Effective Monday, cryptocurrency trades between $1 and $4.99 will incur a charge of 49 cents, while trades between $5 and $25 will be charged 99 cents, trades between $25 and $75 will be charged $1.99 and trades between $75 and $200 will be charged $2.49.
Trades between $200 and $1,000 will still be charged a fee of 1.8%, and any trades above $1,000 will continue to be charged a fee of 1.5%. PayPal and Venmo customers in the United States can currently buy, sell, hold and pay at checkout with Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
PayPal ended 2021 with $1.25 trillion in total payment volume, with a record 5.3 billion transactions in the fourth quarter alone. Venmo processed approximately $230.1 billion in total payment volume, growing 44%. The company ended the year with 426 million active accounts, including 34 million merchants. , first-time purchases of crypto via the mobile wallet have climbed 40%. PayPal expects its total payment volume to reach $1.
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