Square’s Cash App Bitcoin Revenue Surges 600% in Q2, Profit Up 711%

   2020-08-08 07:08

Square Inc. has reported a significant bitcoin revenue increase in the second quarter. Its Cash App generated $875 million in revenue, a 600% increase from the previous year. In addition, Square’s bitcoin gross profit jumped 711%. Square Cash App’s Bitcoin Revenue
Square released its performance report for Q2 2020 on Tuesday. The company’s net revenue, including bitcoin revenue, was $1.92 billion, an increase of 64% year over year. Its gross profit, including from its bitcoin business, rose 28% …




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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin61,717 0.29 % 2.50 % 6.29 %
Ethereum2,436.7 1.01 % 3.67 % 17.07 %
Binance Coin515.35 0.93 % 5.35 % 23.25 %
XRP1.600 3.14 % 10.87 % 52.24 %
Dogecoin0.3807 7.75 % 116.54 % 517.29 %
Tether1.000 0.00 % 0.07 % 0.12 %
Cardano1.420 1.36 % 3.99 % 15.08 %
Polkadot41.75 1.03 % 5.25 % 0.82 %
Litecoin307.90 1.22 % 6.58 % 35.99 %
Bitcoin Cash1,115.4 2.37 % 28.25 % 73.53 %
Uniswap36.86 0.13 % 3.60 % 22.03 %
Chainlink42.16 0.52 % 0.97 % 28.77 %
VeChain0.2049 1.69 % 9.83 % 72.04 %
Theta Network13.87 1.09 % 10.41 % 7.45 %
Stellar0.6050 2.49 % 6.44 % 20.40 %
Filecoin181.50 0.92 % 5.67 % 17.27 %
USD Coin0.9972 0.23 % 0.18 % 0.41 %
TRON0.1627 0.24 % 1.10 % 31.27 %
Wrapped Bitcoin61,771 0.31 % 2.52 % 6.19 %
EOS8.470 0.24 % 8.29 % 31.63 %