Amun AG is a Swiss fintech company that announced this Tuesday that it has gained approval from the Swedish Financial Supervisory Authority (SFSA) to offer crypto ETPs in the European Union. Amun offers ETP products (exchange-traded products) backed by either basket of cryptocurrencies or single cryptocurrency. The company currently has 10 of its products listed on…
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Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for December 10, 2019. Global markets are down across the board this morning as investors err on the side of caution ahead of the December 15th deadline for the next round of US imposed tariffs, which is fast…
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Euronext, the pan-European exchange, has announced that it has entered into a binding agreement to sell its 20% minority stake in EuroCCP to Cboe Global Markets, alongside the other current EuroCCP shareholders. The exchange informed that it will continue to leverage its long term derivatives clearing agreement with, and its 11.1% equity stake in, LCH…
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ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for December 10, 2019. This is not a trading advice. See details below: FOREX The calm before the storm, is how we may characterise the relative tranquillity in FX markets. Despite a slight leaning towards risk assets, with both the pound and…
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GCEX, FCA regulated digital technology solutions provider in Cryptoassets and Currencies for the institutional and professional segments, has just announced that it has joined Gold-i’s Matrix NETwork. GCEX will now be offering its crypto liquidity to Gold-i’s clients via the Gold-i Crypto Switch™ 2.0, part of the Matrix suite of products. GCEX (GC Exchange Limited)…
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Australian regulator ASIC has announced earlier today that it has suspended the Australian financial services (AFS) licence of Melbourne-based financial services provider Australian Golden Securities Ltd (formerly known as AFS Capital Securities Ltd). ASIC found that Australian Golden Securities failed to: lodge its accounts and audit report as a licensee for the year ending 30…
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The UK Financial Conduct Authority (FCA) has put out details of more unregulated firms this week. The names of the latest additions to the regulator’s warning list are the companies Arrows Financial Corporation, Blue Moon Loans, Pool Forex Investments, as well as clone firm Crypt Mill Broker Limited. According to the regulator, this firms are…
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MoneyGram International, Inc. (NASDAQ:MGI) will team up with Visa Inc. (NYSE:V) to enhance its person-to-person (P2P) debit card deposit service internationally. The pilot program will initially focus on payments to Spain and to the Philippines. Plans are to expand to other jurisdictions soon thereafter. MoneyGram, like its direct competitor Western Union, has always tried to…
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Online multi-asset trading services and currency data and analytics, OANDA Global Corporation, has just announced that it has appointed Greg Niebank as Head of Product. Niebank will be based in London and will be responsible for introducing additional trading instruments, client-focused partnerships and platform enhancements. A 21-year veteran in the electronic trading industry, Niebank has…
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The Bank for International Settlements (BIS) has noticed a growing trend of large bank platforms over the past three years to send less foreign exchange volume into the network for processing. A new report cites low volatility as reason that large banks in the Interbank system are “internalizing” more of their customer client capital flows…
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