OANDA Launches Crypto Trading Service In US

OANDA, a global leader in online multi-asset trading services, currency data and analytics, announced the launch of a new cryptocurrency trading offering in the US market, designed to give investors easy access to crypto alongside their existing forex portfolios in a secure environment. The trading ecosystem has been developed in partnership with Paxos Trust Company, a regulated blockchain infrastructure platform.

The new offering allows US-based investors to spot trade cryptocurrencies on Paxos’s itBit exchange through the OANDA mobile platform. Everything from Paxos account opening to funding to trading is managed within the app so investors can seamlessly access major cryptocurrencies such as Bitcoin, Ethereum and PAX Gold against the US dollar from an intuitive platform.

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Together with the unveiling of OANDA’s new brand identity, which reflects the company’s emphasis on enabling smarter trading for its clients, the launch of this offering is an opportunity for investors to gain cryptocurrency exposure in a smart way with a trusted brand.

The benefits of trading cryptocurrencies through OANDA are:

• Peace of Mind – OANDA has years of experience and an unparalleled record in offering trading in forex and other derivative instruments around the world. OANDA’s crypto partner, Paxos, is the leading regulated blockchain infrastructure provider.
• Ease of Use – Investors can enjoy the convenience of opening an account with Paxos and placing trades in one user-friendly app displaying two-way streaming prices. Plus, the offering features easy, low-cost account funding and withdrawal.
• Risk Management – The functionality provided by the OANDA app goes beyond the basic ‘buy & sell,’ as investors can set up limit and stop order parameters in their accounts and take profits and stop losses on positions.

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Gavin Bambury, Chief Executive Officer of OANDA, says, “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.

“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.”

“The evolution of institutional investment into cryptos and blockchain technologies has led to a stabilization period that has major players such as Schwab, Citadel, and Fidelity forge ahead with new digital asset offerings in the cryptoverse.” saidEd Moya, Senior Market Analyst at OANDA.