Public Trading App Lists Shiba Inu Coin On Its Trading Platform As Robinhood Rival Expands Crypto Offerings | Currency News | Financial and business news

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A shiba inu dog. Shutterstock
  • Crypto traders can now buy and sell shiba inu coins on the Public trading app, the company said.
  • Public added cryptocurrency trading to its platform earlier this month.
  • Public users can trade multiple coins including bitcoin, ethereum, litecoin, and dogecoin.

Public, a retail app, has added the shiba inu coin to its list of cryptocurrencies that users can buy and sell on the platform.

The trading app added cryptocurrencies to its platform earlier this month, allowing users to invest as little as a dollar in digital assets including bitcoin, ethereum, bitcoin cash, dogecoin, litecoin and cardano, among others.

The latest addition comes as the shiba inu coin, inspired by dogecoin and its namesake dog breed, took part in an epic rally this month, thanks in part to the hype from Tesla CEO Elon Musk. Even though the shiba inu coin has removed several zeros from its decimal place, it is still only worth a fraction of a dime.

In an email to Insider, a spokesperson for Public said, “Because crypto prices can be volatile in the short term and tend to follow different patterns than stocks, Public will have volatility reminders. on the crypto pages to ensure that investors can make their own decisions with the context.

Users who have already enabled crypto trading in the app can start buying and selling the token, Public said, adding that any user can check out the shiba inu page to learn more about it. Apex Crypto provides execution and custody services for the app’s crypto-trading feature, Insider previously reported.

Public, which launched in September 2019 as a more social investing app, has more than one million users and a market value of around $ 1.2 billion, according to the spokesperson. On its website, the firm claims that it does not make money from payment for order flows, unlike competitors like Robinhood. It claims that removing PFOF from its business model in February was aimed at aligning their interests with those of their users.


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