Today, we announced that the Paxos Standard token has achieved the fastest, broadest distribution of any digital asset, with support from over 20 top global exchanges and OTC desks within just one month of its launch.
Six of the top ten crypto exchanges, Binance, OKEx, Gate.io, ZB, KuCoin and DigiFinex have already listed Paxos Standard, with OKCoin and itBit planning to list it in the near future. A bevy of top Over-the-Counter (OTC) trading and market-making firms including SFOX, XBTO, Cumberland, Hudson River Trading, Galaxy Digital, FBG Capital, Two Rivers, Alameda Research, OSL, DV Chain and QCP Capital are ready to support large PAX trades from sophisticated investors.
Fast adoption from these institutions shows that there is strong global demand for a regulated, USD-backed stablecoin that traders can trust. Since launch, Paxos has issued over $36 million PAX in exchange for dollar deposits, and is now supported by most large crypto wallets.
Read more in the press release here!