JUST IN: Paxful Announces Shutdown

Cryptocurrency Exchange, Paxful on Tuesday announced that it was shutting down the exchange’s marketplace.

 

The firm, in a statement posted on its blog and signed by its CEO, Ray Youssef said that the firm had suffered a setback by the resignation of “some key staff”.

 

 

“Also, regulatory challenges for the industry continue to grow, especially in the peer-to-peer market and most heavily in the U.S. While we work through these issues, we have taken the most secure option and ask you to explore self-custody and trade elsewhere, ” it added.

 

 

Paxful noted that all customers would be able to withdraw their funds from Paxful Wallet.

 

“All customer funds are all accounted for. Please withdraw them and if you can — self-custody. We recommend options such as Exodus Wallet and Muun Wallet.

 

“We’re offering an easy migration to other options for non-U.S. users to platforms like Noones — a new P2P company dedicated to the Global South, ” Ray told customers.

 

 

 

 

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Former Binance Executive and Blum Co-Founder Vladimir Smerkis Arrested in Russia for Large-Scale Fraud
May 19, 2025By
Former Binance Africa Community Manager Launches Landmark Africa Blockchain Festival in Kigali
May 14, 2025By
Coinbase to Acquire Deribit for $2.9 Billion, Cementing Leadership in Crypto Derivatives
May 8, 2025By

Advertisement

Video Posts

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
? --- 0.00 % 0.00 %

Please enter CoinGecko Free Api Key to get this plugin works.