Peer-to-Peer Crypto Marketplace Paxful Removes ETH From Platform
Peer-to-peer bitcoin (BTC) marketplace Paxful has removed ether (ETH) from its platform, with CEO Ray Youssef describing it as "essentially a digital form of fiat." Source
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Paxful
Paxful CEO preaches Bitcoin self-custody, advises against crypto exchange
The case for self-custody grows stronger as investors demand evidence of their assets over crypto exchanges. While some CEOs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self-custody as he took responsibility for
Read MoreTraders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week
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
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