to cryptocurrencies Global payment giant PayPal, known for the steps it has taken, has announced its balance sheet for 2022.
According to the report submitted to the US Securities and Exchange Commission (SEC), PayPal held a total of $604 million in cryptocurrencies for its customers as of December 31, 2022.
Among these cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH) found to exist.
Bitcoin, the leading cryptocurrency, took the first place in the company’s balance sheet.
In this context, 291 million dollars BTC250 million dollars ETH while the remaining $63 million LTC and BCHformed from.
These figures on the balance sheet appear to correspond to a period of sharp declines in crypto valuations following the sudden collapse of FTX in November.
Allowing its customers to buy and sell cryptocurrencies since October 2020, PayPal continues to offer Bitcoin, Ethereum, Bitcoin Cash and Litecoin services for its customers.
*Not investment advice.
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