October 26, 2020, 4:03PM EDT
• 4 min read

Why PayPal might be interested in BitGo

Quick Take

  • PayPal made headlines in the crypto/blockchain industry last week by announcing its 350 million users will be able to buy and sell cryptocurrencies.
  • Then came the news that it was exploring acquisitions of cryptocurrency companies such as BitGo.
  • The acquisition of a crypto infrastructure/prime brokerage provider, such as BitGo, would signal a deviation from how its corporate development team has conducted its previous acquisitions.

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