Bringing the crypto payments ecosystem around the world: Ray Youssef

“I was nearly killed by the police, who saw me wandering through the city thinking I’m a looter.” Ray Youssef discusses his close calls and crypto adoption. Though he has had 11 business failures, today Ray Youssef is building Bitcoin-funded schools across Africa as executive director of the Built With Bitcoin Foundation and is helping millions of people buy and sell cryptocurrency as CEO of Paxful.

Paxful Pay Is an “Invisible Bridge to Bitcoin,” Says Cofounder

“We think this is going to enable four billion people more to be part of e-commerce,” says Artur Schaback.

Nigeria’s Cryptocurrency Traded Volumes on P2P Platform Top $1.5 Billion

According to Paxful, a peer-to-peer trading platform, Nigeria’s cryptocurrency traded volumes on the platform topped $1.5 billion in the first four months of the year 2021.

Nigeria Hits $1.5 Billion in P2P Trading Volume Despite Crypto Trading Ban

Despite the recent crypto ban in the country, Nigerians continue to remain bullish and have traded $1.5 billion on Paxful.

Paxful Addresses Security Breach Rumors And Says Customer Data Is Safe

Paxful has downplayed the significance of a data breach that saw the private information of 4.8 million of its customers accessed online, saying that the information is fake.

Paxful denies reports of customer data leak

A spokesperson from the crypto trading platform clarified that no leaks pertained to sensitive customer info. An anonymous online source was recently spotted trying to sell private customer and employee data allegedly obtained from crypto exchange Paxful.

Paxful CEO Denies Rumors of Data Breach at Bitcoin Exchange

An alleged stolen database of Paxful user data has been making the rounds on an online marketplace, Raid Forums.

Paxful Is Integrating Bitcoin Lightning Payments

Peer-to-peer exchange Paxful is following the likes of Bitfinex, Kraken and OKCoin in adding support for Lightning.

Bitcoin ‘Can’t Be Stopped’: Nigerians Look to P2P Exchanges After Crypto Ban

Some Nigerians plan to continue using bitcoin (BTC) and other cryptocurrencies despite a directive issued by the Central Bank of Nigeria (CBN) last week ordering banks to close down accounts associated with cryptocurrencies.

Paxful Celebrates the Real Reasons People Use Bitcoin Everyday With #BitcoinForAll Giveaway

Paxful, one of the largest peer-to-peer cryptocurrency marketplaces in the world, is celebrating the real reasons people use bitcoin everyday with a special $15,000 giveaway.

‘No Middle Ground’: Inside Colombia’s Race to Become A Major Regional Crypto Market

In 2020, Colombia saw a major boost in crypto use, both as a store of wealth and as a means of transaction.

Kenya Expects to Earn $46 Million as New Tax Targeting Crypto Exchanges Comes Into Force

The Kenya Revenue Authority (KRA) is expecting to earn up to 5 billion Kenyan shillings ($45.5 million) during the first half of 2020 from a new tax that targets cryptocurrency exchanges and other online services, according to a top KRA official.

Localbitcoins Trader Facing up to 40 Years in Prison Over Bitcoin Fraud Schemes

A trader on Localbitcoins and Paxful has pleaded guilty to charges in connection with a couple of bitcoin scams.

Nigeria Is Paxful’s Second Biggest P2P Bitcoin Market, Trades Top $566 Million in Five Years

Nigeria, Africa’s biggest economy and most populous nation, traded more than $566 million worth of bitcoin between 2015 and 2020, making it the world’s second-largest peer-to-peer (P2P) bitcoin market after the US, which traded $3.75 billion in the period under review.

Kenyans Can Now Buy and sell Crypto Through Paxful’s P2P Marketplace

Paxful has partnered with Kenya-based remittance network BitLipa to allow users to buy and sell bitcoin and the tether stablecoin.

Banks That Don’t Enter Bitcoin and Crypto Industry Will Be Left in the Dust, Says Paxful CEO Ray Youssef

Paxful CEO and co-founder Ray Youssef says banks will have to support cryptocurrency if they want to remain relevant in the new economy.

Paxful to Boost Financial Inclusion with Its First Crypto Debit Card

Bitcoin trading platform Paxful announced that it will be adding a crypto debit card to its financial services.

Crypto exchanges Coinbase, Gemini and others to fight human trafficking

Major crypto exchanges Coinbase, Paxful, Gemini, and Bitfinex have joined the Anti-Human Trafficking Cryptocurrency Consortium, or ATCC, a nonprofit which works with crypto exchanges, blockchain analy The post Crypto exchanges Coinbase, Gemini and others to fight human trafficking appeared first on AMBCrypto.

Coinbase, Gemini and others join forces to combat human trafficking

Leading exchanges are tracing suspicious crypto transactions to combat human trafficking Cryptocurrency exchanges Coinbase, Paxful, Gemini and BitFinex have all joined the Anti-Human Trafficking Cryptocurrency Consortium, or ATCC.

Paxful to Roll Out Crypto Debit Card for US Customers

The peer-to-peer digital asset marketplace is launching a Visa card, starting in the US market.

Google searches for Bitcoin are on the rise in Cuba

Cubans are interested in Bitcoin as other major digital payment options like PayPal are unavailable. Cuba is apparently seeing an influx of Bitcoin (BTC)-related activity as Bitcoin interest is on the rise in the country. According to data from Google Trends, Cuba now ranks second in terms of Bitcoin interest over the past 30 days.

Paxful launches crypto debit card in Mexico

The debit card was made possible thanks to an alliance with a Spanish neobank Bitcoin (BTC) P2P marketplace Paxful has partnered with Spanish neobank Bnext to launch its first crypto debit card in Mexico. The partnership will allow Paxful’s Mexican customers to use their crypto funds to pay with a debit card in any national and foreign point-of-sale, or PoS, and even withdraw cash from ATMs without fees. Bnext customers will also have direct access to the P2P marketplace to buy and sell crypto.

Attack of the bots! Paxful fights off thousands of automated threats

Bad actors allegedly tried to brute force their way into accounts belonging to Paxful's users in an ongoing series of attacks. Paxful, a peer-to-peer cryptocurrency marketplace, has successfully defended against a number of serious threats, including 220,000 bot attacks and a variety of social engineering ploys — all in the span of two months. During the same time period, hackers managed to steal around $200 million worth of cryptocurrency from the KuCoin exchange, and another unconnected attack saw $5.4 million stolen from Eterbase. Paxful said that its alleged attackers attempted to use automated bots to brute force their way into accounts belonging to the project's users: “Bots, which are reported to generate about a quarter of global Web traffic, are de facto programs that emulate the actions of a real device for the purposes needed.

Weekly P2P Volume Up USD 64M in 5 Years, Fuelled by Gift Card Purchases

Global peer-to-peer (P2P) crypto trading volume has seen huge developments in the past five years, growing by more than USD 60m, with a significant driver being Paxful exchange, whose users are keen on using gift cards as the preferred payment solution on the platform, states the latest research report by Arcane Research.

Traders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week

A new report has found almost half of all Bitcoin traded on the P2P exchange Paxful is exchanged for gift cards. A report published by Arcane Research has revealed that nearly half of Paxful’s trade volume comes from trade between Bitcoin (BTC) and gift cards. The report found that, “purchasing Bitcoin with gift cards has been the preferred solution on Paxful each month throughout the five-year span analyzed,” and in June accounted for 48% of Paxful’s volume. Paxful processes nearly $40 million in weekly trade, which means up to $20M of BTC is exchanged for gift cards every week.

Crypto P2P adoption in Middle East stymied by politics and tech

Data published by Arcane Research suggests that major P2P crypto platforms have struggled to take off in Iran and Lebanon. Data published by Arcane Research suggests that despite demand for peer-to-peer crypto trading platforms in the middle east, regulations and lack of infrastructure is slowing down adoption.  But undocumented migrants in western countries have been making use of these platforms to send money back home. According to an October report from the firm, peer-to-peer crypto trading volume, or P2P, across the Middle East and Northern Africa is roughly 15% what it was in late 2017 on major platforms LocalBitcoins and Paxful — or roughly $682,000 a week.

Paxful Fended Off 220,000 Bot Attacks in Just Two Months

Crypto companies are under siege from bot attacks, with Paxful revealing that it defended against over 200,000 such attacks in just two months.

Paxful Brings its Fiat-Crypto Channel to Bithumb

Bithumb customers will be able to buy cryptocurrencies using over 300 payment methods supported by Paxful.

Foreign Crypto Exchanges Like Paxful, Binance to Pay 1.5% Tax Under Kenya’s New Regulations

The Kenya Revenue Authority (KRA) has clarified that its planned digital service tax (DST) will be applicable to cryptocurrencies at a rate of 1.5% on gross transaction value, local media reported.

Twitter's Jack Dorsey urges Bitcoin donations to fight police brutality in Nigeria

The CEO of Twitter and Square has urged Bitcoiners to join the fight to end the Special Anti-Robbery Squad (SARS) in Nigeria The CEO of Twitter and Square, Jack Dorsey, has urged his followers to donate Bitcoin to the #endSARS cause, which aims to end police brutality in Nigeria. Donate via #Bitcoin to help #EndSARS https://t.co/kf305SFXze— jack (@jack) October 14, 2020 The crypto donation site he linked to is run by a group of Nigerian feminists fighting against the police’s Special Anti-Robbery Squad (SARS) through protests, fundraising, and social media. A series of demonstrations began in Nigeria on October 4 with thousands taking to the streets to protest against police brutality in Nigeria and call for the disbanding of SARS, with the #endSARS hashtag trending. Various crypto startups like BuyCoins and Busha have also donated to the cause. Ray Youssef, CEO of Peer-to-peer Bitcoin marketplace Paxful, which is popular across Africa, also embraced the #endSARS hashtag, accusing police of unfairly targeting young people for using cryptocurrency.

Paxful, Turkey-Based BiLira, Cointral to Expand Crypto Offerings in Eastern Europe

Paxful said the partnerships will allow users to trade bitcoin and tether using a lira-backed stablecoin.

Paxful Users Convert $1.5 million in Bitcoin to Tether in Weeks

The Paxful peer-to-peer trading platform added Tether support just three weeks ago.

Booming African crypto adoption drives concerns over regulation

African crypto adoption has exploded in 2020, prompting fears of a heavy-handed regulatory response 2020 has seen an acceleration in African crypto adoption, with the continent emerging as the second-largest region for peer-to-peer (P2P) trading, and two African nations ranking in the top eight of the Chainalysis crypto adoption index. However, the booming growth has caught the attention of Africa’s financial regulators, sparking concerns that a rush to introduce heavy-handed oversight could quell innovation in the local crypto industry. Nigeria has led the continent’s growth in 2020, posting weekly P2P volumes of between $5 million to $10 million, followed by Kenya and South Africa with between $1 million and $2 million a week each. Speaking to Cointelegraph, a representative of top P2P exchange Paxful stated that Africa has been its strongest growing region in 2020, noting there was also dramatic growth in smaller economies like Ghana, and Cameroon. Centralized exchanges have also reported a spike in trade activity, with Luno reporting $549 million worth of combined volume from Nigerian and South African customers last month — a 49% increase compared to the start of 2020.

Decentralized Trading Platform Grows 230% in 2 Days As Paxful Left Venezuela

The decision of Paxful to leave Venezuela's market has left some doors open, and companies are already taking advantage. The post Decentralized Trading Platform Grows 230% in 2 Days As Paxful Left Venezuela appeared first on CryptoPotato.

Paxful breaks ground on Nigerian school in #BuiltWithBitcoin initiative

The P2P marketplace continues its push to highlight the benevolence and positive nature of the Bitcoin community. Peer-to-peer cryptocurrency marketplace Paxful announced Sept.

Paxful Announces Fourth “Built With Bitcoin” School, in Nigeria 

Bitcoin marketplace Paxful is now four schools closer to its ambitious target—with 96 more to go.

Paxful Shuts Down Operations in Venezuela, Cites OFAC Sanctions

The people of Venezuela received another bad blow as the popular cryptocurrency platform Paxful blocked users from the country. The post Paxful Shuts Down Operations in Venezuela, Cites OFAC Sanctions appeared first on CryptoPotato.

P2P Bitcoin Exchange Paxful Shuts Down Venezuela Operations to Comply With US Sanctions

Peer-to-peer (P2P) crypto exchange Paxful is shutting down its operations in Venezuela, apparently, to comply with US economic sanctions against the leftist government of disputed president Nicolas Maduro.

Venezuelans are running out of crypto P2P trading options

What will happen to foreign P2P marketplaces operating in Venezuela? Due to the regulations and sanctions related to the US Office of Foreign Assets Control, or OFAC, Paxful announced that they will no longer provide services in Venezuela, according to an announcement on September 14. In a statement sent to Cointelegraph, Paxful’s CEO, Ray Youssef, commented that they’ve tried for several months to find a way to maintain their operations in Venezuela, but “with current risks, we had no choice but to make this incredibly difficult decision.”  Ray also told Cointelegraph how the wind down of his company’s services will work:  “The roll-out of our impending closure in Venezuela will begin with restricting new account creation in the country and the closure of any existing accounts.

Blockchain Bites: MicroStrategy’s BTC Buy, Bitmain’s Power Struggle, Paxful’s Goodbye

MicroStrategy has bought even more bitcoin, Paxful is pulling out of Venezuela and the Bitmain power struggle appears to have found a short-term solution.

Venezuelan Crypto Users Worried as Trading Options Become Limited

Venezuelans are increasingly finding their options slowly reducing when it comes to choosing crypto trading platforms, with many taking to Twitter to vent their fears and frustrations. Late on September 14, the peer-to-peer crypto exchange Paxful announced it was exiting the country, stating on Twitter that “regulations and sanctions related to the Office of Foreign Assets

Paxful Exits Venezuela’s P2P Crypto Bitcoin Market Following US Sanctions

Paxful has withdrawn its crypto trading services from Venezuela after the country was classified as high-risk by the Office of Foreign Assets Control (OFAC).

Bitcoin Exchange Paxful Exits Venezuela, Citing US Sanctions

Paxful said goodbye to its Venezuelan users, claiming it was too risky to keep offering services within the South American country.

Paxful, Citing Regulations and Its Own ‘Risk Tolerance,’ Exits Venezuela’s P2P Bitcoin Market

The exit deprives Venezuela's crypto scene of its second-largest P2P exchange.

Russia's crypto law is a mixed bag, according to industry execs

Crypto businesses are unsure how to react to new regulations in the Russian Federation. Russia’s new cryptocurrency-related law, “On Digital Financial Assets,” or DFA, seems to have had little impact on the local cryptocurrency industry so far. In its current form, the DFA law essentially provides legal status to digital assets like Bitcoin (BTC), but prohibits their use for payments in Russia. As the DFA law is poised to be officially adopted in less than four months, Cointelegraph talked to major crypto firms operating in Russia to get their take on how the new law can impact their business.  Based on comments from executives at companies like Binance, Waves, Paxful, LocalBitcoins, and Wirex, companies aren't exactly scrambling to adapt to the new law, largely due to its ambiguous language. Many in the industry don't understand the new law Anton Kozlov, head of the Russian market at Paxful, said that the DFA law has caused a lot of confusion.

Paxful Crypto Peer-to-Peer Marketplace Expands Beyond Bitcoin with Tether USDT Stablecoin

Paxful, the leading peer-to-peer Bitcoin trading platform, announced that it will be adding stablecoin Tether to its crypto payment options.

Bitcoin Marketplace Paxful Adds Supports for Tether

Paxful already accepts Bitcoin as a payment method.

Global P2P trade volume plummets amid crypto crash

While many centralized exchanges benefited handsomely from the recent sell-off, P2P trade on Paxful dropped by almost 50% this week. The recent crypto market slump has driven massive trade volumes on centralized exchanges, but peer-to-peer (P2P) trading platforms actually saw a sharp decline in activity. Latin-America was the only region to buck the trend. The top region for P2P trade, the United States, posted a 42% slump in peer-to-peer volume this week — plummeting from $23.4 million to nearly $13.6 million. Sub-Saharan African has been the second-largest region for P2P trade after North America for much of 2020.

Paxful Research Reveals How Nigerians Are Fighting Devaluation of Native Currency Naira with Bitcoin

The current pandemic has led to a devaluation of Nigeria’s native currency Naira and affected how cryptocurrency trades are conducted in the country.

Argentines Turn to Bitcoin to Protect Funds During Crisis: Survey

A Paxful survey revealed that Argentineans view Bitcoin as a good way to protect assets.

Argentina Believes in Bitcoin and Cryptocurrency as Most Effective Hedge Against Inflation, Paxful Survey

Over 70% of Argentines see cryptocurrency, particularly Bitcoin as the most effective way to hedge against inflation and store financial value (Read More)

Indian crypto P2P market size triples despite regulatory uncertainty

In addition to the Indian P2P market surging in recent months, the country’s DeFi sector has been gaining momentum.

P2P Cryptocurrency Exchanges in Africa Pivot: Nigeria and Kenya the Target Markets

Leading cryptocurrency exchanges are bullish about Africa’s growth prospects as evidenced by their ongoing forays into the continent.

Journeys in Blockchain: Ray Youssef of Paxful

“How advanced would the United States be if you couldn’t send money from New York to Florida? From New York to California? From Oregon to Washington? It wouldn’t be the United States! It would be a mess of all these squabbling little city-states that can barely get it together.” Im coining this term right here, right now, Ray Youssef declares.

Global P2P Bitcoin Trading Volume at Highest Point Since Jan. 2018

The global P2P markets are pumping, with numerous African and Latin American markets touching new all-time highs for volume. Combined global peer-to-peer (P2P) Bitcoin trading volumes have surged to their highest levels since January 2018, with nearly $95 million worth of Bitcoin (BTC) changing hands on Localbitcoins and Paxful in the first week of August. The spike comes as many Latin American markets have seen trade activity rally into new highs over recent weeks, with the Bitcoin P2P markets in Argentina, Mexico, Chile, Bolivia, Honduras, Paraguay, Uruguay and The Bahamas all posting record highs since the start of July. Venezuelan trade still represents the lion’s share of Latin America’s nearly $13 billion in weekly P2P trade, posting more than $5 million in volume for two consecutive weeks.

Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year.

Twitter Hack Shows That Crypto Is Easier to Investigate Than Fiat, Say Industry Law Experts

A panel of compliance experts from the crypto industry agreed that law enforcement and institutional finance have been hearing more positive narratives about crypto. During an Aug.

Where FATF Crypto Compliance Gets Interesting: Africa

Crypto businesses seeing strong growth across the 54-country continent are working hard to meet the FATF's anti-money laundering standards.

Bitcoin Trading Is Booming in Uncertain Russia, With 350% Spike in New Users on Paxful

Bitcoin trading is growing in Russia.

Russian Interest in Paxful’s P2P Platform Surges 350%

Paxful has released data showing growing usage of its peer-to-peer trading platform in Russia. Data from Bitcoin (BTC) marketplace Paxful shows a huge surge of interest in cryptocurrency peer-to-peer trading in Russia, with 350% growth on a year-over-year (YoY) basis. According to the study, from the period of May 2019 to May 2020, Paxful is now seeing an average monthly trading volume of $4M in Russia.

Bitcoin trading is booming in Russia, says crypto exchange Paxful

Bitcoin exchange Paxful reports a 350% increase in users from Russia, registering month-over-month all-time highs since the start of the coronavirus crisis in March.

Paxful Chips Away at LocalBitcoins’ Russian P2P Market Dominance

Paxful’s year-old foray into Russian crypto markets is paying off for the peer-to-peer exchange.

Bitcoin exchange Paxful posts record volumes amid tumultuous 2020

The financial crisis of 2020 hasn't hurt P2P Bitcoin exchange Paxful.

Charlie Shrem TLDL: Ray Youssef and Crypto’s Role in Africa

Ray Youssef joins Charlie Shrem to discuss Paxful's mission in Africa, the liberating power of crypto and the unfairness of the African franc.

Emerging Markets Drive Paxful First Half 2020 Bitcoin Volume to $1.1 Billion

Peer-to-peer (P2P) crypto exchange Paxful reported Tuesday that its bitcoin trading volumes climbed 35% to $1.1 billion during the first six months of 2020 compared to $817 million a year ago.

Paxful Reaches the $4.6B Milestone in P2P Bitcoin Trading Volume

Peer-to-peer Bitcoin trading platform Paxful crossed the $4.6 billion trading volume threshold as the company is entering its fifth year. Peer-to-peer Bitcoin (BTC) marketplace Paxful announced on July 14 that its platform has witnessed another surge in trade volume, hitting the $4.6 billion mark and reaching over 4.5 million wallet registrations. Paxful is also forecasting an additional two million users by the end of 2020, as the company is entering its 5th anniversary. Emerging markets play a large role  Ray Youseff, the CEO of Paxful, noted that emerging markets in developing nations are a major factor in the platform's recent growth.  He said, "When you look at our data, in Africa, Nigeria, Ghana, and Kenya lead in terms of volume this year.

Food and Cash Shortages Push Cubans Toward Permissionless Cryptocurrencies

The Nation of Cuba is dealing with a national food crisis, as Venezuela has stopped offering aid to the small island nation.

Localbitcoins 2019 Revenue Rises 10% to $29.6 Million Amid Increased Paxful Competition

Peer-to-peer (P2P) crypto exchange Localbitcoins has reported that 2019 revenue rose 10% to $29.6 million from $27 million a year ago.

LocalBitcoins Revenue Up 10% Despite KYC Impacting Market Share

LocalBitcoins reported a 10% increase in annual revenue for 2019 despite the platform's KYC overhaul impacting trade volume on the platform. Veteran peer-to-peer (P2P) crypto marketplace LocalBitcoins has reported annual revenue of nearly $29.5 million for 2019. The revenue comprises a roughly 10% increase over 2018’s $26.9 million, however, the firm also noted a 6% drop in annual operating income to $19.8 million. LocalBitcoins’ staff also expanded significantly last year as the platform strengthened its know-your-customer (KYC) requirements in the third and fourth quarters of last year, with the firm’s headcount increasing from 26 to 43. LocalBitcoins stifles illicit activity “2019 was an invaluable learning experience for us, as we implemented anti-money laundering and know-your-customer (KYC) regulations," said LocalBitcoins chief executive Sebastian Sonntag.  "As expected, undesired activity was driven away from the platform and the implementation of KYC itself was a challenging process.

Bitcoin exchange LocalBitcoins revenues up, despite losing ground to Paxful

The Finnish peer-to-peer Bitcoin exchange had its fair share of problems last year—but it is still growing.

American Pundi X Merchants Can Now Sell Crypto Via PayPal

As the crypto community’s anticipation for PayPal’s exploration into crypto grows, Pundi X has integrated the payments processor for its point-of-sale devices. Singapore-based blockchain firm Pundi X has integrated PayPal support for its point-of-sale device ‘Xpos.’  PayPal is the first mobile payment gateway to be integrated onto Xpos, and users from more than 30 countries can now accept funds via the payments processor. The integration will take place over two stages, with US-based merchants who use Xpos able to apply for PayPay-based keyed transactions from July 1. A PayPal app is expected to be integrated onto all Xpos devices within two weeks — completing the roll-out. 70% of Xpos users request Paypal support Pundi X decided to launch the integration after conducting a Twitter poll asking followers which mobile payment app they would like Xpos to support first. PayPal received almost 70% of votes, beating out WeChat Pay, Alipay, and GoPay, among others. The integration brings credit card payments to Pundi X’s point-of-sale system, and allows cryptocurrencies to be purchased via PayPal from supporting Xpos merchants. Pundi X chief executive and co-founder Zac Cheah emphasized that integrations with leading global firms such as PayPal will help drive adoption blockchain-based services and products outside of the crypto community: “To be able to support a leading online payment provider in our XPOS devices can give people more confidence in using them, and can move usage of blockchain technology closer to the mainstream." PayPal loves crypto all of a sudden After shunning cryptocurrencies for a decade, recent job listings for blockchain engineers responsible for “new initiatives” at PayPal global appear to support rumours it will soon offer cryptocurrency sales to users.  PayPal payments are only supported by a handful of crypto exchanges, such as peer-to-peer marketplaces Localbitcoins and Paxful. Last week, KuCoin’s P2P

Paxful ‘Flippens’ LocalBitcoins As The Largest P2P Bitcoin Marketplace

Bitcoin (BTC) peer-to-peer (P2P) trading market went through a historical week, as Paxful has surpassed LocalBitcoins in weekly trading volume for the first time in P2P trading history. According to data provided by Coin.dance, Paxful is now the leading Bitcoin P2P marketplace in terms of global weekly trading volume.

Paxos ‘Flippens’ LocalBitcoins As The Largest P2P Bitcoin Marketplace

Bitcoin (BTC) peer-to-peer (P2P) trading market went through a historical week, as Paxful has surpassed LocalBitcoins in weekly trading volume for the first time in P2P trading history. According to data provided by Coin.dance, Paxful is now the leading Bitcoin P2P marketplace in terms of global weekly trading volume.

Have Paxful's African ventures pushed it ahead of LocalBitcoins?

The global trading volume of cryptocurrencies did note an impact of the COVID-19 pandemic as the market capitalization shrunk from $307 billion, 2020's peak, to a low of $151 billion immediately after The post Have Paxful's African ventures pushed it ahead of LocalBitcoins? appeared first on AMBCrypto.

OKEx Paxful Join Hands to Promote Crypto Adoption

The popular cryptocurrency derivatives and spot trading platform, OKEx has entered into a strategic partnership with Paxful, leading P2P Bitcoin marketplace to promote cryptocurrency adoption.

OKEx Taps Paxful to Provide New Fiat-to-Crypto Onramps

OKEx is partnering with Paxful, adding more than 160 fiat currency onramps to its crypto exchange business.

Peer-to-Peer Bitcoin Marketplace Integrates With Major Exchange OKEx

Major cryptocurrency exchange OKEx is integrating Paxful’s Kiosk and trading services into its platform. Peer-to-peer Bitcoin (BTC) marketplace Paxful is integrating its platform with major cryptocurrency exchange OKEx. According to an announcement on June 15, the partnership will offer several payment methods for OKEx users through Paxful’s Kiosk to buy Bitcoin with over 160 fiat currencies, together with bank transfer, gift cards and online wallets, among others. Paxful customers will be able to access different trading options such as spot, margin, and futures trading, as well as the derivatives markets through OKEx's decentralized platform, DEX.