Gate News Bot news, on November 13, according to CoinMarketCap, as of the time of writing, PAXG (PAX Gold) is currently priced at 4183.77 USD, rising 1.79% in the last 24 hours, with a high of 4200.07 USD and a low of 3977.96 USD. The 24-hour volume reached 199 million USD. The current market capitalization is approximately 1.395 billion USD, an increase of 24.5 million USD compared to yesterday.
Important news about PAXG recently:
1️⃣ Gate unified account adds PAXG as collateral
Gate announced on November 7th that its unified account system has added PAXG as a collateral currency. The maximum discount rate for PAXG reaches 85%, which means users can utilize PAXG assets more flexibly for leveraged trading or borrowing.
2️⃣ PAXG collateral value highly recognized
In the newly added collateral currencies, PAXG, along with LINEA and SKY, belongs to the highest discount rate tier, reaching 85%. This reflects the exchange's high recognition of the asset value and stability of PAXG, which may increase market confidence in PAXG.
3️⃣ The collateral function or enhance PAXG liquidity
With PAXG being incorporated into Gate's unified account collateral system, it is expected to attract more users to hold and use PAXG, potentially increasing its liquidity and demand in the market. This could be an important factor driving the rise in PAXG prices.
PAXG, as a cryptocurrency pegged to gold, typically has its price movements closely tied to the physical gold market. Recent fluctuations in gold prices may also be one of the important factors affecting PAXG's market performance.
This message is not intended as investment advice; investors should be aware of market volatility risks.
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