Crypto on Public is powered by Apex Crypto, which provides cryptocurrency execution and custody services to Public members.

On June 8, 2023, Apex Crypto will make the following coins available on a “sell-only” basis. If you have any of the above tokens in your Apex Crypto account, you will be able to sell down but not increase your position. Please note that no fees will be charged for any sell orders of these tokens between June 8th and September 19th.

Any remaining positions in the above tokens will be liquidated on September 19, 2023. If you hold any of these tokens in your Apex Crypto account at that time, Apex Crypto will liquidate those positions and deposit any proceeds in your account. You will receive a trade confirmation when this occurs and a notice of the trade in the Public app.

Cryptocurrency investing carries a high degree of risk. As explained in more detail in the Apex Crypto Risk Disclosures, cryptocurrencies have unique features that make investing particularly risky, including risks related to technology and security, heightened volatility, and an uncertain and changing regulatory environment. You must evaluate your particular financial circumstances to determine whether or not trading cryptocurrencies is appropriate for you. You should not invest funds in cryptocurrencies that you cannot afford to lose. The trading of cryptocurrencies can result in substantial losses up to and including all of your investment.

Public and Apex Crypto are not responsible for losses incurred. As with any investment, neither Apex Crypto nor Public are able to provide compensation for market losses.

Our crypto trading provider, Apex Crypto, regularly reviews available coins based on a myriad of factors. The user agreement with Apex Crypto gives them the discretion to modify or eliminate the support of particular tokens at any time.

For several reasons, including increased regulatory uncertainty caused by recent SEC actions, Apex Crypto has decided to remove support for the 15 coins listed above.

In the United States, except for in New York, Apex Crypto makes the following coins and tokens available to trade on the Public platform:

For New York residents, the coins and tokens available through Apex Crypto are:

June 8, 2023: The coins listed above will move to “sell-only” on the Public platform. Users who hold positions in these coins will be able to sell, but users will not be able to purchase these tokens.

September 19, 2023: If a Public user continues to hold a position in any of the above-listed tokens in their Apex Crypto account, that position will be automatically liquidated by Apex Crypto. Proceeds will be returned to the member’s brokerage account, and you will receive a trade confirmation from Apex Crypto.

You are free to sell these tokens at any time between now and the liquidation date, September 19, 2023. It is up to you whether to sell all or only a portion of your position.

If you hold any of these coins in your Apex Crypto account and maintain those positions, those positions will be liquidated by Apex Crypto without any action needed on your part. The proceeds of the sale will be deposited as usual in your brokerage account.

No – starting June 8, 2023, these tokens will only be made available to sell.

The Apex Crypto user agreement can be found here. In relevant part, it provides:

Apex Crypto may delist a cryptocurrency, at any time and for any reason at our sole discretion, including due to changes in a given cryptocurrency’s characteristics after Apex Crypto has listed the cryptocurrency or due to a change in the cryptocurrency’s regulatory classification.

Cryptocurrency investing carries a high degree of risk. As explained in more detail in the Apex Crypto Risk Disclosures, cryptocurrencies have unique features that make investing particularly risky, including when it comes to technology and security, heightened volatility, and an uncertain and changing regulatory environment.

As noted in the Apex Crypto Risk Disclosures, “You must evaluate your particular financial circumstances to determine whether or not trading cryptocurrencies is appropriate for you. You should not invest funds in cryptocurrencies that you cannot afford to lose. The trading of cryptocurrencies can result in substantial losses up to and including all of your investment.”

Public and Apex Crypto are not responsible for losses incurred. As with any investment, neither Apex Crypto nor Public are able to provide compensation for market losses.