Victor Ugochukwu · Dec 14, 2020 . 5min read
Paxos Global introduces Crypto Brokerage Services to ease crypto adoption for companies
By onboarding Revolut US as the first client, Paxos aims to innovate businesses by providing hassle-free licensing and regulatory compliances for crypto.
By Shilika · Jul 15, 2020 . 5min read
On 15th July 2020 Paxos Global announced the introduction of Paxos Crypto Brokerage Services. Paxos, a NewYork based regulated financial institution that provides custody, digitization and mobilization of financial assets. Its mission is to build a frictionless economy. It newly introduced Crypto Brokerage services in order to enable companies to integrate cryptocurrencies into their own application. The former manages the regulatory and technical complexities, in turn, making the process hassle-free for clients.
We’re excited to introduce Paxos Crypto Brokerage – the trusted way to add crypto to your application. We’re live with our first customer @RevolutApp. Their US users can now get crypto easily within the app@PaxosGlobal tweeted
“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. We’re proud to offer financial market infrastructure that supports an open, digital financial future.”Charles Cascarilla, CEO and Co-Founder of Paxos said.
Revolut US leverages Paxos
Nearing the launch of its crypto brokering services, it roped in it’s first US customer, Revolut US. Paxos Crypto Brokerage will enable Revolut to buy, sell, hold and manage cryptocurrencies in their application. This will thus help in providing a seamless experience. Revolut US aims to integrate Paxos to its consumer banking application for US customers. The services include the following:
- Firstly, it custody all financial assets right from currencies to commodities.
- Secondly, it maintains deep liquidity for the users for trading purposes
- Thirdly, it offers great historical prices
- Lastly, Paxos provides in-house market data and utmost security.
This overall improves the in-app experience for users. Leveraging Paxos, Revolut can focus on its core business, manage and foster customer relationships.
Whether it’s banking or wealth management, Paxos provides a great solution for businesses looking to enter high cryptocurrency markets to explore opportunities. Hence businesses can rest assured about the regulatory framework and legal compliances while exploring the $200 billion cryptocurrency market.
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