‘Public’ Adds Cryptocurrency Trading Citing Millions of Investors See Crypto as ‘Compelling Asset Class’

'Public' Adds Cryptocurrency Trading Citing Millions of Investors See Crypto as 'Compelling Asset Class'

Investing platform Public, with over 1 million users, is rolling out cryptocurrency trading. “Crypto is gaining momentum as a compelling asset class for millions of investors,” the company said.

Public Launches Cryptocurrency Trading

Investing platform Public describes itself as “the investing social network where members can own fractional shares of stocks and ETFs [exchange-traded funds], follow popular creators, and share ideas within a community of investors.” The company announced Thursday:

Today, we’re adding crypto on Public. Members will be able to buy, sell, and hold crypto assets in the same app they use to manage their stock market portfolios.

“Members can now explore ten cryptos in the app: bitcoin (BTC), ether (ETH), cardano (ADA), dogecoin (DOGE), litecoin (LTC), bitcoin cash (BCH), stellar (XLM), ethereum classic (ETC), dash (DASH), and zcash (ZEC),” the company detailed. “The offering will be rolled out to eligible members gradually over the next several weeks.” Users on Public can invest with as little as $1 when the feature is available to them.

The company said it has more than 1 million members, 90% of whom are first-time investors. After a fundraising round in February, the company’s valuation reportedly rose to $1.2 billion. Actor Will Smith is among the investors of the company. Public competes with platforms like Robinhood but is much smaller.

Trading of cryptocurrencies on Public is powered by Apex Crypto, which provides cryptocurrency execution and custody services. Apex Crypto currently does not have a Bitlicense so Public’s new crypto feature will not be immediately available to residents of New York.

Furthermore, Public currently does not provide a crypto wallet but said it is working toward offering one in the future. The investment company wrote:

Crypto is gaining momentum as a compelling asset class for millions of investors.

What do you think about Public offering trading in cryptocurrencies? Let us know in the comments section below.


Share on facebook
Share on twitter
Share on pinterest
Share on linkedin

Follow Us

Most Popular

Get The Latest Updates

Subscribe To Our Weekly Newsletter

No spam, notifications only about new products, updates.
On Key

Related Posts

Bitcoin Price Prediction – Why did Bitcoin Price Crash?

The cryptocurrency market recently saw a huge spike in prices. Bitcoin, the leading cryptocurrency by market cap saw a rise of more than 10% in the past 7 days. Today on the other hand was a red day. The cryptocurrency market on an aggregate level lost around 4%. Most investors are already dreading their sudden

This Is Why Bitcoin Flash Crashed By 87% To $8,000 On Binance.US

Earlier today, the bitcoin price temporarily dove from $65,820 to a meager $8K on Binance.US, losing some mind-boggling 87% in value before making up those losses in the span of a single minute. Bitcoin Flash Crashes To $8K On Binance.US Bitcoin endured a violent correction on Thursday, but only for Binance’s exclusive United States cryptocurrency

Rich Dad Poor Dad Author Robert Kiyosaki Tells Why He Loves Bitcoin

Renowned Rich Dad Poor Dad author Kiyosaki loves bitcoin over fiat. Kiyosaki advocates for Bitcoin as a superior store of value to the dollar. Staggering debt will soon disqualify the dollar as a store of value. Robert Kiyosaki, the author of the famous book ‘Rich Dad Poor Dad’ says that he loves Bitcoin and distrusts