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action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source:https:\/\/techcrunch.com\/2023\/06\/29\/social-trading-app-shares-receives-eu-stock-trading-license\/<\/a><\/br> Fintech startup Shares<\/a> has raised $90 million for its stock trading app. And yet, the service is only available to people who live in the U.K. But that\u2019s about to change as the company has received a couple of authorizations from French regulators. With EU passporting rules, Shares could also expand to other European countries.<\/p>\n As a reminder, Shares lets you trade stocks with no minimum trade size. The company offers fractional shares, which means that you can start investing with as little as \u00a32. It competes with other neobrokers that try to make stock investment more accessible, such as Freetrade<\/a> in the U.K., Bitpanda<\/a> and Trade Republic<\/a> in Europe.<\/p>\n But what makes Shares different from other mobile trading apps is that there\u2019s a social twist. Shares lets you follow your friends and comment on their trades. Users can also create private chats and subscribe to communities of more experienced investors. So far, Shares has managed to attract 150,000 users in the U.K.<\/p>\n Shares just received the accreditation to operate an investment service in France from the ACPR (Autorit\u00e9 de contr\u00f4le prudentiel et de r\u00e9solution), France\u2019s financial regulator. And the company plans to take advantage of this license sooner rather than later as it plans to launch Shares in France starting next month. At first, you\u2019ll need an invitation to create an account though.<\/p>\n France\u2019s financial markets regulator (Autorit\u00e9 des march\u00e9s financiers) also recently granted the PSAN status to Shares \u2014 the startup is now officially a digital assets service provider in France, meaning that it will be able to handle crypto trades as well.<\/p>\n \u201cWe are very pleased to receive these authorizations: PSAN registration for cryptocurrencies, and PSI license for trading in stocks and ETFs. This is the reward of an extremely rigorous team effort, of which we are extremely proud. Shares is now regulated by the French regulator and this marks a decisive step in our journey, and allows us to announce our EU launch in July by invitation to our first members,\u201d co-founder and CEO Benjamin Chemla said in a statement.<\/p>\n As you can see, today\u2019s news is going to pave the way for future market expansions in the European Union.<\/p>\n
\nSocial trading app Shares receives EU stock trading license<\/br>
\n2023-06-29 21:47:48<\/br><\/p>\n