JNK: Crypto Platform to Acquire New York-Based Broker-Dealer

Uphold, an exchange for digital currencies, has agreed to acquire New York-based broker-dealer, JNK Securities Corp. in a bid to operate as a regulated broker-dealer, pending approval by federal authorities. Terms of the agreement were not disclosed. The companies have filed an application with the Financial Industry Regulatory Authority for the approval of the change of ownership and business expansion. Upon FINRA approval, Uphold will file a Form ATS with the Securities and Exchange Commission and can begin operating an alternative trading system.