Paxos launches crypto brokerage product 15 July 2020New York Reporter: Rebecca Delaney
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Paxos Trust Company has launched a new product, Paxos Crypto Brokerage, to allow companies to integrate cryptocurrency buying, selling, holding, and sending into their own applications.
Paxos Crypto Brokerage is based on application programming interfaces (APIs) and provides access to the cryptocurrency market, as well as offering regulatory and technological management.
The solution is designed for payments, wealth management, banking and other technology companies looking to enter the cryptocurrency market.
Paxos Crypto Brokerage has already been leveraged by Revolut for its consumer banking application to custody all crypto assets, provide access to deep liquidity, and offer historical pricing and market data.
Nik Storonsky, founder and CEO of Revolut, said: “In order to expand our crypto offering to US customers, we had to find a trusted partner. We chose Paxos Crypto Brokerage because their turn key solution is fully compliant and easy to integrate. The Paxos platform offers the security and liquidity we need to offer our users the best crypto experience.”
Charles Cascarilla, CEO and co-founder of Paxos, commented: “The digital asset revolution has started, and more and more companies like Revolut see it coming. With Paxos Crypto Brokerage, companies can leverage our expertise and regulatory compliance to easily and securely integrate crypto into their applications.”
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