Paxful
Peer-to-peer cryptocurrency marketplace
- Category:
- Blockchain
- Country:
- All Countries
- Founded:
- 2015
- Cause of Failure:
- Financial mismanagement, operational costs, legal compliance issues
- Outcome:
- Shutdown
- Shut Down in:
- October 2025
- Founders:
- Ray Youssef, Artur Schaback
- Number of Founders:
- 2
- Number of Employees:
- 251-500
- Funding Amount:
- Unknown
- Funding Rounds:
- Unknown
- Notable Investors:
- Unknown
About Paxful
Paxful was a peer-to-peer cryptocurrency marketplace that allowed users to buy and sell Bitcoin.
What went wrong?
Several challenges led to Paxful shutting down. One of the main issues was increasing regulatory scrutiny and legal challenges, which ultimately led to its decision to shut down operations.
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Paxful shuts down operations amid legal challengesSubscribe to our newsletter
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