The US-based crypto exchange said it has enough funds to ensure all clients can withdraw their assets in that period. Clients will be offered the option to transfer their crypto funds to a third-party wallet or convert them to Japanese yen. Kraken initially launched services in Japan in 2014 and pulled out in 2018. The…
Read more
FTX filed for bankruptcy in November following the quick collapse of the exchange after a liquidity crisis and a failed bailout by Binance. Bankman-Fried stepped down as a CEO after the string of events. The founder of the exchange was accused of "fraud of epic proportions" and is facing criminal charges for defrauding investors. Additionally,…
Read more
As company CEO, Ashraf Sleiman Agha brings an expertise in managing FX and CFDs firm with more than 30 years spent in the financial sector. In his new position, he will oversee all UK operations and tea members. Throughout his career, he has held roles such as Head of Treasury at Saxo Bank, Chief Operating…
Read more
The integration allows brokers using FX Back Office services with offer their clients the Match-Trader platform. Earlier this year, Match-Trade Technologies launched Match-Trader full server solution offer. Brokers can easily integrate the solution into their current setup. The integration provides traders with multiplatform support and more flexibility in their offerings. Vasily Sokolov, Chief Technology Officer…
Read more
European Shares Equities drifted in Europe on Friday, extending overnight losses in Asia while US futures also point to a bearish open for the last significant trading session of 2022. This morning’s slew of mixed macro data from the old continent, including the French PPI, Spanish GDP and Italian business and consumer confidence, combined with…
Read more
The Group acquired Avila in October 2020 to secure a Small Electronic Money Institution. The company’s primary operating subsidiary, Cornerstone Payment Solutions Ltd. (formerly FXPress Payment Services Ltd.) gained approval from the Financial Conduct Authority (FCA) as Authorised Electronic Money Institution in August 2021, which replaced the more limited license of Avila. According to the…
Read more
The Cypriot regulator initially suspended the license of the crypto exchange on 11 November 2022 following its collapse. This came only two months after FTX obtained approval from the Cyprus financial market regulator allowing it to offer company products and services to European clients. CySEC noted that during the suspension, the exchange is not permitted…
Read more
Website update The new B2BinPay website new design features multiple pages, each dedicated to different products and services. The new design features a comprehensive guide to On-Chain and Off-Chain transactions. On-Chain transactions are executed on the blockchain, requiring verification by other network users. These transactions have no commission fees, but associated blockchain fees still apply.…
Read more
European Shares European markets are set for another bullish trading session after gains were registered shortly after the opening bell on Thursday, extending the trend spotted in Asia overnight as well as on US futures. This week’s bullish sentiment lingers after yesterday’s reassuring US consumer confidence data and the recent declaration from Chinese regulators, pledging…
Read more
The prosecutors on the case have said they will not oppose bail if the defendants submit their travel documents and fulfil other conditions. In separate actions, the US Securities and Exchange Commission (SEC) has also charged Ellison and Gary Wang for their roles in a multiyear scheme to defraud equity investors of the crypto trading…
Read more