An exchange is only as good as its liquidity. There are hundreds of exchanges to choose from, and many have chosen Binance, which was originally based in China and funded through an ICO. Binance is far and away the largest exchange in the world by volume and users, most days almost doubling the volume of its nearest competitor.
As we reported yesterday, Binance is in the process of creating a combined stablecoin market they’re calling USDⓈ, and now within that market Paxos Standard is to be a base token, CCN has learned.
At time of writing, PAX was still only trading against USDT in the market, but according to a press release received Tuesday morning, several other pairs will soon be added to the exchange.