PayPal Holdings rose almost 4% on Tuesday after it was reported that it is exploring the possibility of launching an exchange trading platform. Let's clarify that the platform will only be available to users from the United States, and only certain shares will be available for trading.
The payments company is said to have already hired brokerage industry veteran Rich Hagen, co-founder and former president of Ally Invest, in connection with the idea.
PayPal itself has not yet responded to Reuters' request for comment. The agency recalls that PayPal has 400 million accounts. In the first half of the year, the payment company allowed users in the United States to pay for purchases with cryptocurrency. And last week, users in the UK also got this opportunity.