Peer-To-Peer Bitcoin Exchange Paxful Suspends Marketplace

The exchange cites staff departures and regulatory challenges for the suspension, saying they’re “not sure if it will come back.” Paxful, one of the world’s largest peer-to-peer (P2P) cryptocurrency exchanges by volume, has announced the suspension of its marketplace. The announcement was made by the company’s founder and CEO, Ray Youssef, who cited key staff departures and regulatory challenges for the industry as the reasons behind the decision. In a statement, Youssef said, “While we work through these issues, we have taken the most secure option and ask you to explore self-custody and trade elsewhere.” According to Youssef, all customer