Markets

Central banks around the world have been exploring central bank digital currencies (CBDCs). However, in recent years when many central banks have expressed interest in launching these government-backed digital currencies, concerns have mounted over the privacy of these coins. Nevertheless,...

Freetrade, a commission-free trading platform whose headquarters are in London, has reported revenues of more than £15.6 million in the financial year that ended in 2022. Despite the growth in revenues, the losses reported by the company increased significantly to...

Devexperts, a software solution provider that works with brokerage companies and financial institutions, has announced a partnership deal with DriveWealth. This partnership will allow users to trade or hold small fractions of shares in a process known as fractional share...

The financial market regulators in France, Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) have blacklisted 14 forex trading platforms that are operating in the country illegally. French regulators blacklist 14 Illegal FX...

The Gemini cryptocurrency exchange has sued Digital Currency Group and the CEO, Barry Silbert. Gemini filed this lawsuit on Friday in a trial court in New York. In the lawsuit, Gemini has accused DCG and Silbert of encouraging and facilitating...

After failing to obtain a virtual asset service provider (VASP) license from the Dutch regulator, Binance announced that it would cease operations in the country. The world’s largest exchange by volume announced its withdrawal from the Netherlands last month, warning...

One of the leading Forex and CFD brokers, Exness, recently released its metrics for last month. The company reported a surge in the number of daily active users, but its trading volume remained flat. The volume still sits above $3...

CMC Market’s Group Chief Financial Officer, Euan Marshall, has resigned from his position at the company. According to Marshall, he will step down from his position as a director of the London-listed firm in January 2024. However, he will take...

Larry Fink, the CEO and founder of the world’s largest asset manager, BlackRock, shared his views on Bitcoin and its potential during an interview this Wednesday, July 5th. The BlackRock CEO spoke about his company’s recent Bitcoin spot ETF filing,...

Corlytics, a financial services software company based in Dublin, has acquired Clausematch for an undisclosed amount. The acquisition deal is the second one announced by the company this year. Corlytics acquires Clausematch Corlytics is one of the leading regulatory risk...

Papara, a neobank based in Turkey, has announced the acquisition of its Spanish rival known as Rebellion. The acquisition will see Papara gain the status of a fintech unicorn, and it is the first-ever acquisition by the company. Papara acquires...

DBS has been testing and leveraging the potential of emerging technologies to generate an efficient and safe payment landscape. The goal of this project is to transform the future of the payment industry. DBS launches an E-CNY merchant collection solution...

Natwest has called for a “step change” in the regulatory framework around open banking. The institution has said that the open banking industry is shifting towards the next stage of its life, and there should be more incentives in the...

Revolut, a financial app based in the UK, has launched its services in New Zealand. The move will allow customers in New Zealand to use the app to exchange foreign currencies, make peer-to-peer payments, split bills, and support the ability...

City Credit Capital (UK) Limited (CCCUK), a brokerage platform dealing in forex and contracts for difference (CFD) offering, has become insolvent. The UK financial market regulator, the Financial Conduct Authority (FCA) revealed that the broker was now into bankruptcy administration....