2023-12-10 08:30:00 ET
Investors have numerous options when it comes to investment platforms. Those who have invested in index funds or traded stocks for several years may turn to a Charles Schwab or a Fidelity. Younger investors often gravitate toward Robinhood , while more cryptocurrency-oriented investors may prefer Coinbase .
However, when it comes to the most trusted platform, it will likely surprise many that it is Cash App, the digital wallet operated by its parent company, Block (NYSE: SQ) . But does that leadership make the former Square, Inc. an excellent investment? Let's take a closer look.
According to The Motley Fool's Generational Investing Tools survey, 38% of respondents use Cash App for investing purposes, and it is particularly profitable among Gen Z and millennial investors . Fifty-four percent of millennials and 50% of Gen Z preferred the digital wallet.
For further details see:
Cash App Is the Most-Used Investing App Across All Generations. Does That Make Block a Buy?