Popular forex broker Oanda, headquartered in New York, has launched digital asset trading support for US users.
To provide access to cryptocurrency trading, Oanda turned to Paxos, a regulated blockchain infrastructure provider. Oanda customers will be able to trade digital assets on the Paxos itBit exchange through their familiar interface.
Platform users will have access to all major cryptocurrencies and tokens. According to Oanda CEO Gavin Bambury, the partnership with Paxos will expand the digital asset trading offering in the future.
Oanda top manager Jessica Bestead emphasized that access to cryptocurrencies has become “a response to the needs of active traders”, as clients are becoming more interested in this area.
Earlier it was reported that in September of this year, an increase in trading volumes was recorded on centralized cryptocurrency exchanges, both in the spot market and in the derivatives market.
Source: Bits
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
