Markets
Bybit Exceeds 30 Million User Benchmark With Sixfold Volume Growth
Bybit has revealed that it has garnered more than 30 million customers in its ecosystem. This number includes many registered users from different parts of the world. According to the recent update, this success has secured Bybit's position as a...
Struggle Between Banks And Merchants Intensifies Over Debit Card Fees
A newly introduced bill proceeding through the House Financial Services Committee aims to transform the banking industry. This could give banks an advantage and force merchants to handle billions in extra costs. The debit card exercises far more control than...
Interactive Brokers to Offer Cboe Europe Derivatives Products To Its Clients
Cboe Europe Derivatives (CEDX), a trading platform developed by Cboe Global Markets to facilitate the trade of equity derivatives, has announced Interactive Brokers as its new partner. The broker aims to enable its customers to access the many equity options...
WisdomTree Unveils The First Crypto ETPs On The London Stock Exchange
The UK's Financial Conduct Authority has announced that WisdomTree can now offer two cryptocurrency exchange-traded products to UK users. These products will be available soon on the London Stock Exchange. WisdomTree Boasts $112 Billion In Managed Assets WisdomTree is a...
BaFin Uncovers Unauthorized Financial Services Operating As Pepperstone Clone
The Federal Financial Supervisory Authority (BaFin) has advised consumers to be cautious of pepperstone.vip, an imitation of retail brokerage firm Pepperstone GmbH. The regulator issued this warning after discovering that the platform offered investment and financial services without approval. The...
Stripe Expands Operation In The UK With London Office and New Payment Methods
Stripe is strengthening its presence in the UK, opening a main office in London. It’s also starting its first open-banking payment method and new funding options for small businesses. The UK is Stripe's second biggest market, with about 600 businesses joining...
Gildencrest Capital Doubles Its 2023 CFDs Trading Volume
Goldcrest Capital Limited has announced that it saw significant growth in its business as of 2023. The company has extended its operations beyond Forex and CFDs. In 2023, Gildencrest's revenue surpassed £7.55 million, a 53 percent rise compared to the...
OKX Partners With Hidden Road To Expand Its Nitro Spreads Offerings
OKX, a renowned platform for trading cryptocurrency, has announced a partnership with an institutional credit network, Hidden Road Partners. The trading platform is set to expand its institutional trading offerings. With this collaboration, Hidden Road's customers can now access OKX's...
Genesis’ Parent Company Denied Recovery In Wake Of $3 Billion Payout Approval
Genesis Global, a bankrupt digital asset lending company, has been approved by the Court to allocate $3 billion in cryptocurrencies and cash to its creditors. However, the ruling prevents its parent company, Digital Currency Group (DCG), from getting any compensation...
Kudos Secures $10.2 Million To Enhance AI-Powered Smart Wallet Capabilities
Kudos has secured $10.2 million in a financing round spearheaded by QED Investors. The funding will support the development of Kudos, an AI-driven shopping assistant and Smart Wallet. Other contributors to the round include the Four Cities Fund, Newtype Ventures,...
GB Bank To Accelerate Growth Following £85 Million Funding Round
GB Bank, which helps small property developers and investors fund their projects, has received £85 million in extra funds. Moreover, this extra fund was disbursed by a new investor, Hera Holdings, and an existing investor, the Teesside Pension Fund. GB...
FCA Legally Implicates Social Media Celebrities Endorsing Finance Illegally
The Financial Conduct Authority (FCA) has charged some well-known social media influencers, including Lauren Goodger, a former star of "The Only Way is Essex" (TOWIE), for promoting an illegal trading scheme to their followers. The Financial Conduct Authority asserts that...
Mastercard Introduces New Batch Of Blockchain And Crypto Start Path Firms
Mastercard has invited five startups from different regions of the world to participate in its Start Path Blockchain program. The program is mainly organized for cryptocurrency and blockchain purposes. The program is designed to allow industry professionals and FinTechs to...
A2A Payments Company Aeropay Concludes $20m Funding Round
Aeropay, a Pay-By-Bank solutions provider for businesses, has concluded its latest $20 million Series B funding round. The round was led by Group 11, a fintech venture capital company based in Los Angeles. Other prominent companies like Continental Investment Partners...
Australian Parliament Approves Digital ID Bill
The Australian federal administration has approved the Digital ID (Consequential and Transitional Provisions) Bill 2024 and the Digital ID Bill 2024 The legislation will develop a comprehensive digital identification system and enable providers and financial institutions to apply and become...
