Coinbase Adds “But With PayPal”
Coinbase is allowing U.S. users to buy cryptocurrency with their PayPal accounts in a major expansion of the exchange’s funding rails.
The option, announced Thursday, could cost unwitting users substantial sums in fees.
It is also another sign of crypto’s increasing mainstream acceptance. PayPal, long coy and standoffish about the sector, began allowing users to buy crypto on its own platform last year and has gradually expanded this service. Coinbase, one of the crypto industry’s oldest startups, recently listed its shares on the Nasdaq.