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OANDA Partners with Paxos to Develop Cryptocurrency Trading Ecosystem

22nd September, 2022
Media relations contact

Dana Catterina
Head of Public Relations and Social Media, OANDA
Email: pr@oanda.com

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A global leader in online multi-asset trading services, currency data and analytics, OANDA is pleased to announce 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.”

About Paxos 

Paxos is the leading regulated blockchain infrastructure platform. Its products are the foundation for a new, open financial system that can operate faster and more efficiently. Today, trillions of dollars are locked in inefficient, outdated financial plumbing that is inaccessible to millions of people. Paxos is replatforming the financial system to enable assets to instantaneously move anywhere in the world, at any time, in a trustworthy way.

Paxos uses technology to tokenize, custody, trade and settle assets. It builds enterprise blockchain solutions for institutions like PayPal, Interactive Brokers, Meta, Mastercard, MercadoLibre, NuBank, Bank of America, Credit Suisse and Societe Generale. Paxos is a top-funded fintech company with more than $540 million raised from leading investors including Oak HC/FT, Declaration Partners, Founders Fund, Mithril Capital and PayPal Ventures. With offices in New York, London and Singapore, Paxos takes a global approach to modernizing the financial system.

About OANDA

Founded in 1996, OANDA was the first company to share exchange rate data free of charge on the Internet, launching an FX trading platform that helped pioneer the development of web-based currency trading five years later. Today, the OANDA group, which includes OANDA Corporation and other subsidiaries of OANDA Global Corporation, provides online multi-asset trading, currency data and analytics to retail and corporate clients around the globe, demonstrating an unrivaled expertise in foreign exchange. With regulated entities in nine of the world’s most active financial markets, OANDA remains dedicated to transforming how the world interacts with trading, enabling clients to trade global market indices, commodities, treasuries, precious metals and currencies on one of the fastest trading platforms in the market.

Leveraged trading in foreign currency or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone; you may lose more than you invest. Trading in digital assets, even on an unleveraged basis, may be especially risky. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section.

OANDA Corporation is a registered Futures Commission Merchant and Retail Foreign Exchange Dealer with the Commodity Futures Trading Commission and is a member of the National Futures Association. No: 0325821. More Information is available using the NFA Basic resource.

OANDA CORPORATION IS A MEMBER OF NFA AND IS SUBJECT TO NFA'S REGULATORY OVERSIGHT AND EXAMINATIONS. HOWEVER, YOU SHOULD BE AWARE THAT NFA DOES NOT HAVE REGULATORY OVERSIGHT AUTHORITY OVER UNDERLYING OR SPOT VIRTUAL CURRENCY PRODUCTS OR TRANSACTIONS OR VIRTUAL CURRENCY EXCHANGES, CUSTODIANS OR MARKETS.