Close Menu
AsiaTokenFundAsiaTokenFund
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
What's Hot

Shiba Inu Price Prediction: Can SHIB Flip Dogecoin (DOGE) as Little Pepe (LILPEPE) Wins Over Investors in 2025?

June 17, 2025

Breaking: Ripple Fights Back, Latest Legal Move Could Finally End Its SEC Lawsuit

June 17, 2025

Ethereum Price Prediction: $2,800 or $2,400 Next?

June 17, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) YouTube LinkedIn
AsiaTokenFundAsiaTokenFund
ATF Capital
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
AsiaTokenFundAsiaTokenFund

Ex-Coinbase Executives Launch TrueX: A New Crypto Exchange Powered by PayPal’s PYUSD

0
By on September 18, 2024 Altcoin, Bitcoin, Regulations, Trading, Web3
Share
Facebook Twitter LinkedIn Pinterest Email

The post Ex-Coinbase Executives Launch TrueX: A New Crypto Exchange Powered by PayPal’s PYUSD appeared first on Coinpedia Fintech News

According to the latest Bloomberg report, two former high-level Coinbase Global Inc. employees unveiled a crypto platform called TrueX that will use PayPal Holdings Inc.’s stablecoin as its preferred token for transactions. The exchange aims to provide a secure and stable trading experience by focusing on PYUSD for its transactions.

TrueX’s Features 

The exchange, founded by Vishal Gupta, former head of markets at Coinbase and Patrick McCreary, a former software engineer at the Nasdaq-listed crypto exchange, is the flagship product of True Markets. The TrueX exchange will first be open to US-based institutions and some international institutions in certain regions.

TrueX features a proprietary matching engine to efficiently match trading orders, secure segregation between execution of trades and asset custody, and promises seamless completion of transactions using stablecoins. The exchange only facilitates trades and does not control or hold the actual assets.

What Distinguishes TrueX From Others?

TrueX’s decision to operate with the PYUSD stablecoin seeks to minimize volatility in the cryptocurrency market. This stablecoin is known for providing price stability among cryptocurrencies. The ability for platform users to trade with PYUSD will offer both a fast and reliable experience, which distinguishes TrueX from other cryptocurrency exchanges. 

Paxos To Provide Third-Party Custodian Services

Paxos Trust Co., the issuer of PYUSD for PayPal, will provide third-party custodian services to TrueX’s users. Paxos is also among the investors that participated the startup’s seed funding round, in which TrueX raised $9 million from venture investors including RRE Ventures and Hack VC.

Gupta stressed that clients now demand the security of true segregation of execution and custody. He asserted that the team has worked diligently to meet these needs, leveraging the power of stablecoins to facilitate efficient liquidity and settlement solutions.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Shiba Inu Price Prediction: Can SHIB Flip Dogecoin (DOGE) as Little Pepe (LILPEPE) Wins Over Investors in 2025?

June 17, 2025

Breaking: Ripple Fights Back, Latest Legal Move Could Finally End Its SEC Lawsuit

June 17, 2025

Ethereum Price Prediction: $2,800 or $2,400 Next?

June 17, 2025
Leave A Reply Cancel Reply

What's New Here!

Shiba Inu Price Prediction: Can SHIB Flip Dogecoin (DOGE) as Little Pepe (LILPEPE) Wins Over Investors in 2025?

June 17, 2025

Breaking: Ripple Fights Back, Latest Legal Move Could Finally End Its SEC Lawsuit

June 17, 2025

Ethereum Price Prediction: $2,800 or $2,400 Next?

June 17, 2025

Ripple vs SEC Lawsuit Update: XRP Price Falls 7% as Legal Expert Dismisses New Filing

June 17, 2025
AsiaTokenFund
Facebook X (Twitter) LinkedIn YouTube
  • Home
  • Crypto News
    • Bitcoin
    • Altcoin
  • Web3
    • Blockchain
  • Trading
  • Regulations
    • Scams
  • Submit Article
  • Contact Us
  • Terms of Use
    • Privacy Policy
    • DMCA
© 2025 asiatokenfund.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.