NYDFS Authorizes Paxos Trust Company to Add Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumen

NYDFS Authorizes Paxos Trust Company to Add Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumen

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Despite a recent market downturn, cryptocurrencies continue to make regulatory progress. Starting June 14, Paxos Trust Company will make Ethereum, Litecoin, Bitcoin Cash, and Stellar Lumens available for OTC trading on their itBit digital asset exchange. Early Bird Authorization by NYDFS Joining a short list of exchanges authorized to trade cryptocurrency, Paxos Trust Company was approved…