The Paxos Standard Token (PAX) is being added as a base currency on the world’s largest crypto exchange, Binance.
It will have six trading pairs listed on Binance’s USD Markets against BNB, BTC, ETH, XRP, EOS and XLM.
“Demand for PAX has grown very quickly since we launched just over two months ago, making it clear that traders want a stable, regulated and transparent stablecoin,” says Charles Cascarilla, Paxos Co-founder and CEO. “Binance is responding to this demand by giving traders the ease of PAX-denominated trading. We believe this will help bring greater confidence and stability to crypto markets at large.”