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

By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy.

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.