Investment platform valued at $1.2 billion offers crypto trading to clients

The American investment platform Public.com has added the ability to trade cryptocurrencies.

Previously, individual investors on Public.com could trade only US-listed stocks and exchange-traded funds. Now the platform has opened access to Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dogecoin, Litecoin, Stellar, Zcash, Cardano and Dash.

The minimum investment amount is $1.

The service is delivered in partnership with Apex Crypto, a subsidiary of Apex Clearing, which provides trade execution and custody services.

Users can buy and sell, and hold digital assets, without fees, but individual wallets are not provided.

Public.com has been operating since 2019. In February 2021, the company closed a $220 million funding round at a $1.2 billion valuation при оценке $1,2 млрд.

Robinhood, Public.com’s competitor, added cryptocurrency trading in 2018.

In 2021, Robinhood began testing a wallet for digital assets.