Peer-to-Peer Bitcoin Marketplace Integrates With Major Exchange OKEx

Peer-to-peer Bitcoin (BTC) marketplace Paxful is integrating its platform with major cryptocurrency exchange OKEx.

According to an announcement on June 15, the partnership will offer several payment methods for OKEx users through Paxful’s Kiosk to buy Bitcoin with over 160 fiat currencies, together with bank transfer, gift cards and online wallets, among others.

Paxful customers will be able to access different trading options such as spot, margin, and futures trading, as well as the derivatives markets through OKEx's decentralized platform, DEX. Speaking with Cointelegraph, CEO and co-founder of Paxful Ray Youseff said:

“The partnership between OKex and Paxful will open up new opportunities for users on both sides and signals that the crypto industry is uniting more and more when possible in order to use each other’s strengths to provide more options for their users. 

Companies look forward to expanding their global customer base

As a result of the new integration, the companies hope to cover regions such as Vietnam, South Africa, Argentina, Canada, Chile, Venezuela, Japan, Germany and France.

OKEx CEO Jay Hao said, “Through this partnership, we can reach more users in developing regions using Paxful’s existing infrastructure and payment options and give them exposure to the benefits of OKEx’s advanced technology and diversified product suite."

Paxful has seen a number of developments in recent months. In April it launched P2P trading between Bitcoin and gold, while in May it integrated with the Infinito Wallet, allowing wallet users to buy Bitcoin directly from other crypto users.