Markets
Thailand regulator considers lifting retail investment limit for ICOs
The Thailand Securities and Exchange Commission (SEC) is considering lifting the retail investment limit imposed on initial coin offerings (ICO). The regulator currently has a limit of 300,000 baht, equivalent to around $8,800, for ICOs. Lifting the limit is aimed...
Crypto exchange Gemini reportedly plans to launch a crypto derivatives platform
Gemini, one of the leading cryptocurrency exchanges owned by the Winklevoss twins, is currently assessing the possibility of launching a global crypto derivatives platform. The development comes amid prior reports that Coinbase, the largest exchange in the US, was looking...
Axi extends partnership with Manchester City for multiple years
Axi, a forex and contracts-for-difference (CFD) brokerage firm based in Australia, has announced extending its sports partnership deal with Manchester City FC. The broker has also extended its sponsorship rights to the Manchester City women's team. Axi extends sports partnership...
ESMA shares its views on fractional shares as it calls for clarity
The European Securities and Markets Authority (ESMA) has shared its views on fractional shares. The financial markets regulator for the European Union noted that the term "fractional shares" misled investors as they could not comprehend the nature of these financial...
Saxo expands SaxoSelect offerings to Australian customers
The Australian division of Saxo Bank has expanded its product offerings following the launch of SaxoSelect. SaxoSelect is a suite containing managed portfolios that target self-directed investors and self-managed funds. Saxo Australia launched SaxoSelect SaxoSelect is a service that the...
Sam Bankman-Fried faces another $40M additional Chinese bribery charge
The former CEO of bankrupt cryptocurrency exchange FTX, Sam Bankman-Fried, is facing an additional charge of bribing Chinese officials. US prosecutors are charging Bankman-Fried with conspiracy to violate the Foreign Corrupt Practices Act, which contains anti-bribery provisions. Sam Bankman-Fried faces...
Robinhood Securities to access a revolving credit facility of $2.175B
Robinhood Securities, one of the most popular retail trading platforms, has amended its credit agreement with a bank syndicate. It marks the second time that the California-based brokerage platform is amending the credit agreement. Robinhood Securities amends the credit facility...
CMC Markets expects net operating income for FY2023 to hit £290M
CMC Markets has released its expected financial results for the fiscal year 2023, ending on March 31. The brokerage firm anticipates revenues for the period to range between £280M and £290M. CMC Markets anticipates a net operating income of £290M...
Cobalt announces plan to rebrand and relaunch its services as CobaltFX
Cobalt, a company owned by United Fintech, has announced plans to rebrand and relaunch its services to CobaltFX. The firm is trying to focus solely on the foreign exchange market. Cobalt rebrands to CobaltFX The founder of the rebranded CobaltFX...
Bitcoin is disrupting the banking system in Africa
The increasing prominence of cryptocurrencies might disrupt the banking system in Africa. Cryptocurrencies are gaining popularity in Africa because moving money on the continent is expensive and complicated. Bitcoin is disrupting the banking system Access to commercial bank branches in...
FX and CFDs broker Conotoxia launches investment bank advisory services
Conotoxia is expanding its current forex and contracts for difference (CFD) offering. The retail trading division has unveiled new investment bank advisory services using a low entry threshold. The service will be available to retail traders operating from Europe. Conotoxia...
Saudi National Bank appoints a new chairman after Credit Suisse’s losses
The Saudi National Bank has appointed a new chairman. The appointment comes after the bank recorded significant losses on its investment. Saudi National Bank was the largest shareholder in Credit Suisse, which UBS Group recently acquired. Saudi National Bank appoints...
Ripple-SEC verdict is coming, and the crypto industry expects it to bring the “alt season”
Ripple’s legal battle against the US SEC is coming to a close after more than two years since the regulator originally filed the lawsuit. With the verdict around the corner, investors are looking to the futures market tied to XRP,...
SushiSwap CEO answers questions about the SEC subpoena he received
Jared Grey, the CEO of the SushiSwap decentralized exchange, stated recently that he no longer feels inspired following a wave of regulatory crackdowns aimed at digital currency platforms. The regulators have been cracking down on centralized and decentralized exchanges, including...
Pepperstone UK reports a 128% increase in revenues
The UK division of Pepperstone, a forex and contracts for difference (CFDs) provider, has reported a 128% revenue increase. The broker's revenues hit £4.6 million by the end of the 2022 financial year, ending on June 30. Pepperstone UK reports...
