Trading App With Over 1 Million Users Expands Crypto Offering With $SOL, $MATIC, $LUNA, and Others
Public, a popular trading app competing with Robinhood (NASDAQ: HOOD) that has already amassed over one million users, has expanded its cryptocurrency offering with the addition of numerous new cryptocurrencies.
According to Business Insider, the company now offers 21 cryptocurrencies via its commission-free trading platform, as it has recently listed Solana ($SOL), Terra ($LUNA), Chainlink ($LINK), Uniswap ($UNI), Avalanche ($AVAX), SushiSwap ($SUSHI), Basic Attention Token ($BAT) and Ren ($REN).
On the app, various investors purchased the new additions right after the announcement, as a scroll showing user purchases on the tokens’ pages revealed. Public launched cryptocurrency trading last month and started with just $BTC, $ETH, and $DOGE.
Shortly after, as CryptoGlobe reported, it added the meme-inspired cryptocurrency Shiba Inu ($SHIB), which went on to trade alongside $BCH, $LTC, and $ADA. SHIB’s addition made headlines as the cryptocurrency’s dazzling performance saw it enter the top 10 by market cap this year.
Public, Business Insider reports, aims to make the stock market “social.” It was launched in 2019 and has live audio features that allow executives to offer insight. It has a weekly “Crypto Club” session with news and information on digital assets.
When users try to trade crypto in Public, it warns them about the volatility of these investments. In comparison, Robinhood offers seven cryptocurrencies, but is planning to rollout cryptocurrency wallets and has live phone support.
The platform’s Chief Operating Officer (COO) has recently praised the $SHIB community for expressing what it wants, but did not detail whether it will be listed on the platform. A petition asking the platform to list Shiba Inu has already surpassed the 500,000 signature mark.
The petition, titled “Kindly request of Robinhood to list Shiba Inu coin,” has at the time of writing over 525,000 signatures and is looking to get to one million. In mid-October, the petition had around 240,000 signatures.
It mentions that Robinhood has listed Dogecoin ($DOGE), a rival meme-inspired cryptocurrency, that was a “huge success” for the trading platform. As CryptoGlobe reported, Robinhood listing Dogecoin was very positive for the firm as its revenue increased because of a DOGE trading frenzy seen this year.
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