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    Square’s Cash App Launches Stock Trading Option to Complement Bitcoin Buying Features

    Jack Dorsey-led Square Cash App, a bitcoin-friendly buying app for cryptocurrency payments, adds stock trading support to its list of growing features.

    In a bid to become investors’ one stop solution, Square’s Cash App has officially rolled out stock trading on its platform.

    One of the most popular payments and bitcoin trading apps, Cash App has seen its popularity soar among everyone who wants to ride the bitcoin wave.

    And now armed with approximately 15 million monthly active users, Cash App wants to make stock trading simpler than ever. One can purchase fractional stocks on its platform that allows an investor to own a slice of a public company’s stock in as less as US$1, without paying any fee.

    Twitter’s CEO Jack Dorsey who runs Square tweeted,

    With a zero-fee trading model, Cash App joins the move towards free trading following Robinhood that has garnered 6 million users since its inception and incumbents including Fidelity and Charles Schwab. This move towards fractional trading comes just a week after Charles Schwab announced its entry in the space.

    Following the rollout that makes blue-chip stock ownership easier for everyone, shares of Square rose 5% on Thursday, and are up 9% this year.

    The feature is expected to be available to all the users by the end of 2019.

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    Sakshi Jain
    Sakshi Jain
    Insatiably curious and inappropriately funny, Sakshi lives by the words "Create more than you consume". An ex-employee of Goldman Sachs, Sakshi understands the nuances of all things finance. Now a content writer in the space of fintech, she wants to be both a witness and a teller of a revolution that changed the world we live in and in the process would want to be able to leave behind a legacy however small, however unknown but significant nonetheless.

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

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