Bhairav Trivedi, Chief Executive Officer of CAB Payments, commented: Our intention to list on the London Stock Exchange is a sign of confidence in the high quality offering we provide to our customers in a large and growing market; confidence in our strong financial profile backed by a track record of revenue and Adjusted EBITDA…
Read more
The FCA said in its policy statement: Even when the financial promotions regime comes into force, cryptoassets will remain high risk and largely unregulated. Consumers should only invest in cryptoassets if they understand the risks involved and are prepared to lose all their money. Consumers should not expect protection from the Financial Service Compensation Scheme…
Read more
The SEC revealed Monday that it was charging Binance and said BNB and Binance USD are unregistered securities. In its documents, the SEC also listed ten other digital currencies as unregistered securities, including ADA, SOL, FIL, MATIC, ATOM, MANA, SAND, ALGO, AXS, and COTI. Furthermore, the SEC announced on Tuesday that it had charged cryptocurrency…
Read more
Anya Aratovskaya, VP Institutional Sales at Advanced Markets stated: We're excited to partner with Brokeree Solutions to offer our clients enhanced liquidity and trading services." Andrey Kamyshanov, Co-Founder and Managing Partner at Brokeree Solutions, added: We are delighted to partner with Advanced Markets and merge our Prime-of-Prime Liquidity with their innovative Liquidity Bridge. This collaboration…
Read more
AUDUSD The Australian dollar had performed an uptick following the unexpected rise of the interest rate from RBA. This reaction might be temporary, though now Aussie is of the few currencies, gaining higher yields in real-time. Considering the position of AUDUSD at the intermediate-term resistance area, it may pull back as shown on the chart,…
Read more
Stavros Economides, Chief Operating Officer at Match-Prime Liquidity, said: We are delighted to onboard SquaredFinancial, a leading brokerage firm that has established itself in the industry. Match-Prime has a very similar culture to SquaredFinancial, putting its clients needs first." Economides explained that his firm delivers "tailor-made solutions" to help companies such as SquaredFinancial sufficiently adjust…
Read more
SEC Chair Gary Gensler said: Through thirteen charges, we allege that Zhao and Binance entities engaged in an extensive web of deception, conflicts of interest, lack of disclosure, and calculated evasion of the law." He adds that Zhao and Binance "misled investors" about risk controls and corrupted trading volumes while "actively concealing who was operating…
Read more
Sandhofer joins Nium from Payoneer, an American financial services firm that provides online money transfer and digital payment services. Before joining Payoneer in 2021, Sandhofer spent almost 10 years at UniCredit before co-founding Optile, a tech business that streamlines payment acceptance processes for merchants worldwide. Prajit Nanu, Nium's CEO and Founder, commented: Despite a challenging macroeconomic…
Read more
The license also means the company can now offer digital banking services to its customers using held crypto assets. Moreover, there are also said to be plans for the exchange to establish a debit card with a crypto off-ramp offering. Mercado Bitcoin is a leading crypto exchange in the South American country, with more than…
Read more
Ending client credit balances were $98.7 billion, which includes $2.9 billion in insured bank deposit sweeps, representing an 8% rise from the prior year and a 1% decline compared to the previous month. Elsewhere, the average commission per cleared commissionable order came in at $3.08, including exchange, clearing, and regulatory fees. The average commission per…
Read more