Uphold Introduces Commission-free Cryptocurrency Trading – Financial News

Leading digital money platform Uphold has introduced zero-commission trading on cryptocurrencies in a milestone for the industry designed to open up affordable access to one of the world´s most important new asset classes for millions of retail investors, the company said.

Initially available only on iOS and Android mobile apps, the move represents a seismic shift in a sector that until now has largely resisted the commission-free model revolutionizing stock and ETF trading. Before today´s announcement, cryptocurrencies were one of the more expensive asset classes for retail investors to trade, with fees north of 200bps on some mainstream platforms.

As an established platform listing 50+ currencies and providing account funding via seven cryptocurrency networks, debit/credit cards and bank connections in more than 40 countries – with the UK, Canada, Poland, Romania, Croatia, and Hungary added earlier this month – Uphold is the first major US cryptocurrency venue to offer…