Uphold, the multi asset digital trading platform, has launched a new equities service that allows its U.S. customers to access more than 4,000 U.S. stocks and ETFs directly through the Uphold platform.

 

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The launch, which builds on Uphold's vision of becoming a comprehensive all in one multi asset financial platform, gives users access to both traditional investments and digital assets within a single platform, allowing them to manage both asset classes in one place.

 

"People want one app for all of their investing, including crypto," said Nancy Beaton, President of Uphold U.S. "Equities on Uphold is designed to make that real. Uphold customers can now sell Bitcoin to buy Berkshire Hathaway shares in a single step on the app, without clunky currency conversions or the need to transfer funds between stablecoins and cash balances."

 

Compared with other platforms that may require users to convert between fiat currencies and cryptocurrencies or move funds across multiple platforms, Uphold provides a frictionless experience that allows users to trade seamlessly between supported crypto assets, U.S. stocks, and ETFs within a single platform.

 

According to the Uphold team, users can access all of these services without paying any Uphold commissions. They can also purchase fractional shares for as little as $5.

 

Although Uphold's fractional U.S. stocks and ETFs are currently available only during standard U.S. market hours, typically from 9:30 a.m. to 4:00 p.m. ET, Monday through Friday, the company plans to expand trading availability to around the clock during the Monday through Friday trading week.

 

The launch of Uphold's U.S. equities service coincided with the launch of tokenized U.S. stocks and perpetual markets by Arcus, a decentralized exchange built by the dYdX team, on the Robinhood Chain.

 

The offering includes more than 95 leading U.S. stocks, including Nvidia, Apple, Tesla, Microsoft, Meta, and Amazon, which will be available for trading around the clock on the Robinhood Chain. Although the perpetual market remains in beta, it includes products from more than 35 markets spanning U.S. equities, commodities, cryptocurrencies, and indices.