Paxful, a peer-to-peer (P2P) Bitcoin (BTC) trading platform, has returned online one month after suspending activities in its marketplace as a result of key staff exitsand regulatory challenges. The firm announced its reopening in a blog post.

Paxful Returns Online

“After a month away, we’re happy to announce that the Paxful marketplace is back online,” the firm wrote, noting that it took the decision to temporarily suspend its platform last month in order “to protect all of our customers and Paxful’s future.”

𝙻𝙾𝙰𝙳𝙸𝙽𝙶 ▓▓▓▓▓▓▓▓▓▓ 100% pic.twitter.com/NEb29kbMKN

— Paxful (@paxful) May 8, 2023

“Over the last month, our team has worked diligently to get the marketplace back online with the safety and security of users paramount,” Paxful said.

In a statement announcing its decision to shut down last month, Ray Youssef, Paxful’s Founder and CEO, noted that all customer funds were accounted for. He also urged them to withdraw their funds and self-custody.

Additionally, Youssef said Paxful was offering its users outside the United States “easy migration” to other platforms such as Noones, which is a newly-established P2P platform dedicated to the Global South.

“Throughout the suspension the Paxful Wallet remained fully operational for our users and the community were also offered a selection of peer-to-peer platforms to continue trading on,” Paxful explained in the new blog post.

This article was written by Solomon Oladipupo at www.financemagnates.com.Exchanges, CryptoCurrencyRead More

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