OANDA, a multi-asset financial services provider, recently partnered with Paxos. Details shared by the company in an official press release suggest that its customers in the US will be able to access Cryptocurrencies through a recently launched partnership with Paxos.
OANDA offers trading services for a wide range of foreign exchange instruments. Gavin Bambury, Chief Executive Officer of OANDA, believes that collaborating with Paxos will create significant opportunities in the US market and usher in a new phase of OANDA’s growth.
The popularity of Cryptocurrencies has increased significantly in different regions of the world. According to the PEW Research Center, approximately 43% of Americans aged 18 to 29 have traded or used Cryptocurrencies.
Bambury also added that as the number of Americans seeking access to Cryptocurrencies grows, it is becoming clear that they should be part of the asset offering for active traders and sophisticated investors. OANDA continues to strive to build a cohesive ecosystem to meet the changing needs of its clients, and the partnership with Paxos continues this tile as its regulated blockchain infrastructure allows for access to Crypto trading for clients.
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Paxos is a regulated blockchain infrastructure provider. The company has received over $540 million in funding from some of the world’s leading venture capital firms, including Mithril Capital and PayPal Ventures. The company has offices in New York, London, and Singapore.
Walter Hessert, the Head of Strategy of Paxos, commented: “OANDA pioneered internet FX trading, making their entrance into digital asset markets a natural extension of their product. By partnering, OANDA and Paxos will give sophisticated forex traders easy, secure access to the Web3 ecosystem. We’re proud to power OANDA’s crypto offering with our regulated blockchain infrastructure.”
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