Previously, Binance had a conflict with UK regulators who suggested that the exchange was incapable of being regulated due to its failure to provide necessary information about its business activities. In June 2021, the FCA banned Binance from undertaking any regulated activity in the country. The crypto exchange has faced scrutiny from US regulators this…
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Additionally, Irvin is a qualified chartered accountant. He has also spent time in Deloitte’s Transaction Services division, where he focused on both financial and operational due diligence on major capital markets transactions. Ian Lowitt, CEO of Marex, commented: We are thrilled to welcome Rob to Marex during this exciting phase of our development. Successful execution…
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However, Robinhood's $441 million revenue for the first quarter still exceeded market expectations. The company reported an increase of 11% quarter-over-quarter (QoQ) in its transaction-based revenues, reaching $207 million during the first quarter. This was driven by an increase of 7% in options trading and 29% in equities, generating $133 million and $27 million in…
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Market Reaction; Where Next for the Euro? The immediate aftermath of the US CPI release witnessed the EUR/USD catch a bid and eventually knock some of the wind out of the $1.10 handle: a clear-cut bull trap which likely ensnared breakout buyers and consumed several protective stops from those attempting to fade the psychological level.…
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US Attorney Damian Williams said: Today’s sentence should send a strong signal to all participants in the cryptocurrency markets that the laws decidedly do apply to them. The Southern District of New York will hold those who engage in insider trading to full account, regardless of whether their illegal conduct occurs in the equity markets…
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Gurbir S. Grewal, Director of the SEC’s Division of Enforcement, said: The size of today’s award – the highest in our program’s history – not only incentivizes whistleblowers to come forward with accurate information about potential securities law violations, but also reflects the tremendous success of our whistleblower program. This success directly benefits investors, as…
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The average daily volume in FX for last month came in at $19.7 billion. Compared to March’s $22.6 billion, this was also a 13.1% MoM decrease. Total Cash Market numbers in April stood at $185.2 billion, down by 36% MoM compared to previous month. On yearly basis, the exchange saw a 18% decrease. Derivatives markets…
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Michael Aagaard, Managing Director, GCEX, Denmark said: This is a major step forward for our business and we believe it will be a significant catalyst for growth in Europe. Brokers, fund managers, hedge funds and professional traders based in the EU will now have the peace of mind and reassurance of knowing that they are…
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CySEC stated in the official announcement: The loss of ICF membership status does not mean loss of rights of covered clients to receive compensation in relation to investment operations carried out until the loss of membership status, if the conditions for compensation are fulfilled pursuant to the Directive, nor does it obstruct the initiation of…
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As per the court documents, the bankruptcy petition includes Bittrex, Inc, which is based in Seattle, as well as two Bittrex entities located in Malta and an affiliated entity, Desolation Holdings LLC. However, the proceedings do not involve Bittrex Global GmbH, the Liechtenstein-based entity that provides non-US services. Bittrex has reported that over 100,000 creditors…
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