February 13, 2023 BY Steffy Bogdanova

GCEX teams up with Komainu to boost custodian offering

Darren Jordan, Head of Sales, Komainu added: Working with GCEX aligns with our core values to offer institutional investors a regulated digital asset custody solution, while remaining a designated third party. With an increasing focus on counterparty risk, our partnership further reinforces our joint commitment to keep our clients’ assets segregated and secure.” GCEX provides…

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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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