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This is a continuation – to read the first four misconceptions, click here. It’s been two months since I started at Paxos, and I’m glad I did not let widely-held misconceptions about working in blockchain prevent me from joining the
Before starting at Paxos, I had a lot of preconceived notions about working at a company that uses words like crypto and blockchain to describe products. These notions caused a lot of hesitancy as I evaluated the opportunity – it
2019 was a monster year for Paxos. We launched more products this year than in our entire history combined, we more than doubled the circulation
In a way, developing smart contracts is a throwback to a time where software was disseminated on cds with code that, once installed, must be
In September 2019, we partnered with Binance to launch a new stablecoin called Binance USD (BUSD). BUSD is regulated by the New York Department of
Today I’m excited to announce that we’ve received No-Action relief from the SEC Staff to introduce the Paxos Settlement Service. Paxos Settlement Service is a
Meet ‘Kevin’ — the immutable data store that brings functional programming paradigms to our persistence layer
Paxos offers automation to the confirmation and settlement processes in the commodities and FX spaces through its Post-Trade Service. Automation is another word for technology
A year ago today, Paxos Trust Company launched the Paxos Standard (PAX) stablecoin, the world’s first regulated crypto-asset fully collateralized 1:1 by the U.S. Dollar.
We are proud to introduce PAX Gold, the first regulated digital asset backed token that represents premium gold bars. Designed as an ERC-20 token, PAX
By Srinivas Gumdelli & Nathan Typanski Migrations to Kubernetes are inherently messy. While progress has been made in recent years with StatefulSet and persistent volumes,
Today, I am excited to announce that Dan Burstein has joined Paxos as our General Counsel and Chief Compliance Officer. While Dan has been with
New! Use PAX to Fund Your Binance Account Using USD – Paxos is Now a Preferred Fiat Partner on Binance
Paxos and Binance are now partnering to make it faster and easier to fund your Binance trading account. We’re excited to announce a new integration
Today we’re excited to announce a new feature on Paxos called Auto-Transfers. This makes it easier and faster to get PAX. When you’re able to
PAX is a digital dollar we built so money can move fast. Now, PAX can move even faster. We’re pleased to announce instant redemptions for
Today, it is easier than ever for people all around the world to get PAX. Paxos is pleased to share that Blockchain will make PAX
It’s been a big week for Paxos and our PaxosStandard (PAX) stablecoin! Over the past week, the market cap of PAX has increased nearly 50%.
By Scott Simpson, VP of Strategic Partnerships At Paxos, we’re building technology that will allow any asset to live and move on any blockchain. We
Recently, BitWise presented a report to the SEC alerting the market that a surprising 95% of total bitcoin trading volume is faked. It was noted
By Andrew Chang, Chief Operating Officer Most organizations have a set of core values of some kind. For some, these values are used to guide
itBit is now the first fiat-to-crypto exchange with maker rebates for all trades. Traders that add to the order book will now earn 3bps incentives
We re-designed Paxos.com to reveal more about our mission to mobilize assets and create a frictionless economy. Read more to learn about upcoming products.
In celebration of International Women’s Day this year, we are putting a spotlight on some of the most inspiring women who have had an impact in blockchain.
We’re excited to share that on itBit, the Paxos exchange, itBit customers will now begin receiving 3.5 bps rebates of the notional value on all
Today, we are excited to announce that we will be jump-starting a new initiative to share weekly updates on Paxos activity in an effort to bring more transparency into this space.
At Paxos, we believe crypto and blockchain will transform the way value and assets move around the world.
The first regulated stablecoin marks 3 months with record-breaking growth and global adoption.
We’re happy to announce that itBit customers can now start trading Ethereum (ETH) through the itBit exchange, both at itbit.com and via our FIX & REST APIs.
We’re excited to share that Binance, the world’s largest crypto exchange, has now added the Paxos Standard (PAX) stablecoin as a base currency.
We are excited to announce that the Paxos Standard token (PAX) is now a settlement option for BitPay merchants around the world.
This blog post discusses the design of the PAX ethereum smart contracts with an emphasis on our minimalist contract design philosophy.
We are excited to share that we have added several more windows for PAX conversions and fiat deposits/withdrawals!
Over the past few years, I’ve had the opportunity to build out a world-class engineering team at Paxos, a fintech startup on an ambitious mission to enable the movement of any asset at any time in a trustworthy way.
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.
We’re excited to share that Binance, the world’s largest crypto exchange, has today listed the Paxos Standard token (PAX) against tether (USDT).
As we bring trust and transparency to the digital asset market with PAX, the industry’s first regulated stablecoin, we are pleased to share our first month-end attestation report, prepared and published by nationally-ranked auditing firm Withum.
At Paxos, we’ve been running our services on Kubernetes for a while, but had trouble managing multiple environments until we adopted Helm and ChartMuseum.
We are excited to share that Binance, currently the world’s largest crypto exchange by trading volume, has announced it will list our Paxos Standard token (ticker symbol PAX).
This week, Paxos announced the launch of Paxos Standard™, the world’s first regulated crypto asset.
We’re thrilled to announce that today we launched the Paxos Standard token, a new digital asset that is collateralized 1:1 with the U.S. dollar.
Paxos Continues Growth Trajectory, Adds Seasoned Executives Nancy Dornbush as Global Head of Operations, and Dorothy Chang, VP of Marketing and Communications
Paxos continues to grow and scale operations, having recently announced a $65M capital raise bringing us to $93M in total funding.
We are excited to announce that INTL FCStone Ltd’s Precious Metals Division is now using Paxos Confirmation Service, a tool we designed specifically for the post-trade needs of the precious metals market.
Last week, Authority Magazine sat down with Paxos CEO and Founder, Chad Cascarilla, to gain insight into our company culture and how it’s been shaped over time.
itBit and ED&F Man Capital Markets Inc. Execute First Exchange for Physical Transaction Settled Using Bitcoin
We are excited to announce that, together with our partners at ED&F Man Capital Markets Inc., itBit has completed the first “Exchange for Physical” (EFP) Bitcoin transaction on behalf of two institutional investor clients.
We’re excited to announce that we have updated the fee structure on itBit — making our exchange the most competitive in the industry!
We are excited to announce that we now offer expanded regulated trading and custody services for Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Stellar Lumens (XLM).
Every software system requires an exhaustive amount of configuration and maintenance: from provisioning servers, deploying code, installing and upgrading services, to storing data, managing DNS records and applying security protocols, there is a tremendous amount to consider.
Funding to further Paxos dramatically helping financial institutions reduce settlement risk
Paxos Trust Company LLC, an Existing DFS Licensee, is Now Authorized to Offer Bankchain Precious Metals Platform
The main problem with (traditional) synchronous code, is that processes hang while waiting for external data.
In this series of articles, I’m aiming to give you a solid foundation for blockchain development.
For the last 15 years, I have predominantly worked on Distributed Systems of various size and complexity. Over the last couple of years, I have become
itBit’s Institutional Client Group now offers crypto asset custody services for institutions seeking to custody or sub-custody assets with a regulated NY State Trust Company.
Getting into blockchain development can be pretty intimidating. There’s a whole host of weird terms that are thrown around like “coinbase” and “merkle root” that not only look odd, but are not obvious.
Last year our CEO Charles Cascarilla was featured in Modern Trader, discussing early adoption and future applications of blockchain technology.
At Paxos, we give all software engineering candidates a short take-home test before deciding if we want to move forward with an in-person interview.
Many people across the technology and financial industries are dubbing blockchains as the greatest innovation since the Internet.
Paxos today announced the appointment of Duncan L. Niederauer, the former Chief Executive Officer of The New York Stock Exchange, to the company’s Board of Directors.
Although asset managers initially explored Bitcoin as a new investment opportunity, it is digital securities settlement infrastructure inspired by Bitcoin’s underlying technology, blockchain, that may have a greater impact on buy-side firms.
Paxos, a financial technology company delivering revolutionary blockchain solutions for global financial institutions, today unveiled its new brand.
itBit today announced the appointment of Jim Manz, and Ed Giorgio to the company’s Advisory Board.
We are proud to introduce the itBit Global OTC Agency Trading Desk, a boutique service that specializes in facilitating large transactions over 100 bitcoins.
Today, we opened our doors to all customers in the United States to trade on itBit.
Since launching in the U.S. last week, we have answered a number of questions from the community.
Having spent years researching and using digital currency exchanges as a trader and in light of the most recent market events, I wanted to provide itBit’s perspective on the current state of the industry.
At the heart of the bitcoin ecosystem lives a vibrant yet immature exchange community.
It was four years ago, back in early 2010, when I first heard about Bitcoin.