Square, PayPal’s rival in business, serves its consumers with stock and cryptocurrency trading via the Square Cash App. Companies that offer it reach beyond the limits of profitability. Almost every company around the globe looks to boom their business incomes through the facet of trading. Today, trading is one of the most sought out mediums to increase the revenue of businesses. An assortment of viral events (like GameStop in January), government stimulus checks, and lockdown orders during the pandemic have prompted a renewed interest in the stock market. This record roughly matched the recorded level for the year 2020, according to JMP Securities. The first half of 2021, saw more than 10 million individual investors enter the market freshly. The strategy towards providing an abundance of financial services comes amidst a retail trading resurgence. The company’s long-term goals include amalgamating several financial services and investment opportunities under the banner of PayPal. Rich Hagen will serve as a medium for PayPal to seek opportunities in the customer investment business. PayPal’s strategy to start a stock-trading platform Ally Invest later acquired said platform. Hagen was also one of the founders of an online brokerage portal called TradeKing.

After parting ways with Ally Invest, Hagen now sits on the CEO’s chair of a formerly unreported sector of PayPal, dubbed Invest at PayPal. The California-based firm recently employed a brokerage sector veteran, Rich Hagen. PayPal is seeking a potential stock-trading platform to allow end-users to trade individual stocks.Īfter exploring the facet of cryptocurrency trading last year, the financial technology goliath has been seeking methods to let end-users trade individual stocks.

Square or paypal stock