The news follows an The Wall Street Journal report that The Securities and Exchange Commission (SEC) was planning to file a lawsuit against Paxos for violating investor protection laws. Binance CEO Changpeng Zhao responded quickly on Twitter to Paxos’ decision to stop offering BUSD. He wrote: We were informed by Paxos they have been directed…
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OANDA explained that opening a Paxos account, funding and trading s all managed within the app so investors can access major cryptocurrencies such as Bitcoin, Ethereum and PAX Gold against the US dollar from the platform. Gavin Bambury, Chief Executive Officer of OANDA, said: As the number of Americans seeking exposure to cryptocurrencies grows, it's…
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Gavin Bambury, Chief Executive Officer of OANDA, said: The relationship with Paxos signals the start of an exciting new phase of growth for OANDA, creating a significant opportunity in the US market. He continued: OANDA continues to strive to create an ecosystem built with integrity to meet the evolving needs of our clients. Our partnership…
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The brokerage’s clients can benefit from centralized cash management and can trade Bitcoin, Ethereum, Litecoin and Bitcoin Cash plus stocks, options, futures, bonds, mutual funds and ETFs from a single screen. The offering is initially available to US residents with individual or joint accounts, however, the company plans to make it available for additional client…
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The largest cryptocurrency exchange Binance is now launching a new USD-pegged stablecoin in the U.S. The more exciting news is that the new coin, called BUSD, has been approved by the New York Department of Financial Services or NYDFS. The other partner on the project is Paxos Trust Company. The Binance stablecoin will be pegged…
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Paxos, a financial technology company and the first blockchain-powered trust, has just announced that its Paxos Standard Token (PAX) is going to be added as a base currency on the Binance crypto exchange. PAX will have six trading pairs listed on Binance's USDⓈ Markets against: BNB, BTC, ETH, XRP, EOS, and XLM. Digital asset traders…
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Paxos has just announced that the Paxos Standard token (PAX) is now integrated with BitPay as a settlement option for BitPay merchants. By settling transactions in PAX, merchants and businesses globally can have access to the fastest growing stable cryptocurrency that is backed 1:1 with the U.S. dollar. Paxos Standard is the first token issued…
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Paxos, a financial technology company and the first blockchain-powered trust announced that INTL FCStone Inc.'s (NASDAQ: INTL) London-based subsidiary, INTL FCStone Ltd's Precious Metals Division, has just announced that it is now using Paxos Confirmation Service, a tool built specifically for the post-trade needs of the precious metals market. The new technology automates trade confirmations,…
Read morePaxos, a financial technology company delivering revolutionary blockchain solutions for global financial institutions, this week unveiled its new brand. The Paxos team—whose leadership launched itBit, the innovative cryptocurrency trading platform—consists of experienced financial services professionals with post-trade and market infrastructure expertise, leading technologists and engineers. Bankchain was previously recognized under the itBit umbrella, but has become…
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