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Crypto Platform Paxful Delists Ethereum – Bitcoin Journal

paxful announcement

Peer-to-peer (P2P) cryptocurrency buying and selling platform Paxful is delisting Ethereum.

Paxful CEO Ray Youssef took to Twitter on Wednesday to announce the information, confirming a transfer he had hinted at ten days prior.

“We lastly kicked #ethereum off our market. 11.6m people safer. Integrity over income,” Youssef mentioned in a tweet, calling on fellow change runners to observe swimsuit.

A screenshot of Youssef’s assertion to purchasers accompanied the tweet. The textual content supplied extra particulars as to why the CEO selected to take away ETH from his P2P change. Youssef talked about three overarching causes for kicking Ethereum out: its transfer to proof-of-stake (PoS), a scarcity of decentralization, and the ever-growing dissemination of scams in its ecosystem.

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