Public, a commission free stock-trading app similar to Robinhood, will allow its users to buy and sell cryptocurrency in the coming weeks.
- The company said Thursday users will be able to trade 10 cryptocurrencies to start: bitcoin, bitcoin cash, ether, ethereum classic, litecoin, dash, stellar, cardano, zcash and dogecoin.
- Public’s customers in New York will not be immediately able to trade crypto because the company doesn’t have a state BitLicense, Public said. The firm is working on getting one, however, and says it is optimistic crypto will be available to New York residents “soon.”
- The back-end operations of Public’s new crypto offerings will be managed by Apex Crypto.
- Public joins the likes of Square and Robinhood in offering cryptocurrency trading on its platform.
- The company says it is working towards offering its own crypto wallet in the future.
- Public said it passed the million user mark last February and has raised $310 million from investors.
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