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- Trading app Public doubled its cryptocurrency offerings Wednesday to 21 in total.
- The app’s users poured into the new offerings, including avalanche, solana, polygon, and sushiswap.
- Competitor Robinhood has just seven crypto offerings on its app.
Robinhood competitor Public doubled its cryptocurrency offerings Wednesday with altcoins like avalanche and polygon making the cut.
The company announced that it now has 21 cryptocurrencies listed on its platform with the addition of Solana, Terra, Uniswap, Avalanche, Chainlink, Polygon, Algorand, SushiSwap, Basic Attention Token, and Ren.
On the app, a deluge of investors bought up the latest coins within hours of the company adding them, according to the Twitter-like scroll showing user purchases on each of the tickers.
Public launched cryptocurrency trading last month with well-known digital assets like bitcoin, ethereum, and dogecoin first on the platform. Shortly after the initial launch, it added shiba inu coin amid the meme crypto’s epic rally.
Robinhood, on the other hand, has seven cryptocurrencies available for trading on its platform and turned down thousands of retail investors who asked the app to add shiba inu coin.
Public, which aims to make the stock market “social,” launched in 2019. Similar to the Clubhouse app, it has a live audio feature where executives among others can offer insight. That feature now includes weekly “Crypto Club” sessions with news and information on digital assets.
When adding crypto trading to a Public account, the app reminds users digital assets “can be more volatile than other types of investments.” The app also has “volatility reminders” on crypto pages to ensure investors can make informed choices, the company told Insider previously.
Bitcoin and ethereum notched new all-time high prices of $69,000 and $4,770 this week, bringing the total value of the cryptocurrency market to $3 trillion for the first time.