Robinhood Rival Public Announces Crypto Buying and Selling Services: A New Era for Investors

The competition in the investment app space is heating up! Robinhood competitor Public is rolling out its cryptocurrency functionality, giving users a new way to diversify their portfolios. The Robinhood look-alike announced on Thursday that its members would be able to buy and sell Crypto in the same app they use to manage their stock market portfolios.

Public Enters the Crypto Arena: What You Need to Know

For those looking for a comprehensive investment platform, Public\'s move into cryptocurrency trading is a significant development. The app will allow users to buy and sell 10 different cryptocurrencies initially, providing a curated selection for both beginners and experienced crypto enthusiasts.

How Public\'s Crypto Trading Works

Wondering about the technical details? The Public will rely on a firm called Apex Crypto to manage the back-end operations of the company’s new cryptocurrency offerings. This partnership ensures a secure and reliable trading experience for users. Public also mentioned that its members can expect a seamless transition between stock and crypto trading within the app.

Key Features and Considerations

While the exact fee structure is still being finalized, what\'s important to note is that Public will not have a commission fee for crypto trading, mirroring its stock trading model. This makes it an attractive option for cost-conscious investors.

Is Public the Right Choice for Your Crypto Needs?

With Public\'s entry into the crypto market, investors now have another platform to consider. Weigh the available cryptocurrencies, the user interface, and the overall investment experience to determine if Public is the right fit for your investment goals. The increasing competition is ultimately beneficial for investors, driving innovation and lower costs in the online brokerage industry.