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Binance will add Paxos Standard Token (PAX) as a base pair into the USDⓈ trading market

Yesterday a crypto exchange Binance announced it had renamed the USDT Market (USDT) to be a combined Stablecoin Market (USDⓈ). That was made to support more trading pairs with different stablecoins offered as a base pair.

On November 27, Binance announced it would add the following trading pairs with Paxos Standard Token (PAX) as a base pair into the USDⓈ Trading Market/Tab on November 29 at 1:00 PM (UTC): BNB/PAX, BTC/PAX, ETH/PAX, XRP/PAX, EOS/PAX and XLM/PAX.

The exchange’s team notes that the existing PAX/BNB, PAX/BTC, PAX/ETH trading pairs will be removed and delisted on November 30 at 1:00 PM (UTC). All existing orders in each order book will also be canceled at this time.

Paxos Standard token (PAX) is the world’s first regulated crypto asset. The Paxos Standard token is fully collateralized 1:1 by the U.S. dollar, issued by the Paxos Trust Company, and approved and regulated by the New York State Department of Financial Services.