avatar

PayPal Holds Nearly $1B of Crypto Assets on Balance Sheet

PayPal Holds Nearly $1B of Crypto Assets on Balance Sheet

PayPal held $943 million worth of customer assets in cryptocurrency on its balance sheet, making up 77.9% of its total liability, according to the 10-Q filing with the US Securities and Exchange Commission PayPal filed recently.

Most of the cryptocurrency PayPal holds is Bitcoin ($499 million) and Ether ($362 million). Bitcoin Cash and Litecoin are also included. The report shows that compared with the end of 2022, PayPal customers' crypto assets increased by $339 million.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Payment

Traditional Industry

Bitcoin

Ethereum

In This Article

Related News
Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling Ark Invest raises 2030 bull-case bitcoin price projection to $2.4 million on 'aggressive' modeling
pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens pot bitcoin ETFs see $936 million inflows as 'safe haven' narrative strengthens
Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem Interchain Labs launches IBC Eureka to connect Ethereum to the Cosmos ecosystem
Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet Ethereum edges closer to deploying Pectra on mainnet with successful upgrade on Hoodi testnet
BlackRock launches bitcoin ETP in Europe following US success BlackRock launches bitcoin ETP in Europe following US success
Latest News More More
15 Hours Ago Circle secures in-principle approval to operate as money services provider in Abu Dhabi
15 Hours Ago Mastercard moves to integrate stablecoins into global payments network
1 Day Ago Bitget will legally pursue 8 accounts suspected of profiting $20 million from VOXEL trading manipulation
1 Day Ago Term Finance recovers $1 million of $1.6 million loss to oracle configuration error
4 Days Ago Citigroup predicts stablecoin supply could hit $3.7 trillion by 2030

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open