Paxos, a blockchain infrastructure platform, launched a new service that allows financial advisor crypto trading within Paxos Crypto Brokerage.
This service allows broker-dealers to provide a wealth management solution to financial advisors to trade crypto on behalf of their clients. It will help advisors, and their clients overcome the barriers to accessing the fastest-growing asset class.
A recent survey revealed that 94 percent of financial advisors received questions about crypto from clients, but only 15 percent of financial advisors were allocating crypto in client accounts. Paxos Crypto Brokerage will help broker-dealers engage with their clients in the benefits of the crypto ecosystem, including tax, allocation, settlement, and commission functionality.
It also enables several unique capabilities that differentiate it from other crypto infrastructure providers. Including the ability for broker-dealers to enable registered advisors (RAs) and financial advisors (FAs) to trade...
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