Digital assets exchange OKEx announced on Monday it has formed a strategic partnership with peer-to-peer Bitcoin marketplace, Paxful. Through the partnership, the Paxful Kiosk will notably be integrated directly within the OKEx platform to allow new and existing users to benefit from a variety of payment options and trading tools.
“The partnership will also provide OKEx users the opportunity to buy Bitcoin with more than 160 fiat currencies including the Turkish lira, the Indian rupee, and the Argentine peso, using convenient local payment methods enabled by the Paxful platform. These include bank transfers, domestic wires, online wallets, and gift cards, among others.”
OKEx further revealed that through the integration, users may instantly match with sellers that meet the criteria of their trading needs in terms of currency and payment method, either through the Paxful or OKEx platform.
“Overall, more than 100 million users will benefit from this integration, not just in terms of freedom of payment options but also through exposure to OKEx’s high liquidity, cold storage features and a vast suite of trading products and tools.”
Speaking about the partnership, Paxful’s CEO and Co-Founder, Ray Youssef, stated:
“With this partnership, we hope to continue to build up the ecosystem together and make crypto more accessible as a real-world payment method.”
OKEx added that the partnership marks a big step for its platform in terms of its presence in the developing regions of the world, including countries like India, Indonesia, Nigeria, Turkey, Russia, and Argentina.