What is PayPal Holdings, Inc?
PayPal Holdings, Inc. is a global online payment system supporting online money transfers and operating as a payment processor for commercial users. The company is headquartered in San Jose, California, with its operational base in Omaha, Nebraska.
The company that would later become PayPal was established in 1999 under the name Confinity by Max Levchin, Peter Thiel and Luke Nosek. Focused on handheld technology in its early days, the company quickly pivoted towards the development of a secure online wallet, the first version of which was launched in late 1999.
On March 2, 2000, Confinity merged with X.com, founded by the present-day household name Elon Musk. The new entity was officially named PayPal in 2001 and went public in 2002. PayPal quickly became the leading form of payment on the increasingly popular website, eBay.com. They were subsequently acquired by their largest customer in 2002 shortly after their IPO. PayPal would remain a subsidiary of eBay until 2014, when mounting investor pressure forced them to spin off and form a separate company. PayPal has pursued an aggressive acquisition strategy since its founding, allowing it to remain one of the most dominant online payment companies. On October 21, 2020, the company entered the cryptocurrency market, launching new services allowing customers to buy, hold and sell a wide number of cryptos.
Performance of PayPal stock price
The PayPal share price debuted at $13 in its IPO in February 2002. At the time this equated to a market capitalisation of less than $1bn (£759m, €847m). The PayPal share price skyrocketed on its first day, rising more than 50 per cent. After pressure from activist hedge fund investors gained widespread traction in 2014, eBay shareholders were allocated 1 PayPal share per eBay share, and the current version of PayPal was formed. The company is listed under the ticker PYPL on the NASDAQ exchange.
The PayPal share price has traded within the 52-week range of $82.07-$215.83 with a market cap of more than $225.6bn in late 2020. PayPal stock trading has an average volume of eight million shares per day. There have not been any share splits recorded in the history of the company.
How to invest in PayPal stock?
PayPal stock trading occurs on the NASDAQ exchange. Those looking to invest in PayPal stock can purchase them directly through the exchange, via a broker, or indirectly through an index which includes PYPL. Traders are also able to purchase derivatives based on PYPL shares such as CFDs or options.
Traders looking to invest in PayPal stock by using the Currency.com tokenised platform are able to profit from upward or downward movements in the PayPal share price without having to invest directly. Tokenised assets are crypto derivatives whose value is linked to the value of a particular asset, in this case the PayPal share price. The token is registered using distributed ledger technology (DLT) the same way cryptocurrency is recorded. This technology allows for trading using crypto without the need of converting back and forth with fiat currency, saving exchange fees. The utilisation of this technology allows for tokenised asset trading to be efficient, inexpensive and secure.
Trading tokenised assets based on the PayPal stock price, you can take a long or short position depending on whether you feel the price today is over or under-valued based on the price chart. If you think the PayPal stock price will decrease you can take a short position; if you think it will increase you can take a long position. Trading in tokenised assets on Currency.com also allows for traders to benefit from the leverage offered on the platform, up to 1:500.
Why trade PayPal stock with Currency.com
Trading tokenised PayPal shares at Currency.com tokenised assets exchange has a number of advantages. Tokenised assets are underpinned by robust and immutable blockchain technology. Opening a trade will give you a token that tracks and moves according to the underlying instrument's price.
- One-stop crypto trading platform
Trade tokenised PayPal shares with Bitcoin or Ether. Benefit from the stock’s price movements without exchanging your crypto assets into fiat.
Trade tokenised stocks with a tight market spread; benefit from maker rebates and competitive taker fees.
Experienced traders can trade the world’s top stocks, like PYPL, with up to 1:500 leverage.
- Effective risk management
Manage your risks and secure your profits with stop-loss and take-profit orders. Save your assets with negative balance protection.
We have a scalable and low latency order management system, which can execute 50 million trades per second.
Currency.com operates under new Belarusian regulation with best-in-class AML and KYC laws. Regulatory details and fees are upfront.
Tokenised shares trading guide
Trading tokenised PayPal shares is no more difficult than regular stock. To begin trading tokenised assets, you will need to follow a few simple steps:
- 1. Register for an account with Currency.com.
- 2. Deposit funds (with crypto or fiat) in the account.
- 3. Determine the position size desired, accounting for the leverage offered by Currency.com.
- 4. Determine your trading position (long or short) based on expected price movement and purchase tokenised PayPal shares. Currency.com matches the long orders from its clients with the sell orders and then hedges the unmatched orders through Capital.com or LMAX Digital, or exchanges such as Binance, Bitstamp, Kraken, NASDAQ, NYSE and Gain Capital.
- 5. Close your position when applicable. You can set a take-profit or stop-loss indicator to ensure you are not required to constantly monitor the price. Funds will deposit back to your account after closing and you can withdraw or take a new position.