Share this article
PayPal-Owned Venmo Adds Bitcoin Buying and Selling
Customers will be able to buy and sell crypto on Venmo for a fee starting from $1.
Updated Sep 14, 2021, 12:42 p.m. Published Apr 20, 2021, 11:27 a.m.
PayPal has expanded crypto trading to its Venmo payments app in a fresh indication of the payment giant's cryptocurrency ambitions.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
- Customers of the payments app will be able to buy, sell and trade as little as $1 worth of crypto on Venmo, which has more than 70 million customers.
- As on PayPal itself, trading is limited to bitcoin, ethereum, litecoin and bitcoin cash.
- Rollout commences today and will be available for all customers within the next few weeks, the announcement Tuesday said.
- This is being offered in partnership with Paxos, which was tapped by PayPal as a liquidity provider.
- PayPal opened trading on select cryptocurrencies to U.S. customers in November and began allowing users to pay with crypto in March.
See also: PayPal Pushes Crypto Further Mainstream With Planned Checkout Service for 29M Merchants
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Trump's Voice Would Have 'No Weight' in Rate Decisions, Fed Front-Runner Hassett Says
Hassett is perceived as dovish and likely to support Trump's calls for significant interest rate cuts to boost economic growth.
What to know:
- Kevin Hassett, a leading candidate for Fed chair, stated that President Trump's opinions would not influence interest rate decisions if he were appointed.
- Hassett is perceived as dovish and likely to support Trump's calls for significant interest rate cuts to boost economic growth.
- As of now, Hassett has a 52% chance of being nominated as Fed chair, according to Polymarket odds, surpassing Kevin Warsh's 40%.
Top Stories
