PayPal increases crypto purchase limits to $100K
The company said the move was aimed at giving customers “more choice and flexibility" to purchase crypto. Payment provider company PayPal now allows U.S.-based users to purchase up to $100,000 in crypto weekly. In a Thursday announcement, PayPal said it had increased the crypto purchase limit for certain customers based in the United States from $20,000 to $100,000 per week. The company said the move was aimed at giving users “more choice and flexibility in purchasing cryptocurrency.”
PayPal announced it would be moving into the crypto space in October 2020, later allowing eligible customers based in the United States to use cryptocurrencies for trading and payments. Though the company initially announced users would be limited to purchasing $10,000 in crypto each week, the feature launched with a $20,000 limit.
The platform has been expanding its features for crypto users since last year, partnering with Coinbase to allow crypto purchases through the major exchange, while the PayPal-owned payments firm Venmo launched crypto trading in April. Before the Venmo announcement, CEO Dan Schulman said he expected the average monthly volume for crypto transactions on PayPal to reach $200 million in a matter of months.
According to analytics site Statista, PayPal had roughly 392 million active user accounts as of the first quarter of 2021. The company has continued to invest in blockchain-focused firms including Blockchain Capital and blockchain intelligence platform TRM Labs.
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 59.2% | 88 | $19 140.20 | 0.69% | -10.68% | $365 286 501 881 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 54% | 93 | $1 052.12 | -0.25% | -14.42% | $127 732 400 345 |  |
|
| 3 |  USDT |
Tether predictions | 91.6% | 1 | $0.999073 | 0% | -0.04% | $66 020 314 113 |  |
|
| 4 |  USDC |
USD Coin predictions | 95.6% | 1 | $1.000180 | 0.03% | 0.02% | $55 812 644 858 |  |
|
| 5 |  BNB |
Binance Coin predictions | 65.2% | 75 | $216.97 | -0.05% | -9.70% | $35 426 838 093 |  |
|
| 6 |  BUSD |
Binance USD predictions | 92.4% | 1 | $1.000661 | 0.08% | 0.04% | $17 558 830 487 |  |
|
| 7 |  XRP |
XRP predictions | 68% | 69 | $0.316937 | 1.69% | -12.93% | $15 321 697 757 |  |
|
| 8 |  ADA |
Cardano predictions | 66.8% | 72 | $0.448043 | 0.04% | -11.32% | $15 122 596 829 |  |
|
| 9 |  SOL |
Solana predictions | 68% | 70 | $32.98 | 0.94% | -19.51% | $11 325 363 890 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 66.8% | 62 | $0.066106 | 1.00% | -14.30% | $8 770 292 754 |  |
|
| 11 |  DAI |
Dai predictions | 94.8% | 1 | $1.000314 | 0.02% | 0% | $6 923 688 572 |  |
|
| 12 |  DOT |
Polkadot predictions | 68% | 67 | $6.72 | 0.35% | -17.69% | $6 633 125 820 |  |
|
| 13 |  TRX |
TRON predictions | 66% | 74 | $0.065691 | 3.85% | -4.12% | $6 075 697 886 |  |
|
| 14 |  LEO |
UNUS SED LEO predictions | 73.6% | 54 | $5.88 | 2.75% | 0.12% | $5 608 593 130 |  |
|
| 15 |  SHIB |
SHIBA INU predictions | 71.2% | 63 | $0.000010 | 1.24% | -13.41% | $5 530 696 233 |  |
