December 08, 2023 BY Elizabeth Anderson

Robinhood launches crypto trading app in the EU

Robinhood’s General Manager, Johann Kerbrat, said that the EU was selected as its “anchor” region for international expansion due to its highly developed crypto laws and regulations – this includes the comprehensive Markets in Crypto-Assets (MiCA) Act. Robinhood believes adhering to these stringent regulations will make its product more appealing to a European audience. Don’t…

Read more
December 07, 2023 BY Simon Mugo

FTX Plans To Unveil Its Reorganisation Plan Soon

The initiative comes during intense developments within FTX’s bankruptcy process. The Official Committee of Unsecured Creditors has recently addressed insights from the FTX 2.0 Customer Ad Hoc Committee. They are focused on striking a fair equilibrium between the valuation and distribution of assets in the proposed reorganisation plan, a crucial element in determining the future…

Read more
December 07, 2023 BY Simon Mugo

SoFi Technologies Agrees To Pay FINRA Fine, Compensate Clients

From January 2019 to March 2023, SoFi was found lacking in effective supervisory systems. This oversight led to the automatic inclusion of over two million clients in its fully paid securities lending program, conducted without obtaining necessary consent or ensuring full disclosure. Moreover, SoFi was responsible for circulating misleading materials about the rewards customers would…

Read more
December 07, 2023 BY Elizabeth Anderson

Broadcom shares exceeding expectations for 12 consecutive months

Analysts observe that the 12 consecutive months of exceeding expectations have been spurred on by the rapidly growing demand for artificial intelligence (AI) chips, mainly GPUs, which are provided by tech giants such as Nvidia, and semiconductors. Don’t miss out the latest news, subscribe to LeapRate’s newsletter Hans Mosesmann, analyst at Rosenblatt Securities, suggested that…

Read more
December 07, 2023 BY Elizabeth Anderson

CME Group to launch new spot FX marketplace next year

CME Group has cemented its position as a leading global financial derivatives marketplace in recent years. It operates a range of trading markets, including mercantile exchanges in Chicago and New York. The new all-to-all spot FX marketplace will build on its existing infrastructure and expertise to deliver a feature-rich experience for customers. They will, for…

Read more
JP Morgan Chase & Co.
December 06, 2023 BY Simon Mugo

J.P. Morgan Released Its 2024 Long-Term Market Assumptions

Considering the evolving macroeconomic environment, the outlook projects a 7.0% annual return for a standard 60/40 stock-bond portfolio. Introducing a 25% allocation in alternative assets could enhance this forecast by 60 basis points and improve the Sharpe ratio by around 12%. Factors like automation and AI's impact on productivity, energy transition, and new technologies are…

Read more
December 06, 2023 BY Elizabeth Anderson

Apple kicking back against universal charging port

This guideline requires that all smartphones, which include existing iPhones, feature a universal charging port to cut consumer costs and reduce e-waste. Continued discussions on the matter pushed manufacturers in India to comply with this arrangement by June 2025, which is six months later than the agreed deadline for Europe. Estimates show this move can…

Read more