July 20, 2020 PayPal said to have chosen Paxos as cryptoasset service provider.

The financial technology company, PayPal has reportedly chosen the cryptoasset firm, Paxos to provide its brokerage service as part of PayPal’s reported upcoming cryptoasset trading functionality. It is not currently clear which assets PayPal will be offering to its customers, however. The news follows recent reporting of PayPal’s supposed upcoming entry into the cryptoasset markets and Paxos’s deal with Revolut US to provide the regulatory compliance and technology infrastructure for Revolut’s new cryptoasset offering to U.S. customers.

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