• April 26, 2024

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Paxful Suspends Ethereum Trading

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P2P platform Paxful completely stopped transactions with Ethereum yesterday.

According to the founder and CEO of the trading platform, Ray Youssef, operations with ETH brought the company a good income, since this digital currency is very popular among traders.

However, our ultimate goal is to create conditions for the mass adoption of Bitcoin, which is why the decision was made to remove Ether from the platform.

He has explained:

“I want to see a world where Bitcoin frees the billions of people oppressed by this evil system.
Youssef responded to critics of Bitcoin, who periodically remind about the large power consumption of the network.”