Plus500 Is Building a US ‘Super-App’ and Buying a Broker to Stock the Shelves
By Arnab Shome
AI summary of the source article
Plus500 plans to launch a US super-app in the first quarter of 2027 and has conditionally agreed to acquire SEC-registered broker-dealer Hedge Capital Markets. The acquisition will be funded entirely from existing cash.
Why it matters
The company stated it "expects the product to increase engagement, retention and monetisation," and CEO David Zruia noted the deal provides "for the first time, direct access to the US securities market."
Key facts
- Plus500 conditionally agreed to acquire US broker-dealer Hedge Capital Markets, subject to FINRA approval.
- The planned US super-app is scheduled to launch in Q1 2027, combining futures, prediction markets, stocks, options, and ETFs.
- The purchase will be funded entirely from Plus500's existing cash.
Source excerpt · Finance Magnates
Plus500 plans to launch a single US ‘super-app’ in the first quarter of 2027. It has also conditionally agreed to acquire Hedge Capital Markets to supply the SEC-regulated base for it. Hedge is a US broker-dealer registered with the SEC and a member of FINRA. A Single App for Futures, Stocks and Event Contracts The planned application will bring futures, prediction markets, stocks, options, ETFs a…