Share this article
Paxos Adds Financial Adviser Crypto Trading to Brokerage Platform
While just 15% of financial advisers are allocating crypto in customer accounts, 94% have received crypto-related questions from clients, said Paxos, citing recent survey data.
Updated May 11, 2023, 5:38 p.m. Published Jun 7, 2022, 1:00 p.m.
Regulated blockchain infrastructure firm Paxos wants to make it easier for broker-dealers to allow their financial adviser clients to trade and manage crypto assets for investors.
- Paxos’s financial adviser crypto trading addition is designed to expand on the company’s crypto brokerage platform. It will build out a broader wealth management system for advisers to better manage crypto assets for their clients.
- In its statement, Paxos cited a Bitwise survey from earlier this year, which found that only 15% of financial advisers were allocating crypto in client accounts, though 94% of financial advisers received questions on the subject from customers.
- Interactive Brokers has already launched financial advisor crypto trading via the Paxos crypto brokerage. The two previously teamed up last year when Interactive Brokers began offering crypto trading through Paxos.
- Scaling these platforms is key for Paxos, and in turn financial advisers, Paxos product head Kyle Libra told CoinDesk in a phone interview. The financial adviser user segment is largely left out of crypto, or crypto at scale, he added.
Read more: Where Crypto Fits in Wealth Management
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Standard Chartered, Coinbase Expand Crypto Prime Services for Institutions
The companies will explore the development of trading, prime services, custody, staking and lending solutions for institutional clients.
What to know:
- The enhanced partnership builds on the existing tie-up between Standard Chartered and Coinbase in Singapore.
- Standard Chartered provides banking connectivity that enables real-time Singapore dollar transfers for Coinbase’s customers.
Top Stories
