Markets

AbbeyCross, a leading wholesale FX platform working on improving payment market infrastructures, has secured $6.5 million in a seed funding round. The recent funding round comes amid growing interest in the company’s offerings from leading financial institutions globally. This unique...

ForexTime (FXTM) has renounced its Cyprus Investment Firm (CIF) license. The brokerage company has also announced that it will cease all operations starting December 31, 2023. FXTM has already confirmed this decision on its EU website, forextime.com/eu, saying it will...

The UK financial market regulator, the Financial Conduct Authority, has suspended the Part 4A permission permit awarded to Apex Legal Limited. The company will no longer operate as a regulated entity starting January 5, 2024. The FCA announced that this...

The US Securities and Exchange Commission (SEC) has issued a warning against the "Fear of Missing Out" as crypto investors eagerly await the regulator's decision on a spot Bitcoin exchange-traded fund (ETF). In a tweet published last Friday, the SEC...

Nubank has received regulatory approval to expand its services in Colombia. This comes after the financial institution obtained approval from the Financial Superintendence of Colombia to operate as a financing company. This approval will see the subsidiary of Nubank, Nu...

CMC Markets Plc recently released a positive trading update regarding its financial year 2024 (FY24), concluding on March 31, 2024. The retail broker, listed on the London Stock Exchange (LSE: CMCX), expects to reach a net operating income of £40...

London-based Plus500, listed on the London Stock Exchange under the symbol LON: PLUS, released trading update on Monday. It revealed a 2023 annual income of approximately $725 million and an EBITDA of about $340 million. The firm stated that these...

Nigeria’s Central Bank has authorized the Africa Stablecoin Consortium (ASC) to launch the Nigerian Naira stablecoin as part of its regulatory sandbox. This underscores a significant moment in the financial landscape of Nigeria. The blockchain experts in the country, fintech...

VanEck, an Investment management company, has revealed its decision to give 5% of the income generated from its proposed Spot Bitcoin exchange-traded fund to support Bitcoin Core developers. VanEck is one of the numerous candidates for spot Bitcoin ETFs. It...

Bybit, the third-largest cryptocurrency exchange by trading volumes, has announced a comprehensive study seeking to enlighten the cryptocurrency community on the complexities of cryptocurrency wallets from a user’s perspective. In its study, Bybit looked in-depth into the development cycle of...

Tradeweb Markets, the leading fixed-income, derivatives, and ETF electronic trading platform for institutions, wholesale, and retail investors and dealers, recently released its trading figures for December 2023. According to the platform, December has seen a significant surge in trading volume,...

The UK Financial Conduct Authority (FCA) canceled the Part 4A permission of Apex Legal Limited, taking regulatory action against the firm. FCA's decision highlights a significant development that affects the firm's operational reach in the UK As per the regulatory announcement, the...

ForexTime (FXTM, a brokerage company owned by Andrey Dashin, has ceased its operations in Cyprus starting on December 31, 2023. The company has also placed a notice on the EU website of FXTM to inform the public. According to the...

The European Central Bank (ECB) recently opened applications for vendors who wish to collaborate on creating a framework for the digital euro, including components and related services that they would be required to provide should the digital euro ever go...

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA) recently published another warning against a fraudulent clone impersonating an authorized trading giant, Admiral Markets. According to the regulator, this is at least the fifth clone of the popular broker...