Tiger Brokers Parent, Up Fintech, Adds 24,604 Customers in Q3 LeapRate

November 27, 2023 BY Simon Mugo

Tiger Brokers Parent, Up Fintech, Adds 24,604 Customers in Q3

The company's impressive financial results underscore its commitment to providing innovative solutions to its growing customer base. In the latest financial highlights, UP Fintech witnessed a remarkable 26.6% year-over-year increase in total revenues, reaching an impressive $70.1 million. Meanwhile, net revenues also experienced notable growth, rising by 13.5% to $58.0 million. The standout achievement, however,…

November 27, 2023 BY Simon Mugo

USDCAD Prices Edged Higher on Weak Canadian Dollar. What Next?

The Canadian Dollar (CAD) has faced headwinds due to a decline in crude oil prices, contributing to this upward pressure on the pair. Western Texas Intermediate (WTI) crude oil prices have been on a downward trajectory since Wednesday and are currently trading at approximately $75.00 per barrel. Crude oil prices have fallen since late September…

November 27, 2023 BY Elizabeth Anderson

FP Markets Expands its Commodity CFDs Offering adding Lead, Nickel, Aluminium, Zinc and Copper and Spot Silver & Gold vs a range of cross currencies

Complementing its existing range of commodity CFDs, clients trading with FP Markets can now trade and invest in several new and exciting commodities. This includes spot gold (XAU) versus several widely traded currencies, such as the British pound (GBP), the Singapore dollar (SGD) and the Chinese Renminbi (CNH), as well as other popular hard commodities…

November 27, 2023 BY Elizabeth Anderson

Crypto market opens the week on rocky terrain

The crypto giant, Bitcoin, witnessed a slight decline of 1.11%, accompanied by a notable 71.58% increase in market volume over the last 24 hours, reaching $14.85bn. However, the cryptocurrency had touched its yearly high by surpassing the crucial $38,000 mark in the previous week. Ethereum also saw a 1.42% decline to $2,045.62, with its trading…

November 27, 2023 BY Elizabeth Anderson

Zipmex halts all digital asset trading in Thailand

While the move is only temporary, it’s yet another blow for a company that is struggling to maintain a steady cash flow and repay its creditors. Zipmex looked to have secured its financial future earlier this year when V Ventures announced a $100m buyout, but the acquisition fell through weeks later. _______________________________________________________________________________________________________________________________ Don’t miss out…

November 27, 2023 BY Elizabeth Anderson

CFI Financial Group secures second UAE license

CFI’s co-founder and Managing Director, Hisham Mansour, observed that the latest acquisition is a testament to its ability to deliver fast, secure and regulated access to financial markets. It also puts a cap on a fine year for a company which offers more than 15,000 tradeable products and enables customers to conduct transactions in stocks…

November 24, 2023 BY Simon Mugo

USDJPY Trades Sideways Despite Upbeat Japanese Inflation Data

The Japanese inflation report indicated that the annualised CPI print had risen to 3.3%, a new 10-year high, compared to the previous month when annual inflation was recorded at 3.0%. However, the monthly inflation print was most exciting as it showed that inflation rose to 0.7% in October compared to September’s 0.3% print. The Bank…

November 24, 2023 BY Simon Mugo

Hilton Food Group (HFG) Share Price Rose on Board Changes

In her stead, the Group is pleased to announce the appointment of Sarah Perry as an Independent Non-Executive Director, effective December 4, 2023. Sarah will also join the Audit, Remuneration, and Nominations Committees. Sarah Perry brings a wealth of experience in supply chain and logistics, notably in her current position as Vice President for integrated…

November 24, 2023 BY Elizabeth Anderson

Binance CEO pleads guilty to money laundering in $4.3bn settlement

Charged with breaking US anti-money-laundering laws, fraudulent customer funds management and conspiracy to commit fraud, Zhao now faces a $4.3bn settlement that must be paid to cover a federal investigation into Binance’s illegal activities by US Securities and Commission Exchange (SEC). _____________________________________________________________________________________________________________________________________ Don’t miss out the latest news, subscribe to LeapRate’s newsletter _____________________________________________________________________________________________________________________________________ To counter…

November 24, 2023 BY Elizabeth Anderson

New MAS regulations on digital payment tokens exclude crypto trading

As such, it sets out the minimum requirements for technology and cyber risk management that DPT service providers have to comply with. To mitigate risks, Singapore’s financial watchdog recommends the DPT platforms discourage retail speculation in cryptocurrencies. The proposed consumer access measures determine that DPT service providers should be responsible for determining a customer’s understanding…