GCEX Group, a leading provider of digital assets, foreign exchange solutions and trading technology, has strengthened its offering with the addition of tokenised gold trading. This is available through relevant GCEX group entities in accordance with their respective regulatory permissions.
This latest development from GCEX enables institutional and professional clients to trade Pax Gold (PAXG) and Tether Gold (XAUt) against major stablecoins (USDC and USDT) and USD. It enables clients to gain exposure to physical gold while remaining fully on-chain, with access to deep liquidity in leading gold-backed tokens 24×7/365. GCEX also offer PAXG and XAUt to be traded as a CFD against the USD, where the PnL is settled in USD, with no direct ownership of the underling.
Pax Gold (PAXG) is a regulated gold-backed ERC-20 token issued by Paxos Trust Company and regulated by the New York Department of Financial Services. Each PAXG token represents one fine troy ounce of London Good Del
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