Several major crypto businesses reported financial results on Thursday — and it's a mixed bag to say the least.
But in one bright spot for the exchange, it had 8.5 million transacting users — far beyond the 7.8 million analysts had expected.Despite demand for Bitcoin cooling as prices fell, Cash App increased gross profit by 51% in the three months to Sept. 30. Elsewhere, PayPal — which allows its customers to buy and sell crypto — saw its shares fall after slashing its annual revenue growth forecast.
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Several families are happy and some are sad.