Stock Trading App Public to Add Cryptocurrencies

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 announced Thursday.

Users will be able to buy 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 BitLicense there, Public said. The firm is working on getting one, however, and says it is optimistic that 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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