- OANDA and Paxos Trust Company have partnered to bring you the new crypto trading service.
OANDA, a leading online broker platform that offers multi-asset trading, among other services, is expanding its offerings to the United States by offering a new crypto trading option.
The company’s expansion into the US market is in partnership with regulated blockchain firm Paxos Trust Company, OANDA revealed in a press release On Thursday.
They announced their collaboration on September 1st.
OANDA sees a growing US market
OANDA is expanding to the US to offer investors seamless access to crypto assets and their forex portfolios.
“This launch signals the start of an exciting new phase of growth for OANDA, creating significant opportunity in the US market. As the number of Americans 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,” said Gavin Bambury, the Chief Executive Officer of OANDA.
US-based traders will access spot crypto trades via OANDA mobile app, with transactions powered by Paxos’s itBit exchange. The broker announced that all investor activities will be managed via the app. This includes account registration and deposits, as well as trading.
Customers will have the ability to trade bitcoin, ether, and PAX Gold with trading pairs against US dollars.
OANDA, which was established in 1996, launched its FX trading platform in 2001. This platform pioneered web-based currency trading.