NYDFS approves Paxos to OTC trade

NYDFS approves Paxos to OTC trade

The New York Department of Financial Services (NYDFS) has sanctioned the Paxos Trust Company to begin its OTC trading. The company is permitted to use Ethereum, Bitcoin Cash, Litecoin and Stellar Lumens for the OTC trade supported by itBit digital asset exchange. However, it is reported that the exchange would offer eight licensed cryptos.

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