Payment giant PayPal has recorded a record cryptocurrency trading volume on the platform. On January 11, users conducted transactions for $ 242 million.

“This is almost double the previous record,” said Alex Saunders, founder of Nugget’s News.

Yesterday’s PayPal trading volume surpassed the January 6th high of $ 129 million. According to Nomics, since January 1st, daily trading volume on the ItBit platform has increased by 950%.

As a reminder, on November 11, 2020, PayPal launched the bitcoin trading service for US users.

In December, the CEO of the company Dan Shulman said that in the first half of 2021, customers of the payment service will be able to use cryptocurrency to pay for goods and services at 26 million retail outlets.

In the same month, Mizuno Bank in the United States found that 65% of PayPal customers are willing to pay with bitcoin for goods and services, and a fifth of respondents have already tried to trade cryptocurrency in the payment service application.