Sibex Taps Paxos’ Gold-Backed Token to Facilitate OTC Trading

Sibex Taps Paxos’ Gold-Backed Token to Facilitate OTC Trading

Sibex, the Zug-based provider of a decentralized cryptocurrency-trading platform, has teamed up with stablecoin issuer Paxos to facilitate peer-to-peer OTC trading using its bullion-backed crypto asset (Pax Gold). Sibex users can now hedge themselves against the volatility of other crypto assets while benefiting from a regulated investment tool and exposure into gold assets.