Social investment app Invstr announced on Monday the launch of its cryptocurrency trading through its collaboration with Vast Bank. Invstr reported that it is using the Coinbase exchange platform for trading and its members in all 50 U.S. states are now able to buy and sell four cryptocurrencies, which are Bitcoin, Bitcoin Cash, Ethereum, and Litecoin, in their Invstr+ accounts. The minimum crypto investment amount is just $5.
“An Invstr+ account holder has the convenience of being able to save or spend their money, and invest commission-free in almost 5,000 U.S. equities, ETFs and crypto currencies seamlessly in a single account. The Invstr+ accounts are protected with Okta security and have no monthly or annual fees.”
Speaking about the partnership with Vast Bank and the trading, Invstr founder and CEO, Kerim Derhalli, shared:
“Our partnership with Vast Bank and leveraging Coinbase’s exchange platform reduces the perceived risk of investing in crypto currencies and should encourage many more people to take the plunge for the first time.”
Founded in 2013, Invstr’s mission is to empower its users to take charge of their financial future by providing them with the education, resources, and opportunity to become confident investors. Users may invest $1 million in virtual cash, access news and data, and win prizes through the app. The company further commented it recently launched investment tools and analytics to help investors make smarter investment decisions alongside its commission-free banking, brokerage and crypto investment services.
Invstr’s app is available for Android and iOS.