Bitcoin's latest price run is exciting. But, are the gains sustainable over the long-term?
FM
It has been a big week for Bitcoin.
At press time Bitcoin has held levels above $12,000 since Wednesday, and appeared to be on track to break through the $13,000 resistance.
BTC has not broken through $13,000 since June of 2019. Before that, the only other time that Bitcoin has crossed the $13,000 mark was during the crypto bubble that formed at the end of 2017.
However, both times that Bitcoin managed to reach past the $13,000 point, the gains were fairly short-lived. In June of 2019, the past over $13,000 only lasted one day; BTC was back under $12,000 in less than a month. In the bubble of 2017, BTC’s pass above $13,000 extended all the way to roughly $20,000 but lasted only six weeks.
Will this time be any different?
Bitcoin Has Been Gaining and Plateauing throughout the Year
For a number of analysts, the answer is yes.
In large part, this pass over $13,000 appears to have been the result of steady growth that has taken place over the course of the last seven months (or 10 months, if you exclude March’s 'Black Thursday' crash.)
Throughout most of this year, Bitcoin has oscillated between gaining and plateauing.
In January and February, BTC steadily rose from $7,000 to $10,300; of course, BTC crashed to roughly $4,000 in the second week of March, but by the end of April, BTC was almost completely recovered, continuing the along the upward trajectory that had begun to form earlier in the year.
After some light volatility in late May and early June, Bitcoin formed a plateau between $9,000 and $10,000 throughout most of June and July.
Then, Bitcoin swiftly swung upward: from July 24th to 28th, the value of BTC hit $11,000; the month of August saw the BTC price form a plateau between $10,000 and $11,000. The price dipped at the end of the month: September saw BTC sitting between $10,000 and $11,000.
This pump is organically spot driven.
There is almost no order book resistance.
Yes things can change quickly, it's crypto.
But this is a very healthy move.
Something we have never seen before at 12K plus #bitcoin.
The bull run that is currently bringing Bitcoin over $13,000 began on October 18th, when BTC was at $11,400; BTC has made consistent daily gains since then.
If the pattern that seems to have been formed by Bitcoin’s price movements throughout this year continues, this latest upward move could result in a plateau.
Are BTC's PayPal-Related Gains Short-Lived?
However, it is unclear whether or not the support to sustain a price level over $13,000 for more than a brief moment is there.
After all, while the latest bull run that has brought Bitcoin up from $11,400 to more than $13,000 started late last week, the continuation of the run appears to have been largely driven by an important piece of news.
This is huge news for Bitcoin and for the crypto space more generally. Arguably, crypto has never before been such a practical and accessible option for payments.
As important as PayPal’s announcements are for Bitcoin, BTC could be riding a little too high on the news. Bloomberg editor Dave Liedtka said that Bitcoin “appears to be a bit overheated.”
After all, Liedtka wrote, the recent rally boosted Bitcoin’s 14-day Relative Strength Index to 80, a level that is considered to be unstable and overbought.
Even so, Mike McGlone, a commodity strategist with Bloomberg Intelligence, wrote that “something unanticipated needs to occur to trip up advancing Bitcoin.”
However, if Bitcoin manages to sustain levels over $13,00, it may need another push to get past the next $1,000-milestone: “as we see it, the crypto may need a new catalyst to sustain above $14,000,” McGlone said.
Still, the push past $14,000 appears to be within reach: “absent a reversal in key metrics showing increasing demand and adoption, breaching resistance should be a matter of time.”
Sell-Offs That Took Place This Week Appear to Have Been Absorbed by Bullish Gains
The push past $13,000, and its continuing upward momentum, are especially impressive considering that a number of BTC holders seem to have rushed to sell their coins when BTC crossed the $13k mark.
Therefore, it is likely that a number of BTC holders have already sold their coins. However, BTC’s run is so strong that the asset appears to be more or less unphased.
Speaking to CoinDesk, Philip Gradwell, chief economist at Chainalysis, said that "the pickup in exchange inflows indicates some investors rushed to liquidate their holdings (take profit) in the rising market.
“However, there's reason to believe that any higher levels of sales were absorbed Wednesday, as bitcoin's trade intensity (a measure of how many times an inflowing coin is traded) jumped to a two-month high of 5.8. That's more than double the 90-day average.”
In other words, people may have been rushing to sell Bitcoin this week, but other people were rushing to buy it.
“Bitcoin Accumulation Has Been on a Constant Upwards Trend for Months.”
And indeed, before the influx of BTC deposits on exchanges this week, Data from crypto analytics firm Glassnode showed that in general, the amount of Bitcoin being kept on exchanges was at its lowest point in months.
At the same time, Glassnode reported that the number of Bitcoins stored in so-called ‘accumulation addresses’, which are digital wallets that BTC has been moved into and never out of, has been increasing.
“Bitcoin accumulation has been on a constant upwards trend for months. 2.6M $BTC (14% of supply) are currently held in accumulation addresses. Accumulation addresses are defined as addresses that have at least 2 incoming [transactions] and have never spent BTC,” the firm said.
Additionally, Bitcoin’s Fear and Greed Index, which tracks whether buyers are more likely to sell (fear) or buy and hold (greed), has made a sharp move toward Greed. On Monday, the scale sat at 56, slightly tipped in a greedy direction; at press time, the scale had moved to 73, quite greedy indeed.
What could this mean? While there may have been some selloffs earlier this week, the overall landscape of reduced BTC on exchanges, increased BTC in accumulation in addresses, and greedy market sentiment means that Bitcoin’s pass over $13,000 may be safe for now.
Paul Tudor Jones: Investing in Bitcoin Is “like Investing with Steve Jobs and Apple or Investing in Google Early.”
In addition to the PayPal announcement, Bitcoin’s gains over the past month may have been boosted by some high-volume investments by several institutional players, as well as some high-profile endorsements.
Yesterday, billionaire and renowned Wall Street investor, Paul Tudor Jones said on CNBC’s Squawk Box that he likes Bitcoin “even more than I did then,” referencing his Bitcoin investment in May of 2020.
While Jones said that his own investment in BTC remains in the single digits, investing in Bitcoin is “like investing with Steve Jobs and Apple or investing in Google early.”
“Bitcoin has this enormous contingence of really, really smart and sophisticated people who believe in it,” he said.
Legendary investor Paul Tudor Jones compares investing in #Bitcoin to investing with Steve Jobs and Apple. Smartest people in the room continue to buy bitcoin and extol its virtues. I have yet to hear one intelligent argument not to own BTC. Still waiting. https://t.co/uie0jjoUbG
Over the last month, Bitcoin seems to have been getting more attention from the institutional investing world more generally. Last week, investment firm Stone Ridge announced a $115 million investment into Bitcoin; earlier this month, Square announced a $50 million BTC investment. Business intelligence firm Microstrategy announced a $425 million Bitcoin investment at the end of September.
What are your thoughts on Bitcoin’s movements this week? Let us know in the comments below.
It has been a big week for Bitcoin.
At press time Bitcoin has held levels above $12,000 since Wednesday, and appeared to be on track to break through the $13,000 resistance.
BTC has not broken through $13,000 since June of 2019. Before that, the only other time that Bitcoin has crossed the $13,000 mark was during the crypto bubble that formed at the end of 2017.
However, both times that Bitcoin managed to reach past the $13,000 point, the gains were fairly short-lived. In June of 2019, the past over $13,000 only lasted one day; BTC was back under $12,000 in less than a month. In the bubble of 2017, BTC’s pass above $13,000 extended all the way to roughly $20,000 but lasted only six weeks.
Will this time be any different?
Bitcoin Has Been Gaining and Plateauing throughout the Year
For a number of analysts, the answer is yes.
In large part, this pass over $13,000 appears to have been the result of steady growth that has taken place over the course of the last seven months (or 10 months, if you exclude March’s 'Black Thursday' crash.)
Throughout most of this year, Bitcoin has oscillated between gaining and plateauing.
In January and February, BTC steadily rose from $7,000 to $10,300; of course, BTC crashed to roughly $4,000 in the second week of March, but by the end of April, BTC was almost completely recovered, continuing the along the upward trajectory that had begun to form earlier in the year.
After some light volatility in late May and early June, Bitcoin formed a plateau between $9,000 and $10,000 throughout most of June and July.
Then, Bitcoin swiftly swung upward: from July 24th to 28th, the value of BTC hit $11,000; the month of August saw the BTC price form a plateau between $10,000 and $11,000. The price dipped at the end of the month: September saw BTC sitting between $10,000 and $11,000.
This pump is organically spot driven.
There is almost no order book resistance.
Yes things can change quickly, it's crypto.
But this is a very healthy move.
Something we have never seen before at 12K plus #bitcoin.
The bull run that is currently bringing Bitcoin over $13,000 began on October 18th, when BTC was at $11,400; BTC has made consistent daily gains since then.
If the pattern that seems to have been formed by Bitcoin’s price movements throughout this year continues, this latest upward move could result in a plateau.
Are BTC's PayPal-Related Gains Short-Lived?
However, it is unclear whether or not the support to sustain a price level over $13,000 for more than a brief moment is there.
After all, while the latest bull run that has brought Bitcoin up from $11,400 to more than $13,000 started late last week, the continuation of the run appears to have been largely driven by an important piece of news.
This is huge news for Bitcoin and for the crypto space more generally. Arguably, crypto has never before been such a practical and accessible option for payments.
As important as PayPal’s announcements are for Bitcoin, BTC could be riding a little too high on the news. Bloomberg editor Dave Liedtka said that Bitcoin “appears to be a bit overheated.”
After all, Liedtka wrote, the recent rally boosted Bitcoin’s 14-day Relative Strength Index to 80, a level that is considered to be unstable and overbought.
Even so, Mike McGlone, a commodity strategist with Bloomberg Intelligence, wrote that “something unanticipated needs to occur to trip up advancing Bitcoin.”
However, if Bitcoin manages to sustain levels over $13,00, it may need another push to get past the next $1,000-milestone: “as we see it, the crypto may need a new catalyst to sustain above $14,000,” McGlone said.
Still, the push past $14,000 appears to be within reach: “absent a reversal in key metrics showing increasing demand and adoption, breaching resistance should be a matter of time.”
Sell-Offs That Took Place This Week Appear to Have Been Absorbed by Bullish Gains
The push past $13,000, and its continuing upward momentum, are especially impressive considering that a number of BTC holders seem to have rushed to sell their coins when BTC crossed the $13k mark.
Therefore, it is likely that a number of BTC holders have already sold their coins. However, BTC’s run is so strong that the asset appears to be more or less unphased.
Speaking to CoinDesk, Philip Gradwell, chief economist at Chainalysis, said that "the pickup in exchange inflows indicates some investors rushed to liquidate their holdings (take profit) in the rising market.
“However, there's reason to believe that any higher levels of sales were absorbed Wednesday, as bitcoin's trade intensity (a measure of how many times an inflowing coin is traded) jumped to a two-month high of 5.8. That's more than double the 90-day average.”
In other words, people may have been rushing to sell Bitcoin this week, but other people were rushing to buy it.
“Bitcoin Accumulation Has Been on a Constant Upwards Trend for Months.”
And indeed, before the influx of BTC deposits on exchanges this week, Data from crypto analytics firm Glassnode showed that in general, the amount of Bitcoin being kept on exchanges was at its lowest point in months.
At the same time, Glassnode reported that the number of Bitcoins stored in so-called ‘accumulation addresses’, which are digital wallets that BTC has been moved into and never out of, has been increasing.
“Bitcoin accumulation has been on a constant upwards trend for months. 2.6M $BTC (14% of supply) are currently held in accumulation addresses. Accumulation addresses are defined as addresses that have at least 2 incoming [transactions] and have never spent BTC,” the firm said.
Additionally, Bitcoin’s Fear and Greed Index, which tracks whether buyers are more likely to sell (fear) or buy and hold (greed), has made a sharp move toward Greed. On Monday, the scale sat at 56, slightly tipped in a greedy direction; at press time, the scale had moved to 73, quite greedy indeed.
What could this mean? While there may have been some selloffs earlier this week, the overall landscape of reduced BTC on exchanges, increased BTC in accumulation in addresses, and greedy market sentiment means that Bitcoin’s pass over $13,000 may be safe for now.
Paul Tudor Jones: Investing in Bitcoin Is “like Investing with Steve Jobs and Apple or Investing in Google Early.”
In addition to the PayPal announcement, Bitcoin’s gains over the past month may have been boosted by some high-volume investments by several institutional players, as well as some high-profile endorsements.
Yesterday, billionaire and renowned Wall Street investor, Paul Tudor Jones said on CNBC’s Squawk Box that he likes Bitcoin “even more than I did then,” referencing his Bitcoin investment in May of 2020.
While Jones said that his own investment in BTC remains in the single digits, investing in Bitcoin is “like investing with Steve Jobs and Apple or investing in Google early.”
“Bitcoin has this enormous contingence of really, really smart and sophisticated people who believe in it,” he said.
Legendary investor Paul Tudor Jones compares investing in #Bitcoin to investing with Steve Jobs and Apple. Smartest people in the room continue to buy bitcoin and extol its virtues. I have yet to hear one intelligent argument not to own BTC. Still waiting. https://t.co/uie0jjoUbG
Over the last month, Bitcoin seems to have been getting more attention from the institutional investing world more generally. Last week, investment firm Stone Ridge announced a $115 million investment into Bitcoin; earlier this month, Square announced a $50 million BTC investment. Business intelligence firm Microstrategy announced a $425 million Bitcoin investment at the end of September.
What are your thoughts on Bitcoin’s movements this week? Let us know in the comments below.
Rachel is a self-taught crypto geek and a passionate writer. She believes in the power that the written word has to educate, connect and empower individuals to make positive and powerful financial choices. She is the Podcast Host and a Cryptocurrency Editor at Finance Magnates.
Schwab Aims Crypto Custody at Its $5 Trillion Advisor Channel by 2027
Featured Videos
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
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
Overfunded or Underregulated? The APAC Prop Trading Story
Overfunded or Underregulated? The APAC Prop Trading Story
Overfunded or Underregulated? The APAC Prop Trading Story
Overfunded or Underregulated? The APAC Prop Trading Story
Overfunded or Underregulated? The APAC Prop Trading Story
Overfunded or Underregulated? The APAC Prop Trading Story
APAC now accounts for nearly half of global prop firm sign-up growth, with emerging markets pulling away from established hubs. The pass rates, however, tell a different story.
This session brings together prop firms, regional brokers, and specialists to examine where the APAC growth story holds and where it doesn't.
Attendees will walk away with:
A clear view of which APAC markets are generating real funded trader volume versus registration noise, and why that gap matters more than the headline figures
Understanding of how mobile-first acquisition funnels and grey-market legacies complicate KYC, payout infrastructure, and regulatory standing across jurisdictions
Insight into how India, Vietnam, and Singapore are each handling the shift from offshore leverage workarounds to licensed operations
Perspective on whether the low-barrier, high-volume prop model can survive regional professionalization without hollowing out its core audience
APAC now accounts for nearly half of global prop firm sign-up growth, with emerging markets pulling away from established hubs. The pass rates, however, tell a different story.
This session brings together prop firms, regional brokers, and specialists to examine where the APAC growth story holds and where it doesn't.
Attendees will walk away with:
A clear view of which APAC markets are generating real funded trader volume versus registration noise, and why that gap matters more than the headline figures
Understanding of how mobile-first acquisition funnels and grey-market legacies complicate KYC, payout infrastructure, and regulatory standing across jurisdictions
Insight into how India, Vietnam, and Singapore are each handling the shift from offshore leverage workarounds to licensed operations
Perspective on whether the low-barrier, high-volume prop model can survive regional professionalization without hollowing out its core audience
APAC now accounts for nearly half of global prop firm sign-up growth, with emerging markets pulling away from established hubs. The pass rates, however, tell a different story.
This session brings together prop firms, regional brokers, and specialists to examine where the APAC growth story holds and where it doesn't.
Attendees will walk away with:
A clear view of which APAC markets are generating real funded trader volume versus registration noise, and why that gap matters more than the headline figures
Understanding of how mobile-first acquisition funnels and grey-market legacies complicate KYC, payout infrastructure, and regulatory standing across jurisdictions
Insight into how India, Vietnam, and Singapore are each handling the shift from offshore leverage workarounds to licensed operations
Perspective on whether the low-barrier, high-volume prop model can survive regional professionalization without hollowing out its core audience
APAC now accounts for nearly half of global prop firm sign-up growth, with emerging markets pulling away from established hubs. The pass rates, however, tell a different story.
This session brings together prop firms, regional brokers, and specialists to examine where the APAC growth story holds and where it doesn't.
Attendees will walk away with:
A clear view of which APAC markets are generating real funded trader volume versus registration noise, and why that gap matters more than the headline figures
Understanding of how mobile-first acquisition funnels and grey-market legacies complicate KYC, payout infrastructure, and regulatory standing across jurisdictions
Insight into how India, Vietnam, and Singapore are each handling the shift from offshore leverage workarounds to licensed operations
Perspective on whether the low-barrier, high-volume prop model can survive regional professionalization without hollowing out its core audience
APAC now accounts for nearly half of global prop firm sign-up growth, with emerging markets pulling away from established hubs. The pass rates, however, tell a different story.
This session brings together prop firms, regional brokers, and specialists to examine where the APAC growth story holds and where it doesn't.
Attendees will walk away with:
A clear view of which APAC markets are generating real funded trader volume versus registration noise, and why that gap matters more than the headline figures
Understanding of how mobile-first acquisition funnels and grey-market legacies complicate KYC, payout infrastructure, and regulatory standing across jurisdictions
Insight into how India, Vietnam, and Singapore are each handling the shift from offshore leverage workarounds to licensed operations
Perspective on whether the low-barrier, high-volume prop model can survive regional professionalization without hollowing out its core audience
APAC now accounts for nearly half of global prop firm sign-up growth, with emerging markets pulling away from established hubs. The pass rates, however, tell a different story.
This session brings together prop firms, regional brokers, and specialists to examine where the APAC growth story holds and where it doesn't.
Attendees will walk away with:
A clear view of which APAC markets are generating real funded trader volume versus registration noise, and why that gap matters more than the headline figures
Understanding of how mobile-first acquisition funnels and grey-market legacies complicate KYC, payout infrastructure, and regulatory standing across jurisdictions
Insight into how India, Vietnam, and Singapore are each handling the shift from offshore leverage workarounds to licensed operations
Perspective on whether the low-barrier, high-volume prop model can survive regional professionalization without hollowing out its core audience