Binance Partners with Paxos for New Deposit Gateway

Binance, the world’s largest cryptocurrency exchange by volume, and Paxos, the first regulated Trust company for digital assets, today announced a partnership to integrate a new deposit gateway on The portal will allow traders to exchange fiat directly for PAX on the Paxos platform and benefit from the stablecoin’s liquidity on the Binance exchange.

With a Paxos portal now incorporated as a fiat gateway into the experience, customers can wire fiat to the Paxos platform, and receive the same amount in PAX directly in their Binance accounts.

PAX is the most liquid, fully-backed stablecoin available on Binance – that means PAX users benefit from optimal price discovery. On top of this, when you create or redeem PAX, there are no fees, no minimums or maximums, and instant processing.

Binance CEO, CZ (Changpeng Zhao), stated, “PAX is a liquid, fully-backed stablecoin available on Easing the PAX gateway on means traders will benefit from the liquidity of PAX trading pairs and move more easily between fiat and crypto. We look forward to working with Paxos to grow the ecosystem.” 

Charles Cascarilla, CEO and Co-Founder of Paxos, added, “Today, many of our PAX users are on Binance. We’ve seen significant growth of PAX through Binance since we launched on the platform last year. We believe this easy fiat on-ramp with PAX to Binance will make it even better for traders to benefit from deep liquidity pools and price discovery.”

Company Profile

About Paxos
Paxos is the leading regulated blockchain & tokenization infrastructure platform. It’s redefining financial markets by building prudentially regulated solutions that enable the instant movement of any asset to anyone in a trustworthy way. 

CEO & Co-Founder

Charles Cascarilla is the CEO and co-founder of Paxos, a regulated blockchain infrastructure platform that enables the movement of all assets in a trustworthy way. With more than 20 years of experience in financial services, Charles has a unique perspective on integrating blockchain technology with traditional systems. He co-founded institutional asset management complex Cedar Hill Capital Partners in 2005 and its venture capital subsidiary, Liberty City Ventures, in 2012.


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Paxos Brand Resources

Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital, PayPal Ventures