PayPal-Owned Venmo Adds Bitcoin Buying and Selling

Customers will be able to buy and sell crypto on Venmo for a fee starting from $1.

Apr 20, 2021 at 11:27 a.m. UTC
Updated Sep 14, 2021 at 12:42 p.m. UTC

PayPal has expanded crypto trading to its Venmo payments app in a fresh indication of the payment giant's cryptocurrency ambitions.

  • Customers of the payments app will be able to buy, sell and trade as little as $1 worth of crypto on Venmo, which has more than 70 million customers.
  • As on PayPal itself, trading is limited to bitcoin, ethereum, litecoin and bitcoin cash.
  • Rollout commences today and will be available for all customers within the next few weeks, the announcement Tuesday said.
  • This is being offered in partnership with Paxos, which was tapped by PayPal as a liquidity provider.
  • PayPal opened trading on select cryptocurrencies to U.S. customers in November and began allowing users to pay with crypto in March.

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