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 | 89.6% | 4 | $26 358.83 | 0.34% | -2.46% | $513 940 893 353 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 90.4% | 6 | $1 605.45 | 0.57% | -1.06% | $193 030 672 715 |  |
|
| 3 |  USDT |
Tether predictions | 94.4% | 1 | $0.999256 | -0.02% | -0.09% | $83 209 237 743 |  |
|
| 4 |  BNB |
Binance Coin predictions | 90% | 4 | $211.90 | -0.51% | -1.42% | $32 599 483 391 |  |
|
| 5 |  XRP |
XRP predictions | 92% | 8 | $0.498171 | -0.94% | -3.82% | $26 558 684 405 |  |
|
| 6 |  USDC |
USD Coin predictions | 90.8% | 1 | $1.000013 | -0.01% | -0.01% | $25 482 938 324 |  |
|
| 7 |  STETH |
Lido stETH predictions | 93.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
|
| 8 |  WTRX |
Wrapped TRON predictions | 88% | 20 | $0.084973 | 0.59% | 0.51% | $8 639 700 468 |  |
|
| 9 |  ADA |
Cardano predictions | 88.8% | 8 | $0.244012 | -0.57% | -2.80% | $8 571 772 939 |  |
|
| 10 |  DOGE |
Dogecoin predictions | 93.6% | 6 | $0.060473 | -0.46% | -3.62% | $8 537 944 555 |  |
|
| 11 |  SOL |
Solana predictions | 86.8% | 22 | $19.21 | 1.02% | -4.69% | $7 926 687 641 |  |
|
| 12 |  TRX |
TRON predictions | 86.4% | 18 | $0.085280 | 0.25% | 0.71% | $7 597 972 233 |  |
|
| 13 |  TON |
Toncoin predictions | 60% | 84 | $2.16 | 2.18% | -9.20% | $7 427 615 519 |  |
|
| 14 |  DAI |
Dai predictions | 94.4% | 1 | $0.999584 | -0.05% | -0.02% | $5 345 663 638 |  |
|
| 15 |  DOT |
Polkadot predictions | 89.2% | 11 | $4.00 | -0.25% | -3.61% | $4 927 453 445 |  |
