Paxos Named a 2022 Best Place to Work in NYC!
Thank you to our employees for helping make Paxos a Best Place to Work! We’re thrilled to announce that we have also been recognized as a Best Midsize Company and…
Thank you to our employees for helping make Paxos a Best Place to Work! We’re thrilled to announce that we have also been recognized as a Best Midsize Company and…
On December 8, I testified to the U.S. House of Representatives Committee on Financial Services regarding digital assets and the future of finance. I took this opportunity to share the…
This conflation in many people's minds of T+0, Real-Time Gross Settlement (RTGS), and atomic settlement demonstrates just how misunderstood this topic really is. To be clear, T+0 simply means settlement on the same day as the trade, RTGS means settlement at the time of trading, and atomic settlement is the transfer of securities against cash (ie: delivery vs payment) at any settlement time. All of these should be embraced as opportunities that can create efficiencies, cut costs and protect our system from future market failures.
MercadoPago will offer its Brazilian customers the opportunity to buy, sell and hold Bitcoin, Ethereum and the Paxos-issued US dollar-backed stablecoin USDP. The offering is fully powered by Paxos’ leading blockchain infrastructure and our turnkey solution powering crypto for the largest tech companies and financial institutions in the world.
During the 2021 Money20/20 conference, Paxos CEO and Co-Founder Charles Cascarilla spoke with Paxos board member and investor, Patricia Kemp of Oak HC/FT during a fireside chat.
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.
USDP, Paxos’ leading regulated stablecoin backed 100% by cash and cash equivalents, is the inaugural stablecoin available in Facebook’s pilot of the Novi digital wallet launched today. This news represents a tide shift in digital assets, as it’s the first time that stablecoins are readily available in a consumer wallet outside of the crypto ecosystem.
Paxos has been working in crypto since the early days. We built the first institutional Bitcoin exchange and we’ve been growing our regulated product capabilities ever since. We’re building the regulated financial market infrastructure that multinational enterprises with billions in customer assets and global reputations to protect rely upon. We’re seasoned crypto experts and help partners navigate the complexity of jumping into crypto markets.