USSTOCK.TODAY
Market Closed
Log in Sign up

Alphabet expands business with cryptocurrency custody services for financial institutions

The Motley Fool +1 · ·by G4L

GOOGL Alphabet Inc
$288.15 +1.18%
View chart & analysis →
GOOG +0.75% MPC +4.60%
  1. 1Alphabet is expanding into the cryptocurrency sector through cryptocurrency custody services for financial institutions on October 28.
  2. 2Binance announced on October 30 that a hacker stole $6.3 billion of funds.
  3. 3Google Cloud revenue of $30.7 billion in the third quarter of 2026 accounted for 24.1% of Alphabet's total revenue of $127.6 billion.

So what's the key point?

Alphabet is starting a service to hold cryptocurrency for financial institutions. Google Cloud revenue reached $30.7 billion, accounting for 24.1% of Alphabet's total revenue.

Source The Motley Fool +1 · View original ↗

Related 3-line summaries

YouTube dominates market with 15.8% share of US TV viewing time BeInCrypto · 1h agoAI Market Polarization: Winners and Losers Divided by Capital Access and Political Variables The Motley Fool +1 · 9h agoApple accelerates Siri AI roadmap and avoids $2.7 billion in taxes Stocktwits +2 · 10h ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news