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.

“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.”

“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.

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.

“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.”

“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.





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