Fondo · Feb 2026
Fondo covered PAX's launch, repeating claims about single-chip exchange infrastructure, 30 ns tick-to-trade latency, and zero-fee + cash-back economics.
More 𝛼, less latency: exchange and HFT on one chip.
Public company, workplace, funding, and market signals
PAX Markets is an early-stage, founder-led crypto exchange technology company building an "exchange on a chip": a hardware-accelerated venue and λ API for ultra-low-latency digital-asset trading, with zero-fee / cash-back economics for most flow and paid speed access for algorithmic clients.
Primary product
Exchange on a chip for crypto trading (PAX λ API + hardware-accelerated exchange)
Founded
2024
Headquarters
Menlo Park, California, United States
Team size
1-10
Industry
Capital Markets
Sub-industry
Cryptocurrency exchange / digital asset ATS
Offices
0 jobs at PAX Markets
Check back later for new openings
Business model
Stage
seed / pre-seed
Total raised
$500K
Latest round
Seed · Jul 2025
Leadership
Co-Founder & CEO
Co-Founder & CTO
Chief Compliance Officer
Fractional Chief Operating Officer
Founding Software Engineer
Founding Software Engineer
Founding Principal Hardware Engineer
Founding Principal Software Engineer
Investors
Highly technical and market-structure driven; the company emphasizes curiosity, fast learning, trading-system expertise, and experience across low-latency software, hardware, and crypto markets.
Compensation
Public YC job postings show founding engineering roles in Redwood City with salary bands around $150K-$225K and equity grants around 0.25%-1.00%.
Pricing
Zero-fee/cash-back trading for most orders, plus fee-based access to the λ API for speed-sensitive users.
Differentiators
Technology
Customers
Competitors
Estimated revenue
$250K-$500K (estimated)
Estimated monthly visits
1.6K
Fondo · Feb 2026
Fondo covered PAX's launch, repeating claims about single-chip exchange infrastructure, 30 ns tick-to-trade latency, and zero-fee + cash-back economics.
CoreNest Capital / GlobeNewswire · Jul 2025
CoreNest said Pax Markets was included in a new investment round and described it as a hardware-accelerated ATS offering zero-fee and ultra-fast trading.
Tekedia · Jun 2025
Tekedia featured Pax Markets as its portfolio startup of the month and reiterated the company's zero-fee, cash-back, exchange-on-a-chip positioning.
Tekedia · May 2025
Tekedia announced support for Pax Markets and described its plan to use fee-based API access to subsidize zero-fee, cash-back trading.
PAX Markets · Jan 2025
PAX Markets promoted its presence at Consensus Hong Kong 2025 and linked the event to its exchange and trading platform launch efforts.