stebcocoins combined market
The largest in terms of trading volume, the Binance cryptocurrency exchange will add six trade pairs with a stablecox Paxos Standard Token (PAX).
#Binance Will Add $ PAX Base Pairs into the USDⓈ Trading Market / Tab https://t.co/DncjBH5sKR pic.twitter.com/hrvW1ZvdGk
– Binance (@binance) 27 leaf fall 2018 r.
Trading in BNB / PAX, BTC / PAX, ETH / PAX, XRP / PAX, EOS / PAX and XLM / PAX pairs will start on November 29th.
At the same time, existing pairs with this stablecoin – PAX / BNB, PAX / BTC and PAX / ETH – will be removed on November 30th.
“Since our launch a little over two months ago, the demand for PAX has been growing very rapidly. This made it clear to many that a stable, regulated and transparent steyblecoin is needed for traders , ”shares the thoughts of the CEO and co-founder of Paxos, Charles Cascarillus. – Binance responds to this demand by providing traders with the opportunity to conveniently trade with this steyblecoin. We are confident that this will help increase the level of confidence in the cryptocurrency market, as well as make it more sustainable. ”
Currently, the Paxos “stable coin” pegged to the US dollar is in 35th place in the CoinMarketCap rating:
The PAX market offer is 137.3 million.
Paxos (in the past – itBit Bitcoin Exchange) was founded in 2012. Over time, the company expanded the range of activities. Thus, in partnership with the Euroclear Paxos clearing system, he participated in testing the blockchain platform for trading precious metals.
In March, Paxos completed a round of financing for Series B, during which the startup managed to attract $ 65 million in venture capital investments to develop blockchain solutions. At the beginning of this year, the firm was licensed by the Department of Financial Services of New York.
Recall, on November 26, Binance announced the decision to rename the USDT market into the combined market steakcoins (USDⓈ) .
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