Bitget Wallet has introduced support for trading Pax Gold (PAXG), a tokenized version of physical gold, offering users a way to invest in gold on the blockchain. This move comes as gold prices are experiencing renewed interest as a hedge against market volatility, with geopolitical tensions and inflation concerns driving demand.
Each PAXG token represents one ounce of physical gold stored in a secure vault, providing a digital alternative to traditional gold investments. Bitget Wallet supports both spot and futures trading for PAXG, allowing users to easily trade gold-backed assets on-chain.
As of today, April 17, 2025, PAXG is trading around $3,360. This integration allows Web3 participants to preserve value by combining the stability of gold with the accessibility of crypto. To encourage adoption, Bitget Wallet is running a trading campaign until April 20 with a $9,000 prize pool.