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PAX Markets

ActiveHiring

More 𝛼, less latency: exchange and HFT on one chip.

W25·Winter 2025·Fintech·Redwood City, CA, USA·Team of 6·Founded 2024

About

PAX is a new crypto CEX that delivers more 𝛼 with its in-silicon exchange and HFT technology. The PAX exchange integrated on-chip λ API provides deterministic nanosecond tick-to-trade latency. HFT λ traders experience non-adverse counterparty selection by pairing with free-tier traders who access PAX using our zero-cost & always rebated legacy API. Using our patented technology, PAX is building a new generation of exchange co-lo facilities that unite HFT with exchange and monetizing by vertically integrating exchange and platform technology as one.

Founders

  • Pete Stevenson· Founder / CEO

    CEO at PAX. High frequency crypto trader. Ultra low-latency FPGA trading at Citadel Securities. U.S. Navy officer, nuclear powered fast attack submarine. Participated in two exited startups: HICAMP acquired by Intel and Pixie acquired by New Relic. Ph.D., Stanford, electrical engineering. B.S. U.S. Naval Academy.

  • Benjamin Kilimnik· Founder

    CTO at PAX. High frequency crypto trader. Smart contract trader. Cryptography and systems researcher at Brown. Distributed systems software at New Relic. Privacy engineer at Pixie Labs, startup exited to New Relic. B.S. Brown University, computer science.

Product launches · 1 launch

Change history · none recorded

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