OANDA partners Paxos on new US crypto trading service

• OANDA offers new crypto trading services through a partnership with Paxos Trust Company.

OANDA, one of the leading online brokerage platforms offering multi-asset trading among other services, has expanded its offerings to the United States by offering a new cryptocurrency trading service.

The company’s expansion into the U.S. market is in partnership with regulated blockchain firm Paxos Trust Company, OANDA has revealed. press release on thursday.

The two companies announced in September that they were collaborating in the cryptocurrency trading ecosystem.

OANDA Focuses on Growing US Market

By expanding into the U.S., OANDA hopes to capitalize on the growing crypto trading ecosystem by providing investors with a platform that gives them seamless access to crypto asset classes alongside their forex portfolios. .

“This launch marks the beginning of an exciting new phase of growth for OANDA, creating significant opportunities for the US market.As more Americans seek exposure to cryptocurrencies, it is becoming clear that digital assets need to form part of a unified trading experience for active traders and sophisticated investors.Gavin Bambury, Chief Executive Officer of OANDA, said:

US-based traders access spot crypto trading via the OANDA mobile app for trading powered by Paxos’ itBit exchange. Investors will manage all activities through the app, including account registration, deposits and trading, the broker announced.

Customers can trade Bitcoin, Ethereum and PAX Gold against the US dollar.

Founded in 1996, OANDA pioneered web-based currency trading by debuting its FX trading platform in 2001.