Mark Weaden
Trading app Public.com will begin offering 10 cryptocurrencies in the coming weeks the platform
A major competitor to Robinhood trading platform Public.com has seen the value in offering digital currencies as a trading asset. We already saw another competitor in the form of WeBull offer crypto trading services recently.
The soaring value of the cryptocurrency market cannot be ignored. Couple that with the demand from traders to have access to digital currencies, it’s no surprise to see major trading platforms adjust to the times.
Which cryptocurrencies will be offered?
Users of the asset trading app Public.com will be able to trade cryptocurrencies in the near future. Governments are still yet to decide regulations for crypto, so investment services and fund managers must wait to offer these kinds of services to the public. The growing demand for access to cryptocurrency trading has led apps and exchanges to become the leading platforms for this service.
Public.com will slowly integrate 10 different cryptocurrencies—Bitcoin, Ethereum, Cardano, Dogecoin, Litecoin, Bitcoin Cash, Stellar, Ethereum Classic, Dash, and Zcash—in the coming weeks. Public.com users will have access to the markets investing as little as a dollar.
Public’s new cryptocurrency trading services will be supported by Apex Crypto, which will provide the execution and custody services. Sadly, according to a statement from Public, New York residents will be unable to trade cryptocurrency using the app, as the state is yet to gain its BitLicense.
Cryptocurrency Markets Soar
This week has seen the biggest movements for the cryptocurrency markets in almost a month. Bitcoin seems to be marching on its way to its all-time high of over $64,000, with other coins like Dogecoin and Shibu Inu also seeing significant improvements thanks to Elon Musk’s Twitter influences.
The value in the cryptocurrency market cannot be ignored and we’ve seen a huge influx of new crypto enthusiasts this year. Public’s director MaryAlex Divver announced "We're excited to offer crypto investing paired with the unique content, context, and community that our members love about Public”, which is a sure sign of the direction for the app.
As interest in cryptocurrency continues to grow, we’re likely to see the app add further digital currencies. For now, the digital assets offered through the app are fairly conservative. But, as highly volatile markets become more stable, we may see more leftfield tokens offered as trading assets.
