Today, we are excited to announce that the Paxos Standard token (PAX) has passed the $100 million mark since its launch one month ago. PAX are issued 1:1 to the US dollar when customers deposit funds, so this $100M milestone is a testament to the growing customer demand for PAX, a stablecoin you can trust.

We’re also happy to share that you can now trade PAX on over 30 of the top global exchanges and OTC desks.

PAX has been listed on more than 17 exchanges, with more listing each week, including Binance, OKEx, KuCoin, ZB, OKCoin, Gate.io, DigiFinex, and Huobi.

Some of the many OTC trading and market making firms that now trade PAX include SFOX, XBTO, Cumberland, Hudson River Trading, Galaxy Digital, FBG Capital, Two Rivers, Alameda Research, OSL, DV Chain and QCP Capital.

PAX is seeing tremendous adoption around the globe. Here’s the latest view of PAX holders on Etherscan, where you can see that there is high trading volume at many different exchanges around the world, and a healthy distribution across holders, indicating a well-balanced market.

Top PAX wallet holders chart

 

Thank you for being a part of the Paxos Standard community!

For additional information, check out our recent press release or learn more in our white paper.