Financial Education and Investing App Offers Commission-Free Cryptocurrency Trading Through a nationally regulated bank, Providing additional trust for new investors in the crypto economy
The award-winning social investment app Invstr announces the launch of cryptocurrency trading through a new partnership with Vast Bank and the use of the Coinbase exchange platform for trading.
Invstr members in all 50 US states can now buy and sell four cryptocurrencies – Bitcoin, Bitcoin Cash, Ethereum, and Litecoin – on their Invstr + accounts. The minimum investment in cryptocurrency is only $ 5.
This means that an Invstr + account holder can save or spend their money, and invest in almost 5,000 US stocks, ETFs and cryptocurrencies without commission on one account. Invstr + accounts are protected by Okta’s security system and have no monthly or yearly fees.
Invstr’s partnership with Vast Bank, the first US bank to offer custody of digital assets, means that Invstr’s customers’ cryptocurrency is held in a US government bank. In addition, Coinbase adds world-class liquidity and expertise to one of the largest cryptocurrency exchange platforms in the US. A recent survey found that 60% of current cryptocurrency owners would use their bank to invest in cryptocurrencies if given the opportunity.
Invstr’s new investment features mean Invstr is not only the best platform for learning smart investing, but also the most convenient and secure digital investment account.
Unlike other investment applications, Invstr has established itself as a leading financial education platform with a number of features including an investment academy, social media, real-time simulated portfolios through Invstr’s Fantasy Finance® and detailed analytics to help users understand the markets and make better investment decisions. Financial Education Invstr includes sections on investing in cryptoassets.
“We are delighted to be working with Vast Bank and Coinbase to offer everyone all the fun, social engagement, financial education, convenience and security of Invstr with the comfort of holding a US bank cryptocurrency and Coinbase liquidity. For many people, investing in cryptocurrencies is a big leap of faith. Our partnership with Vast Bank and the use of the Coinbase exchange platform reduces the perceived risk of investing in cryptocurrencies and should encourage many more people to take the plunge, ”said Invstr Founder and CEO Kerim Derhalli.
“Retail investors have experienced a major revelation – they can make more profit than giving their money to professional Wall Street investors who have historically lagged behind the market. Young people actually have a distinct advantage in this era of retail investors because they are more closely connected to the trends that will shape the markets in the future, especially in the cryptocurrency, tech and consumer sectors. “
Invstr recently launched investment tools and analytics to help investors make smarter investment decisions, along with commission-free banking, brokerage and crypto investment services. Invstr members through Invstr Pro can access live streaming data about cryptocurrencies, stocks, commodities, currencies and other instruments, as well as professional-grade technical research such as RSI and MACD and comparison charts not available in competing apps …
About LLC Invstr.
Invstr is a technology company with a presence in New York, London and Istanbul. Invstr aims to democratize finance with its award-winning smartphone app. Founded by Kerim Derhalli in 2013, the app combines entertainment, training and competition to overcome obstacles and help users become more confident investors. Derhalley was named 2019 Tech Entrepreneur of the Year by the Go: Tech Business Awards 2019 and Invstr – Financial Technology App of the Year at the 2019 UK App Awards. Invstr was also named Fintech Innovator of the Year at the 2018 UK Business Tech Awards and Fintech Founder of the Year at the 2018 BMW i UK Tech Founder Awards. Invstr is available for Android and iOS devices and can be downloaded from the App Store and Google Play.
Coinbase is using cryptocurrency to build a cryptoeconomy that supports a fairer, more accessible, efficient, and transparent financial system. Coinbase was founded in 2012 with the radical idea that anyone should have easy and secure access to Bitcoin from anywhere. Today, Coinbase provides a robust and easy-to-use platform for broader access to the crypto economy.
About Vast Bank
Vast Bank has built its heritage on personal service, strength and decency. With bold leadership and a renewed commitment to customer focus, Vast builds on its past to create a future based on new ideas, world-class technology and a culture of success to delight customers with simplicity and control. The family-owned Vast Bank, located in Tulsa, Oklahoma, has served its clients since 1982. Find out more at https://www.vast.bank/.
See the original version at businesswire.com: https://www.businesswire.com/news/home/20210503005340/en/
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