{"id":340630,"date":"2021-09-17T16:59:01","date_gmt":"2021-09-17T13:59:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/paypal-completes-crypto-trading-rollout-for-uk-customers\/"},"modified":"2021-09-17T16:59:01","modified_gmt":"2021-09-17T13:59:01","slug":"paypal-completes-crypto-trading-rollout-for-uk-customers","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/paypal-completes-crypto-trading-rollout-for-uk-customers\/","title":{"rendered":"# PayPal completes crypto trading rollout for UK customers"},"content":{"rendered":"

“# PayPal completes crypto trading rollout for UK customers <\/strong>”
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PayPal officially announced<\/a>\u00a0on Friday that all eligible customers in the United Kingdom can now buy, hold and sell cryptocurrencies using their PayPal accounts.<\/p>\n

Customers can trade four major cryptocurrencies: Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As announced previously, crypto trading will only be available to PayPal customers with verified identities.<\/p>\n

PayPal announced plans to move into the British cryptocurrency market in late August, immedia<\/a>tely proceeding<\/a> with a partial rollout of crypto trading services. The move marks the first expansion of PayPal\u2019s cryptocurrency services beyond the United States.<\/p>\n

Speaking to Cointelegraph, a PayPal spokesperson said, \u201cPayPal gradually rolled out its new crypto service to its UK customers. That process is complete,\u201c adding:<\/p>\n

\u201cWe are keen to learn and observe how our customers use our buy, hold and sell crypto offering before we start to roll out more features and functionality.\u201c<\/p><\/blockquote>\n

Related: <\/em><\/strong>Regulating crypto could give it \u2018halo\u2019 of legitimacy, says UK watchdog<\/em><\/strong><\/p>\n

PayPal\u2019s entrance into the local crypto market comes as some U.K. banks are cutting payment channels to exchanges. In August, banking giant HSBC said it was suspending credit card payments to Binance, citing \u201cconcerns about possible risks\u201d to its customers. Other banks like Barclays and NatWest bank had\u00a0previously blocked transactions to Binance.<\/p>\n

PayPal\u2019s British crypto launch is a \u201cbreath of fresh air,\u201d according to Gregory Klumov, CEO of tokenization firm Stasis. \u201cSince the country is in the world’s top 10 economies, such a milestone will clearly drive the continued adoption of digital assets in Europe and beyond,\u201d he said.<\/p>\n