Why did PAXG reach $3600 on Binance while real gold never reached below $3800 and the same happened to the other biggest CEXes who never showed PAXG price below 3800? PAXG is supposed to be correlated with gold there is no justification for this price of

Individuals use PAXG as a approach to get collateralized loans on their strategy, Binance confirmed a extraordinarily low worth in comparison with actual gold which PAXG is correlated to, PAXG worth is correlated to actual gold worth to not the token supply or demand, this divergence is extraordinarily worrysome because it exhibits PAXG on Binance isn't following actual world gold worth and the other CEXes didn't have this excessive divergence from worth.

Many individuals who used PAXG as collateral acquired liquidated due to this, this product is unreliable on Binance because it doesn't correlate with actual gold worth which is the rationale why this token exist within the first place and it solely happens on Binance that present this excessive worth divergence, not in different CEXes.