Paxos to power crypto exchange function for Uruguay digital money app Prex

Paxos, a bitcoin & crypto exchange service company, announced today that Prex, a popular Uruguay-based digital money app with a prepaid card, will soon offer cryptocurrency buying, selling, and holding capabilities for their 700,000 Uruguayan users, and will be powered by Paxos Crypto Brokerage solution.

Shortly, Prex users will be able to add money to their account, and once funded, Prex will enable its customers to buy Bitcoin, Ethereum, Bitcoin Cash, Litecoin, and PAX Gold through its app; on Google Play or Apple’s App Store; with additional markets coming in 2022.

“With Paxos Crypto Brokerage, Prex was able to integrate Paxos APIs into their platform. Prex knows their customers’ needs best, so they manage the customer interactions while Paxos manages the crypto markets and custody on the back end. Because Paxos is a regulated solution that operates with the highest standards for operation, Prex was able to reassure its regulators that its new features could be trusted by all Uruguayans.”
– The Paxos Team

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