PayPal Held $604M of Customers’ Crypto as of Year-End 2022


PayPal (PYPL) held a total of $604 million of bitcoin (BTC), ether (ETH), litecoin (LTC) and bitcoin cash (BCH) for its customers as of Dec. 31, according to its annual report to the U.S. Securities and Exchange Commission (SEC).

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.



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