Square’s Cash App Bitcoin Revenue Surges 600% in Q2, Profit Up 711%
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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| CryptoCurrency | USD | Change 1h | Change 24h | Change 7d |
|---|---|---|---|---|
| Bitcoin | 0.29 % | 2.50 % | 6.29 % | |
| Ethereum | 1.01 % | 3.67 % | 17.07 % | |
| Binance Coin | 0.93 % | 5.35 % | 23.25 % | |
| XRP | 3.14 % | 10.87 % | 52.24 % | |
| Dogecoin | 7.75 % | 116.54 % | 517.29 % | |
| Tether | 0.00 % | 0.07 % | 0.12 % | |
| Cardano | 1.36 % | 3.99 % | 15.08 % | |
| Polkadot | 1.03 % | 5.25 % | 0.82 % | |
| Litecoin | 1.22 % | 6.58 % | 35.99 % | |
| Bitcoin Cash | 2.37 % | 28.25 % | 73.53 % | |
| Uniswap | 0.13 % | 3.60 % | 22.03 % | |
| Chainlink | 0.52 % | 0.97 % | 28.77 % | |
| VeChain | 1.69 % | 9.83 % | 72.04 % | |
| Theta Network | 1.09 % | 10.41 % | 7.45 % | |
| Stellar | 2.49 % | 6.44 % | 20.40 % | |
| Filecoin | 0.92 % | 5.67 % | 17.27 % | |
| USD Coin | 0.23 % | 0.18 % | 0.41 % | |
| TRON | 0.24 % | 1.10 % | 31.27 % | |
| Wrapped Bitcoin | 0.31 % | 2.52 % | 6.19 % | |
| EOS | 0.24 % | 8.29 % | 31.63 % |