CoinIvy

Market weather: green · Bitcoin above its 20-week average (31 Oct 2026)

Pax GoldPAXG

A token issued by Paxos, each backed by one fine troy ounce of gold in LBMA-standard bars.

Rank #54Since September 2019
Price on 31 Oct 2026
C$5,443 -4.2% since 31 Jul 2026 · 28.4% below its all-time high

The short version

Pax Gold is a token issued by Paxos Trust Company of New York; each token is backed by one fine troy ounce of gold in LBMA-standard bars held in LBMA vaults. KPMG attests the gold holdings monthly. Paxos froze 1,906.67 PAXG linked to stolen funds from a hack on 30 Oct 2026, and Aave set PAXG's loan-to-value to 0% for new loans the same day. On 31 Oct 2026 one PAXG cost C$5,443. From 31 Jul 2026 to 31 Oct 2026 its price changed -4.2% in Canadian dollars, and it was 28.4% below its all-time high of C$7,597 set on 28 Jan 2026.[1]

Checked 31 Oct 2026 · 14 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$7,440 (29 Jan 2026) · low C$5,439 (31 Oct 2026) · -2.7%[1]

Month-end prices (table)
DateC$US$
31 Oct 2026C$5,439US$3,896
30 Sep 2026C$5,965US$4,190
31 Aug 2026C$6,175US$4,453
31 Jul 2026C$5,750US$4,099
30 Jun 2026C$5,693US$4,008
31 May 2026C$6,234US$4,518
30 Apr 2026C$6,184US$4,554
31 Mar 2026C$6,272US$4,511
28 Feb 2026C$7,234US$5,289
31 Jan 2026C$6,636US$4,918
31 Dec 2025C$5,966US$4,356
30 Nov 2025C$5,962US$4,251

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026
C$5,443[1]
3-month change
-4.2% in C$ (31 Jul 2026 to 31 Oct 2026)[1]
From its high
28.4% below its high of C$7,597 (28 Jan 2026)[1]
Market rank
#54, market value about C$2.4B[1]
Kind
Backed asset · Ethereum (ERC-20); also issued on Solana
Started
September 2019

Checks: the same 9 questions for every coin

Facts, not a rating
Can an admin key create new coins?YesPaxos mints PAXG when gold is deposited and burns it on redemption[2, 3]
Can anyone freeze or take coins from holders?YesPaxos can freeze addresses; it froze 1,906.67 PAXG on 30 Oct 2026[4]
Can the token's contract code be changed?YesUpgradeable proxy contract on Ethereum[5]
Is the supply capped?NoNo maximum; supply follows gold deposited and redeemed[6]
Any scheduled unlocks in the next 12 months?NoNo vesting or locked allocations[2]
Does a team or foundation hold over 10% of supply?NoNo team or investor allocation; each token is backed by gold[2]
Do network fees reach coin holders?NoNo yield; Paxos charges creation and redemption fees[3]
Main network hacked or halted in the past 2 years?NoNo hack of the PAXG contract found; CertiK audited it in 2019[7, 8]
Is a regulator or court case targeting the coin itself?NoA US$48.5M NYDFS settlement (Aug 2025) closed the BUSD matter; no live case found[9]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Issuer
Paxos Trust Company, New York; NYDFS limited-purpose trust charter since 2015[10]
Founders
Charles Cascarilla and Rich Teo (itBit, 2012); US$540M raised in total[10]
OCC
OCC conditionally approved conversion to a national trust bank in Dec 2025[11]
Admin powers
Paxos can mint, burn and freeze PAXG; the Ethereum contract is an upgradeable proxy[4, 5]

Supply

In circulation
446.11K PAXG[1]
Maximum supply
None set[1]
Outstanding
446,112.47 PAXG on 31 Oct 2026, each backed by one fine troy ounce of gold[6, 12]
Attestation
Monthly by KPMG; reports for Jan-Sep 2026 posted[2]
Concentration
Top 10 Ethereum addresses hold 36.1%; a custodial wallet that holds coins for many users holds 18.3%[8]

Use and fees

Holder yield
None; a yield-bearing wrapper, PAXGy, launched on 24 Sep 2026[4]
Fees
Tiered creation and redemption fees since 1 Apr 2026[3]
Lending
Aave set PAXG's loan-to-value to 0% for new loans on 30 Oct 2026[4]

Trading

Daily trading
About C$179.8M a day on average, 31 Jul 2026 to 31 Oct 2026[1]
Daily turnover
Typically 6.66% of its market value changes hands each day[1]
20-week average
7.6% below its 20-week average price[1]
1-year change
-3.0% in C$[1][13]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later[14]

Typical result
Median -25% after a year; 45% higher after two years
Lost half or more
38% within a year
Against Bitcoin
12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

No red flags found
  • On 30 Oct 2026 Paxos froze 1,906.67 PAXG linked to stolen funds from a hack; the issuer can freeze any address.[4]
  • Paxos paid US$48.5M in an Aug 2025 NYDFS settlement over its BUSD stablecoin partnership.[9]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

  1. CoinGecko market data, 31 Oct 2026
  2. Paxos PAXG transparency page
  3. BeInCrypto (tokenized gold fees), 2026
  4. CoinMarketCap AI updates (PAXG), Oct 2026
  5. GoPlus token security (Ethereum), 1 Nov 2026
  6. Paxos supply API, 31 Oct 2026
  7. DefiLlama hacks, 31 Oct 2026
  8. CoinMarketCap (PAX Gold), 31 Oct 2026
  9. Banking Dive (NYDFS settlement), 2025
  10. Wikipedia (Paxos Trust Company)
  11. Skadden (OCC conditional approval), Dec 2025
  12. Paxos support (gold storage and attestations)
  13. Bank of Canada USD/CAD rate, 31 Oct 2025
  14. CoinIvy history data: CoinMarketCap weekly rankings 2013-2026, dead coins included

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.