PayPal Allows US Users to Trade Cryptocurrencies

Payment company PayPal now allows all its users in the United States to buy and sell crypto coins via the platform.


The company announced this on Thursday through an update of an earlier press release.

“We are pleased to publicize that all our US account holders can now buy, hold and sell cryptocurrency directly with PayPal,” it said in a brief statement.

Supporting cryptocurrency trading is an essential sign of PayPal’s confidence in crypto and could encourage people to trade in it.

PayPal plans to expand cryptocurrency options to the Venmo mobile payment system and “select international markets” in the first half of next year.

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