Robinhood competitor Public adds cryptocurrency trading to its platform as digital assets rally

Robinhood competitor Public adds cryptocurrency trading to its platform as digital assets rally

Users of trading app Public.com will soon be able to trade cryptocurrencies, a feature its competitors and WeBull already provide. Public will gradually offer trading in 10 digital assets - bitcoin, ether, cardano, dogecoin, litecoin, bitcoin cash, stellar, ethereum classic, dash, and zcash - over the next several weeks, . Members can invest as little as a dollar. Apex Crypto will provide execution and custody services for Public's new crypto-trading feature. New Yorkers, however, will not be able to trade digital assets in the app until Apex Crypto obtains its BitLicense in the state, said Public, which is "optimistic that crypto will be available to New York residents soon." Public is releasing the new feature as cryptocurrencies have rallied this week, led by shiba inu and bitcoin. Bitcoin as investors sought to hedge inflation with cryptocurrency. Shiba inu, the dogecoin spinoff, has rallied , thanks to a nudge from Elon Musk on Twitter. Public, which launched in September 2019, has a much more visible social aspect compared to competitors like Robinhood and WeBull, . In keeping with its slogan "Public makes the stock market social," the company launched a , similar to that of the Clubhouse app, and has invited