Paxos to Apply for Formal Clearing Agency License from the SEC
Main page News, Crypto Market, Cryptocurrency
Hot topic
6 April
38 38

Cryptocurrency company Paxos has announced it will apply for full clearing agency registration with the US Securities and Exchange Commission. The company plans to secure registration this year.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

The company's plans come after Paxos Credit Suisse and Instinet settled US stock trades using Paxos' settlement service. Today, it takes several days to settle a trade. If and when the SEC grants Paxos a clearing agency registration, the Paxos Settlement Service plans to provide the industry with flexibility around their settlement cycles. The company will also run multilateral netting processes in real-time to ensure efficient, fast and transparent net settlement of transactions.

Paxos Files Application for US Bank Charter

Last December, Paxos completed a Series C funding round in which it had attracted $142 million. Participants in the round included PayPal Ventures, Declaration Partners, RIT Capital Partners and US investment banker Ken Moelis.

If you are looking for a crypto trading platform to trade your assets, visit, a safe and reliable exchange.

Read also:
Please describe the error