OANDA is working with Paxos, a regulated blockchain infrastructure platform to help clients gain exposure to the crypto and forex markets.
Multi-asset online broker OANDA announced 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 storage platform to gain exposure to the cryptocurrencies and Forex available on the OANDA platform starting later this 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 at Paxos, added that OANDA pioneered internet FX trading, making their entry into the digital asset market a natural extension of the product. By partnering, OANDA and Paxos will provide advanced forex traders with easy and secure access to the Web3 ecosystem. Paxos is proud to be able to support OANDA's crypto offerings with company-regulated blockchain infrastructure.
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