OANDA Joins Forces with Paxos to Develop Crypto Trading Ecosystem

Multi-asset financial trading services provider, OANDA has recently developed a partnership with Paxos. The details shared by the company in an official press release show that its US-based clients will be able to gain exposure to cryptocurrencies through the recently developed collaboration with Paxos.

Founded in 1996, OANDA offers trading services in a wide range of FX instruments. Gavin Bambury, the Chief Executive Officer of OANDA, believes that the collaboration with Paxos will create a 'significant opportunity' in the US market. Bambury added that the partnership has started a new phase of growth for OANDA.

The popularity of cryptocurrencies has increased significantly across different regions around the world. According to PEW Research Center, approximately 43% of Americans aged between 18 and 29 have traded or used cryptocurrencies.

“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,” Bambury said.

Paxos

Paxos is a regulated blockchain infrastructure provider. To date, the company has secured more than $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.”