In a February presentation, PayPal said its total addressable market, including bill payment, government payments and asset trading was $110 trillion. (File pic shows: The Paypal Holdings Inc. Venmo application is displayed on an Apple Inc. iPhone in an arranged photograph taken in Washington.)
NEW YORK: Shares of PayPal Holdings Inc jumped on Monday after a report that it is exploring ways to let its U.S. customers trade individual stocks on its platform.
The payments company also hired brokerage industry veteran Rich Hagen, CNBC reported, citing two sources familiar with the matter. Hagen is the chief executive officer of Invest at PayPal, as well as the co-founder and former president of brokerage Ally Invest, according his LinkedIn page.
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