Paxful, Bitcoin’s peer-to-peer (P2P) platform, is integrating OKEx, one of the world’s leading crypto currency exchanges, into its platform.
According to an announcement on June 15, the partnership will offer various payment methods to OKEx users through Paxful’s kiosk to purchase Bitcoin with more than 160 fiduciary coins, along with bank transfers, gift cards, and online wallets, among others.
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Undecided clients will be able to access different trading options, such as spot, margin and futures, as well as the derivatives markets through OKEx’s decentralized platform, DEX. Speaking to Cointelegraph, Paxful CEO and co-founder Ray Youseff said
„The partnership between OKex and Paxful will open up new opportunities for users on both sides and points out that the crypto-currency industry is increasingly coming together to use each other’s strengths to provide more options for its users.
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As a result of the new integration, the companies expect to cover regions such as Vietnam, South Africa, Argentina, Canada, Chile, Venezuela, Japan, Germany and France.
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Jay Hao, CEO of OKEx, said: „Through this partnership, we will be able to reach more users in developing regions using Paxful’s existing infrastructure and payment options, giving them exposure to the benefits of OKEx’s advanced technology and diverse product suite.
Paxful has seen a number of developments in recent months. In April, it launched P2P trading between Bitcoin Billionaire and gold, while in May it joined the Infinite Wallet, allowing wallet users to buy Bitcoin directly from other cryptomone users.