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# Paxos
ALL From Paxos
Nasdaq Says Institutional Appetite in Crypto Is Steady As It Plots Push Into Custody, Trading
Nasdaq is betting its established reputation will help it secure a strong place in the world of crypto.
Paxos Completes $7.9B Redemption of Binance USD (BUSD) in 32 Days
Blockchain and tokenization infrastructure platform Paxos announced that it has completed redemption of over $7.9B Binance USD (BUSD) in 32 days.
Paxos Completes $7.9B Redemption of Binance USD (BUSD) in 32 Days
Paxos will continue to support BUSD in circulation for at least one year.
Paxos Manages the Safe Redemption of $7.9B BUSD in One Month Without Market Disruption
All BUSD remains fully-backed 1:1 with USD cash & cash equivalents held in custody with the company’s NYDFS Trust, and Paxos will continue to support BUSD in circulation for at least one year.
Coinbase Lost $240M in Signature Bank Closure
Leading crypto exchange Coinbase disclosed it lost around $240 million in Signature Bank shut-down on Mar. 12.
Crypto Evening Briefing: Circle Says USDC Operations Unaffected by SVB, Signature Closures
The closure of Silicon Valley Bank and Signature Bank won’t affect Circle’s USDC operations.
Crypto Exchange Coinbase And Others Disclose Funds In Shuttered Signature Bank
Following the Signature bank crash, many top firms such as Paxos, Coinbase, and Celsius have revealed they had some funds tied up in them.
Binance, Tether, Paxos Say No Exposure to Silicon Valley Bank
Silicon Valley Bank was closed by the California Department of Financial Protection and Innovation.
Paxos Survey Shows 75% of Respondents ‘Confident’ in the Future of Crypto
A recent Paxos survey shows enthusiasm for cryptocurrency in the U.S. despite a volatile year for the burgeoning asset class.
Coinbase Delists Binance’s BUSD As Its Market Cap Shrinks by $6 Billion in Just 2 Weeks
Coinbase, has announced that it will suspend trading of Binance USD (BUSD) on March 13, 2023. The suspension will apply to Coinbase.com, Coinbase Pro, Coinbase Exchange, and Coinbase Prime.
