OANDA teams up with Paxos Trust Company
Provider of online multi-asset trading services, currency data and analytics, OANDA announces a partnership with Paxos Trust Company, a regulated blockchain infrastructure platform.
Through this partnership OANDA’s US-based clients will be able to engage with Paxos and its digital asset custody platform to gain exposure to cryptocurrencies alongside the Forex instruments available on the OANDA platform. OANDA intends to introduce that access later in the year.
Gavin Bambury, Chief Executive Officer of OANDA, said,
“The relationship with Paxos signals the start of an exciting new phase of growth for OANDA, creating a significant opportunity in the US market. As the number of Americans who are seeking exposure to cryptocurrencies grows, it’s becoming clear that digital assets should form part of a unified trading experience for active traders and sophisticated investors.
OANDA continues to strive to create an ecosystem built with integrity to meet the evolving needs of our clients. Our partnership with Paxos continues that trajectory as its regulated blockchain infrastructure allows us to provide our clients access to crypto trading so they have a fast and secure route to the digital economy.”
Walter Hessert, Head of Strategy of Paxos, added,
“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.”