OKEx, the world’s largest Bitcoin futures exchange, has announced a strategic partnership with leading peer-to-peer Bitcoin (BTC) marketplace Paxful. By joining forces, the two industry titans aim to further push the adoption of cryptocurrencies around the globe.
Paxful Kiosk will be integrated directly within the OKEx platform to allow new and existing users to benefit from a wide variety of payment options and advanced trading tools.
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 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.
Paxful’s CEO and co-founder, Ray Youssef, said in a statement about the partnership:
“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.”
Via the integration, users can instantly match with sellers that meet the criteria of their trading needs in terms of currency and payment method, either through the Paxful or OKEx platform. Overall, more than 100 million users will benefit from this integration, not just in terms of freedom of payment options but also through exposure to OKEx’s high liquidity, cold storage features and a vast suite of trading products and tools.
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