Cash App adds stock trading
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Cash App, the bitcoin-friendly payments app from Square, has officially announced stock trading support. With Cash App, users can purchase fractional shares of publicly traded companies with as little as one dollar.
"You don’t need to buy an entire share to make your first investment," Cash App noted from its official Twitter account. The firm also added that the stock investment feature will be "rolling out to everyone soon."
Bloomberg first reported Square's plan to test free stock trading in Cash App back in September. Earlier this month, Brokerage giant Charles Schwab announced plans to allow its traders to purchase fractional shares of stocks.
AUTHOR
Steven Zheng is a researcher for The Block. He joined The Block in August 2018. Steven graduated from St. John’s University with a degree in economics. Previously, he covered blockchain and crypto at Radicle, a startup analytics firm. He also had brief stints at Cheddar, a media startup, and Bowery Capital, a venture capital firm. He owns bitcoin. Follow Steven on Twitter at: @Dogetoshi
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