Peer-to-peer Bitcoin trading platform Paxful crossed the $4.6 billion trading volume threshold as the company is entering its fifth year.
Peer-to-peer Bitcoin (BTC) marketplace Paxful announced on July 14 that its platform has witnessed another surge in trade volume, hitting the $4.6 billion mark and reaching over 4.5 million wallet registrations.
Paxful is also forecasting an additional two million users by the end of 2020, as the company is entering its 5th anniversary.
Emerging markets play a large role
Ray Youseff, the CEO of Paxful, noted that emerging markets in developing nations are a major factor in the platform's recent growth.
He said, "When you look at our data, in Africa, Nigeria, Ghana, and Kenya lead in terms of volume this year.