Square 2019 Bitcoin sales exceed $ 500 million

Payment and mobile financial services company Square announced its fourth quarter 2019 financial results. In the quarter, Square sold a total of more than $ 178 million in bitcoin, an increase of about 20% from the previous quarter and a 240% year-on-year increase. In addition, Square's bitcoin sales in 2019 exceeded $ 516 million. Although its sales are still dwarfed compared to the large US retail crypto exchanges, the demand for Bitcoin in Square in the fourth quarter actually surpassed that of Coinbase, Gemini and Kraken.