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BitMart and Paxful Join Forces on OTC Trading, Move to Enter the Peer-to-Peer Financial Revolution

Last Updated April 27, 2023 2:36 AM
Press Release
Last Updated April 27, 2023 2:36 AM

NEW YORK NY, July 9, 2019 — BitMart , a premier global digital asset trading platform, is pleased to announce a strategic partnership with Paxful, a global peer-to-peer Bitcoin marketplace. The partnership marks the two entities have taken together in the hopes of increasing liquidity and scalability, lowering the investment barriers for the unbanked to participate in a growing peer-to-peer financial ecosystem.

Paxful  promotes a global peer-to-peer payment logistics platform for the future, allowing direct bitcoin transactions to be made from user to user, which eliminates the need for third-party interactions. With a focus on emerging markets and the unbanked, they provide a space for users to send, receive and store bitcoin. With this partnership, users will now have direct access to one of the world’s largest digital asset trading platforms, providing increased visibility and over 233 trading pairs .

“We’re excited to integrate with BitMart in efforts to bring more trading options to emerging markets,” said Ray Youssef, CEO and co-founder of Paxful. “It has always been our mission to provide financial freedom worldwide and we see this as the next big step in the financial revolution.”

BitMart is the first pioneer exchange that enters the peer-to-peer financial ecosystem. By integrating a peer-to-peer payment logistics platform, investors will now have direct access to more than 300 payment approaches including bank transfers, gift cards, debit/credit cards, and cash deposits. Features such as zero-cost listing fees and monetarily-backed ratings give room for Paxful technology to serve a vital role in facilitating seamless and rapid transactions throughout the entire platform.

“We are delighted to collaborate with Paxful,” said Sheldon Xia, Founder and CEO of BitMart. “By offering users with more payment options, BitMart aims to lower the barriers to entry for new adopters of digital currency investment.”

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About BitMart 

BitMart  is a premier global digital asset trading platform in the cryptocurrency market with over 700,000 users worldwide and ranks among the top 5 crypto exchanges on CoinMarketCap . BitMart currently offers  233 trading pairs with one of the relatively low trading fees  in the market.

About Paxful

Paxful’s  mission is to give people a simple, fair, and secure platform for trading bitcoin. They aim to bring financial inclusion to the underbanked and unbanked through peer-to-peer finance. Every user gets a free digital wallet that lets them send, receive, and store bitcoin. They’re cutting out the middleman with their secure escrow service and provide help to their users with 24/7 customer support system.

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