Exchanges

BREAKING NEWS: Binance to add PAX as base currency

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.”

Scott Thompson

Scott has been working in technology and business journalism for nearly 20 years, with a focus on FinTech, retail, payments and disruptive technology. He has been Editor of such titles as FStech, Retail Systems and IBS Journal and also contributed to the likes of Retail Technology Innovation Hub, PaymentEye, bobsguide, Essential Retail, Open Banking Hub, TechHQ and Internet of Business.

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