Skrill adds crypto-to-crypto buy and sell feature to its offering LeapRate

November 29, 2019 BY Valentina Kirilova

Skrill adds crypto-to-crypto buy and sell feature to its offering

Paysafe’s digital wallet, Skrill, has announced earlier this week that its clients can now use bitcoin to buy other cryptocurrencies using the Skrill Cryptocurrency Service, enabling quicker and more efficient cryptocurrency transactions. Skrill's customers will no longer have to convert their interests in one cryptocurrency back into fiat currencies before purchasing an interest in a new…

ATFX teams up with major payment providers for LATAM and the Middle East

November 29, 2019 BY Valentina Kirilova

Europe and Russia moving to build alternative to Visa and Mastercard

For veterans of the payment industry, it is beginning to be “Déjà vu” all over again. In the early days of Visa and Mastercard, back in the seventies, there were ongoing payment wars between the two U.S.-based card associations and banks in Europe, which preferred their home-grown services, dubbed EuroCheque and Europay at the time,…

November 29, 2019 BY Valentina Kirilova

Daily market commentary: European shares extending Thursday’s decline

ActivTrades’ Market Analysts have prepared for LeapRate their daily commentary on traditional markets for November 29, 2019. This is not a trading advice. See details below: EUROPEAN SHARES European shares are extending Thursday’s decline, alongside US Futures, in this last trading session of the month. We are seeing thinner volumes than usual on stocks as…

November 29, 2019 BY Valentina Kirilova

As Brexit drags on, debate returns to whether FX brokers will relocate

When there are delays, there will always be speculation as to the consequences after a final decision is made. Such is the case with Brexit negotiations, which have gone on longer than anyone initially contemplated. There have been all manners of guesses as to what might happen to the Pound, to the labor market, and…

November 29, 2019 BY Valentina Kirilova

What lies ahead for the US Dollar in 2020?

The following post was written by Thomas Hall. In October, the Federal Reserve cut interest rates for the third time in 2019, with the intention of maintaining the US' longest period of economic growth ahead of the 2020 presidential election. For the incumbent President, those cuts still aren’t enough. Trump has regularly pressured the Fed into…

November 29, 2019 BY Valentina Kirilova

FinTech provider Refinitiv joins Tradesocio's marketplace

Global provider of market data and technology tools for the financial industry Refinitiv, formerly the Financial and Risk business of information giant Thomson Reuters (NYSE:TRI), has announced that it has joined TS Marketplace. Its institutional-grade platform is now accessible within Tradesocio’s ecosystem. This integration benefits financial services providers forming the fintech company’s ecosystem in multiple ways, allowing them…

November 28, 2019 BY Valentina Kirilova

Daily Market News: US indices edge to new record highs

Adam Vettese, UK Market Analyst at eToro, has provided his daily commentary on traditional and crypto markets for November 28, 2019. The text below is an excerpt and does not contain the full analysis. In UK stocks, British American Tobacco’s trading update was one of the highlights on Wednesday. Despite cigarette sales volume falling in…

November 28, 2019 BY Valentina Kirilova

The German economy is coming back from the brink

The following market analysis of Gross Domestic Product Annualized (Q3) was prepared by Ramy Abouzaid, Head of Market Research at ATFX. Germany's Q3 GDP came in better than expected after showing limited growth in the euro zone's largest economy by 0.1% QoQ and 0.5% YoY, showing a consolidation in the economy after GDP growth slowed…

November 28, 2019 BY Valentina Kirilova

Fidelity gets competitive leg up in NY State on proposed Schwab/TDA deal

Fidelity Digital Asset Services (FDAS) has announced that New York officials have given it the green light to offer crypto trading services to its clients in the state. FDAS, a subsidiary of Fidelity Investments, has received a “BitLicense”, a coveted legal requirement to do business in the Empire State, from the New York State Department…

November 28, 2019 BY Valentina Kirilova

How will Google’s Cache product leverage banking links for unique value?

It has been nearly two weeks since Google threw its hat into the competitive ring of large tech companies trying to leverage their respective customer bases by associating in some way with the payments industry. Financial institutions control the payment arena from the consumer through the merchant sector, but banks tend to be slow in…