Today, we’re excited to announce that you can now gift and hold cryptocurrency investments on Onu. To begin, we support twenty-two cryptocurrencies, including Bitcoin and Ethereum.
We’re proud to be the first player to offer custodial accounts that support cryptocurrency investments. This helps provide a secure option that legally holds the investment under the child’s name.
Cryptocurrencies are among the more volatile investment options available today and are often made riskier by day trading habits that aim to take advantage of fluctuations for quick wins. Through the use of custodial accounts, Onu helps provide a long-term way to buy and hold crypto on a child's behalf.
We’re excited to open more exposure to diverse asset classes on our platform because We believe that by diversifying our platform and asset classes, we can help provide financial empowerment for the next generations.
Cryptocurrency investments and gifts are available on Onu starting today. To learn more about today’s announcement, explore our cryptocurrency FAQs.
Onu offers crypto investing for your child’s custodial account through Alpaca Crypto LLC ("Alpaca Crypto”). Alpaca Crypto is not a member of SIPC or FINRA. Cryptocurrencies are not stocks and your cryptocurrency investments are not protected by either FDIC or SIPC.
This information is educational, and is not an offer to sell or a solicitation of an offer to buy any security. This information is not a recommendation to buy, hold, or sell an investment or financial product, or take any action. This information is neither individualized nor a research report, and must not serve as the basis for any investment decision. All investments involve risk, including the possible loss of capital. Past performance does not guarantee future results or returns. Before making decisions with legal, tax, or accounting effects, you should consult appropriate professionals.