News Stocks 

Square stock gains after Instinet pens bullish note on Square Cash app growth

“He wrote that Square Cash app downloads began accelerating prior to the launch of bitcoin BTCUSD, -2.88% trading on the app” writes Emily Bary for SQ, +1.83% shares are up 1.8% in Wednesday morning trading after Instinet analyst Dan Dolev wrote a note to clients highlighting the growth of the Squash Cash app.Square monetizes the Cash app in a number of ways, including through bitcoin trading, charging for instant access to deposits, and an associated debit card.PYPL, +0.10% Dolev estimates that Squash Cash is approaching Vemmo in terms of cumulative app downloads, citing Sensor Tower data and his own research.

Share This:

Related posts