Deutsche Borse Trading Volumes Drop to €1.2 Trillion In 2023
Deutsche Börse recently released its cash market figures for 2023. The numbers show that the total trading volumes reached €1.2 trillion during the year on its Xetra and Frankfurt Stock Exchange platform. The figure shows a 21% drop compared to...
Interactive Brokers Sees A 13% Increase in Darts in December 2023
Interactive Brokers Group, a leading automated global electronic brokerage firm, has shared its monthly performance data for December 2023. The metrics point towards increased growth across major areas. Some metrics that have increased during the month include the daily average...
Copy trading platform eToro ceases crypto custody services
eToro, a leading social trading and multi-asset brokerage platform based in Israel, has announced significant changes to its crypto asset custody services. These changes target eToro’s customers in Germany. These services will no longer be available in Germany from January...
Changpeng Zhao to Remain In the US as Judge Denies Motion
Changpeng “CZ” Zhao, the former CEO of the Binance cryptocurrency exchange, has been barred from leaving the United States by a federal judge. Zhao will have to remain in the US until his sentence hearing. Judge Richard Jones of the...
Japanese Exchange Group Posts Record Numbers In 2023
The Japan Exchange Group has posted its trading data for 2023. The published data shows that trading activity increased significantly during the year to reach record levels. The annual trading volumes in the cash equity market on the main floor...
FXSpotStream Confirms Jeff Ward as the New CEO
Jeff Ward has taken over as the new CEO of FX electronic liquidity distribution provider FXSpotStream. Ward assumed this position on January 1, 2024. Ward’s appointment in this role was announced in August last year. He has now replaced the...
HSBC to Launch a Global Currency Conversion App to Compete Against Wise
Banking giant HSBC is looking to launch a new app known as Zing. This app will support international payments at a lower cost and will initially be available to HSBC customers in the UK. The launch of Zing marks yet...
FCA Warns About Clone Firm XTB Trading World
A clone of the regulated publicly-listed broker XTB is seeking to defraud investors. The UK financial market regulator, Financial Conduct Authority (FCA), has warned about the unauthorized firm, saying it is a scam. This fraudulent scam uses the details of...
FCA Takes Down Over 10,000 Adverts And Cancels 1,266 Financial Firms In 2023
The Financial Conduct Authority (FCA) is heightening enforcement actions against unauthorized firms in the UK. It is also cracking down on false financial promotions by financial companies in the country. According to the FCA, it imposed record-high financial penalties during...
Court Orders Tradewale and Its Founder to Pay a $2.8M Fine over Deceptive Forex Scheme
Valdas Dapkus and his two companies have been ordered by a US federal court to pay more than $2.8 million in monetary sanctions. The fine follows charges of the companies being involved in a fraudulent forex fund scheme. According to...
CySEC-Regulated Firm TCR International under French Investigations
A financial company based in Cyprus providing wealth management services is in trouble following suspicious transactions valued at hundreds of millions. The company in question is TCR International Limited, licensed by the Cypriot regulator CySEC. It is now facing an...
Celsius to Become a Bitcoin Mining Company After Court Approval
A US bankruptcy court judge has approved bankrupt cryptocurrency lender Celsius Network to switch its operations from decentralized finance (DeFi) lending to Bitcoin mining. With this approval, Celsius can switch from its original bankruptcy plan. The judge has now ruled...
OKX to Delist Privacy-Focused Cryptocurrencies on January 5
OKX, the sixth-largest cryptocurrency exchange by trading volumes, has announced plans to delist multiple privacy-focused cryptocurrencies such as Dash, Monero, and ZCash. OKX will remove these crypto tokens from its trading platform on January 5. The decision has triggered a...
Naga Markets Announces a €150K Settlement with CySEC Over Violations
The Cyprus Securities and Exchange Commission (CySEC) has secured a €150,000 settlement with Naga Markets Europe Ltd. This settlement involves the company's regulatory violations between January 2021 and April 2022. Naga Markets is part of the larger NAGA Group in...
US Judge Sides With SEC In Case Against Terra And Do Kwon
A federal judge in the United States has ruled in favor of the US Securities and Exchange Commission (SEC) in a case against Terraform Labs and founder DO Kwon. The case claimed that Terraform Labs and Do Kwon offered and...