Crypto.com, a Singapore-based exchange, has announced a new partnership with PayPal and Paxos to become a preferred platform for trading PYUSD, a stablecoin backed by U.S. dollars.
As per the press release on Sept. 28, Crypto.com has the highest liquidity for PYUSD trading pairs in the world.
The exchange has made PYUSD available for both retail and institutional users, and will soon offer trading features for the stablecoin.
This partnership is an extension of the existing collaboration between Crypto.com and PayPal, which allows users to top up their Crypto.com Visa Card with PayPal, as stated in the press release.
Joe Anzures, the senior vice president of Americas and global head of payment partnerships at Crypto.com, praised Paxos as “a market-leading issuer of stablecoins” and expressed his excitement about the partnership.