Cosmos Surges 3.23% Amid Paxos Integration News

Cosmos (ATOM) has seen a significant surge in price over the last 24 hours, with a gain of 3.23%.

The main driver behind this move is news of an integration between Cosmos and Paxos, a regulated infrastructure provider for financial and fintech firms.

This integration will allow ATOM to be integrated into regulated brokerage and custody rails, giving it easier access for institutional-style capital and higher perceived legitimacy.

The news has also been accompanied by short-term speculative flows around a highlighted NFT mint on September 7 and well-advertised intraday trading setups.