Investment platform with $1.2bn valuation offers crypto trading to clients

October 20, 2021


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

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

The minimum investment amount is $1.

Crypto on Public Invest in Bitcoin, Dogecoin, and more.  Public.com - Google Chrome
The service is implemented in partnership with Apex Crypto, a subsidiary of Apex Clearing, which has provided transaction execution and custodial services.

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

Public.com has been operating since 2019. In February 2021, the company closed a $220m funding round with a valuation of $1.2bn.

As a reminder, Public.com's competitor, online broker Robinhood, added cryptocurrency trading capability in 2018.

Robinhood began testing a wallet for digital assets in 2021.

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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