European trading and investment platform Capital.com has integrated with global payments platform PayPal to allow users in the U.K. and European Union new ways to deposit and withdraw money to and from Capital.com accounts, according to a Monday (Sept. 20) press release.
Capital.com’s integration with PayPal allows customers to make deposits and withdrawals in euros, British pounds and U.S. dollars, the release stated.
“As a pioneer of new age payment instruments through its One Touch checkout feature, the integration of PayPal will allow our clients to transact with Capital.com literally with one click,” said Capital.com Group CEO Jonathan Squires in the release. “With a focus on providing education and collaborating with trusted partners such as PayPal, we aim to make trading and investing simple, safe and secure for both new and experienced traders.”
In the first half of 2021, Capital.com reported a 400% jump in new clients compared to the first half of 2020, with total client trading volumes across all global markets jumping 184% in that time.
Last month, PayPal collaborated with linking platform Linktree to allow for global implementation of the Linktree Commerce Links that will let creators make frictionless transactions, take tips and donations, and take requests.
PayPal last week added litecoin and ethereum to its cryptocurrency trading options in the U.K., adding to bitcoin and bitcoin cash, which were rolled out last month.
Eligible U.K. PayPal users with verified identities can now buy, hold and sell cryptocurrencies on the platform. This is the first expansion of crypto transactions on the platform beyond the U.S., which was introduced in November.
PayPal Vice President and General Manager of Blockchain, Crypto and Digital Currencies Jose Fernandez da Ponte said at the time the company has a “unique opportunity” as well as a “responsibility” to bring crypto trading to PayPal in the U.K.