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paxos standard  (PAX)

Paxos Standard (PAX)

$1.00 0.8%
0.00003049 BTC -0.4%
0.00051857 ETH 0.9%
3,875 people like this
Market Cap
24 Hour Trading Vol
24h Low / 24h High
$0.987315 / $1.02
Circulating Supply
747,839,264 / 747,839,264

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Paxos Standard Price and Market Stats

Paxos Standard Price
PAX Price $1.00
Paxos Standard ROI 0.4%
Market Cap $752,333,163
Market Cap Dominance 0.06%
Trading Volume $78,064,900
Volume / Market Cap 0.1039
24h Low / 24h High $0.987315 / $1.02
7d Low / 7d High $0.999032 / $1.01
Market Cap Rank #82
All-Time High $1.13 -10.8%
Oct 15, 2018 (over 2 years)
All-Time Low $0.863529 16.5%
May 19, 2021 (about 1 month)
Affiliate disclosures
# Exchange Pair Price Spread +2% Depth -2% Depth 24h Volume Volume % Last Traded Trust Score
0.9998 USDT
0.03% $1,825,209 $1,910,489
8049212.570 PAX
10.33% Recently
1.0012 USD
0.1% $703,903 $2,194,836
9075597.215 PAX
11.66% Recently
0.02% $1,474,940 $24,944
80293.359 PAX
0.10% Recently
0.9995 USDT
0.03% $475,990 $402,209
1590524.520 PAX
2.04% Recently
0.9997 USDT
0.01% $436,531 $298,326
9179710.546 PAX
11.81% Recently
Show More
* Anomaly - Trading price is an outlier against the average
** Inactive - No trades in the last 3 hours

Paxos Standard Coin Price & Market Data

Paxos Standard price today is $1.00 with a 24-hour trading volume of $78,023,366. PAX price is up 0.8% in the last 24 hours. It has a circulating supply of 750 Million PAX coins and a max supply of 748 Million. If you are looking to buy or sell Paxos Standard, LBank is currently the most active exchange.

Paxos Standard (PAX) was created by Paxos, a financial technology company on a mission to modernize finance by mobilizing assets at the speed of the internet. Paxos was the first virtual currency company to receive a charter from the New York State Department of Financial Services. As a chartered limited purpose trust company with fiduciary powers under the Banking Law, Paxos is able to offer regulated services in the crypto-asset and virtual commodities space.

The Paxos team comes from a wide variety of backgrounds with a diverse array of experiences ranging from Wall Street to Silicon Valley. It’s led by CEO and co-founder Charles Cascarilla, who has spent his career as a customer, analyst, investor and now creator of financial technology.

Paxos describes itself as “the first regulated Trust company with blockchain expertise”, and it is using that expertise to create a modern settlement solution that can eliminate risk and simplify settlements. What many people may not know about Paxos is that it was actually founded in 2012 as Paxos Trust Company, and that for most of its life it ran the cryptocurrency exchange itBit, which is still operates. The creation of Paxos was a pivot from an exchange platform to a company focused on creating a modern settlement platform using blockchain technology.

Paxos has become the most widely adopted cryptocurrency in the fastest time frame, with support from over 20 exchanges and OTC desks in the first five weeks of its existence. It’s been picked up and listed by six of the top ten cryptocurrency exchanges, Binance, OKEx, Gate.io, ZB, KuCoin and DigiFinex. These exchanges are offering PAX as an alternative to the controversial Tether. Unlike the controversy surrounding the people who control Tether, there is no such obscurity when it comes to the people behind Paxos. The CEO and co-founder is Charles Cascarilla. He has over 15 years in financial services and has co-founded Cedar Hill asset management back in 2005. He has also worked and Bank of America and Goldman Sachs prior to that.

The Paxos Standard (PAX) is the first digital asset to be issued by a financial institution and to be fully secured by the U.S. dollar. While other similar stablecoins have existed, there has been no proof of full U.S. dollar reserves, nor have these earlier assets been issued by a financial institution. The Paxos team has been fairly clear in declaring the different base that PAX is working from.

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