PayPal Discloses Nearly $1 Billion in Crypto Assets on Balance S
On May 9th, PayPal disclosed nearly $1 billion in cryptocurrencies on its balance sheet in a 10-Q filing with the US Securities and Exchange Commission. Specifically, it holds $943 million worth of client assets, including bitcoin, ethereum, bitcoin cash and litecoin. Compared with the $604 million in customer cryptocurrency held by PayPal at the end of 2022, the company reported an increase of $339 million in customer crypto assets.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.