Public.com, a social investing network, has announced its customers can now buy, sell, and hodl cryptocurrencies. The company said in an announcement the new service will be rolled out to eligible members gradually over the next several weeks.
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Initially, Public.com will support the following cryptocurrencies:
- Bitcoin (BTC).
- Ether (ETH).
- Cardano (ADA).
- Dogecoin (DOGE).
- Litecoin (LTC).
- Bitcoin Cash (BCH).
- Stellar (XLM).
- Ethereum Classic (ETC).
- Dash (DASH).
- Zcash (ZEC).
The company says cryptocurrency execution and custody services are provided by Apex Crypto, an affiliate of Apex Clearing. Public.com also noted the service is currently has no support for a crypto wallet, which means all the cryptocurrencies will be stored at Apex Crypto. The new feature is also not available in New York state as Apex Crypto currently does not have a BitLicense. Founded in 2019, Public.com raised over $310 million to date from various investors, including Tiger Global and Accel.
The new services appears after Robinhood said on that eligible clients will be able to begin testing cryptocurrency wallets this month. The access will also be rolled out gradually as the company will get enough feedback on the new service.
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