{"id":349658,"date":"2021-10-07T18:04:41","date_gmt":"2021-10-07T15:04:41","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/stockbroker-platform-public-com-adds-crypto-trading-feature\/"},"modified":"2021-10-07T18:04:41","modified_gmt":"2021-10-07T15:04:41","slug":"stockbroker-platform-public-com-adds-crypto-trading-feature","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/stockbroker-platform-public-com-adds-crypto-trading-feature\/","title":{"rendered":"# Stockbroker platform Public.com adds crypto trading feature"},"content":{"rendered":"

“# Stockbroker platform Public.com adds crypto trading feature <\/strong>”
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Public.com, a neo-brokerage outfit based in New York has announced the launch of crypto trading services for its customers.<\/p>\n

In a statement issued on Thursday, Public revealed that users will be able to trade and store cryptocurrencies on the same app<\/a> used for managing their stock portfolios.<\/p>\n

According to the announcement, the new crypto trading feature will be made available to users gradually over the next few weeks.<\/p>\n

As part of the crypto trading service, Public is offering support for Bitcoin (BTC), Ether (ETH), and Dogecoin (DOGE). Other cryptocurrencies offered include Cardano (ADA), Litecoin (LTC), and Bitcoin Cash (BCH).<\/p>\n

Stellar (XLM), Zcash (ZEC), Ethereum Classic (ETC), and Dash (DASH) complete the list of 10 cryptos to be offered by Public.<\/p>\n

Public\u2019s crypto trading feature is offered in conjunction with Apex Crypto. Since the latter does not hold a BitLicense in New York, the product will not be available for residents in the state.<\/p>\n

Apex Crypto will reportedly provide execution and custody services for Public\u2019s new crypto trading product.<\/p>\n

Public\u2019s foray into the crypto space could be part of the company\u2019s plans to rival major stock trading platform Robinhood. <\/p>\n

Back in February, Public secured<\/a> $220 million in additional funding to cross the $1 billion valuation mark.<\/p>\n

Like Robinhood, Public also offers zero-commission stock trading but has an added social media<\/a> component that could leverage the emerging meme stock-fuelled retail investment frenzy.<\/p>\n

Related: <\/em><\/strong>6M noobs have bought coins on Robinhood Crypto already in 2021<\/em><\/strong><\/p>\n

In February, Public also jettisoned the payment for order flow (PFOF) practice that sees brokerage platforms routing orders to market makers for trade execution rather than sending same straight to exchanges.<\/p>\n

The practice has drawn significant controversy and was a major talking point during the Game<\/a>stop saga from earlier in the year. <\/p>\n

As previously reported by Cointelegraph, Robinhood could lose a significant revenue channel if U.S. regulators ban PFOF.<\/p>\n