21 sats \ 1 reply \ @k00b 3 Nov 2022 \ on: CashApp Sold $1.76B Worth of Bitcoin During Q3 2022: Down 3% Year Over Year bitcoin
From the description on the graphic in the upper right on page 8:
Bitcoin gross profit was $37 million in the third quarter of 2022. The total sale amount of bitcoin to customers, which we recognize as bitcoin revenue, was $1.76 billion. Bitcoin gross profit was 2% of bitcoin revenue.
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0 sats \ 0 replies \ @k00b 3 Nov 2022
2% fees are pretty dang high.
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