Institutional Trading & Brokerage Infrastructure

Paxos provides comprehensive institutional trading infrastructure through the itBit regulated exchange platform and Crypto Brokerage embedded infrastructure, delivering execution, custody, and clearing services for institutional clients and enterprises launching crypto trading solutions.

itBit Trading Platform - Institutional Exchange

itBit Trading Platform is Paxos' institutional-grade crypto asset trading venue built specifically for institutional investors. The platform combines regulatory oversight, deep liquidity, advanced security, and powerful trading APIs to provide a safe, secure, and fair trading environment for professional traders.

Advanced Supervision distinguishes itBit as a regulated trading venue with oversight from the New York Department of Financial Services (DFS), best-in-class blockchain monitoring software, and systems designed to prevent market manipulation. Deep Liquidity provides access to itBit's global network of clients across more than 100 countries, creating some of the deepest fiat-to-crypto liquidity pools for multiple trading pairs including USD:AAVE, USD:BCH, USD:BTC, USD:BUSD, USD:ETH, USD:LINK, USD:LTC, USD:MATIC, USD:PAXG, USD:UNI, and USD:USDP. Maker Rebates and Low Fees offer competitive pricing with maker rebates available to certain liquidity providers, flat rate fees per transaction, and no crypto withdrawal fees.

Trading APIs and OTC Desk

The platform provides powerful automated trading solutions through three API protocols: FIX API supporting FIX 4.2 protocol for institutional high-frequency trading with low-latency execution; REST API enabling high-frequency algorithmic trading with comprehensive order management, account information, and execution capabilities; and Market Data API delivering real-time access to itBit's level two orderbook market data and trade information via REST API or streaming WebSockets.

For large crypto trades over $100,000 USD, itBit's agency-only OTC desk offers deep order book access, dedicated support, and competitive pricing for AAVE, BCH, BTC, BUSD, ETH, LINK, LTC, MATIC, PAXG, UNI, and USDP. The agency-only model ensures the platform does not trade against its customers, eliminating conflicts of interest.

Crypto Brokerage - Embedded Trading Infrastructure

Paxos' Crypto Brokerage platform enables financial services companies to offer their customers crypto trading capabilities through API integration. The Custody component keeps customer assets safe by holding them in accounts protected from bankruptcy through Paxos Trust Company NA, with digital asset insurance coverage. The Trading component delivers best prices from reputable liquidity providers with instantaneous settlement, eliminating counterparty risk without profiting from principal trading against customers.

The platform supports multiple enterprise use cases including Invest functionality empowering users to buy, sell, and hold crypto directly on partner platforms, and Transfer capabilities enabling global, instant digital asset movement. Notable clients include PayPal, for whom Paxos powers crypto trading and wallet services.

Compliance and Certification

itBit exchange by Paxos has received SOC 2 Type 2 certification, making Paxos the first company to secure this certification across a suite of crypto products and services. This demonstrates itBit operates as a best-in-class crypto trading platform with the controls necessary to effectively support enterprise customers. All platform operations are subject to NYDFS oversight and federal regulatory frameworks.