In brief
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$119,834.00
1.46%$3,643.25
6.27%$3.53
12.19%$744.05
3.85%$183.93
6.65%$0.999901
0.00%$0.24244
15.28%$3,632.33
5.89%$0.872523
13.41%$0.329953
6.02%$46.37
-0.43%$119,689.00
1.41%$0.490422
5.16%$4,400.19
6.48%$4.10
2.93%$18.77
11.31%$0.278098
15.71%$532.37
7.73%$24.68
9.47%$3,908.45
6.49%$0.00001551
8.37%$3,649.05
6.23%$109.34
11.70%$8.94
1.71%$3.30
4.09%$4.56
9.20%$0.999787
-0.01%$1.00
-0.04%$45.88
1.61%$10.62
18.93%$336.85
-0.11%$119,905.00
1.44%$0.0000141
4.89%$5.07
8.42%$1.002
0.05%$332.33
2.98%$428.05
-0.11%$0.121852
13.04%$3.01
10.08%$5.51
6.62%$23.17
16.97%$0.452464
2.94%$1.07
11.52%$1.18
0.09%$6.09
9.23%$223.53
6.76%$49.04
3.78%$1.00
0.00%$0.830535
10.75%$0.00003608
-5.92%$0.312542
8.01%$0.098332
5.81%$0.401782
8.32%$0.48067
8.10%$0.0285471
12.26%$5.11
7.93%$4.34
7.69%$0.248889
7.58%$3,641.04
5.91%$0.999926
-0.02%$10.72
8.62%$0.822119
7.04%$0.361478
-0.16%$1.19
7.68%$2.88
8.32%$16.33
1.32%$4.51
-0.13%$0.0303212
1.14%$0.087373
10.20%$1.059
0.00%$195.39
6.82%$0.00494125
-7.76%$1.87
4.85%$3,811.70
5.86%$4,152.92
6.52%$0.569749
5.67%$119,328.00
1.06%$117.15
1.96%$5.02
2.80%$12.05
2.12%$1.52
7.40%$0.99763
-0.01%$2.07
5.84%$0.999945
0.00%$0.02082658
13.67%$14.55
8.12%$1.033
2.27%$0.891203
8.52%$0.086942
8.41%$0.787187
12.06%$1.001
0.11%$3,885.35
5.74%$4.60
5.41%$1.34
2.38%$0.413696
8.34%$3,936.07
5.93%$0.000134
3.59%$3,606.28
0.09%$1.89
6.38%$3,836.86
6.18%$0.615096
13.46%$1.001
0.03%$119,481.00
1.31%$1.13
6.20%$0.113454
8.98%$1.14
21.62%$206.65
6.74%$0.998831
-0.13%$0.170186
2.44%$744.54
3.90%$29.10
8.65%$119,497.00
1.07%$0.245393
6.52%$2.76
8.05%$3,347.12
0.23%$121,584.00
1.03%$0.933089
9.74%$0.589452
6.20%$0.02029214
11.61%$240.67
6.45%$1.11
-0.01%$11.04
64.10%$0.999751
0.04%$0.01760957
3.94%$0.344857
9.56%$3,338.54
0.26%$0.947778
2.70%$0.140719
12.02%$3.02
2.68%$3,643.26
6.32%$3,873.44
5.41%$3,820.35
6.69%$0.721692
10.85%$46.52
5.17%$4.49
6.55%$2.04
6.97%$2.22
5.58%$0.00000072
3.62%$111.83
0.01%$0.267932
-1.49%$0.429839
6.90%$3.69
10.54%$0.99893
0.05%$0.348719
9.92%$119,469.00
1.21%$0.00713608
12.86%$1.00
-0.01%$0.01901711
1.57%$0.467544
2.34%$0.064983
5.99%$0.00000165
0.75%$1.095
0.15%$3,643.79
6.00%$0.242668
14.98%$0.00889875
0.80%$1.72
5.74%$29.57
2.12%$118,931.00
1.15%$0.587413
7.41%$0.99772
0.00%$1.39
6.50%$0.00979956
6.76%$0.34578
6.05%$0.715838
7.44%$0.111359
11.77%$3,866.95
5.69%$119,875.00
1.59%$46.34
-0.47%$3,637.79
5.70%$0.152702
6.53%$1.001
0.03%$4,019.37
6.08%$0.07359
2.83%$0.209656
9.52%$0.691408
5.23%$0.999906
0.01%$7.84
5.79%$1.16
-0.07%$7.24
9.56%$54.31
8.88%$0.507206
0.99%$0.425771
5.42%$1.59
8.72%$3,619.63
6.06%$17.63
8.05%$0.997766
-0.27%$0.456644
-1.75%$3,979.35
5.85%$0.44556
2.04%$0.00000047
4.53%$0.333724
2.21%$2.79
7.00%$0.221047
2.38%$0.063707
5.59%$8.00
-4.75%$46.31
-0.54%$0.00002291
3.94%$0.095465
10.15%$3,632.27
5.84%$0.04482052
7.29%$10.75
0.01%$3,649.68
6.45%$0.00423588
4.41%$1.75
-1.92%$0.161712
5.40%$1.093
0.01%$4,381.68
5.76%$0.587996
6.08%$0.9999
0.00%$0.415495
3.13%$0.900467
3.81%$0.998818
-0.16%$0.00782372
6.73%$119,839.00
1.51%$201.22
6.32%$0.998483
-0.36%$0.00569539
1.01%$0.391102
7.15%$148.75
4.52%$1.42
2.61%$0.586468
4.65%$0.03899387
4.19%$30.03
9.52%$0.999995
0.01%$0.01973494
4.75%$12.74
3.92%$0.00006707
5.03%$4.52
-14.20%$24.68
9.47%$0.249039
7.65%$119,752.00
1.49%$0.03371395
2.86%$0.785675
12.88%$0.852706
3.73%$3,822.19
6.40%$0.76814
2.90%$0.00416616
7.04%$0.99997
0.02%$21.10
-1.17%$1.15
1.50%$0.00377696
-4.87%$0.335346
8.93%$4,094.36
6.02%$7.58
8.76%$0.792366
7.47%$0.321239
-5.55%$0.998939
-0.05%$1.00
0.01%Reading
The first half of 2020 has been tough on just about everyone. But not Paxful.
The peer-to-peerpeer-to-peer Bitcoin exchange is poised to have its best year yet, seemingly finding opportunity in the midst of a global financial crisis, and solidifying its position as one of the most popular P2P trading platforms in the world.
Paxful today unveiled five years worth of historical data, boasting some impressive figures. The company has now registered a total of 4.5 million user wallets and $4.6 billion in BitcoinBitcoin trading volume to date, according to a release. In the first half of 2020 alone, the exchange did $1.1 billion in BTC volume—a 34% increase year over year.
And Paxful’s CEO, Ray Yousef, believes it is precisely because of the adverse financial conditions that so many face throughout the world that his company has sustained such growth.
"We built Paxful to help the little guy and create wealth for those who need it most. There are people who live with restrictions and limitations we cannot imagine,” he said in a statement. “For true financial inclusion to happen, it requires a free market for money transfers.”
Recently, Paxful beat out competing P2P Bitcoin exchange LocalBitcoins in cumulative weekly trading volume for the first time. And over the past few weeks, it’s remained neck and neck. Paxful’s expansion into emerging markets and underdeveloped countries has a lot to do with that.
Peer-to-peer Bitcoinexchange LocalBitcoins today posted its business results for 2019—and business is good, despite struggles dealing with money laundering on the platform and losing ground to rival Paxful. Posting a 10% increase in revenue from the year before, the Helsinki-based company announced an annual revenue of €26.2 million ($29.48 million). The company—one of the most popular cryptocurrency exchanges in the world—said that there were 1.46 million new customers on the platform in 201...
The firm has focused extensively on the African market in the past year. Nigeria, Ghana, and Kenya are among its top five markets, and traders in that region are already moving more Bitcoin than those in Latin America, where LocalBitcoins still reigns supreme.
Paxful, though, isn’t neglecting the Latin American market. Last year, the firm announced a partnership with cryptocrypto startup Coinlogiq to install 20 Bitcoin ATMs in Colombia and expect to launch another 25 in Peru soon.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
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