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.

AccessTimeIconApr 20, 2021 at 11:27 a.m. UTC
Updated Sep 14, 2021 at 12:42 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

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.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about