Convert and Swap PAX Gold PAXG to Turkish Lira TRY
PAXG/TRY: 1 PAX Gold equals TRY 124,228.07 TRY
Last update: 12:41 AM, May 15, 2025
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PAX Gold market latest
PAX Gold is falling this week.
The current price of PAX Gold is TRY 124,228.07 per PAXG. With a circulating supply of 237,282.503 PAXG, it means that PAX Gold has a total market cap of TRY 29,386,089,245.41. The amount of PAX Gold traded has risen by TRY 950,602,891.31 in the last 24 hours, which is a 36.81% increase. Additionally, in the last day, TRY 2,582,514,123.03 worth of PAXG has been traded.
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About PAX Gold
PAXG is a gold-backed stablecoin. Each PAXG token is backed by one fine troy ounce of gold, stored in LBMA vaults in London. PAXG holders own the underlying physical gold, held in custody by Paxos Trust Company.
PAX Gold (PAXG) is a unique cryptocurrency that aims to combine the stability and value of gold with the flexibility and accessibility of digital assets. Launched in September 2019 by the creators of Paxos Standard (PAX), PAXG is an ERC-20 token that operates on the Ethereum blockchain. Each PAXG token is backed by one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. This means that if you own PAXG, you essentially own the underlying physical gold, held in custody by Paxos Trust Company. The main objective of PAXG is to make gold more tradable and accessible, especially to small-time investors who may find it challenging to invest in the physical commodity due to its indivisibility and transportation issues.
PAXG operates on the Ethereum blockchain and is secured by the proof-of-work (PoW) model. Each PAXG token is backed by a fraction of a London Good Delivery gold bar, stored in Brink’s gold vaults, an approved storage company by the London Bullion Market Association. This means that the amount of PAXG tokens in circulation is directly proportional to the amount of gold stored for backing. The token aims to combine the security and liquidity offered by blockchain-based cryptocurrency with the established value of gold as a physical commodity. This unique combination provides a new investment opportunity for traders, allowing them to buy indefinitely small amounts of gold through the cryptocurrency.
PAXG seeks to make investing in gold more accessible and flexible. It allows investors to buy small amounts of gold through the cryptocurrency, virtually eliminating minimum buy limits for the commodity. This makes it an attractive option for individuals who wish to invest in gold but are deterred by the high costs and logistical challenges associated with buying and storing physical gold. Furthermore, PAXG can be traded on a variety of exchanges, making it easily accessible to a wide range of investors. It also provides a unique opportunity for individuals to diversify their investment portfolios by combining the stability of gold with the flexibility of digital assets.
PAXG was launched in September 2019 by the creators of Paxos Standard (PAX), a stablecoin that is pegged to the US dollar. The founder and CEO of both Paxos Standard and PAX Gold is Charles Cascarilla, a finance professional with an extensive career in capital management. After co-founding Cedar Hill Capital Partners in 2005, Cascarilla explored the potential of cryptocurrencies and decided to create a cryptocurrency that was entirely backed by gold. This led to the creation of PAXG, which has since become a popular choice for traders looking to invest in gold through a digital platform. The number of PAXG tokens in circulation changes frequently, reflecting the dynamic nature of the gold supply backing it.
How PAX Gold and Turkish Lira differ
PAX Gold (PAXG) and Turkish Lira (TRY) are two distinct forms of assets, each with its unique characteristics. PAXG is a digital asset that operates on the Ethereum blockchain, backed by one fine troy ounce of a London Good Delivery gold bar stored in professional vault facilities. It aims to make gold more tradable and accessible, especially to those who find it challenging to invest in the physical commodity due to its indivisibility and transportation issues. On the other hand, the Turkish Lira is a traditional fiat currency issued and regulated by the Central Bank of the Republic of Turkey. Unlike PAXG, which is backed by physical gold, the value of TRY is determined by economic factors such as inflation, interest rates, and the country's political stability. While PAXG offers a unique opportunity to diversify investment portfolios by combining the stability of gold with the flexibility of digital assets, the Turkish Lira serves as a medium of exchange, store of value, and unit of account within Turkey.
Frequently asked questions
How much is 1 PAX Gold in TRY?
Right now, 1 PAX Gold is worth about TRY 124,228.07.
How much PAXG could I buy for 1 TRY?
Based on the current rate, you could get 0.00000805 PAXG for 1 TRY.
How much has the price of PAX Gold changed?
PAX Gold price has been declining. Since yesterday, the exchange rate of PAX Gold has decreased. Since last month, the exchange rate of PAX Gold has decreased. Since this time last year, the price of PAX Gold has increased.
How do I calculate or convert PAXG to TRY?
You can use our PAXG to TRY calculator at the top of this page to convert any amount of PAXG to TRY. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 TRY is equivalent to 0.00004 PAXG. Inversely, 5 PAXG will cost about TRY 621,140.37
How can I buy 1 PAX Gold on Coinbase?
PAX Gold is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy PAX Gold.
What are assets similar to PAX Gold that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to PAX Gold, including PancakeSwap, Kaia, and Bitcoin SV. For a more robust list of assets to explore, jump to the asset page dedicated to PAX Gold.
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PAXG to Turkish Lira conversion tables
The exchange rate of PAX Gold is decreasing.
The current value of 1 PAXG is TRY 124,228.07 TRY. In other words, to buy 5 PAX Gold, it would cost you TRY 621,140.37 TRY. Inversely, TRY 1.00 TRY would allow you to trade for 0.00000805 PAXG while TRY 50.00 TRY would convert to 0.00040249 PAXG, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 5.55%. Meanwhile, in the last 24 hours, the rate has changed by 1.82%, and that the the highest exchange rate of 1 PAXG to Turkish Lira was TRY 126,755.93 TRY and the lowest 24 hour value was 1 PAXG for TRY 123,731.70 TRY. This time last month, the value of 1 PAXG was TRY 123,009.37 TRY, which is a 0.93% increase from where it is now. Looking back a year, PAX Gold has changed by TRY 76,189.38 TRY.
PAXG to TRY performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
TRY 126,692.97 TRY | -1.82% | TRY 131,080.02 TRY | -5.55% | TRY 123,009.37 TRY | -0.93% | TRY 76,189.38 TRY | 35.65% |
PAXG to TRY
Amount | Today at 12:41 am |
|---|---|
0.5 PAXG | TRY 62,114.04 |
1 PAXG | TRY 124,228.07 |
5 PAXG | TRY 621,140.37 |
10 PAXG | TRY 1,242,280.74 |
50 PAXG | TRY 6,211,403.72 |
100 PAXG | TRY 12,422,807.43 |
500 PAXG | TRY 62,114,037.15 |
1,000 PAXG | TRY 124,228,074.31 |
TRY to PAXG
Amount | Today at 12:41 am |
|---|---|
0.5 TRY | 0.00000402 PAXG |
1 TRY | 0.00000805 PAXG |
5 TRY | 0.000040 PAXG |
10 TRY | 0.000080 PAXG |
50 TRY | 0.000402 PAXG |
100 TRY | 0.000805 PAXG |
500 TRY | 0.0040 PAXG |
1,000 TRY | 0.0080 PAXG |
Today vs. 24 hours ago
Amount | Today at 12:41 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 PAXG | TRY 62,114.04 | TRY 63,265.29 | -1.82% |
1 PAXG | TRY 124,228.07 | TRY 126,530.57 | -1.82% |
5 PAXG | TRY 621,140.37 | TRY 632,652.86 | -1.82% |
10 PAXG | TRY 1,242,280.74 | TRY 1,265,305.73 | -1.82% |
50 PAXG | TRY 6,211,403.72 | TRY 6,326,528.64 | -1.82% |
100 PAXG | TRY 12,422,807.43 | TRY 12,653,057.28 | -1.82% |
500 PAXG | TRY 62,114,037.15 | TRY 63,265,286.41 | -1.82% |
1,000 PAXG | TRY 124,228,074.31 | TRY 126,530,572.81 | -1.82% |
Today vs. 1 month ago
Amount | Today at 12:41 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 PAXG | TRY 62,114.04 | TRY 62,698.76 | -0.93% |
1 PAXG | TRY 124,228.07 | TRY 125,397.52 | -0.93% |
5 PAXG | TRY 621,140.37 | TRY 626,987.58 | -0.93% |
10 PAXG | TRY 1,242,280.74 | TRY 1,253,975.15 | -0.93% |
50 PAXG | TRY 6,211,403.72 | TRY 6,269,875.77 | -0.93% |
100 PAXG | TRY 12,422,807.43 | TRY 12,539,751.53 | -0.93% |
500 PAXG | TRY 62,114,037.15 | TRY 62,698,757.67 | -0.93% |
1,000 PAXG | TRY 124,228,074.31 | TRY 125,397,515.35 | -0.93% |
Today vs. 1 year ago
Amount | Today at 12:41 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 PAXG | TRY 62,114.04 | TRY 45,789.42 | +35.65% |
1 PAXG | TRY 124,228.07 | TRY 91,578.84 | +35.65% |
5 PAXG | TRY 621,140.37 | TRY 457,894.18 | +35.65% |
10 PAXG | TRY 1,242,280.74 | TRY 915,788.35 | +35.65% |
50 PAXG | TRY 6,211,403.72 | TRY 4,578,941.77 | +35.65% |
100 PAXG | TRY 12,422,807.43 | TRY 9,157,883.53 | +35.65% |
500 PAXG | TRY 62,114,037.15 | TRY 45,789,417.67 | +35.65% |
1,000 PAXG | TRY 124,228,074.31 | TRY 91,578,835.34 | +35.65% |
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