Great positive news for crypto adoption at large. 70 million users, of which 30% are buying crypto currencies and equities elsewhere.
I am not surprised by that move. According a a 2020 Venmo Customer Behavior Study, over 30% of Venmo’s customers have already purchased crypto currencies or equities, 20% of which started doing that in the past year in the wake of the Covid-19 pandemic.
It’s just good business sense to give people what they want, I think.