Skip to main content

#Bitcoin Giant Square Reveals ‘Strong Engagement’ on Crypto Trading Platform Amid Market Pullback


Free Crypto Signals Mobile APP

https://play.google.com/store/apps/details?id=com.freecryptosignals.app


                       Visit - https://t.me/cryptosignalalert



For more news latest update on Cryptocurrency,Free Crypto signals & Bitcoin Binance auto trading BOT visit above given Telegram channel

 In a new investor conference call, Square’s chief financial officer, Amrita Ahuja, says the company has seen “very strong engagement” on its Bitcoin product in the past few weeks, amid extreme volatility in both traditional and crypto markets.

Adoption and engagement of fractional equity investing in Bitcoin has accelerated in recent weeks given recent market interest and volatility.”

The king cryptocurrency plummeted alongside equities this month, as the economic fallout from the coronavirus outbreak. Bitcoin nosedived from nearly $8,000 to below $4,000 in a span of 48 hours. Despite the wild swings sparked by pandemic, Ahuja remarked that some Cash App users took advantage of the recent Bitcoin crash.

In the fourth quarter of 2019, Square reported that it sold $178 million worth of Bitcoin, which represents quarter-over-quarter growth of more than 313%. All in all, Cash App generated $516 million in Bitcoin revenue, amounting to $8 million in gross profit in 2019.

The San Francisco payments company began offering Bitcoin buying and selling for its Cash App users in the US in August of 2018.

Labels:

Comments

Post a Comment

Popular posts from this blog

##Andreessen Horowitz to Launch New $450 Mln Cryptocurrency Fund

Free Crypto Signals Mobile APP - https://play.google.com/store/apps/details?id=com.freecryptosignals.app              Visit - https://t.me/cryptosignalalert For more news latest update on Cryptocurrency,Free crypto signals & Bitcoin Binance automated trading BOT which trades automatically in your account visit above given Telegram Venture capital behemoth Andreessen Horowitz is set to launch another fund that is solely dedicated to investing in the cryptocurrency industry, according to The Financial Times.   a16z will reportedly raise $450 mln for its second crypto fund, but it is yet to determine its maximum size A major crypto bet  Andreessen Horowitz launched its first dedicated fund for cryptocurrency investors back in 2018. It collected $350 mln to spend all this money on everything crypto -- from startups and obscure coins to Bitcoin (BTC). The holding period of the VC shop can stretch to a whol...
Post a Comment
Read more

##Andreessen Horowitz raises $515 million for crypto VC fund

Free Crypto Mobile Signals App - https://play.google.com/store/apps/details?id=com.freecryptosignals.app               Visit - https://t.me/s/cryptosignalalert For more latest update news on Cryptocurrency, Free Crypto signals on Telegram & Bitcoin Binance automated trading BOT visit above given Telegram channel The Silicon Valley VC firm raised $65 million more than it expected. Silicon Valley behemoth raises $515 million for crypto fund. The money will be used to launch new blockchains. This is the firm’s second crypto fund. Silicon Valley venture capital behemoth Andreessen Horowitz has raised over half a billion dollars for a new crypto fund.  The $515 million investment fund, which reportedly closed today, surpasses its initial goal of $450 million by $65 million. Chris Dixon, who leads the fund along with colleague Katie Kaun, wrote in a tell-all blog post that the money will be used to debut several...
Post a Comment
Read more

#Former Trump advisor: Coronavirus will hasten move to Digital Money

Free Crypto Mobile Signals App - https://play.google.com/store/apps/details?id=com.freecryptosignals.app               Visit - https://t.me/s/cryptosignalalert For more latest update news on Cryptocurrency, Free Crypto signals on Telegram & Bitcoin Binance automated trading BOT visit above given Telegram channel Gary Cohn thinks that cash is contaminated trash, and that, amid the coronavirus, it’s high time to move towards digital wallets. In brief A former Trump advisor believes the coronavirus has hastened the move towards digital wallets. These would bring many benefits such as quicker access to government aid. But he notes that it might not be any time soon. Gary Cohn, a former director of the US National Economic Council, believes that “the slow rise of digital currency has been given a gigantic boost” by the coronavirus pandemic.  In an op-ed in the Financial Times yesterday, Cohn, who is also on t...
Post a Comment
Read more