Public adds cryptocurrency trading and quotes millions of investors who view crypto as a convincing investment class -
Public adds cryptocurrency trading and quotes millions of investors who view crypto as a convincing investment class -
The public investment platform with over 1 million users introduces the trade in cryptocurrencies. "Crypto is gaining in importance as an attractive asset class for millions of investors," said the company.
public starts cryptocurrency trade
The public investment platform describes itself as "the social network for investments in which members can have fractions of shares and ETFs". [Exchange-Traded Funds], follow popular Youtubers and exchanges ideas within an investor community. " The company announced on Thursday:
Today we add crypto to public. Members can buy, sell and hold crypto-assets in the same app with which they manage their stock market portfolios.
"Members can now explore ten cryptos in the app: Bitcoin ( btc ), ether ( eth ), Kardan ( ada ), dogecoin (doge), litecoin ( ltc ), Bitcoin-Bar money ( bch ), star ( xlm ), Ethereum-classic ( etc ), bindestrich ( Bindestrich ) and Zcash (ZEC), "said the company. "The offer will be gradually introduced for justified members in the next few weeks." Users in public can invest with only $ 1 if the function is available for you.
The company claims to have more than 1 million members, of whom 90 % are first investors. After a fundraising round in February, the company evaluation reported reportedly to $ 1.2 billion. Actor Will Smith is one of the company's investors. Public competes with platforms like Robinhood, but is much smaller.
The trade trade in public cryptocurrencies is operated by APEX Crypto, which offers execution and custody services for cryptocurrencies. APEX CRYPTO currently has no bit license, so the new crypto function from public will not be available immediately for New York residents.
In addition, Public does not currently offer a crypto wallet, but is working on offering one in the future. The investment company wrote:
crypto is gaining in importance as an attractive asset class for millions of investors.
What do you think of the stock market trade with cryptocurrencies? Let us know in the comment area below.
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