Heavy selling from bitcoin miners negatively affected BTCUSD.
Bitcoin may 'de-peg' itself from the US indices following the Fed monetary policy.
Analysis
Warnings of an imminent bear market hit the cryptocurrency markets. Crypto analysts told investors to prepare for an extremely cold 'crypto winter' following Terra Luna collapse. Are the bearish warnings justified or fictionized?
Filled with ulterior motives and conflicting views, we will attempt to assess whether Bitcoin is poised for further selling or perhaps the downtrend is coming to an end.
source: tradingview
The bearish predictions for Bitcoin had repercussions. Some crypto exchanges have taken measures to prepare for the crypto winter.
Gemini and Coinbase Halt Recruitments
Gemini Trust Co., a popular crypto exchange owned by 2 brothers (twins), Tyler and Cameron Winklevoss announced the company will cut 10% of its workforce:
"We are now, in the contraction phase that is settling into a period of stasis, what our industry refers to as 'crypto winter'. This has all been compounded by the current macroeconomic and geopolitical turmoil. We are not alone.
"To that end, we have asked team leaders to ensure that they are focused only on products that are critical to our mission and assess whether their teams are right-sized for the current turbulent market conditions that are likely to persist for some time.
"After much thought and consideration, we have made the difficult but necessary decision to part ways with approximately 10% of our workforce."
Coinbase initially slowed the pace of hiring new employees but then announced it is pausing hiring "for both new and backfill roles for the foreseeable future."
"In response to the current market conditions and ongoing business prioritization efforts, we will extend our hiring pause for both new and backfill roles for the foreseeable future and rescind a number of accepted offers.
"Two weeks ago, we paused hiring while we took time to reprioritize our hiring needs against our highest-priority business goals. As these discussions have evolved, it’s become evident that we need to take more stringent measures to slow our headcount growth.
"Adapting quickly and acting now will help us to successfully navigate this macro environment and emerge even stronger, enabling further healthy growth and innovation."
Bitcoin miners that have been accumulating Bitcoin rewards are becoming increasingly concerned. Bitcoin's current levels are adding pressure on the crypto miners to liquidate their holdings to cover future operative costs.
The crypto mining stock index has a 0.97 correlation to BTC price. Due to the fairly rapid decline in Bitcoin, some miners have already begun liquidating.
Cathedra, a Canadian mining firm revealed in its earnings report that it has sold almost all of its Bitcoin holdings. 235 bitcoins were sold throughout may at an average price of $29,152 for over $5 million:
"Throughout May 2022, the Company sold 235 bitcoin at an average price of $37,315 (US$29,152) for total cash proceeds of $8,768,922. With these sales, the Company insulates itself from additional declines in the price of bitcoin and maintains its liquidity position.
"Cathedra will continue pursuing its long-term goal of accumulating a large bitcoin treasury through its mining operations. As of May 27, 2022, the Company held $2,559,236 in cash and $133,468 of bitcoin (3.69 BTC) for a total of $2,692,704 in cash and bitcoin."
Cathedra's Chief Executive Officer, AJ Scalia commented the following on the BTC liquidations: "We have spent the last several weeks restructuring our balance sheet and operations to ensure Cathedra is well-positioned to endure a prolonged economic downturn."
“Some of these decisions were difficult, but we are confident they are in the long-term best interest of shareholders and the Company.”
Over 2,000 BTC were liquidated on 12 May according to cryptoquant which is tracking over 15 miners. According to Bloomberg, crypto miners transferred 195,663 coins to exchanges in May 2022. It is the largest monthly increase since January.
The estimated value of the cryptocurrencies that were transferred is $6.3 billion. It is important to note that miners may transfer coins to exchanges for other purposes rather than selling.
Riot Blockchain mining company also liquidated bitcoin in May 2022. The firm reported that out of the 466 BTC it has earned in May, 250 BTC were sold for approximately $7.5 million.
Riot Blockchain is holding around 6,536 BTC as of 31 May.
Although there has been a negative downturn for bitcoin, Riot is in the process of constructing a new 1-gigawatt mining facility in Texas. According to the official statement, "The Expansion has begun with the development of an initial 400 megawatts ('MW') of capacity on a 265-acre site, with immersion-cooled mining and hosting operations expected to commence in July 2023."
Jason Les, the CEO of Riot said that: "Upon completion of the Expansion, Riot’s developed capacity will total 1.7 GW, establishing the Company among the largest Bitcoin mining operations globally."
The Fed Balance Sheet
The Federal Reserve (Fed) may begin reducing its balance sheet as early as June 2022. The impact of the monetary policy tightening is likely to affect multiple markets including cryptocurrencies.
The Fed's balance sheet currently stands at $8.9 trillion.
Focus will be on the 4 US treasury securities the Fed is holding that are maturing in June 2022, starting on 15 June.
15 June: $14.9 billion
30 June: $13.3 billion
30 June: $15.4 billion
30 June: $4.6 billion
Total: $48.5 billion
Rate hikes are expected to be made as the tightening begins. Fed Governor Christopher Waller said it is still unclear what impact will the balance sheet reduction have.
An Economic Hurricane Is Coming
The Federal Reserve is taking these measures to curb inflation, which is at its highest point in 4 decades.
JPMorgan Chief Executive, Jamie Dimon warned that an economic hurricane is coming:
“You know, I said there’s storm clouds but I’m going to change it … it’s a hurricane. Right now, it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle this. That hurricane is right out there, down the road, coming our way.
“You’d better brace yourself, JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet.”
“We’ve never had QT like this, so you’re looking at something you could be writing history books on for 50 years. Central banks don’t have a choice because there’s too much liquidity in the system.
"They have to remove some of the liquidity to stop the speculation, reduce home prices and stuff like that.”
The US inflation soared in recent months, which is forcing central banks to act.
The upcoming monetary tightening by the Federal Reserve may have a significant impact on Bitcoin and the leading cryptocurrencies.
Bitcoin May 'Lose Its Peg' to US Indices
BTC has been strongly correlated to the US Indices, such as S&P500 or Nasdaq100. The balance sheet reduction to curb inflation in tandem with rate hikes may cause Bitcoin to 'de-peg' from US markets.
While it is challenging to determine, I am not expecting a reversed correlation. Instead, Bitcoin demonstrates greater resilience in an event of a bearish stock market and benefits from moderate gains based on its own fundamentals, such as regulations, legal tender status etc.
The Fed monetary policy may inject greater volatility in Bitcoin in the short-term, in the medium to long term the price may be sustained by market bulls.
When central banks loosed their monetary policies due to the 2008 financial crisis the currency correlations were altered. Likewise, when Yellen began tightening the currency correlations were changed once again.
A similar phenomenon may occur with Bitcoin.
Reports that Citadel Securities, Fidelity Investments, and Charles Schab Corp are developing a crypto trading system for retail brokers may only strengthen the crypto markets.
Joined by Virtu Financial Inc, the financial firms' platform will offer brokers crypto executions to their clients. The ecosystem is still being developed and many are only available at the beginning of 2023.
Sequoia Capital and Paradigm may also join the project.
Crypto Algos Potential Impact
The abrupt shift in market conditions may be sufficient to achieve the above. While the Fed will strive to accelerate its balance sheet reduction, breaking out of the correlation may take some time.
The Fed monetary policy that is due next week (15 June) may mark the beginning of new market fundamentals for Bitcoin. As other cryptocurrencies and tokens often trade in tandem with Bitcoin, crypto trading algorithms' performance may be affected.
On most occasions when market conditions abruptly change, algorithms tend to post negative results.
$32,500 (approx.) may be the key daily resistance in BTCUSD. A firm daily close above may clear the way for further gains.
Warnings of an imminent bear market hit the cryptocurrency markets. Crypto analysts told investors to prepare for an extremely cold 'crypto winter' following Terra Luna collapse. Are the bearish warnings justified or fictionized?
Filled with ulterior motives and conflicting views, we will attempt to assess whether Bitcoin is poised for further selling or perhaps the downtrend is coming to an end.
source: tradingview
The bearish predictions for Bitcoin had repercussions. Some crypto exchanges have taken measures to prepare for the crypto winter.
Gemini and Coinbase Halt Recruitments
Gemini Trust Co., a popular crypto exchange owned by 2 brothers (twins), Tyler and Cameron Winklevoss announced the company will cut 10% of its workforce:
"We are now, in the contraction phase that is settling into a period of stasis, what our industry refers to as 'crypto winter'. This has all been compounded by the current macroeconomic and geopolitical turmoil. We are not alone.
"To that end, we have asked team leaders to ensure that they are focused only on products that are critical to our mission and assess whether their teams are right-sized for the current turbulent market conditions that are likely to persist for some time.
"After much thought and consideration, we have made the difficult but necessary decision to part ways with approximately 10% of our workforce."
Coinbase initially slowed the pace of hiring new employees but then announced it is pausing hiring "for both new and backfill roles for the foreseeable future."
"In response to the current market conditions and ongoing business prioritization efforts, we will extend our hiring pause for both new and backfill roles for the foreseeable future and rescind a number of accepted offers.
"Two weeks ago, we paused hiring while we took time to reprioritize our hiring needs against our highest-priority business goals. As these discussions have evolved, it’s become evident that we need to take more stringent measures to slow our headcount growth.
"Adapting quickly and acting now will help us to successfully navigate this macro environment and emerge even stronger, enabling further healthy growth and innovation."
Bitcoin miners that have been accumulating Bitcoin rewards are becoming increasingly concerned. Bitcoin's current levels are adding pressure on the crypto miners to liquidate their holdings to cover future operative costs.
The crypto mining stock index has a 0.97 correlation to BTC price. Due to the fairly rapid decline in Bitcoin, some miners have already begun liquidating.
Cathedra, a Canadian mining firm revealed in its earnings report that it has sold almost all of its Bitcoin holdings. 235 bitcoins were sold throughout may at an average price of $29,152 for over $5 million:
"Throughout May 2022, the Company sold 235 bitcoin at an average price of $37,315 (US$29,152) for total cash proceeds of $8,768,922. With these sales, the Company insulates itself from additional declines in the price of bitcoin and maintains its liquidity position.
"Cathedra will continue pursuing its long-term goal of accumulating a large bitcoin treasury through its mining operations. As of May 27, 2022, the Company held $2,559,236 in cash and $133,468 of bitcoin (3.69 BTC) for a total of $2,692,704 in cash and bitcoin."
Cathedra's Chief Executive Officer, AJ Scalia commented the following on the BTC liquidations: "We have spent the last several weeks restructuring our balance sheet and operations to ensure Cathedra is well-positioned to endure a prolonged economic downturn."
“Some of these decisions were difficult, but we are confident they are in the long-term best interest of shareholders and the Company.”
Over 2,000 BTC were liquidated on 12 May according to cryptoquant which is tracking over 15 miners. According to Bloomberg, crypto miners transferred 195,663 coins to exchanges in May 2022. It is the largest monthly increase since January.
The estimated value of the cryptocurrencies that were transferred is $6.3 billion. It is important to note that miners may transfer coins to exchanges for other purposes rather than selling.
Riot Blockchain mining company also liquidated bitcoin in May 2022. The firm reported that out of the 466 BTC it has earned in May, 250 BTC were sold for approximately $7.5 million.
Riot Blockchain is holding around 6,536 BTC as of 31 May.
Although there has been a negative downturn for bitcoin, Riot is in the process of constructing a new 1-gigawatt mining facility in Texas. According to the official statement, "The Expansion has begun with the development of an initial 400 megawatts ('MW') of capacity on a 265-acre site, with immersion-cooled mining and hosting operations expected to commence in July 2023."
Jason Les, the CEO of Riot said that: "Upon completion of the Expansion, Riot’s developed capacity will total 1.7 GW, establishing the Company among the largest Bitcoin mining operations globally."
The Fed Balance Sheet
The Federal Reserve (Fed) may begin reducing its balance sheet as early as June 2022. The impact of the monetary policy tightening is likely to affect multiple markets including cryptocurrencies.
The Fed's balance sheet currently stands at $8.9 trillion.
Focus will be on the 4 US treasury securities the Fed is holding that are maturing in June 2022, starting on 15 June.
15 June: $14.9 billion
30 June: $13.3 billion
30 June: $15.4 billion
30 June: $4.6 billion
Total: $48.5 billion
Rate hikes are expected to be made as the tightening begins. Fed Governor Christopher Waller said it is still unclear what impact will the balance sheet reduction have.
An Economic Hurricane Is Coming
The Federal Reserve is taking these measures to curb inflation, which is at its highest point in 4 decades.
JPMorgan Chief Executive, Jamie Dimon warned that an economic hurricane is coming:
“You know, I said there’s storm clouds but I’m going to change it … it’s a hurricane. Right now, it’s kind of sunny, things are doing fine, everyone thinks the Fed can handle this. That hurricane is right out there, down the road, coming our way.
“You’d better brace yourself, JPMorgan is bracing ourselves and we’re going to be very conservative with our balance sheet.”
“We’ve never had QT like this, so you’re looking at something you could be writing history books on for 50 years. Central banks don’t have a choice because there’s too much liquidity in the system.
"They have to remove some of the liquidity to stop the speculation, reduce home prices and stuff like that.”
The US inflation soared in recent months, which is forcing central banks to act.
The upcoming monetary tightening by the Federal Reserve may have a significant impact on Bitcoin and the leading cryptocurrencies.
Bitcoin May 'Lose Its Peg' to US Indices
BTC has been strongly correlated to the US Indices, such as S&P500 or Nasdaq100. The balance sheet reduction to curb inflation in tandem with rate hikes may cause Bitcoin to 'de-peg' from US markets.
While it is challenging to determine, I am not expecting a reversed correlation. Instead, Bitcoin demonstrates greater resilience in an event of a bearish stock market and benefits from moderate gains based on its own fundamentals, such as regulations, legal tender status etc.
The Fed monetary policy may inject greater volatility in Bitcoin in the short-term, in the medium to long term the price may be sustained by market bulls.
When central banks loosed their monetary policies due to the 2008 financial crisis the currency correlations were altered. Likewise, when Yellen began tightening the currency correlations were changed once again.
A similar phenomenon may occur with Bitcoin.
Reports that Citadel Securities, Fidelity Investments, and Charles Schab Corp are developing a crypto trading system for retail brokers may only strengthen the crypto markets.
Joined by Virtu Financial Inc, the financial firms' platform will offer brokers crypto executions to their clients. The ecosystem is still being developed and many are only available at the beginning of 2023.
Sequoia Capital and Paradigm may also join the project.
Crypto Algos Potential Impact
The abrupt shift in market conditions may be sufficient to achieve the above. While the Fed will strive to accelerate its balance sheet reduction, breaking out of the correlation may take some time.
The Fed monetary policy that is due next week (15 June) may mark the beginning of new market fundamentals for Bitcoin. As other cryptocurrencies and tokens often trade in tandem with Bitcoin, crypto trading algorithms' performance may be affected.
On most occasions when market conditions abruptly change, algorithms tend to post negative results.
$32,500 (approx.) may be the key daily resistance in BTCUSD. A firm daily close above may clear the way for further gains.
Retail Traders Get Tokenized US IPO Allocations at Offer Price as Payward Expands xStocks
Featured Videos
Buy, Build or Both? Trading Tech for Brokers, Banks & Beyond
Buy, Build or Both? Trading Tech for Brokers, Banks & Beyond
Buy, Build or Both? Trading Tech for Brokers, Banks & Beyond
Buy, Build or Both? Trading Tech for Brokers, Banks & Beyond
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
For every feature and product, someone has to decide: build it in-house or buy from a vendor. In Singapore and across APAC, local banks and global players face the same question with very different constraints.
This session gathers heads of technology and e-trading to compare how client demand and cost structures shape their choices, and how long it actually takes to ship in each.
Attendees will walk away with:
First-hand view of how client feedback informs decision-making across different market participants.
Understanding pain points and benefits of working with 3rd party integrations at scale.
Insight into products and innovation banks’ retail and trading heads will look for in 2026.
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
Regulation Roundup: Setup, Compliance, and Hidden Costs of Entry
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
As Singapore's capital-intensive requirements leave only a few retail brokers active in the city-state, there are many opportunities to be made in and around.
This session gathers regulators, advisors, and operators who have set up across multiple APAC jurisdictions to break down figures, what's working, what's breaking, and what's next.
Attendees will walk away with:
Survey of capital thresholds and other requirements across regions in APAC
Nuanced understanding of Singapore's role in the retail trading space
Glimpse into parallel developments in digital assets and RWA
Rails for Growth: 'Payments as Infrastructure' for Financial Superapps
Rails for Growth: 'Payments as Infrastructure' for Financial Superapps
Rails for Growth: 'Payments as Infrastructure' for Financial Superapps
Rails for Growth: 'Payments as Infrastructure' for Financial Superapps
Rails for Growth: 'Payments as Infrastructure' for Financial Superapps
Rails for Growth: 'Payments as Infrastructure' for Financial Superapps
For fintechs who try to capture the retail investment crowd, payments can be a game-changer from user experience to back-office plumbing.
This session brings together builders from across the payment ecosystem to examine how new rails are altering the way capital moves in APAC and beyond.
Attendees will walk away with:
A clear view of how stablecoins, on-chain settlement, and tokenised money are being used in live institutional workflows today
Understanding of what MAS initiatives like Project Orchid and Project Bloom signal for the future of digital money in Singapore's capital markets
Insight into how mobile-first fund platforms and digital distribution channels are pulling payment infrastructure closer to the point of investment
Perspective on the compliance and custody challenges firms face when payments, trading, and settlement converge on the same rails
For fintechs who try to capture the retail investment crowd, payments can be a game-changer from user experience to back-office plumbing.
This session brings together builders from across the payment ecosystem to examine how new rails are altering the way capital moves in APAC and beyond.
Attendees will walk away with:
A clear view of how stablecoins, on-chain settlement, and tokenised money are being used in live institutional workflows today
Understanding of what MAS initiatives like Project Orchid and Project Bloom signal for the future of digital money in Singapore's capital markets
Insight into how mobile-first fund platforms and digital distribution channels are pulling payment infrastructure closer to the point of investment
Perspective on the compliance and custody challenges firms face when payments, trading, and settlement converge on the same rails
For fintechs who try to capture the retail investment crowd, payments can be a game-changer from user experience to back-office plumbing.
This session brings together builders from across the payment ecosystem to examine how new rails are altering the way capital moves in APAC and beyond.
Attendees will walk away with:
A clear view of how stablecoins, on-chain settlement, and tokenised money are being used in live institutional workflows today
Understanding of what MAS initiatives like Project Orchid and Project Bloom signal for the future of digital money in Singapore's capital markets
Insight into how mobile-first fund platforms and digital distribution channels are pulling payment infrastructure closer to the point of investment
Perspective on the compliance and custody challenges firms face when payments, trading, and settlement converge on the same rails
For fintechs who try to capture the retail investment crowd, payments can be a game-changer from user experience to back-office plumbing.
This session brings together builders from across the payment ecosystem to examine how new rails are altering the way capital moves in APAC and beyond.
Attendees will walk away with:
A clear view of how stablecoins, on-chain settlement, and tokenised money are being used in live institutional workflows today
Understanding of what MAS initiatives like Project Orchid and Project Bloom signal for the future of digital money in Singapore's capital markets
Insight into how mobile-first fund platforms and digital distribution channels are pulling payment infrastructure closer to the point of investment
Perspective on the compliance and custody challenges firms face when payments, trading, and settlement converge on the same rails
For fintechs who try to capture the retail investment crowd, payments can be a game-changer from user experience to back-office plumbing.
This session brings together builders from across the payment ecosystem to examine how new rails are altering the way capital moves in APAC and beyond.
Attendees will walk away with:
A clear view of how stablecoins, on-chain settlement, and tokenised money are being used in live institutional workflows today
Understanding of what MAS initiatives like Project Orchid and Project Bloom signal for the future of digital money in Singapore's capital markets
Insight into how mobile-first fund platforms and digital distribution channels are pulling payment infrastructure closer to the point of investment
Perspective on the compliance and custody challenges firms face when payments, trading, and settlement converge on the same rails
For fintechs who try to capture the retail investment crowd, payments can be a game-changer from user experience to back-office plumbing.
This session brings together builders from across the payment ecosystem to examine how new rails are altering the way capital moves in APAC and beyond.
Attendees will walk away with:
A clear view of how stablecoins, on-chain settlement, and tokenised money are being used in live institutional workflows today
Understanding of what MAS initiatives like Project Orchid and Project Bloom signal for the future of digital money in Singapore's capital markets
Insight into how mobile-first fund platforms and digital distribution channels are pulling payment infrastructure closer to the point of investment
Perspective on the compliance and custody challenges firms face when payments, trading, and settlement converge on the same rails
From Rewards to Retention: The 5 Loyalty Program Mistakes Brokers Need To Avoid (Case Study)
From Rewards to Retention: The 5 Loyalty Program Mistakes Brokers Need To Avoid (Case Study)
From Rewards to Retention: The 5 Loyalty Program Mistakes Brokers Need To Avoid (Case Study)
From Rewards to Retention: The 5 Loyalty Program Mistakes Brokers Need To Avoid (Case Study)
From Rewards to Retention: The 5 Loyalty Program Mistakes Brokers Need To Avoid (Case Study)
From Rewards to Retention: The 5 Loyalty Program Mistakes Brokers Need To Avoid (Case Study)
Acquisition is getting more expensive. Most brokers already know that. The harder question is what happens after the client funds the account.
This session looks at how broker loyalty programmes are moving from “nice-to-have rewards” into a serious retention layer inside the client portal.
In this session, Desmond Leong, CEO of Returning.AI, will break down the practical mechanics behind high-performing broker loyalty programmes: what to reward, what not to reward, how onshore and offshore entities need different incentive structures, what belongs in the rewards store, and how brokers can recycle reward budgets back into trading value instead of letting them disappear as pure cost.
The talk will cover common mistakes brokers make when launching loyalty programmes, including copying retail-style rewards, ignoring jurisdictional constraints, over-relying on bonuses, failing to connect rewards to lifecycle stages, and measuring vanity engagement instead of retention, LTV, CAC payback, deposits, and active trading behaviour.
Attendees will leave with a clear do-and-don’t framework they can use to pressure-test their own loyalty strategy.
Why loyalty is no longer a “nice-to-have” marketing feature for brokers
The building blocks of any loyalty program and what they mean: points, tiers, missions, stores, leaderboards, boosters, and cashback-style mechanics
Understanding of how key regulators read loyalty incentives and where the compliance lines are
What should go in the rewards store, and what quietly destroys ROI
How trading credits, rebates, VIP perks, education, and service benefits can recycle value back into the brokerage
The 5 mistakes brokers should avoid when building or buying a loyalty programme
Real figures from a live deployment: what moved in daily activity, tier progression, and trader spend
Acquisition is getting more expensive. Most brokers already know that. The harder question is what happens after the client funds the account.
This session looks at how broker loyalty programmes are moving from “nice-to-have rewards” into a serious retention layer inside the client portal.
In this session, Desmond Leong, CEO of Returning.AI, will break down the practical mechanics behind high-performing broker loyalty programmes: what to reward, what not to reward, how onshore and offshore entities need different incentive structures, what belongs in the rewards store, and how brokers can recycle reward budgets back into trading value instead of letting them disappear as pure cost.
The talk will cover common mistakes brokers make when launching loyalty programmes, including copying retail-style rewards, ignoring jurisdictional constraints, over-relying on bonuses, failing to connect rewards to lifecycle stages, and measuring vanity engagement instead of retention, LTV, CAC payback, deposits, and active trading behaviour.
Attendees will leave with a clear do-and-don’t framework they can use to pressure-test their own loyalty strategy.
Why loyalty is no longer a “nice-to-have” marketing feature for brokers
The building blocks of any loyalty program and what they mean: points, tiers, missions, stores, leaderboards, boosters, and cashback-style mechanics
Understanding of how key regulators read loyalty incentives and where the compliance lines are
What should go in the rewards store, and what quietly destroys ROI
How trading credits, rebates, VIP perks, education, and service benefits can recycle value back into the brokerage
The 5 mistakes brokers should avoid when building or buying a loyalty programme
Real figures from a live deployment: what moved in daily activity, tier progression, and trader spend
Acquisition is getting more expensive. Most brokers already know that. The harder question is what happens after the client funds the account.
This session looks at how broker loyalty programmes are moving from “nice-to-have rewards” into a serious retention layer inside the client portal.
In this session, Desmond Leong, CEO of Returning.AI, will break down the practical mechanics behind high-performing broker loyalty programmes: what to reward, what not to reward, how onshore and offshore entities need different incentive structures, what belongs in the rewards store, and how brokers can recycle reward budgets back into trading value instead of letting them disappear as pure cost.
The talk will cover common mistakes brokers make when launching loyalty programmes, including copying retail-style rewards, ignoring jurisdictional constraints, over-relying on bonuses, failing to connect rewards to lifecycle stages, and measuring vanity engagement instead of retention, LTV, CAC payback, deposits, and active trading behaviour.
Attendees will leave with a clear do-and-don’t framework they can use to pressure-test their own loyalty strategy.
Why loyalty is no longer a “nice-to-have” marketing feature for brokers
The building blocks of any loyalty program and what they mean: points, tiers, missions, stores, leaderboards, boosters, and cashback-style mechanics
Understanding of how key regulators read loyalty incentives and where the compliance lines are
What should go in the rewards store, and what quietly destroys ROI
How trading credits, rebates, VIP perks, education, and service benefits can recycle value back into the brokerage
The 5 mistakes brokers should avoid when building or buying a loyalty programme
Real figures from a live deployment: what moved in daily activity, tier progression, and trader spend
Acquisition is getting more expensive. Most brokers already know that. The harder question is what happens after the client funds the account.
This session looks at how broker loyalty programmes are moving from “nice-to-have rewards” into a serious retention layer inside the client portal.
In this session, Desmond Leong, CEO of Returning.AI, will break down the practical mechanics behind high-performing broker loyalty programmes: what to reward, what not to reward, how onshore and offshore entities need different incentive structures, what belongs in the rewards store, and how brokers can recycle reward budgets back into trading value instead of letting them disappear as pure cost.
The talk will cover common mistakes brokers make when launching loyalty programmes, including copying retail-style rewards, ignoring jurisdictional constraints, over-relying on bonuses, failing to connect rewards to lifecycle stages, and measuring vanity engagement instead of retention, LTV, CAC payback, deposits, and active trading behaviour.
Attendees will leave with a clear do-and-don’t framework they can use to pressure-test their own loyalty strategy.
Why loyalty is no longer a “nice-to-have” marketing feature for brokers
The building blocks of any loyalty program and what they mean: points, tiers, missions, stores, leaderboards, boosters, and cashback-style mechanics
Understanding of how key regulators read loyalty incentives and where the compliance lines are
What should go in the rewards store, and what quietly destroys ROI
How trading credits, rebates, VIP perks, education, and service benefits can recycle value back into the brokerage
The 5 mistakes brokers should avoid when building or buying a loyalty programme
Real figures from a live deployment: what moved in daily activity, tier progression, and trader spend
Acquisition is getting more expensive. Most brokers already know that. The harder question is what happens after the client funds the account.
This session looks at how broker loyalty programmes are moving from “nice-to-have rewards” into a serious retention layer inside the client portal.
In this session, Desmond Leong, CEO of Returning.AI, will break down the practical mechanics behind high-performing broker loyalty programmes: what to reward, what not to reward, how onshore and offshore entities need different incentive structures, what belongs in the rewards store, and how brokers can recycle reward budgets back into trading value instead of letting them disappear as pure cost.
The talk will cover common mistakes brokers make when launching loyalty programmes, including copying retail-style rewards, ignoring jurisdictional constraints, over-relying on bonuses, failing to connect rewards to lifecycle stages, and measuring vanity engagement instead of retention, LTV, CAC payback, deposits, and active trading behaviour.
Attendees will leave with a clear do-and-don’t framework they can use to pressure-test their own loyalty strategy.
Why loyalty is no longer a “nice-to-have” marketing feature for brokers
The building blocks of any loyalty program and what they mean: points, tiers, missions, stores, leaderboards, boosters, and cashback-style mechanics
Understanding of how key regulators read loyalty incentives and where the compliance lines are
What should go in the rewards store, and what quietly destroys ROI
How trading credits, rebates, VIP perks, education, and service benefits can recycle value back into the brokerage
The 5 mistakes brokers should avoid when building or buying a loyalty programme
Real figures from a live deployment: what moved in daily activity, tier progression, and trader spend
Acquisition is getting more expensive. Most brokers already know that. The harder question is what happens after the client funds the account.
This session looks at how broker loyalty programmes are moving from “nice-to-have rewards” into a serious retention layer inside the client portal.
In this session, Desmond Leong, CEO of Returning.AI, will break down the practical mechanics behind high-performing broker loyalty programmes: what to reward, what not to reward, how onshore and offshore entities need different incentive structures, what belongs in the rewards store, and how brokers can recycle reward budgets back into trading value instead of letting them disappear as pure cost.
The talk will cover common mistakes brokers make when launching loyalty programmes, including copying retail-style rewards, ignoring jurisdictional constraints, over-relying on bonuses, failing to connect rewards to lifecycle stages, and measuring vanity engagement instead of retention, LTV, CAC payback, deposits, and active trading behaviour.
Attendees will leave with a clear do-and-don’t framework they can use to pressure-test their own loyalty strategy.
Why loyalty is no longer a “nice-to-have” marketing feature for brokers
The building blocks of any loyalty program and what they mean: points, tiers, missions, stores, leaderboards, boosters, and cashback-style mechanics
Understanding of how key regulators read loyalty incentives and where the compliance lines are
What should go in the rewards store, and what quietly destroys ROI
How trading credits, rebates, VIP perks, education, and service benefits can recycle value back into the brokerage
The 5 mistakes brokers should avoid when building or buying a loyalty programme
Real figures from a live deployment: what moved in daily activity, tier progression, and trader spend
Stablecoins from Experimentation to Implementation
Stablecoins from Experimentation to Implementation
Stablecoins from Experimentation to Implementation
Stablecoins from Experimentation to Implementation
Stablecoins from Experimentation to Implementation
Stablecoins from Experimentation to Implementation
With over $300 billion in stablecoins now in circulation and APAC regulators moving from frameworks to enforcement, the conversation has shifted.
Held in partnership with 8Circle, this session brings together the builders of new payment rails and the institutions putting them to work.
Attendees will walk away with:
A clear view of which stablecoin use cases have cleared proof of concept and are now operating at scale in APAC
Understanding of what the MAS Payment Services Act and Hong Kong's fiat stablecoin licensing regime mean for brokers and payment providers in practice
Insight into the infrastructure gaps firms most commonly underestimate before going live
Perspective on where the next wave of adoption is heading and what existing systems need to accommodate
With over $300 billion in stablecoins now in circulation and APAC regulators moving from frameworks to enforcement, the conversation has shifted.
Held in partnership with 8Circle, this session brings together the builders of new payment rails and the institutions putting them to work.
Attendees will walk away with:
A clear view of which stablecoin use cases have cleared proof of concept and are now operating at scale in APAC
Understanding of what the MAS Payment Services Act and Hong Kong's fiat stablecoin licensing regime mean for brokers and payment providers in practice
Insight into the infrastructure gaps firms most commonly underestimate before going live
Perspective on where the next wave of adoption is heading and what existing systems need to accommodate
With over $300 billion in stablecoins now in circulation and APAC regulators moving from frameworks to enforcement, the conversation has shifted.
Held in partnership with 8Circle, this session brings together the builders of new payment rails and the institutions putting them to work.
Attendees will walk away with:
A clear view of which stablecoin use cases have cleared proof of concept and are now operating at scale in APAC
Understanding of what the MAS Payment Services Act and Hong Kong's fiat stablecoin licensing regime mean for brokers and payment providers in practice
Insight into the infrastructure gaps firms most commonly underestimate before going live
Perspective on where the next wave of adoption is heading and what existing systems need to accommodate
With over $300 billion in stablecoins now in circulation and APAC regulators moving from frameworks to enforcement, the conversation has shifted.
Held in partnership with 8Circle, this session brings together the builders of new payment rails and the institutions putting them to work.
Attendees will walk away with:
A clear view of which stablecoin use cases have cleared proof of concept and are now operating at scale in APAC
Understanding of what the MAS Payment Services Act and Hong Kong's fiat stablecoin licensing regime mean for brokers and payment providers in practice
Insight into the infrastructure gaps firms most commonly underestimate before going live
Perspective on where the next wave of adoption is heading and what existing systems need to accommodate
With over $300 billion in stablecoins now in circulation and APAC regulators moving from frameworks to enforcement, the conversation has shifted.
Held in partnership with 8Circle, this session brings together the builders of new payment rails and the institutions putting them to work.
Attendees will walk away with:
A clear view of which stablecoin use cases have cleared proof of concept and are now operating at scale in APAC
Understanding of what the MAS Payment Services Act and Hong Kong's fiat stablecoin licensing regime mean for brokers and payment providers in practice
Insight into the infrastructure gaps firms most commonly underestimate before going live
Perspective on where the next wave of adoption is heading and what existing systems need to accommodate
With over $300 billion in stablecoins now in circulation and APAC regulators moving from frameworks to enforcement, the conversation has shifted.
Held in partnership with 8Circle, this session brings together the builders of new payment rails and the institutions putting them to work.
Attendees will walk away with:
A clear view of which stablecoin use cases have cleared proof of concept and are now operating at scale in APAC
Understanding of what the MAS Payment Services Act and Hong Kong's fiat stablecoin licensing regime mean for brokers and payment providers in practice
Insight into the infrastructure gaps firms most commonly underestimate before going live
Perspective on where the next wave of adoption is heading and what existing systems need to accommodate
