Traders on Paxful sell $16.2M of Bitcoin for discounted gift cards each week
Cointelegraph
Published Oct 23, 2020 02:03AM ET
Updated Oct 24, 2020 04:00AM ET
A report published by Arcane Research has revealed that nearly half of Paxful’s trade volume comes from trade between Bitcoin (BTC) and gift cards.
The report found that, “purchasing Bitcoin with gift cards has been the preferred solution on Paxful each month throughout the five-year span analyzed,” and in June accounted for 48% of Paxful’s volume.
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Written By: Cointelegraph
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