Capital.com integrates with Paypal for deposits and withdrawals
Capital.com, one of the fastest-growing trading and investing platforms in Europe, has announced that it has integrated with Paypal which means that its users would be able to make deposits and withdrawals via Paypal.
The platform is one of the fastest-growing in the UK leveraged trading industry and this integration with payments giant like Paypal is expected to further boost its userbase as generally, users love quick and easy methods for deposits and withdrawals which would become possible with this integration. The platform already offers its users the ability to deposit and withdraw using debit and credit cards, as well as wire transfer and other payment methods like Sofort, Giropay, iDeal, ApplyPay, etc are also supported by Capital.com.
Jonathan Squires, Group CEO of Capital.com, said: “We are delighted to be able to offer our clients a greater choice of payment methods. PayPal is a popular and trusted payment platform in Europe and the UK and its integration enables our clients to deposit funds with ease and convenience. As a pioneer of new-age payment instruments through its One Touch checkout feature, the integration of PayPal will allow our clients to transact with Capital.com literally with one click.”
With the Paypal integration, the platform users would be able to able to make deposits and withdrawals in USD, Euro, and GBP as well which would give them access to trade across 3000 derivatives markets. The company also has a trading education app called Investmate which helps its users to learn finance through the use of a variety of learning materials within the app.
The platform has reported a growth of 400% in its user base during the first half of 2021 when compared to the second half of 2020 with the trading volumes also growing by 184% during the same period. A part of this reason could be the fact that the pandemic has begun to recede in various parts of Europe during this year which has helped the traders to return to trading after having a wait and watch period last year. It also reflects the growing popularity of Capital.com which could eventually look to challenge other major trading platforms like Revolut in the future. With Paypal already supporting cryptos, it would be interesting to see whether the company would allow deposits and withdrawals in cryptos shortly.