PayPal Held $604 Million in Crypto by the End of 2022
![](data:image/svg+xml;utf-8,<svg xmlns="http://www.w3.org/2000/svg" width="1024" height="576" />)
One of the largest payment system platforms on the planet, PayPal, reportedly held $604 million in crypto for customers by the end of 2022. Filings with the US Securities and Exchange Commission (SEC) have shown a large portion of its financial liabilities are held in digital assets.
PayPal introduced cryptocurrencies onto its platform two years ago. However, Cointelegraph notes that the payment giant did not submit similar information on its crypto holdings in its last annual report. Conversely, the filing shows the prominence of crypto in what was a terribly down year, and what it could mean in the long term.
1 comment