P2P bitcoin platform Paxful to serve as a fiat-to-crypto on-ramp for social trading app Bingbon
Paxful, a peer-to-peer bitcoin and cryptocurrency marketplace platform, announced today it has partnered with Bingbon, a social trading exchange that offers both cryptocurrency spot and derivatives trading.
This integration partnership allows Bingbon users to leverage Paxful’s fiat-to-crypto network directly on Bingbon’s trading app. Specifically, Bingbon users will be able to directly fund their accounts with local fiat currency using Paxful’s nearly 400 payment methods.
“Crypto accessibility is key in order to spur adoption and highlight its use case as a means of exchange. That is why we’re thrilled to partner with Bingbon to make trading cryptocurrency even more seamless to their millions of users.”
– Ray Youssef, CEO & Co-Founder at Paxful
Aside from bitcoin, traders can also obtain other cryptocurrencies with the new Paxful integration, such as Ethereum and Tether. Paxful’s marketplace supports users in instantly finding sellers who meet the criteria of their exchange needs, creating opportunities for quick and easy trades.
“We are glad that we’ve integrated with Paxful. For Bingbon, this means introducing and exposing our users to a new trading experience. Bingbon users can find nearly 400 different ways to buy digital assets via Paxful. Further, we will be able to penetrate the LATAM market even more aggressively than before.”
– Elvisco Carrington, Communications & Partnership Manager at Bingbon