A fintech company has recently secured approval from the Financial Industry Regulatory Authority, enabling it to function as a broker-dealer in the United States. This significant milestone marks the firm’s first foray into offering its financial services outside of Europe.
With this newly acquired license, the company plans to provide American users with access to various investment options, including US stocks, mutual funds, and exchange-traded funds (ETFs). The focus of this service is on catering to individuals looking for self-directed investing opportunities through mobile platforms, reflecting the growing trend of users seeking more control over their investment decisions.
In light of the expansive lifestyle of many users who connect with diverse regions worldwide, there is an understanding that the United States plays a crucial role for numerous individuals. This expansion is intended to facilitate the financial needs of those who consider this country a significant part of their lives.
Celebrating a decade of operations, the company has also reached a remarkable milestone by amassing 20 million users across Europe. In conjunction with this anniversary, a redesigned application was unveiled at a recent event, streamlining access to banking, investment, and cryptocurrency services. The revamped interface is designed for improved user experience, allowing for more efficient management of accounts, savings, payment cards, and trading options.
In addition to its new investment offerings in the US, the company has launched flexible cryptocurrency staking throughout the European Union. This innovative service, provided in partnership with a well-known cryptocurrency exchange, allows users to earn returns of up to 10% annually on selected cryptocurrencies without the constraints of mandatory lock-up periods. This flexibility offers users full control over their assets, enabling them to buy, sell, or withdraw as they choose, within multiple EU countries.
Overall, the recent developments signal a broader ambition for the firm, as it seeks to grow and adapt its services to meet the demands of a global audience while enhancing user access to various financial tools.