Sergio Perez’s contract with Red Bull ends after the 2024 season, with Liam Lawson replacing him for 2025.
The Securities Commission of Malaysia recently directed the exchange to halt its operations in the country.
Red Bull Racing is facing significant changes ahead of the
2025 Formula One season. One of the most notable developments is the end of its
partnership with Bybit, a cryptocurrency exchange. The sponsorship deal, valued
at $150 million over three years, concluded unexpectedly, leaving a gap in Red
Bull's sponsorship portfolio, according to SI's online report.
Bybit 'Doubles Down' on Crypto Ecosystem Support
Helen Liu, Chief Operating Officer at Bybit, Source: Bybit
"Partnering with Red Bull Racing has been an incredible
journey. It has elevated Bybit’s global presence and aligned us with champions
who embody the same spirit of excellence and innovation we pursue," commented
Helen Liu, Chief Operating Officer at Bybit.
"As we move forward and review our sponsorship
strategy, we are doubling down on our commitment to the crypto ecosystem by
supporting impactful initiatives that accelerate blockchain adoption, support
builders and foster a vibrant Web3 community," she added.
In terms of Red Bull's driver lineup, Max Verstappen has secured
his fourth Formula One driver’s championship in 2024, further solidifying his
position as one of the sport’s top drivers. Verstappen has also shown interest
in changing the team’s livery, preferring a departure from the matte finish
used in recent years. In Red Bull's ‘Talking Bull’ podcast, he acknowledged
Sergio Perez’s role in the team, despite the performance gap that ultimately
led to Perez’s departure.
Perez, who joined Red Bull in 2021, had a disappointing 2024
season, finishing 285 points behind Verstappen. As a result, Red Bull decided
to cut his contract short. Liam Lawson, who previously raced for Red Bull's
sister team, will replace Perez for the 2025 season. Lawson’s previous
experience within the Red Bull family brings fresh energy to the team.
Bybit Ends Operations in Malaysia
Ben Zhou, Co-Founder and CEO of Bybit
Meanwhile, Bybit
has ceased its operations in Malaysia following an order from the
Securities Commission Malaysia (SC). The SC flagged Bybit for operating without
local registration and held CEO Ben Zhou accountable for ensuring compliance,
as reported by Finance Magnates.
The SC had previously added Bybit to its “Investor Alert”
list in 2021 for operating a digital asset exchange without registration,
alongside other unregistered platforms, including some crypto exchanges and
CFDs brokers.
The order, communicated to Bybit on December 11, 2024,
required the exchange to disable its website and mobile apps in Malaysia within
14 business days. Bybit was also instructed to stop all advertising and close
its Telegram support group for Malaysian users. The SC cited concerns over
compliance with local regulations and investor protection.
Red Bull Racing is facing significant changes ahead of the
2025 Formula One season. One of the most notable developments is the end of its
partnership with Bybit, a cryptocurrency exchange. The sponsorship deal, valued
at $150 million over three years, concluded unexpectedly, leaving a gap in Red
Bull's sponsorship portfolio, according to SI's online report.
Bybit 'Doubles Down' on Crypto Ecosystem Support
Helen Liu, Chief Operating Officer at Bybit, Source: Bybit
"Partnering with Red Bull Racing has been an incredible
journey. It has elevated Bybit’s global presence and aligned us with champions
who embody the same spirit of excellence and innovation we pursue," commented
Helen Liu, Chief Operating Officer at Bybit.
"As we move forward and review our sponsorship
strategy, we are doubling down on our commitment to the crypto ecosystem by
supporting impactful initiatives that accelerate blockchain adoption, support
builders and foster a vibrant Web3 community," she added.
In terms of Red Bull's driver lineup, Max Verstappen has secured
his fourth Formula One driver’s championship in 2024, further solidifying his
position as one of the sport’s top drivers. Verstappen has also shown interest
in changing the team’s livery, preferring a departure from the matte finish
used in recent years. In Red Bull's ‘Talking Bull’ podcast, he acknowledged
Sergio Perez’s role in the team, despite the performance gap that ultimately
led to Perez’s departure.
Perez, who joined Red Bull in 2021, had a disappointing 2024
season, finishing 285 points behind Verstappen. As a result, Red Bull decided
to cut his contract short. Liam Lawson, who previously raced for Red Bull's
sister team, will replace Perez for the 2025 season. Lawson’s previous
experience within the Red Bull family brings fresh energy to the team.
Bybit Ends Operations in Malaysia
Ben Zhou, Co-Founder and CEO of Bybit
Meanwhile, Bybit
has ceased its operations in Malaysia following an order from the
Securities Commission Malaysia (SC). The SC flagged Bybit for operating without
local registration and held CEO Ben Zhou accountable for ensuring compliance,
as reported by Finance Magnates.
The SC had previously added Bybit to its “Investor Alert”
list in 2021 for operating a digital asset exchange without registration,
alongside other unregistered platforms, including some crypto exchanges and
CFDs brokers.
The order, communicated to Bybit on December 11, 2024,
required the exchange to disable its website and mobile apps in Malaysia within
14 business days. Bybit was also instructed to stop all advertising and close
its Telegram support group for Malaysian users. The SC cited concerns over
compliance with local regulations and investor protection.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Executive Interview | Jas Shah | FMLS:25
Executive Interview | Jas Shah | FMLS:25
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
