PayPal set to launch crypto trading

Crypto Telegram Signals – Global payments platform PayPal is looking towards the United Kingdom as the next market in which to expand its crypto trading services.

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According to the company’s second-quarter earnings call on Wednesday, PayPal has done very well out of crypto trading for the period. CEO Dan Schulman stated that the U.K. is likely to be the next country where crypto trading is offered.

PayPal set to launch crypto trading

He stated that the company is adding “incremental functionality” to the crypto trading platform, having already increased the crypto purchasing limits to $100,000 per week on July 15.

Schulman revealed that Pay with Venmo revenues grew by 183% year over year, and thathere has been strong adoption and trading of crypto on Venmo. The PayPal-owned firm Venmo launched crypto trading services to an estimated 70 million users in mid-April.

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On July 28, Cointelegraph reported that PayPal’s “super app” which will feature high yield savings, early access to direct deposit funds, messaging capabilities, and additional crypto functionality, is almost ready for launch.

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