Paxful, a peer-to-peer bitcoin marketplace, formally announced a strategic partnership with OKEx over fiat-to-crypto conversions and payment capabilities.
What Does It Mean? As part of the development, OKEx users will be allowed to buy bitcoin with over 160 fiat currencies, as well as access gift cards, online wallets, domestic wire transfers, and more.
“At Paxful, one of our goals is to help grow the crypto community. We admire OKEx’s work and know that our values and strategy are aligned. With this partnership, we hope to continue to build up the ecosystem together and make crypto more accessible as a real-world payment method,” said Ray Youssef, CEO, and co-founder at Paxful.
Additionally, Paxful customers will be granted access to OKEx spot, margin, options, and futures trading.
“We’re delighted to partner with Paxful and share very similar goals about onboarding more people to cryptocurrency. Through this partnership, we can reach more users in developing regions using Paxful’s existing infrastructure and payment options and give them exposure to the benefits of OKEx’s advanced technology and diversified product suite. This is a great step forward for us and the crypto space in general,” said Jay Hao, OKEx CEO.
To learn more about democratized access to cryptocurrencies, click here.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
