Paxos Crypto Brokerage Adds PENGU Token Support for Retail Platforms

The company says the integration allows PENGU to be listed across major retail trading platforms and exchanges serving more than 500 million users worldwide.

PENGU

Summary

Paxos Crypto Brokerage has added support for PENGU, according to the announcement provided. The move enables the token to be listed on major retail trading platforms and exchanges that, combined, are used by more than 500 million people globally. In practice, brokerage infrastructure support can help expand a token’s distribution by making integration easier for consumer-facing platforms.

Terms & Concepts
  • Crypto brokerage: A service layer that provides trading, custody, and asset access infrastructure for platforms offering cryptocurrency products to end users.
  • Token listing: The process of making a cryptocurrency available for trading on an exchange or retail investment platform.
  • PENGU: A cryptocurrency token referenced in the announcement as newly supported by Paxos Crypto Brokerage.