Sunday, 26 May 2024

Paypal to offer stocks following launch of cryptocurrency trading platform

5 min read

Paypal is exploring the possibility of launching a platform to trade individual stocks. The company has already rolled out the ability to trade cryptocurrencies last year in the US and more recently in the UK. The move comes amid a retail trading boom, with more than 10 million new investors having entered the market in the first half of 2021. Dan Schulman, CEO of Paypal, has previously commented at the company’s investor day in February that the long-term vision for the company would include many more financial services, including “investment capabilities”.

 

Re-disseminated by The Asian Banker from Paypal with additional news coverage from CNBC

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