We’re proud to share that Prex - a leading Latin American digital banking platform providing financial products and services - will soon offer cryptocurrency buying, selling and holding capabilities for their 700,000 Uruguayan customers, with additional markets coming in 2022.
Custody is a commonly used term in financial services and refers to the holding and safekeeping of assets, such as dollars or gold. Crypto custody is about holding cryptographic keys (which you can think of as passwords that unlock crypto wallets), and is typically handled through “cold” or “hot” wallets.
In one year alone, the size of the crypto market has grown 537%. You’d be hard pressed to find another market that has grown so quickly and has captured the attention of both retail and institutional investors.
Last last night, on November 8, 2021, Bitcoin hit an all-time price high of $68,521. In the very short span of 12 years, Bitcoin has entered the world and become one of the most attractive assets as a store of value. But what actually is Bitcoin? Let's take a moment to review!
October 2021 marked the first time Paxos hosted a booth Money20/20 USA - the preeminent conference that brings leaders from financial institutions and technology providers to Las Vegas in order to learn more about what the future of fintech holds.