Crypto is Growing Fast… And Compliance is Key to Accelerating that Growth

Regulation first. That has always been the sentiment throughout Paxos. It’s even more relevant as we build new products and scale our programs. Paxos set the stage for regulatory oversight in this market as we secured the first Limited Purpose Trust Company under the New York Department of Financial Services for digital assets, have conditional approval of a de novo national Trust Bank under the OCC, and will soon apply for full clearing agency registration from the Securities and Exchange Commission.

Team Silhouette in the Sunset

Growing our Team in a Global Pandemic

Since the start of the pandemic, Paxos has grown our team by a remarkable 35% and added 63 new team members. We expanded across all functional teams since March 2020, hiring the most individuals in our engineering, operations and legal/compliance groups. We’re also proud that growth was not centralized only at our NYC headquarters. We expanded internationally and added to our teams in our London and Singapore as well.

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