Stash, the popular investment app, has launched a new crypto platform for its 2 million active subscribers. The platform will allow users to invest in Bitcoin, Ethereum, and other popular cryptocurrencies.
Liza Landsman, President of Stash, said in a statement: "We've heard from our customers that they want access to crypto, and we're excited to be able to offer it to them. Stash is committed to providing our customers with the tools and information they need to make informed investment decisions."
Stash is a personal finance hub app that combines features of a brokerage account and a robo-advisor with an online bank account. The app offers access to investing and banking services and is designed for everybody.
Stash offers robo-advisor services, retirement accounts, and a debit card. The app allows users to buy fractional shares of stocks and exchange-traded funds (ETFs) and offers fee-free trades. Stash also charges low account fees starting at $1 per month.
Stash is one of the most popular finance apps around, along with Acorns. Both apps offer a way for customers to save and invest their money in a simple and easy-to-use platform.
Stash raised $125 million from investors in a Series G round last year. The app has been expanding its offerings, and the addition of the crypto platform is part of Stash's efforts to provide customers with more investment options.
Stash Financial Inc. has raised $52.6 million in a debt financing round, according to a filing with the Securities and Exchange Commission. The company plans to use the funds to expand its offerings and grow its customer base.
Stash's new crypto platform is a significant move for the company, as it will allow users to invest in the growing cryptocurrency market. The app will offer education and resources to help users make informed investment decisions.
Stash's crypto platform will compete with other popular crypto investment apps, such as Coinbase and Robinhood. However, Stash's platform will have the advantage of being integrated into the app's existing investment and banking services.
Stash's move into the crypto market is a sign of the growing acceptance of cryptocurrencies as a legitimate investment option. As more companies like Stash offer crypto investment options, it's likely that more people will start investing in cryptocurrencies.
Stash's new crypto platform is a significant addition to the app's offerings and is likely to attract new customers. The app's combination of investment and banking services, along with its low fees, makes it an attractive option for anyone looking to start investing.
Overall, Stash's move into the crypto market is a positive development for the app and its users. The addition of a crypto platform will provide users with more investment options and allow them to diversify their portfolios. With its low fees and user-friendly platform, Stash is well-positioned to become a leader in the crypto investment space.
