News

Uphold reveals commission-free crypto trading and user interface

Thursday 30 January 2020 09:48 CET | News

Digital money platform Uphold has introduced zero-commission trading on cryptos, to open up affordable access to new asset classes for millions of retail investors.

The service will initially be available only on iOS and Android mobile apps, however the move represents a shift in a sector that until now has largely resisted the commission-free model revolutionising stock and ETF trading. Previous the company’s announcement, cryptocurrencies were one of the more expensive asset classes for retail investors to trade.

Uphold aims to create the most cost-effective place for retail investors to buy and sell cryptos and other assets. The company says that they allow customers to move their crypto into private wallets at will, send funds to virtually anyone, anywhere, instantly, and free of charge, and use their holdings as a medium of exchange for payments.

Also, Uphold is launching a new trading interface, consisting of just two fields: ‘From’ and ‘To’. The ‘Anything to Anything’ is meant for a novice user to fund their account, send money to other people, or trade from any asset into any other asset directly, in two taps, on one screen. The company is further adding new funding and withdrawal options to the platform, as customers can fund their accounts with zero fees via credit and debit cards.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: Uphold, commission-free, cryptocurrency, trading, digital money, retail, ETF, investors, exchange, accounts, withdrawal, credit cards, debit cards
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: World
This article is part of category

Blockchain & Cryptocurrencies