The neo-brokerage group Public.com, based in New York, announced that, in the coming days, it will be launching a feature on its platform that will allow its clients to transact with different cryptocurrencies.

The brokerage revealed that through the new function “users will have the possibility of trading and storing crypto assets in the same application used to manage their portfolios of stocks.”

Public.com’s new crypto asset trading service will provide support, in principle, for 10 digital currencies, among which are: Bitcoin (BTC), Ether (ETH) and Dogecoin (DOGE), Cardano (ADA), Litecoin (LTC) and Bitcoin Cash (BCH), Stellar (XLM), Zcash (ZEC), Ethereum Classic (ETC) and Dash (DASH).

The digital company will be offering the digital currency trading service in partnership with Apex Crypto, but since Apex Crypto does not have the business license or BitLicense to operate in New York, the product will not be available to residents of that state.

Apex Crypto would be responsible for providing users with the “execution and custody service for the new cryptocurrency trading product” from Public.com.”

Conquering new markets

The diversification of the products and services of the company Public.Com and its irruption in the crypto sector could be part of the business strategy to compete with the Robinhood stock trading platform.

Public like Robinhood would be offering commission-free stock trading. However Public.com’s strength is “an additional social media component that could take advantage of the emerging retail investment frenzy boosted by meme stocks.”

M.Rodríguez

Source: cointelegraph

La entrada Public.com to launch function to trade in cryptocurrencies apareció primero en Bitfinance.

During the last 12 months various cryptocurrencies have recorded gigantic profits and although 2021 is not over, it is already considered by many as the most important year in the history of digital assets, because cryptoeconomy is reaching historical maximums.

March 12, 2020, is remembered as the “Black Thursday” in the ecosystem due to the losses caused to the crypto assets of the world. However, after that date the market has experienced monumental growth, transforming 2021 in an amazing year for Bitcoin, Ether and many other digital assets.

Among the cryptocurrencies that have reached a greater growth during the last twelve months is, at first place, Game Stars (GST), which a year ago was valued at $ 0.40 and currently registers an increase of 41,882 %. It is followed by MIR (MIR) that was quoted at 3.73 dollars and has increased by 41.462% in one year.

Dogecoin (Doge) is in third place. It increased by 7.730 %, currently “each token is negotiated today at $ 0.283″, and is considered one of the most valuable digital currencies in terms of market capitalization.”

Other assets that register important dividends, in the last year, are Binance Coin (BNB) and Cardano (ADA). BNB registers an increase of 1,649 %, and ADA reports profits below 1,450%, during the year.

For its part, ETH registers a percentage equivalent to 630 % in its profits and according to the statistics occupies the fourth place. Finally, Bitcoin has experienced an increase in the order of 300 %.

M. Rodríguez.

Source: crypto247.com

La entrada The cryptoeconomy increased vertiginously in 2021 apareció primero en Bitfinance.