PayPal's Cryptocurrency Services Expand Globally, Supporting 15+ Digital Assets

PayPal has expanded its cryptocurrency services in a significant way, supporting buying, selling, holding, and transferring around 15 to 20 digital assets through its custodial wallet integrated into existing accounts. The platform now operates one of the largest retail-facing crypto services globally, with over 400 million global accounts.

Users can select from established cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Bitcoin Cash, as well as PayPal's own stablecoin, PYUSD, which was introduced in March 2026 and has reached a market capitalization of approximately $4.3 billion.

The platform charges tiered transaction fees ranging from 1.50% for purchases over $1,000 to 2.20% for purchases under $75, plus a separate exchange rate spread on each trade. PYUSD, however, has no fees for buying or selling it for U.S. dollars.

PayPal operates a custodial model where the company holds private keys on behalf of users through Paxos Trust Company. This design simplifies the user experience but means users do not directly control their own keys.