PayPal Reports 11% Drop in Crypto Holdings as Retail Interest Wanes

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PayPal Reports 11% Drop in Crypto Holdings as Retail Interest Wanes PayPal has announced an 11% decline in its cryptocurrency holdings for the third quarter, bringing its total crypto reserves down to $2.17 billion, according to DL News.

This decline suggests a pullback in retail investment activities and a possible shift in PayPal’s strategic approach towards its crypto offerings.

The company’s foray into crypto was aimed at tapping into the growing demand among retail investors and providing a secure and user-friendly gateway to digital assets.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Crypto News PayPal

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 13:30:35 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 483 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23339083

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 30 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #121

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