Explore and invest in crypto assets in the same place you manage your stock portfolio.
Crypto is gaining momentum as a compelling asset class for millions of investors. A study fielded earlier this year found that as many as thirteen percent of Americans have traded cryptocurrency in 2021 — and outside that group, many more are curious about learning more as they build a modern, diversified portfolio.
Today, we’re adding Crypto on Public. Members will be able to buy, sell, and hold crypto assets in the same app they use to manage their stock market portfolios. The offering will be rolled out to eligible members gradually over the next several weeks.
Exploring Crypto on Public
Members can now explore ten cryptos in the app: Bitcoin (BTC), Ether (ETH), Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), Bitcoin Cash (BCH), Stellar (XLM), Ethereum Classic (ETC), Dash (DASH), and Zcash (ZEC).
All our members can find the cryptos we offer via the Explore tab and will be able to see relevant information about each, add to Watchlist, and invest with as little as $1 when the feature is available to them.
Crypto holdings appear in the same section as your stock market portfolio, so you can see the full view of your investments on Public in one place. You can drag cryptos you own to your Long-Term Portfolio just as you would stock market investments you plan to hold onto for longer than one year.
Crypto investors on Public can also set Limit Orders for buying and selling. These self-directed parameters can help you buy and sell crypto at a specific price you set.
Crypto with context
With so many investors interested in learning about crypto, we’ve included contextual information in our product to help educate our members on the journey.
The prices of cryptos can be volatile in the short term and tend to follow different patterns than stock market securities. We’ve added Volatility Reminders to crypto pages to ensure our members can make their own decisions with context.
Volatility Reminders are an extension of our Safety Labels feature, which flag potentially risky stocks as per the SEC. This includes micro-cap stocks, leveraged ETFs, bankrupt companies, and highly volatile meme stocks.
Since cryptos are evaluated differently than stock market investments, we’ve included deeper information on each crypto we offer. Tap into a crypto page to browse informational slideshows that share the founding story and thesis, recent headlines, and other pertinent information.
Crypto-focused Public Lives
We’re also introducing the Crypto Club on Public Live, a weekly session that provides educational opportunities in the context of real-time events and trends happening in cryptocurrency and blockchain. Just as you’ve come to rely on Public Live and The Open for your in-app market news and notes, Crypto Club on Public Live will help you learn and grow your crypto literacy for the long run.
How Crypto works on Public
Crypto on Public is powered by Apex Crypto, which provides cryptocurrency execution and custody services.
What about wallets?
Public provides a place for members to buy, sell, and hold crypto. Currently, we do not provide a crypto wallet, but we understand that this is something that some of our members may want and are working toward this in the future.
New Yorkers: Crypto is coming soon
Currently, Apex Crypto does not have a BitLicense in New York state, so the new feature will not be immediately available to residents of New York. Our New York-based members will have the opportunity to view crypto pages and content in the app but they will not be able to trade until Apex Crypto obtains its BitLicense. We’re working hard alongside our partners at Apex Crypto and are optimistic that crypto will be available to New York residents soon.
Our mission is to make the public markets work for all people. For years, the stock market was a complex and intimidating environment — and for many investors, crypto is an even more complex and intimidating concept to navigate. We’re excited to offer crypto to our members with the context and information they need to build financial literacy as a part of their portfolios.
Cryptocurrency trading is offered by Apex Crypto LLC. Cryptocurrencies are not securities and are not FDIC or SIPC insured.
Crypto-currency execution and custody services are provided by Apex Crypto LLC (NMLS ID 1828849) through a software licensing agreement between Apex Crypto LLC and Public Crypto LLC. Crypto trading on Public platforms is served by Public Crypto LLC and offered through APEX Crypto. Please ensure that you fully understand the risks involved before trading.