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Uphold Receives Approval To Buy Broker-Dealer JNK Securities

The Financial Institutions Regulatory Agency (FINRA) has authorized mobile payment solutions provider Uphold to acquire US broker-dealer JNK Securities.

According to the press release, Uphold will open up fractional stocks by the end of 2021 and provide users with a solution to trade cryptocurrencies, securities, and precious metals.

β€œThe exchange of Bitcoin for Tesla shares in a single user-friendly interface will soon become a reality for our US customers. This will provide unprecedented speed and convenience for retail investors looking to trade traditional and emerging asset classes, ”the statement said.

In June 2018, the provider filed an application with FINRA to change the owner of JNK Securities.

Recall that at the end of 2020, the US Securities and Exchange Commission introduced rules for broker-dealers in the field of tokenized securities, promising not to sue them, subject to compliance with the rules.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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