Crypto.com has announced a major step toward making crypto more accessible in Europe: users across the European Union can now fund their cryptocurrency purchases directly using PayPal. The integration, revealed this week, is aimed at reducing barriers for new and existing users looking to enter the digital asset space without relying on traditional bank accounts or credit cards.
The move is designed to streamline the user experience and make crypto adoption easier for millions of Europeans. By allowing seamless PayPal transactions, Crypto.com hopes to appeal to users who are familiar with digital payments but hesitant about connecting financial institutions directly to crypto platforms.
“This integration brings us one step closer to bridging the gap between traditional finance and the future of digital assets,” the company said in a statement.
PayPal, which has gradually expanded its crypto-related services over the last few years, continues to play a growing role in the digital currency ecosystem. In 2023, the platform launched its own U.S. dollar-backed stablecoin, PayPal USD (PYUSD), now used across various PayPal services, including international transfers via its Xoom platform. The new stablecoin initiative further reflects PayPal’s commitment to enabling smoother, safer crypto transactions.
This new partnership with Crypto.com adds another layer to PayPal’s expanding crypto strategy and could significantly boost digital asset activity in Europe—especially among casual users who trust PayPal but remain cautious about using unfamiliar crypto exchanges.
Meanwhile, Crypto.com has also had a positive development on the regulatory front. The U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into the platform and will not pursue any enforcement action, according to a statement by the company. Nick Lundgren, Crypto.com’s Chief Legal Officer, criticized the previous regulatory environment, saying the SEC had been used as a weapon under former leadership.
With the SEC probe behind it and new user-friendly features like PayPal integration in place, Crypto.com appears to be positioning itself as a more accessible and regulated player in the global crypto market—especially as Europe continues refining its digital asset framework.
