Markets

Binance, the biggest cryptocurrency exchange in the world by market capitalization, suspended cash transactions in India for peer-to-peer (P2P) trades. This change affects traders who use the rupee' cash choice' to avoid tax rules. Currently, cryptocurrency traders in India can't...

A well-known crypto exchange platform, OKX, has announced the launch of its exchange services and web3 wallet in the Netherlands. This step marks a milestone as the crypto exchange continues to expand its operations in the Dutch market. According to...

Mercuryo, a company that provides worldwide payment services, has teamed up with Trust Wallet. Trust Wallet is a well-known Web3 wallet that users control. It enables transactions for more than 10 million types of assets and over 100 different blockchains....

Cryptocurrency platform Circle has become France's first stablecoin issuer registered as an electronic money institution (EMI). Circle is now fully licensed following this registration and meeting the European Union’s crypto regulations. Circle is the issuer of the popular USDC (USD...

Interactive Brokers reported a revenue boost in June 2024, with daily average revenue trades (DARTs) and client equity seeing double-digit increases. DARTs for that period reached 2.469 million, 26% more than last year and 5% higher than the previous month....

Lloyds Banking Group has announced 60 additional branch closures for the rest of the year and 2025. The new branches included in the list comprise 17 Halifax, 28 Lloyds Bank, and 15 Bank of Scotland locations and will occur from...

Trading App Robinhood has announced the acquisition of AI investment platform Pluto Capital. According to the announcement, the acquisition will help to expand its presence in the tech space. Robinhood also noted that the acquisition will ensure data-driven investments for...

FXSpotStream, a company that allows customers to check the prices of currencies from different banks in a single platform, announced that its average trading volumes for June increased. The company said its spot average trading volumes grew 39% year-over-year. It...

Monzo has implemented three security controls to mitigate the risk of fraudulent payments from customer accounts resulting from shoulder surfing, phone theft, or impersonation scams. The options, Known as Locations, Secret QR codes, and Trusted Contacts, are choices for customers...

Marketnode, a Singapore-based digital market infrastructure firm, recently announced that it has completed its Series A funding round. This round was led by global banking giant HSBC and supported by its existing investor, Temasek. The firm did not reveal the...

Prosecutors accused Sam Bankman-Fried, Ryan Salame, and a third FTX executive of using customer funds to make donations to United States political candidates who support cryptocurrency-friendly laws. United States federal prosecutors announced that Ryan Salame, the former Co-Chief Executive Officer...

Brazilian challenger bank Nubank is working with Telecom-as-a-Service platform Gigs to add a digital travel eSIM to its package for premium users. Customers with Nubank's Ultravioleta premium plan can activate the 10GB eSIM from their mobile banking app. This helps...

The Interledger Foundation is an organization focused on creating an open, compatible payment platform. The organization is pledging to support fintech companies that utilize its protocol to introduce payments to developing markets and people who don't have access to many...

PayPal has announced its plan to develop a new advertising platform. This platform utilizes the bulky PayPal customer data to assist merchants in reaching their advertising goals more effectively. The payments company introduced Mark Grether, previously at Uber, to create...

PayPoint recently revealed that they are investing £1 million in Aperidata Ltd, a company that provides innovative credit reports for consumers and businesses, as well as Open Banking services. This investment will strengthen the existing partnership between Aperidata and PayPoint. ...