.PayPal customers held $604 million in crypto – a combination of bitcoin (BTC), ether (ETH), litecoin (LTC) and bitcoin cash (BCH) – as of Dec 31, 2022. JamieCrawleyCD reports.
Almost 90% of the amount was divided between the two largest cryptocurrencies by market value: $291 million in BTC and $250 million in ETH.
The remaining $63 million is made up of LTC and BCH. PayPal did not provide a breakdown of the two., and corresponds to a period that saw sharp declines in crypto valuations following the collapse of exchange FTX.
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