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 | 71.2% | 61 | $41 781.93 | -1.20% | -2.04% | $791 088 078 889 |  |
|
|---|---|---|---|---|---|---|---|---|---|---|
| 2 |  ETH |
Ethereum predictions | 64.4% | 76 | $3 104.92 | -3.07% | -4.08% | $370 163 071 496 |  |
|
| 3 |  USDT |
Tether predictions | 96% | 1 | $1.000442 | 0% | 0.02% | $78 349 190 476 |  |
|
| 4 |  BNB |
Binance Coin predictions | 70% | 60 | $462.66 | -2.57% | 0.34% | $76 392 115 063 |  |
|
| 5 |  ADA |
Cardano predictions | 76% | 52 | $1.41 | -10.09% | 16.06% | $47 131 349 412 |  |
|
| 6 |  USDC |
USD Coin predictions | 96% | 1 | $0.999818 | -0.07% | 0.01% | $45 754 530 091 |  |
|
| 7 |  SOL |
Solana predictions | 62.8% | 81 | $138.01 | -1.88% | -1.19% | $43 357 154 185 |  |
|
| 8 |  XRP |
XRP predictions | 69.2% | 65 | $0.743566 | -2.42% | -2.66% | $35 440 659 267 |  |
|
| 9 |  LUNA |
Terra predictions | 74% | 57 | $77.07 | -0.63% | 2.61% | $27 568 221 274 |  |
|
| 10 |  DOT |
Polkadot predictions | 73.2% | 51 | $24.34 | -4.48% | -6.31% | $24 040 494 775 |  |
|
| 11 |  DOGE |
Dogecoin predictions | 75.2% | 45 | $0.166796 | -2.47% | 8.84% | $22 128 901 943 |  |
|
| 12 |  AVAX |
Avalanche predictions | 61.2% | 79 | $84.45 | -2.78% | -7.81% | $20 636 453 390 |  |
|
| 13 |  SHIB |
SHIBA INU predictions | 70% | 63 | $0.000028 | -3.69% | -2.92% | $15 307 020 912 |  |
|
| 14 |  MATIC |
Polygon predictions | 68.4% | 59 | $2.08 | -6.22% | -11.45% | $15 177 353 942 |  |
|
| 15 |  BUSD |
Binance USD predictions | 90.8% | 1 | $0.998835 | -0.12% | -0.19% | $14 198 835 768 |  |
