Thursday , March 4 2021

Binance will add Paxos ticket paints into the combined steylcoin market

The more in terms of trading volume, the Binance cryptocurrency exchange will add six trade commas with the Pazo stablecox (PAX) Standard Ticket.

Trading in BNB / PAX, BTC / PAX, ETH / PAX, XRP / PAX, EOS / PAX and XLM / PAX partners will start on November 29.

At the same time, the pairs that already exist with this stable – PAX / BNB, PAX / BTC and PAX / ETH – will be removed on November 30.

"Since we launched just over two months ago, the demand for PAX has been growing very quickly. This explained to many that there was a need for stable, regulated and transparent steblecoins for traders., – shares the thoughts of CEO and co-founder of Paxos, Charles Cascarillus. – – Binance responds to this demand by allowing traders to trade this steblecocoin conveniently. We are confident that this will help to increase the level of confidence in the cryptocurrency market, as well as to make it more sustainable. "

At present, "Paxos fixed currency" has reached the US dollar in the 35 place at the CoinMarketCap rate:

The offer of the PAX market is 137.3 million.

Paxos (in the past – itBit Bitcoin Exchange) was established in 2012. Over time the company expanded the range of activities. Therefore, in partnership with the Euroclear Paxos clearance system, he took part in testing the block-of-trade platform for valuable metal trading.

In March, Paxos completed a round of funding for Series B, and started to attract $ 65 million in venture capital investments to develop block solutions. At the beginning of this year, the company was licensed by the New York Financial Services Department.

Recall, on November 26, Binance announced the decision to rename the USDT market to the combined market steakcoins (USDⓈ).

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