Paxful Opens Bithumb Liquidity Gateway
Paxful Opens Fiat Gateway for Bithumb Users
Bithumb customers now have about 300 new ways to buy cryptocurrencies
Previously Bithumb was in the spotlight due to scandal with fraudulent activities
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Paxful, a peer-to-peer cryptocurrency exchange service, has announced a partnership with the major South Korean exchange Bithumb
Paxful, an American peer-to-peer cryptocurrency exchange, has partnered with cryptocurrency exchange Bithumb. The company announced this in an official press release..
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As part of its partnership with Bithumb, Paxful will provide exchange users with a fiat gateway with over 300 different ways to buy cryptocurrencies. The company hopes the collaboration will expand adoption, scalability and actual uses of the cryptocurrency ecosystem.
Paxful Co-Founder and CEO Ray Yousef believes the partnership signals progress “towards a truly global economy.”.
“Paxful is proud to join forces with another industry leader to remove barriers to global transactions and make financial services accessible to all,” added the head of the site..
The partnership with Bithumb comes a month after the scandal surrounding the cryptocurrency exchange. In early September, Seoul police summoned Bithumb chairman Lee Jong Hoon for questioning on suspicion of $ 25 million in fraud..
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At the end of September, Paxful announced the launch of peer-to-peer transactions on the Tether (USDT) stablecoin. Starting in October, all verified users can protect their funds from fluctuations in the bitcoin rate and trade in a pair with USDT.
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