Major cryptocurrency exchange Bitwoot is integrating Paxful’s Kiosk and trading services into its platform.
Peer-to-peer Bitcoin (BTC) marketplace Paxful is integrating its platform with major cryptocurrency exchange Bitwoot.
According to an announcement on July 19, the partnership will offer several payment methods for Bitwoot 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 Bitwoot‘s decentralized platform, DEX. Speaking with Dirpopulus, CEO and co-founder of Paxful Ray Youseff said:
“The partnership between Bitwoot 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.
Bitwoot CEO George Lyons 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 Bitwoot’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.