Paxos Standard logo

Paxos Standard

PAX

Explore Paxos Standard

Create a Coinbase account to buy and sell Paxos Standard and start your crypto journey!

Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Stablecoins

‘Stablecoin‘ (e.g. , ) is the term often used for crypto-assets that claim their value is linked to certain reserve assets such as a fiat currency (e.g. US Dollars). Stablecoins may use a range of different ways to maintain stability, each with their own risks

Counterparty risk: Where the asset is backed by collateral (e.g. fiat currency) you are relying on a third party to maintain that collateral which introduces risk if the party becomes insolvent or fails to maintain the necessary collateral.

Redemption risk: If the asset claims to be redeemable for underlying collateral, there is risk that the redemption process will not work as expected e.g. in times of market volatility or due to operational issues.

Collateral risk: There’s a risk that the value of the collateral could decline or become volatile, affecting the stability of the asset (e.g. where the collateral is another type(s) of crypto-asset(s)).

FX risk: Lots of stablecoins are denominated in US Dollars, meaning you will be exposed to movements in the USD:GBP exchange rate

Algorithm risk: If the asset relies on an algorithm to maintain stability (e.g. by adjusting supply based on demand) there’s a risk the algorithm could fail or behave unexpectedly, which might cause the asset to lose its stability and even lose all its value.

About Paxos Standard

The Paxos Standard Token is a stablecoin running on Ethereum. For stablecoins like PAX, the company behind the protocol is responsible for holding reserves that fully back each token. The company behind PAX, Paxos Trust Company, claims to hold reserves that fully back each PAX.

Market

United Kingdom Market Stats

Market cap

£118.2M

Volume (24h)

£2.7M

Circulating supply

148.3M PAX

Typical hold time

8 days

Popularity

#341

All time high

£547.83

Price change (1h)

+0.01%

Price change (24h)

-0.14%

Price change (7d)

-0.08%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom News about Paxos Standard

The Defiant • Feb 21, 23

Aave and Maker Pull Back From Paxos Stablecoins

Fallout From ‘Tricky Situation’ at Stablecoin Issuer Hits DeFi Protocols

Read more

News Article Image

The Block • Jun 08, 22

New York’s financial regulator issues new guidance on dollar-backed stablecoins

The New York Department of Financial Services introduced new policies aimed at protecting stablecoin investors.

Read more

News Article Image

Paxos • May 13, 22

Understanding the Demise of UST and What Makes a Stablecoin Stable

Stablecoins are digital tokens backed by stable assets such as the US dollar, and were originally created for crypto investors to have an easy on- and off- ramp between fiat currencies and crypto. As stablecoin usage and market cap have increased, so has regulatory scrutiny. In particular, the reserve practices (or lack thereof) of various stablecoins have increasingly been in the spotlight - which brings us to the algorithmic stablecoin at the heart of the Terra ecosystem, UST.

Read more

News Article Image

Paxos • Apr 28, 22

Consumer Crypto Adoption Accelerates in LatAm: Impesa Chooses Paxos Crypto Brokerage to Add Crypto Services for Costa Rican Customers

The trend may have kicked off in El Salvador with Bitcoin becoming legal tender, but the mainstream adoption of digital assets is only accelerating across Latin America. We’re excited to share that Paxos Crypto Brokerage now powers the digital asset experience on Monibyte, a digital wallet app from IMPESA, a Costa Rican fintech and software […]

Read more

News Article Image

Paxos • Apr 13, 22

IEFA Conversation Series: Charles Cascarilla Sits Down with Matt Leising

Paxos CEO and Co-Founder Charles Cascarilla sat down with journalist Matt Leising to discuss how blockchain technology is changing the way money and value moves around the world. They also discussed how blockchain and digital assets will revolutionize the average person’s interactions with the financial system.

Read more

News Article Image

Paxos • Mar 28, 22

Deploying Dollars on the Blockchain

Watch Paxos Engineering leaders Ilan Gitter and Brent Perreault go in-depth on what it takes to build a stablecoin and deploy it on the blockchain!

Read more

News Article Image

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 12 are the closest to Paxos Standard in market cap.

Advanced trading

Here is a selection of spot and futures markets that people watch

Paxos Standard is on the decline this week.

The price of Paxos Standard has increased by 0.01% in the last hour and decreased by 0.14% in the past 24 hours. Paxos Standard’s price has also fallen by 0.08% in the past week. The current price is £0.80 per PAX with a 24-hour trading volume of £2.70M. Currently, Paxos Standard is valued at 99.85% below its all time high of £547.83. This all-time high was the highest price paid for Paxos Standard since its launch.

The current circulating supply of Paxos Standard is 148,253,494.781 PAX which means that Paxos Standard has as total market cap of 148,253,494.781.

FAQ

What is the current price of Paxos Standard?

We update our Paxos Standard to GBP currency in real-time. Get the live price of Paxos Standard on Coinbase.

What is the market cap of Paxos Standard?

The current market cap of Paxos Standard is £118.23M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Paxos Standard?

The all-time high of Paxos Standard is £547.83. This all-time high is highest price paid for Paxos Standard since it was launched.

What is the 24 hour trading volume of Paxos Standard?

Over the last 24 hours, the trading volume of Paxos Standard is £2.70M.

What other assets are similar to Paxos Standard?

Assets that have a similar market cap to Paxos Standard include Fusionist, Art de Finance, WAX, and many others. To see a full list, see our comparable market cap assets.

How many Paxos Standard are there?

The current circulating supply of Paxos Standard is 148 million.

What is the typical holding time of Paxos Standard?

The median time that Coinbase customers hold Paxos Standard before selling it or sending it to another account or address is 8 days.

What is the relative popularity of Paxos Standard?

Paxos Standard ranks 245 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Paxos Standard?

Currently, 80% of Coinbase users are buying Paxos Standard. In other words, 80% of Coinbase customers have increased their net position in Paxos Standard over the past 24 hours through trading.

Can I buy Paxos Standard on Coinbase?

Yes, Paxos Standard is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Paxos Standard guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024