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PayPal-Owned Venmo Adds Bitcoin Buying and Selling
Customers will be able to buy and sell crypto on Venmo for a fee starting from $1.
PayPal has expanded crypto trading to its Venmo payments app in a fresh indication of the payment giant's cryptocurrency ambitions.
STORY CONTINUES BELOW
- Customers of the payments app will be able to buy, sell and trade as little as $1 worth of crypto on Venmo, which has more than 70 million customers.
- As on PayPal itself, trading is limited to bitcoin, ethereum, litecoin and bitcoin cash.
- Rollout commences today and will be available for all customers within the next few weeks, the announcement Tuesday said.
- This is being offered in partnership with Paxos, which was tapped by PayPal as a liquidity provider.
- PayPal opened trading on select cryptocurrencies to U.S. customers in November and began allowing users to pay with crypto in March.
See also: PayPal Pushes Crypto Further Mainstream With Planned Checkout Service for 29M Merchants
Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
