Integrity Over Revenue: Paxful CEO Delists Ethereum (ETH)
Paxful, a global peer-to-peer trading platform, has officially delisted Ethereum (ETH) from its marketplace. The decision, spearheaded by Paxful CEO Ray Youssef, prioritizes integrity over potential revenue.
Earlier today, Paxful’s CEO Ray Youssef penned down a letter announcing that ETH would be delisted from the exchange. Youssef noted that starting December 22, ETH trading would cease. The Paxful chief first revealed plans to remove ETH on December 12. El CEO de Paxful, Ray Youssef, dijo que eliminaría a ethereum de la plataforma el 22 de diciembre. Youssef citó la integridad sobre los ingresos como base de the decision.
Ray Youssef, co-founder of the New York-based crypto exchange, says the company is delisting Ethereum due to what he thinks is a lack of decentralization stemming Under the Paxful CEO\'s leadership, the exchange is taking a strong stance.
Why Paxful Delisted Ethereum
Paxful CEO Ray Youssef tweeted on Wednesday, explaining the reasoning behind the move. "We finally kicked ethereum off our marketplace. 11.6m humans safer. Integrity over revenue," Youssef said in a tweet, calling on fellow exchange runners to follow suit. Según una captura de pantalla del boletín enviado a los usuarios de Paxful, las operaciones con ETH se detendrán on December 22nd.
In a newsletter, the Paxful CEO explained the backstory behind his decision to remove Ethereum from the exchange as early as UTC on Thursday, Dec. 22. According to a screenshot of the newsletter sent to Paxful users, ETH trades will be stopped on Thursday 22, which, as explained by Youssef, relates to concerns regarding Ethereum\'s fundamental principles.
The move has sparked debate within the cryptocurrency community, with some praising Paxful\'s commitment to its values and others questioning the impact on users. However, Paxful\'s CEO remains firm in his belief that integrity is paramount, even at the expense of revenue. As Youssef emphasized, it\'s about "Integrity over revenue."
The decision aligns with Paxful\'s mission to provide a safe and reliable platform for its users. By removing ETH, Paxful aims to further solidify its commitment to a more decentralized and accessible financial system.