As much of Europe and the US either grapple with or teeter on the brink of, lockdowns, here are the news stories that dominated the worlds of forex, fintech and crypto, in our best of the week segment.
DBS Bank Is Launching Crypto Exchange with Multi-Fiat Support
Singapore’s largest lender DBS is launching a digital currency exchange allowing both institutional and retail customers to trade cryptocurrencies against multiple fiats.
The bank updated its website showing the upcoming crypto exchange services but later, inexplicably, took the page down. However, the cached version of the now-deleted webpage is still available.
Dubbed DBS Digital Exchange, the crypto trading platform is planning to list four top cryptocurrencies: Bitcoin, Ether, Ripple, and Bitcoin Cash, against multiple fiats, including the Singapore dollar, US dollar, Hong Kong dollar, and Japanese yen.
Read more on the DBS Bank crypto launch here.
Pepperstone Launches Forex Trading Services in Kenya
Pepperstone, a forex and contracts for differences (CFDs) broker, has expanded its geographical reach by officially entering the Kenyan forex trading market.
The brokerage has been granted a non-dealing Foreign Exchange Broker License earlier by the Capital Markets Authority of Kenya for its locally formed subsidiary, Pepperstone Markets Kenya Ltd.
Read more on the Pepperstone in Kenya launch here.
Was This Week’s $1.15 Bitcoin Transaction a Sign of Selloff to Come?
Bitcoin’s ‘Fear and Greed’ index has been skewed toward ‘greed’ for several weeks now as BTC prices hold steady over $13,000. However, users may be preparing to sell their coins in the instance that prices exceed another $1,000 milestone or two; but is Bitcoin capable of surpassing $14k or $15k anytime soon?
In a Finance Magnates analysis with insight from Ben Samocha, Chief Executive of CryptoJungle, Jason Lau, Chief Operating Officer of OKCoin and Ian Balina, Founder and Chief Executive of Token Metrics, we looked at what is next for the granddaddy of digital currencies – Bitcoin (BTC).
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Read more on Bitcoin (BTC) here.
The ‘Fintechization’ of Everything: The 7 Hottest Fintech Trends in 2021
In a must-read analysis, Finance Magnates asked the experts what is on the menu for the fintech world. The insights given by the likes of Jackson Mueller, Director of Policy and Government Relations at Securrency, Gregory Keough, Founder of the DMM Foundation, Anti Danilevsky, Chief Executive and Founder of Kick Ecosystem and KickEX exchange and more, offer a valuable look at what we can expect in the coming year.
Read more on The 7 Hottest Fintech Trends in 2021 here.
FXCM Veteran Michael Kamerman Becomes Skilling CEO
It is not that often that an executive move is an editor’s pick, but after spending 15 years with FXCM, Michael has become one of the most familiar faces within the industry.
Read more on the Michael Kamermen, Skilling CEO appointment here.
FINANCE MAGNATES AWARDS 2020
For almost a decade, our awards are celebrating the achievements of leading brands that have excelled in their respective fields of business. This year the awards are going virtual! Don’t miss the chance to nominate your company and have the chance to win one of the most sought-after industry titles.
The online voting process is designed to provide the entire industry with a voice in deciding the winners each year, without the interference of judges or third parties. Winners will be announced at the Virtual Summit on 18 November 2020!
First Round of Voting Closes November 6th. Vote here.