Israeli website Calcalist has reported that Paypal is in talks to acquire digital asset custody firm Curv for $200 – $300 million. Late last year PayPal launched cryptocurrency trading in the U.S. with the service powered by U.S.-based Paxos. It intends to roll out the ability for merchants to accept cryptocurrencies this month.
Shortly after the launch, rumors emerged that PayPal was on the hunt for acquisitions. At the time, BitGo, a digital asset custodian and prime broker were mentioned. But with more than $16 billion in assets under management, it might be more pricey than Curv.
Israeli startup Curv has raised almost $30 million to date, including a $23 million Series A in the middle of last year, which included Commerzbank Ventures as an investor as well as Coinbase Ventures, Digital Currency Group, Team8 and Digital Garage Lab Fund.
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