Markets

PayPal has announced plans to encourage the use of its stablecoin by offering a 3.7% annual rewards rate to U.S. users who hold PYUSD. The company said that users on both PayPal and Venmo platforms will soon be able to...

Hantec Trader is bringing something new and exciting for traders. The company has launched a special tool called InsightPro. This new tool is smart and uses AI to help traders understand the market better. It was created with Acuity Trading,...

CME Group has announced plans to launch XRP futures, pending regulatory review. Market participants will have the option to trade both a small-sized contract (2,500 XRP) and a larger-sized contract (50,000 XRP). The CME Group XRP futures will be cash-settled...

Coinbase has introduced a new way for users to change PYUSD to U.S. dollars without paying any fee. The company is teaming up with PayPal to help users enjoy fast and smooth swaps using PayPal’s coin, PYUSD. The firm said...

Authorities in South Africa have raised concerns over a rise in investment scams that use fake videos to trick the public. These scams involve deepfakes—videos made to look like real people—pretending to be financial regulators. One such video, currently being...

Bpifrance is changing the way it handles money. It wants to make sending and receiving money faster and better. To do this, the bank is now launching a new feature it calls Vault Payments. This will enable it to partner...

Salsa, a prominent provider of embedded payroll infrastructure, has announced the successful completion of a $20 million Series A funding round, led by Altos Ventures. The round also saw participation from Greycroft, SemperVirens, Definition, and Better Tomorrow Ventures (BTV), bringing...

Sterling Trading Tech has revealed the appointment of Julie Armstrong as its Chief Commercial Officer, a newly established role intended to accelerate the firm’s global growth initiatives. The company stated that Armstrong, a seasoned veteran with extensive experience in financial...

Interactive Brokers has announced that it is now offering the First Home Savings Account (FHSA) to Canadians. The company said this new initiative allows first-time home buyers in Canada to save money tax-free. The FHSA is designed to help Canadians...

SC Ventures has agreed to hand over its supply chain finance platform in India, called Solv, to Jumbotail. SC Ventures established Solv in 2019 and the application has been helping small shop owners across India by giving them a place...

In a recent announcement, proprietary trading firm Instant Funding disclosed its intention to launch a new cryptocurrency platform, IF Crypto, in the coming month. Along with this initiative, the firm also introduced the name of its forthcoming brokerage service, IF...

WeMoney, a money application from Australia, has received strong support from Mastercard and other investors. The company said it received $12 million during a Series A funding round to grow its work and help more users. It stated that the...

360T and CobaltFX have introduced a new tool that helps banks trade money quickly and safely. The new tool is called the PFE model, which stands for Potential Future Exposure. The companies said the tool helps banks assess future risks...

Revolut Securities Europe UAB (RSEUAB), which operates as Revolut’s trading arm in Europe, has received a license upgrade from the Bank of Lithuania. According to the announcement, the firm is now recognized as a Category A financial institution under the...

CME Group Inc. has reported a record-breaking performance for the first quarter of this year, with a notable surge in foreign exchange (Forex) trading volumes. The firm stated that the average daily FX volumes rose by 16.8% year-over-year to 1.15...