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PAX Markets

First exchange to operate from a single chip rather than datacenter. 30 nanosecond latency (1000x faster than competitors). Zero-fee crypto exchange. Y Combinator W25 batch. Founded 2024 by ex-Citadel Securities and crypto HFT traders.

Overview

Pricing Model
free

Products & Services

PAX Crypto Exchange

exchange

Zero-fee cryptocurrency exchange with cash-back on every trade, operating from a single chip

Free tier available Zero fees for all traders, +1.5 bps rebates
  • Zero trading fees
  • Cash-back rebates (+1.5 bps)
  • 30 nanosecond latency
  • Third-party custody
  • Off-exchange settlement
  • Lambda API for exchange-integrated trading
Learn more

Company Information

Legal Name
PAX Markets, Inc.
Headquarters
Menlo Park, United States
Primary Timezone
America/Los_Angeles

Founding

Founder
Benjamin Kilimnik
Background
Former HFT traders from crypto and traditional markets. Pete worked on ultra low-latency FPGA trading at Citadel Securities, was US Navy officer, participated in two exited startups (HICAMP acquired by Intel, Pixie acquired by New Relic)

Competitive Analysis

Proposition: First exchange operating from single chip - 1000x faster than competitors (30 nanoseconds vs 30 microseconds)

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