By Matt Grossman

--PayPal Holdings Inc. is exploring the possibility of launching a stock-trading platform for its users, CNBC reports, citing people familiar with the plans.

--The platform would let users trade individual stocks and would follow PayPal's rollout of cryptocurrency trading last year.

--Newly hired executive Rich Hagen, formerly of Ally Financial Inc., has a role in planning for the possibility of PayPal's offering a wider range of financial services.

Full story: https://www.cnbc.com/2021/08/30/paypal-is-looking-to-launch-a-stock-trading-platform-for-its-customers.html

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

08-30-21 1214ET