February 10, 2023 BY Steffy Bogdanova

Kraken discontinues crypto staking in US following a $30 million settlement with SEC

According to SEC’s complaint, Kraken has offered and sold its crypto asset “staking services” since 2019, advertising annual investment returns of as much as 21%. SEC Chair Gary Gensler commented: Whether it’s through staking-as-a-service, lending, or other means, crypto intermediaries, when offering investment contracts in exchange for investors’ tokens, need to provide the proper disclosures…

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Saxo Bank
February 10, 2023 BY Steffy Bogdanova

Saxo Bank’s FX volume falls 5% MoM in January

The average daily volume (ADV) in forex instruments stood at $5.2 billion. The figure was the same as last year’s and fell 5.5% on monthly basis. The brokerage firm reported that demand in Equities also fell. The volume in January was $219.7 billion, falling 14% compared to December. On yearly basis, the asset class dropped…

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Euronext
February 10, 2023 BY Steffy Bogdanova

Euronext revenue rises 9% in 2022 to €1.48 billion

Post-trade revenue increased 13.7% last year to €364.5 million. In 2022, Custody and Settlement revenue came in at €243.1 million and Clearing revenue stood at €121.4 million. The company’s EBITA for 2022 was €861.6million, registering a 11.7% increase with margin increase slightly below last year’s to 58.7%. Euronext saw net income of €437.8 million during…

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February 09, 2023 BY Steffy Bogdanova

CySEC withdraws CIF licence of F1Markets

F1Markets states the following on its website: We regret to inform you that our Company has decided to renounce its authorization and therefore please be aware that as of 20th of June 2022, F1Markets Ltd, operating under the domains www.investous.com/eu and www.f1markets.com will no longer be able to offer its investments and ancillary services to…

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Euronext
February 09, 2023 BY Steffy Bogdanova

Euronext’s FX trading volumes up 9.5% MoM in January 2023

The average daily volume in FX for last month came in at $19.6 billion. Compared to December’s $17.9 billion, this was also a 9.5% MoM increase. Total Cash Market numbers in January stood at $215.5 million, up by 10% MoM compared to previous month. On yearly basis, the exchange saw a 26% decrease. Derivatives markets…

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February 09, 2023 BY Steffy Bogdanova

Market Analysis: Coca-Cola’s image before earnings report, Cisco’s strength to be challenged coming into the new year

Cisco’s strength to be challenged coming into the new year Cisco Systems, Inc.  (symbol ‘CSCO’) made somewhat consistent profits throughout the last quarter of 2022 with some sideway movement on the share price in the last month and a half. The company’s earnings report for the fiscal quarter ending December 2022 is set to be…

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February 09, 2023 BY Steffy Bogdanova

XS.com hires Stephanie Michael as Global Head of HR

Mohamad Ibrahim, Group Chief Executive Officer (CEO) at XS.com commented: We are thrilled to welcome Stephanie Michael as our new Head of HR to the team. Her expertise and passion for human resources will be a valuable asset to the group as we continue to grow and evolve at a rapid pace. I am confident…

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Robinhood
February 09, 2023 BY Steffy Bogdanova

Robinhood Q4 2022 net loss falls to $166 million

Monthly Active Users in the final three months of the year decreased by 0.8 million to 11.4 million, as customers continued to navigate the volatile market. Full year results Robinhood reported that net revenues for the full year 2022 came in at $1.36 billion. The figure registered a 25% decrease compared to the previous year’s $1.82…

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