Wednesday, October 18, 2023

Y Combinator-backed stock trading platform Cera rolls out in the Philippines

18 October 2023 - Cera, a US stock trading platform backed by Y Combinator, in partnership with Fireblocks, announced its  Beta launch, allowing Filipinos and anyone anywhere in the world to invest in US stocks using stablecoins.

Cera enables users to invest in US stocks using stablecoins such as USD Coin, Tether (USDT), and Binance USD. Each of these coins is pegged to a value of $1, ensuring stability and eliminating the hassle of complex account setups and international transactions.

Users are now able to buy and trade a wide range of stocks, including energy companies, healthcare providers, and tech giants such as Tesla Inc. (TSLA), Apple Inc. (AAPL), and Microsoft Corporation (MSFT).

“Cera is revolutionizing the entryway to the US stock market through a seamless deposit, purchase, and trade process. Our core values of stability, transparency, and accessibility ensure that diverse global communities including Filipinos can confidently engage with the market,"  Cera’s Product Lead, Daniel Phan said.

Cera's platform makes the US stock market accessible as it allows investing as little as $2. The platform supports investments in fractional shares, offering increased flexibility to users.

As part of its launch, for a limited time, Cera offers up to $50 for new sign-ups that make eligible deposits. Their attractive referral program is also available for users who introduce friends to the platform.

“We aspire to empower anyone in the world with global investment opportunities, emphasizing ease and user fund security. Our partnership with Fireblocks ensures that our users always have control over their investments,” Phan said.

Cera app is available on Google Play and Apple Store.

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