OKEx has partnered with Paxful, a peer-to-peer Bitcoin trading marketplace, to provide additional payment and trading tools and push adoption for more users around the world, according to a press release from them both. As you may know, OKEx is the world’s largest Bitcoin Futures exchange, which already appeals to a wide variety of users around the planet.
“Paxful will act as a key fiat-to-cryptocurrency on-ramp for OKEx through the diversity of its payment methods for buying Bitcoin, particularly important in developing countries,” the release notes. “The partnership will also provide OKEx users the opportunity to buy Bitcoin with more than 160 fiat currencies including the Turkish lira, the Indian rupee, and the Argentine peso, using convenient local payment methods enabled by the Paxful platform. These include bank transfers, domestic wires, online wallets, and gift cards, among others.”
Speaking on the matter is Ray Youssef, who had said:
“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.”
In recent Paxful news, as InsideBitcoins has previously reported on, the group has launched a COVID-19 relief fund to help those in need, as many companies around the crypto space have done.