InstaForex

August 23, 2021

PayPal Crypto Trading Penetrates UK Market!

 The first time PayPal is opening up opportunities for investors to buy, store, and sell cryptocurrencies using the PayPal service began this week.


This is the latest development after the crypto service was offered in the United States (US) in November 2020.


Clearly PayPal, investors can not only invest in Bitcoin (BTC) but also Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).


The service can be done either through its official website or mobile application.


It is not impossible that the UK market will further increase its cryptocurrency exposure in the country.


This is driven by data showing PayPal usage in the UK recorded the highest rate, over 2 million monthly active users compared to other European countries.



Touching on the issue of strict crypto legislation in the UK following Binance's operations being halted by the Financial Conduct Authority (FCA) in late June, PayPal assured that they would closely follow the developments of supervisors in the country and across the country in launching crypto trading.


At the time of writing, the crypto market is showing positive developments. Within 24 hours, the asset is traded at the value of:


BTC: $ 49,893 (up 1.35%)


ETH: $ 3,264 (up 0.29%)


LTC: $ 187.16 (up over 2%)


BCH: $ 679.60 (up 0.42%)