Paxful, the popular US-based Bitcoin Exchange, the strong competitor of localbitcoins going to step in to its fifth year, and reached the new milestone trade volume of 4.6 Billion USD as well as 4 million wallet registration.
Roy youseff, CEO of Paxful, glad on their success and said
“When you look at our data, in Africa, Nigeria, Ghana, and Kenya lead in terms of volume this year. Coming in fourth, and surprisingly one breakout country we’ve seen is Cameroon where we have $5M USD in volume (YTD 2020).
In terms of the COVID-19 pandemic, while it has impacted usage of cryptocurrencies on our platform and more specifically the interest in a nontraditional monetary asset, we believe that the continued growth is more a result of the financial inequality that continues to plague the world.”
He also added that there is a significant growth in the Indian crypto market and the volume increases by 883%.
Source: Cointelegraph.com
Thus, the growth of Cryptocurrency Exchanges is kept on increasing. Of course, starting the Crypto Exchange is not a bad idea! You can instantly start an exchange like Paxful with Paxful Clone Script by joining hands with Cryptocurrency Exchange Development Company.
