Tokenized Stocks Mania: Two Mega Crypto Exchanges Enter the Space Nearly 2 Hours Apart
- Kraken and Bybit have announced their listing of tokenized U.S. stocks.
- Meanwhile, Robinhood also announced the launch of tokenized versions of U.S.-listed stocks and ETFs, besides a blockchain network.
Monday, 30/06/2025 | 14:33 GMT by
Jared Kirui
Nobitex Reboots: Iran’s Top Crypto Exchange Reopens After Alleged Israeli Hack
- Trading reportedly remains suspended as Nobitex begins a gradual relaunch.
- The exchange recently suffered a security breach that reportedly involved a group called Gonjeshke Darande, or "Predatory Sparrow."
Monday, 30/06/2025 | 12:55 GMT by
Jared Kirui
Weekly Recap: IG Launches Campaign to Revive UK Stock Market; Plus500 Secures Canadian License
- Also this week, in his weekly column, Paul Golden analyzed the lucrative wave of deals behind recent retail broker buyouts.
- Meanwhile, Capital.com added a $1M private insurance policy to protect client funds in the European Union.
Saturday, 28/06/2025 | 04:00 GMT by
Jared Kirui
Prediction Market Growth Lifts USDC Flows, Signaling Stablecoin Utility Shift
- All Polymarket trades reportedly settle in USDC on the Polygon blockchain, driving stablecoin activity.
- Additionally, U.S. lawmakers are advancing stablecoin regulation, Coinbase's latest report highlighted.
Friday, 27/06/2025 | 18:37 GMT by
Jared Kirui
XRP News: Token Extends Losses Despite Whale Transfers and Easing Geopolitical Tensions
- Ripple's token has repeatedly failed to break resistance at $2.17, reinforcing a bearish descending channel pattern that remains unresolved.
- A legal setback further pressured sentiment, as a judge rejected a proposed settlement between Ripple and the SEC, renewing regulatory uncertainty.
Friday, 27/06/2025 | 13:30 GMT by
Jared Kirui
Revolut Enters Argentina With Purchase of Local Lender From BNP: Report
- The acquisition reportedly includes Banco Cetelem’s local banking license and approximately $6.4 million in assets.
- Revolut is reportedly actively pursuing at least 10 additional banking licenses around the world to support its growth.
Thursday, 26/06/2025 | 20:37 GMT by
Jared Kirui
Devexperts and Forex CRM Provider EAERA Merge Trading and Client Management
- The new offering promises to allow brokers to manage trader acquisition, verification, and engagement from a single interface without switching platforms.
- Brokers using DXtrade can reportedly use EAERA’s tools for onboarding, compliance, performance tracking, and client segmentation.
Thursday, 26/06/2025 | 16:50 GMT by
Jared Kirui
FCA Issues Alert Over Unregistered Broker Using XTB Branding
- According to the UK regulator, “XTB Online” is offering financial services without proper authorization.
- The firm claims to operate out of London's Canary Wharf, using the address One Canada Square.
Thursday, 26/06/2025 | 14:17 GMT by
Jared Kirui
Kraken Now Offers Global Money Transfers via New Finance App
- Dubbed Krak, the new platform is reportedly available in more than 110 countries.
- It reportedly supports peer-to-peer transfers without the need for bank account numbers or crypto wallet addresses, according to the company.
Thursday, 26/06/2025 | 13:30 GMT by
Jared Kirui
XRP Price Analysis: These Analysts Predict Breakout by September as Price Holds Key Support
- Despite the bullish sentiment, XRP remains stuck in its range, with every breakout attempt failing at $2.40 and dips below $2 quickly reversing.
- A close above $2.40 could pave the way for XRP to reach $3.00, and possibly retest the seven-year high of $3.40 if momentum continues.
Wednesday, 25/06/2025 | 19:54 GMT by
Jared Kirui
FX Clients Switching Less as Vendor Turnover Drops from 51% to 22%, Says Citi
- Despite the drop, which spans four years in switching, Citi's report warned that this does not mean clients are complacent but rather that they are seeking longer-term collaboration.
- FX vendors are increasingly expected to go beyond traditional Execution Management Systems and integrate more directly into clients’ infrastructure.
Wednesday, 25/06/2025 | 16:59 GMT by
Jared Kirui
“UK’s Tough Regulations Driving Crypto Institutional Clients Offshore” iFX EXPO International 2025 Takeaways
- According to Jason Keogh, Sales Director at Fusion Capital, UK institutions are turning to offshore routes such as the EU, St. Lucia, and Canada.
- Recently, the FCA announced plans to replace EU rules with UK-specific regulations for the £12 trillion asset management sector.
Wednesday, 25/06/2025 | 15:14 GMT by
Jared Kirui
Marex and NatWest Enable Cross-Margining Between FX Futures and Prime Brokerage
- The initiative targets clients who use Marex for FX futures and NatWest for FX prime brokerage.
- It aims to boost capital efficiency by eliminating double margining for clients operating across both listed and OTC FX markets.
Wednesday, 25/06/2025 | 13:34 GMT by
Jared Kirui
Revolut Names Béatrice Cossa-Dumurgier Western Europe CEO in Banking License Drive
- Cossa-Dumurgier will oversee regulatory engagement with the French banking authority ACPR and the European Central Bank to facilitate Revolut’s licensing and growth in France.
- She brings extensive experience from previous leadership roles at BNP Paribas, McKinsey, the French Ministry of Finance, BlaBlaCar, Believe, and Société Générale.
Tuesday, 24/06/2025 | 19:46 GMT by
Jared Kirui
“Prop Firms Can’t Ignore That Young Traders Live on Mobile Apps,” Insights from iFX EXPO International 2025
- According to Jakub Roz, CEO of For Traders, the new retail-focused strategy differs significantly from traditional proprietary firms, which emphasize internal systems over user-facing platforms.
- This shift is reportedly also influencing wealth management, as young, affluent investors increasingly reject traditional stock-and-bond portfolios in favor of alternative assets.
Tuesday, 24/06/2025 | 17:34 GMT by
Jared Kirui
XRP News: Ripple Token Jumps 12% as Co-Founder Reemerges After 14 Years
- The rally coincided with the reappearance of Arthur Britto, one of Ripple’s original co-founders, who made his first public post in nearly 14 years.
- Ripple and the SEC have also jointly requested final court approval to settle their longstanding legal dispute.
Tuesday, 24/06/2025 | 14:43 GMT by
Jared Kirui
Singapore’s New Rules Threaten Crypto Founders With Jail and $200K Fines
- The directive targets a perceived regulatory loophole that previously allowed crypto firms to serve foreign clients while bypassing Singapore’s oversight.
- MAS has rejected industry calls for leniency or phased implementation, reiterating its readiness to take enforcement action without exception.
Monday, 23/06/2025 | 21:04 GMT by
Jared Kirui
Edgewater Taps Former CME Executive Paul Allmark as Chief Technology Officer
- Allmark will be based in Edgewater’s London office and report directly to the company’s founders.
- He brings over 30 years of experience in financial technology and capital markets.
Monday, 23/06/2025 | 18:44 GMT by
Jared Kirui
XRP vs SEC: Legal Optimism Lifts Price 4% Despite Geopolitical Tensions
- By Monday, the crypto market showed signs of recovery, with Bitcoin rising to $101,000 and altcoins leading the rebound.
- Geopolitical risk remains high, with potential oil disruptions in the Strait of Hormuz threatening further volatility across risk assets.
Monday, 23/06/2025 | 15:09 GMT by
Jared Kirui
Moneta Markets Reveals Prop Trading Plans, Begins Search for General Manager
- The CFD brokerage firm's CEO and Founder, David Bily, announced the initiative, saying the platform is "nearly ready".
- The role is based in Dubai, where Moneta Markets partnered with Sterling Financial Services to establish a presence.
Monday, 23/06/2025 | 13:07 GMT by
Jared Kirui
GTN, CLS, Advanced Markets, and More: Executive Moves of the Week
- Among this week's executive move highlights, the Former Euroclear CEO joined CLS' Board.
- And in the regulatory space, the SEC established a new executive team, including Erik Hotmire as Chief External Affairs Officer.
Sunday, 22/06/2025 | 04:00 GMT by
Jared Kirui
Weekly Review: Dubai Outpays Cyprus in Top FX Executive Salaries; iFX EXPO International 2025 Highlights
- Also making headlines, Exness bought land worth €75 million, as Trading 212 opens a new Berlin office.
- In the crypto space, Coinbase is seeking approval for the USDC stablecoin.
Saturday, 21/06/2025 | 04:00 GMT by
Jared Kirui
Coinbase Announces EU MiCA License From Luxembourg Regulator
- Prior to obtaining the MiCA license, Coinbase operated through separate national licenses in countries such as Germany, France, Ireland, and the Netherlands.
- Other major exchanges like OKX, Crypto.com, and Bybit have also secured MiCA licenses.
Friday, 20/06/2025 | 15:42 GMT by
Jared Kirui
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