PAX Markets, Inc.
Faster markets, better incentives.
HQRemote
Team Size5
Open Jobs1
Total Funding$500K
Latest Fundraise8 months ago
Faster markets, better incentives.
Headquarters: Menlo Park, California
Product: Cryptocurrency exchange with patented "λ API" (hardware-accelerated, co-location on a chip)
Fee model: Zero-fee retail trading with cash-back rebates; revenue from paid λ API access
Founders: Pete Stevenson (Co‑Founder & CEO), Ben Kilimnik (Co‑Founder & CTO)
Employees (approx.): 5
Recent funding: Seed round (Jul 7, 2025); total reported funding $500,000
Digital asset exchange infrastructure and low‑latency trading
2024
Cryptocurrency exchange / digital asset infrastructure
“Backed by Y Combinator and CoreNest Capital (three investors reported)”