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PayPal Owned $604 Million in Crypto Last Year

By the end of 2022, PayPal held over $600 million in digital assets in crypto on behalf of its users. That included $291 million in Bitcoin (BTC) and $250 million in ETH.  According to PayPal’s annual report to the Securities and Exchange Commission, the remainder of its $63 million in crypto was spread between Bitcoin Cash (BCH) and Litecoin (LTC). In total, the firm held $604 million in digital assets. In dollar terms, that’s less than what the firm held in Q3 – when...

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