Square jumps on news that most of its users can now trade in bitcoin (SQ)

pulse

January 31, 2018 10:21 PM

Shares of Square rose after the company announced that some of its users can buy and sell bitcoin on its platform.

Shares of payment services company,
Square's stock rose 3.08% at $46.92 per share on Wednesday.
The company's CEO Jack Dorsey made the
Bitcoin trading does not extend to users located in New York, Georgia, Wyoming or Hawaii.
Square allows its users to buy up to $10,000 worth of Bitcoin per week.
The company said it does not charge a fee for Bitcoin transactions.
The price it sells Bitcoin for is based on the average price across other major exchanges.

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