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Peer-to-Peer Crypto Platforms under Pressure in Declining Market


Decentralized peer-to-peer crypto exchanges are under heavy pressure as they witness a sharp decline in the total market share.  The market share of peer-to-peer crypto platforms has dropped to 5% from a 2023 peak of 7% in March, Bloomberg reported citing Kaiko data. Decentralized exchanges...

Former Paxful CEO Ray Youssef Urges Platform Users to ‘Cease Trading’


On July 7, Ray Youssef, the former CEO of Paxful, told users of the peer-to-peer crypto marketplace to stop trading on the platform. Youssef claimed that Paxful is now “just paying legal bills” and that “no African or any non-American should trust any IS corporation.”...

Belarus Looks to Ban P2P Crypto Trading – Crackdown Incoming?


Belarus is set to ban peer-to-peer (P2P) crypto “exchanges” – in a blow to traders operating in the country. In a Telegram post from the Ministry of Internal Affairs, government officials said they were “preparing proposals for legislation” that would “prohibit the exchange of cryptocurrency...

Russian P2P Crypto Market Is ‘Worth $296m a Day’ – Are Banks in Danger?


The Russian P2P (peer-to-peer) crypto market is growing at a rapid pace, with a report claiming vendors can access “$296 million” worth of trades per day. Per RB, the claim was made by Schard, a cryptoasset security platform, at a blockchain conference operated by the Russian banking giant Sber....

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