Future Finance
Jack Dorsey's Square Is Testing a New Free Stock-Trading Service
The new product would be part of Cash App, and would compete directly with trading apps like Robinhood.
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Jack Dorsey’s Square Inc. already lets customers buy and sell Bitcoin on its popular Cash App. Soon, it may let them buy and sell stocks.
Square is testing out a new Cash App feature that would enable users to make free stock trades, according to a video outlining the product’s features seen by Bloomberg. While the exact date of its launch is yet to be determined, employees began testing the new feature in recent weeks, according to a person familiar with the company who asked not to be identified discussing private matters.