PAX

About PAX

PAX Markets operates a cryptocurrency exchange offering zero-fee trading with cash-back rebates on transactions. The platform provides institutional-grade infrastructure, including third-party custody and ultra-low latency matching for all traders. Its patented $\lambda$ API enables zero-distance trading through co-location on a chip, offering the fastest execution path available.

<problem> Traditional cryptocurrency exchanges introduce latency through off-exchange order origination, delaying trade execution and hindering real-time decision-making. This latency disadvantage impacts market participants, particularly those employing high-frequency trading strategies, by increasing exposure to adverse price movements and reducing their ability to capitalize on fleeting market opportunities. </problem> <solution> PAX Markets provides a cryptocurrency exchange platform featuring patented co-location technology that enables zero-distance trading, ensuring instant order execution. The platform integrates AI-powered alpha models accessible via its λ API, allowing clients to leverage real-time price predictions for more informed trading decisions. PAX offers a unique "zero-fee + cash-back" model, providing rebates to all participants for both marketable and limit orders, thereby reducing trading costs and incentivizing liquidity provision. Revenue is generated through fees for access to the high-speed λ API, which is primarily utilized by market makers seeking a competitive edge. </solution> <features> - Patented co-location technology for zero-distance trading and instant order execution. - λ API providing direct access to exchange infrastructure for ultra-low latency. - AI-powered alpha models for real-time price predictions and algorithmic trading. - "Zero-fee + cash-back" fee structure with rebates for both taking and making liquidity. - Rebates ranging from 1.5 to 2.5 basis points (bps) depending on API combination. - Marketable orders receive a rebate when crossing with λ API orders. - Limit orders receive a rebate when crossing with λ API orders. - Fee structure designed to incentivize market makers and reduce overall trading costs for participants. </features> <target_audience> The primary target audience includes cryptocurrency market makers, high-frequency trading firms, and algorithmic traders seeking to minimize latency and optimize execution speed. </target_audience> <revenue_model> PAX Markets generates revenue by charging fees for access to its high-speed λ API, which is essential for market makers and algorithmic traders requiring ultra-low latency. </revenue_model>

What does PAX do?

PAX Markets operates a cryptocurrency exchange offering zero-fee trading with cash-back rebates on transactions. The platform provides institutional-grade infrastructure, including third-party custody and ultra-low latency matching for all traders. Its patented $\lambda$ API enables zero-distance trading through co-location on a chip, offering the fastest execution path available.

Where is PAX located?

PAX is based in Darnestown, United States.

When was PAX founded?

PAX was founded in 2020.

Who founded PAX?

PAX was founded by Matthew Hanson.

  • Matthew Hanson - Cofounder & Partner, PAX
Location
Darnestown, United States
Founded
2020
Employees
11 employees

PAX

4
Relative Traction Score based on online presence metrics compared to companies in the same age group.

Executive Summary

PAX Markets operates a cryptocurrency exchange offering zero-fee trading with cash-back rebates on transactions. The platform provides institutional-grade infrastructure, including third-party custody and ultra-low latency matching for all traders. Its patented $\lambda$ API enables zero-distance trading through co-location on a chip, offering the fastest execution path available.

pax.markets1K+
Founded 2020 – Darnestown, United States

Funding

No funding information available.

Team (10+)

Matthew Hanson

Cofounder & Partner, PAX

Company Description

Problem

Traditional cryptocurrency exchanges introduce latency through off-exchange order origination, delaying trade execution and hindering real-time decision-making. This latency disadvantage impacts market participants, particularly those employing high-frequency trading strategies, by increasing exposure to adverse price movements and reducing their ability to capitalize on fleeting market opportunities.

Solution

PAX Markets provides a cryptocurrency exchange platform featuring patented co-location technology that enables zero-distance trading, ensuring instant order execution. The platform integrates AI-powered alpha models accessible via its λ API, allowing clients to leverage real-time price predictions for more informed trading decisions. PAX offers a unique "zero-fee + cash-back" model, providing rebates to all participants for both marketable and limit orders, thereby reducing trading costs and incentivizing liquidity provision. Revenue is generated through fees for access to the high-speed λ API, which is primarily utilized by market makers seeking a competitive edge.

Features

Patented co-location technology for zero-distance trading and instant order execution.

λ API providing direct access to exchange infrastructure for ultra-low latency.

AI-powered alpha models for real-time price predictions and algorithmic trading.

"Zero-fee + cash-back" fee structure with rebates for both taking and making liquidity.

Rebates ranging from 1.5 to 2.5 basis points (bps) depending on API combination.

Marketable orders receive a rebate when crossing with λ API orders.

Limit orders receive a rebate when crossing with λ API orders.

Fee structure designed to incentivize market makers and reduce overall trading costs for participants.

Target Audience

The primary target audience includes cryptocurrency market makers, high-frequency trading firms, and algorithmic traders seeking to minimize latency and optimize execution speed.

Revenue Model

PAX Markets generates revenue by charging fees for access to its high-speed λ API, which is essential for market makers and algorithmic traders requiring ultra-low latency.

Sources:

1
This profile is AI-generated from web data and may contain inaccuracies. Want to correct or remove an entry? Owners can claim edits via their company email domain, and signed-in users can submit sourced suggestions.