True, I read some stories about how PayPal froze some accounts without any reasons, I wouldn't trust all my crypto to 3rd party custody.
Since PayPal just announced that crypto trading and payment services went live in the US, do you think PayPal may turn into a big competitor to existing cryptoexchages? They can also launch a crypto-currency trading desk as well, why not.
No not possible. I don’t think it will happen anytime soon. We can just simply deposit Bitcoin, Ethereum, Bitcoin Cash and Litecoin and hold it, but Paypal has the custody of our assets. They have a history of freezing accounts without any reason. As the old man said, “Not your keys, not your coins”.