Invstr launches crypto trading in partnership with Vast Bank and Coinbase exchange

By Pavithra R

Invstr, an award-winning social investment app, has announced the launch of cryptocurrency trading through a new partnership with Vast Bank and leveraging the Coinbase exchange platform for trading.

Invstr members in all 50 U.S. states can now buy and sell Bitcoin, Bitcoin Cash, Ethereum and Litecoin cryptocurrencies in their Invstr+ accounts. The minimum crypto investment amount is just $5. This enables Invstr+ account holder with the convenience to save or spend their money, and invest commission-free in almost 5,000 US equities, ETFs and cryptocurrencies seamlessly in a single account. The Invstr+ accounts are protected with Okta security and have no monthly or annual fees.

“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 crypto in a US bank and the liquidity of Coinbase. For many people, investing in crypto currencies is a big leap of faith. 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,” said Invstr founder and CEO, Kerim Derhalli.

The collaboration will Vast Bank means that invstr customers’ crypto currencies are custodied in a nationally regulated U.S. bank. Additionally, its alliance with Coinbase adds the world-class liquidity and expertise of one of the largest crypto exchange platforms in the USA.

“Retail investors have experienced a major revelation — that they can make better returns themselves than giving their money to professional Wall Street investors that have historically underperformed the market. Young people actually have a distinct advantage in this age of the retail investor because they are more closely connected to trends that will drive the markets in the future, especially in the crypto, technology and consumer sectors,” added Kerim Derhalli.

Founded in 2013, Invstr is a leading financial educational platform with a range of features including an investing Academy, social network, live simulated portfolios through Invstr’s Fantasy Finance and detailed analytics to help users understand the markets and make more informed investing decisions. Invstr’s financial education includes sections on investing in crypto assets.