OKEx, which is a Malta-based cryptocurrency exchange has partnered with Paxful, leading the P2P Bitcoin marketplace to promote cryptocurrency adoption.
This partnership will allow OKEx to integrate Paxful Kiosk into the platform, which will provide users with access to a variety of payment methods and advanced trading tools. Paxful provides a number of options including online wallets, bank transfers, and more.
Paxful is famous for its fiat-to-bitcoin exchange capabilities because the platform supports cryptocurrency purchases with more than 160 different fiat currencies. Through this incorporation, Paxful will act as a key fiat-to-crypto currency on-ramp for OKEx, which will enable the trading platform’s users to purchase Bitcoin using different fiat payment methods.
This feature will be especially helpful to the onboarding people who are new to cryptocurrencies by enabling them to purchase BTC using their local currency and even use it to start trading on OKEx.
CEO of Paxful Ray Youseff 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
Collaboration to benefit at least 100 million users:
The collaboration of Paxful with OKEx is expected to benefit at least 100 million users. They would have a number of payment options and exposure to high liquidity, and a vast suite of trading products and tools. This feature can encourage people to trade cryptocurrencies.
CEO of OKEx Jay Hao further opened up about the collaboration and said,
We’re extremely enthusiastic about our partnership with Paxful as one of the most widely used and respected peer-to-peer BTC marketplaces. We’re firm believers in collaboration at OKEx and understand that we must work together to onboard more people to cryptocurrency. No one should work as an isolated island. The benefits of this partnership are huge, both for Paxful and OKEx users. Together, we can reach and give more options to at least 100 million users.
This partnership would prove fruitful to both parties, opening up new future prospects.