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Gold-Backed Cryptocurrencies Develop Premiums as Gold Demand Soars

Gold-Backed Cryptocurrencies Develop Premiums as Gold Demand Soars | CryptoGlobe

Cryptocurrencies backed by gold are starting to develop premiums as demand for the precious metal started surging after last month’s coronavirus-induced market crash. According to CryptoCompare data, the premiums gold-backed cryptocurrencies like Tether Gold (XAUt), Pax Gold (PAXG), and Digix Gold (DGX) have been developing are accompanied by increases in trading volumes.