About PAX Markets
PAX Markets is a centralized digital-asset exchange offering spot and derivatives trading with market and asset-management interfaces. It serves users who want a custodial trading experience, supporting fiat on-ramps and withdrawals.
It targets newcomers' need for simple operation and smooth fiat on-ramps by using centralized matching to lower the barrier. Its core mechanism rests on an order-book matching engine and tiered risk controls, with funds custodied by the platform and split between hot and cold storage. It is a CEX emphasizing trading and clearing within a compliant framework. Matching and risk control happen in one system so the path from order to fill stays simple and consistent for users, while custodial design puts key and asset safety under unified platform care.
PAX Markets charges no trading fee on the free tier, with maker rebates capped at 0.25 bps and normally equal to one half of the fee paid by the λ counterparty.
PAX Markets charges λ-tier makers one quarter of the spread at fill, capped at 2 bps, a flat 0.5 bps taker fee, and opt-in λ priority tiers priced at 1.0, 1.5, 3.0, and 4.5 bps.