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Uphold was founded in 2015. It is a cryptocurrency exchange managed by Uphold Europe Limited, which is registered under the Financial Conduct Authority’s Temporary Registration Regime for crypto asset firms. It is also regulated by the Financial Conduct Authority (FCA) to issue e-money pursuant to the Electronic Money Regulations 2011.
Away from the management and regulation of the exchange, let’s now delve into how it works and its pros and cons.
How it works
To start with, Uphold is quite a unique trading platform in that in addition to allowing users to buy, sell, and convert cryptocurrencies, it also allows them to trade precious metals, fiat currencies and US equities.
It also allows cross-asset trading; meaning you can trade between any of the assets it offers. You could, for example, choose to trade cryptocurrencies for stocks or a fiat currency for precious metals and so on. You, therefore, do not need different accounts to trade the different trading instruments that Uphold offers.
In addition to trading, Uphold also offers a number of other financial services. It offers a debit card called Uphold Card that allows you to pay
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