PAXOS

PAXOS Information

PAXOS was created in 2002 and is headquartered in the United States. Despite its presence in the digital asset and blockchain infrastructure market, it is not regulated by major financial regulators such as the FCA, ASIC, or CySEC. Through its API-first platform, the company offers crypto brokerage, wallet and trading infrastructure, stablecoin issuance, and cross-border payment solutions for institutions.

Pros and Cons

Is PAXOS Legit?

PAXOS is registered in the United States, although it is not subject to any significant US financial regulatory authority. Furthermore, it lacks licenses from globally renowned regulators such as the FCA (UK), ASIC (Australia), and CySEC (Cyprus). Please be aware of the risk!

According to a WHOIS domain lookup, the domain paxos.com was first registered on September 7, 2002 and is still operational. It will expire on September 7, 2025, and the last update occurred on August 3, 2024. The domain is subject to limitations such as “client delete prohibited,” “client transfer prohibited,” and “client update prohibited.”

Services

PAXOS provides regulated financial infrastructure for digital assets, including cryptocurrency brokerage, wallet and trading technology, stablecoin issuance, and cross-border payments.

Trading Platform

Deposit and Withdrawal

Paxos does not publicly disclose any deposit or withdrawal fees for its stablecoin payment platform. Businesses that use its API-based infrastructure may suffer network (gas) costs when sending or receiving stablecoin transactions, which vary according on the blockchain used.