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PayPal Reveals Massive Cryptocurrency Holdings Totaling $604 Million – Here's What You Need to Know

Global payment giant PayPal held $604 million of cryptocurrencies for its customers by the end of 2022, with Bitcoin and Ethereum accounting for almost 90% of that figure. PayPal held $291 million in BTC, $250 million in...

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PayPal Reveals Massive Cryptocurrency Holdings Totaling $604 Million – Here's What You Need to Know
Global payment giant PayPal held $604 million of cryptocurrencies for its customers by the end of 2022, with Bitcoin and Ethereum accounting for almost 90% of that figure. 
PayPal held $291 million in BTC, $250 million in ETH, and another $63 million in Litecoin and Bitcoin Cash as of December 31, according to its annual report to the U.S. Securities and Exchange Commission (SEC)....
Read More: PayPal Reveals Massive Cryptocurrency Holdings Totaling $604 Million – Here's What You Need to Know

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This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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