Bitget Wallet has announced that it will provide support for spots and futures trading in Pax Gold, a tokenized version of physical commodities amid growing global demand.
According to a press release shared with Crypto.News, the decision to list Pax Gold (PAXG) is driven by a growing interest in tokenized gold, which has grown in conjunction with physical products. By integrating PAXG, Bitget Wallet aims to provide traders with a digital alternative that combines gold stability with crypto accessibility.
Paxg, issued by blockchain infrastructure company Paxos, is supported by physical money on a 1:1 basis. Each token represents a ounce of physical gold stored in a safe, allowing the user to expose it to gold through tokenization.
Recent data from TradingConomics shows that gold prices have exceeded $3,200 this month amid rising geopolitical tensions. As of April 15th, gold had risen 0.3% (9.5 points) to $3,222. Over the past month, physical gold has earned approximately 7.3%.
Physical gold is not the only product on demand, as it is often considered an investor hedge fund. Digital Gold has also emerged as a practical safe haven for on-chain users. At press time, PaxG dropped by 0.1% over the past 24 hours. Currently trading hands for $3,239. Last week, PAXG rose more than 7%.
The Pax Gold price chart shows digital assets representing gold tokenized on April 15, 2025. Source: crypto.news
You might like it too: Kathy Wood predicts that he will soon turn the gold upside down after Bitcoin’s $2 market capitalization reaches a $10,000 milestone
PAXG currently has a market capitalization of over $738 million, with 24-hour trading volume of nearly $60 million.
As part of the launch, Bitget Wallet introduced a limited-time trading campaign with a prize pool worth $9,000 for users to participate. From April 12th to April 20th, users will earn rewards by trading PaxG via Bitget Wallet’s swap feature or a futures trading interface equipped with Tatadex.
Alvin Kan’s COO of Bitget Wallet said tokenized money further bridges the gap between traditional finance and Web3 space. As more realistic assets become available for tokenization, he believes that “money should be easier.”
“As traditional finance and Web3 converge, we believe digital access to real-world assets like gold should be easier,” Kan said in a statement.
read more: Ripple and BCG Report: Global Asset Tokenization Possible to reach 18.9T by 2033
