Public.com is rolling out its cryptocurrency trading offering available on its stock trading app. The crypto product is powered by Apex Crypto.
Cryptocurrency execution and custody services are provided by Apex Crypto through a software licensing agreement between Apex Crypto and Public Crypto.
While not available in the New York State yet – as Apex Crypto awaits a NY BitLicense – Public will be adding the new offering gradually for eligible investors, who will be able to buy, sell, and hold, ten cryptos and manage them on the app as they already do with equities.
“Our New York-based members will have the opportunity to view crypto pages and content in the app but they will not be able to trade until Apex Crypto obtains its BitLicense. We’re working hard alongside our partners at Apex Crypto and are optimistic that crypto will be available to New York residents soon”, the firm stated.
Bitcoin (BTC), Ether (ETH), Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Stellar (XLM), Ethereum Classic (ETC), Dash (DASH), and Zcash (ZEC) are the first cryptos to be available to invest with as little as $1.
Public also features a Limit Orders tool for buying and selling, which facilitates the setting of a specific price. This may come in handy as cryptos are known for being the most volatile asset class in the trading industry.
This has also prompted the investment platform to add Volatility Reminders to crypto pages to ensure members can make their own decisions with context as well as deeper information on each crypto, including the founding story and thesis, recent headlines, and other pertinent information.
“We’re also introducing the Crypto Club on Public Live, a weekly session that provides educational opportunities in the context of real-time events and trends happening in cryptocurrency and blockchain. Just as you’ve come to rely on Public Live and The Open for your in-app market news and notes, Crypto Club on Public Live will help you learn and grow your crypto literacy for the long run”, said the stock trading platform that is expanding to digital assets.
Thirteen percent of Americans have traded cryptocurrency in 2021 — and outside that group, many more are curious about learning more as they build a modern, diversified portfolio – according to a recent report.