Oanda to Offer Crypto in the US
Posted by Colin Lambert. Last updated: October 23, 2022
Retail broker Oanda has announced it has partnered with digital assets technology provider Paxos to launch a cryptocurrency trading service in the US.
The new offering allows US-based investors to spot trade cryptocurrencies on Paxos’s ItBit exchange through the Oanda mobile platform. The firm says that everything from Paxos account opening to funding to trading is managed within the app.
“This launch signals the start of an exciting new phase of growth for Oanda, creating significant opportunity in the US market,” says Gavin Bambury, CEO of Oanda. “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.
“Our partnership with Paxos continues that growth 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,” he adds.