📈 Crypto Expands Services to Include Stock Trading in the U.S.
🚀 Crypto has announced that U.S. residents can now trade stocks and exchange-traded funds (ETFs) on its platform. This feature is being gradually rolled out in Pennsylvania, Ohio, Washington, and Arizona, with plans for nationwide expansion.
💼 The company aims to compete with platforms like Robinhood and Etoro by allowing users to diversify their portfolios. U.S. users, you can now add stocks and ETFs to your portfolio, the company stated on X. They also plan to offer commission-free trading and the ability to buy and sell fractional shares.
📊 Crypto has seen significant growth, increasing its user base from 10 million in early 2021 to 100 million by mid-2024. Before this move into stock trading, the platform offered various services including a crypto exchange, mobile app, non-custodial wallet, payment platform, and reloadable debit card. The company intends to progressively roll out this new feature across the U.S. in the coming days.
📱 Within the app, eligible users can find a newly added stocks tab. This aligns with Crypto's broader roadmap for 2025 to introduce more features. Recently, they also launched their first sports event trading product and established the Crypto Custody Trust Company to offer custody services to eligible institutions and high-net-worth clients in North America.
🗣️ Following the announcement, CEO Kris Marszalek expressed his excitement: First release of 2025 — we are rolling out Stocks and ETFs to U.S. users. Crypto is set to become the one place to grow all your wealth.
