binance, the world's largest cryptocurrency exchange, started the day with an altcoin announcement.
At this point, Binance announced that it has listed a new altcoin in the futures and announced that it is PAXG.
“To expand the list of trading options offered on Binance Futures and enhance users’ trading experience, Binance Futures will list PAXG.
Binance will launch the PAXG/USDT Perpetual Contract with up to 75x leverage at 2025-03-27 10:30 AM (UTC).
What is Pax Gold (PAXG)?
PAXG is a gold-backed cryptocurrency launched in September 2019 by the creators of Paxos Standard (PAX). An ERC-20 token running on the Ethereum blockchain, Pax Gold is tradeable on a wide variety of exchanges and has become an accessible way for investors to start investing in gold.
Pax Gold stands out because it is already backed by an established commodity. One of Pax Gold’s main goals is to make investing in gold more accessible.
*This is not investment advice.
