Bitcoin Picks: BitYes Rolls-out Margin Trading & Another Bitcoin Exchange Plans to go Public
Saturday,21/03/2015|16:32GMTby
Adil Siddiqui
The world of virtual currencies welcomed news of a Canadian exchange that plans to go public, coupled with a new venue for leveraged instruments. Some of the key stories from this week’s Bitcoin Picks.
Developments continue in the growing virtual currency space. This week saw a flurry of positive news for participants that support the sector, among the stories published on DCMagnates.com we saw a Canadian exchange announce its plan to go public and a US venue that launched a margin Bitcoin trading exchange. In addition, a new SEC filing showed that Overstock.com invested in a regulated broker to develop cryptocurrency trading solutions. Continue reading this week's Bitcoin Picks for all the top stories.
New Margin Trading Venue as BitYes Launches Exchange
US Venue Huobi’s USD-based exchange, BitYes, has launched margin trading and p2p lending. Leverage will be 3:1, at an interest rate as low as 0.01% per day. In the p2p lending feature, users will offer loans at their desired interest rates, which can be used by traders in the margin offering. The setup is similar to the margin/interest earning scheme of BitVC and its related Yubibao product.
Canadian Bitcoin Exchange Newnote Financial Vows to Go Public
Another Canadian Bitcoin exchange will be going public after Newnote Financial Corp acquired Cointrader.net for CAD $1.5 million ($1.18 million) in cash and stock.
Newnote Financial, formerly Winrock Resources, engages in a variety of cryptocurrency related ventures. It is publicly traded on the Canadian Securities Exchange (CSE), a rough equivalent of the US OTC markets, where it has also traded. It is also listed on the Frankfurt Stock Exchange. It currently trades at CAD $0.19 per share for a total valuation of CAD $5.77 million.
Tera Exchange’s Proposed Collaboration with MGT Capital Crosses Merger Deadline
In a groundbreaking proposal that would secure the first regulated trading exchange for digital currencies the venue in question faces hurdles. The reverse merger agreement that would have taken Tera Exchange public has hit a roadblock.
Tera’s Bitcoin derivative platform was approved by the US Commodity Futures Trading Commission (CFTC) last year, though the derivative products themselves have yet to be approved. Its transformation into a publicly traded company may help further instill investor and user confidence in the platform, which would be subject to greater regulatory oversight and reporting requirements.
MGT Capital is a holding company whose subsidiaries engage in online and mobile gaming. It is traded on NYSE MKT, formerly the American Stock Exchange, worth $0.43 per share and having a total market cap of $6 million.
Regulation Is Key as Overstock Aims to Create New Virtual Currency Products With Stake in Broker
Overstock.com says it has acquired a 24.9% stake in an unnamed “registered broker-dealer” as part of efforts to “develop and license software to trade crypto-securities using the Bitcoin network and its protocols.” The company paid $250,000.
The revelation was made in Overstock’s 10-k annual report filing with the Securities and Exchange Commission (SEC) on March 12.
A passionate supporter of Bitcoin and vocal critic of Wall Street, Overstock’s Patrick Byrne announced intentions to create a registered marketplace for “crypto-securities” last year. Dubbed the “Medici” project, the aim is to “democratize Wall Street” and remove the middleman in securities trading, much like Bitcoin is envisioned for the movement of money.
Developments continue in the growing virtual currency space. This week saw a flurry of positive news for participants that support the sector, among the stories published on DCMagnates.com we saw a Canadian exchange announce its plan to go public and a US venue that launched a margin Bitcoin trading exchange. In addition, a new SEC filing showed that Overstock.com invested in a regulated broker to develop cryptocurrency trading solutions. Continue reading this week's Bitcoin Picks for all the top stories.
New Margin Trading Venue as BitYes Launches Exchange
US Venue Huobi’s USD-based exchange, BitYes, has launched margin trading and p2p lending. Leverage will be 3:1, at an interest rate as low as 0.01% per day. In the p2p lending feature, users will offer loans at their desired interest rates, which can be used by traders in the margin offering. The setup is similar to the margin/interest earning scheme of BitVC and its related Yubibao product.
Canadian Bitcoin Exchange Newnote Financial Vows to Go Public
Another Canadian Bitcoin exchange will be going public after Newnote Financial Corp acquired Cointrader.net for CAD $1.5 million ($1.18 million) in cash and stock.
Newnote Financial, formerly Winrock Resources, engages in a variety of cryptocurrency related ventures. It is publicly traded on the Canadian Securities Exchange (CSE), a rough equivalent of the US OTC markets, where it has also traded. It is also listed on the Frankfurt Stock Exchange. It currently trades at CAD $0.19 per share for a total valuation of CAD $5.77 million.
Tera Exchange’s Proposed Collaboration with MGT Capital Crosses Merger Deadline
In a groundbreaking proposal that would secure the first regulated trading exchange for digital currencies the venue in question faces hurdles. The reverse merger agreement that would have taken Tera Exchange public has hit a roadblock.
Tera’s Bitcoin derivative platform was approved by the US Commodity Futures Trading Commission (CFTC) last year, though the derivative products themselves have yet to be approved. Its transformation into a publicly traded company may help further instill investor and user confidence in the platform, which would be subject to greater regulatory oversight and reporting requirements.
MGT Capital is a holding company whose subsidiaries engage in online and mobile gaming. It is traded on NYSE MKT, formerly the American Stock Exchange, worth $0.43 per share and having a total market cap of $6 million.
Regulation Is Key as Overstock Aims to Create New Virtual Currency Products With Stake in Broker
Overstock.com says it has acquired a 24.9% stake in an unnamed “registered broker-dealer” as part of efforts to “develop and license software to trade crypto-securities using the Bitcoin network and its protocols.” The company paid $250,000.
The revelation was made in Overstock’s 10-k annual report filing with the Securities and Exchange Commission (SEC) on March 12.
A passionate supporter of Bitcoin and vocal critic of Wall Street, Overstock’s Patrick Byrne announced intentions to create a registered marketplace for “crypto-securities” last year. Dubbed the “Medici” project, the aim is to “democratize Wall Street” and remove the middleman in securities trading, much like Bitcoin is envisioned for the movement of money.
From “Unrealistically Good” To “Cesspool Of Gamesmanship”: How 40 Minutes Changed Minds On Prop Trading
Marketing in 2026 Audiences, Costs, and Smarter AI
Marketing in 2026 Audiences, Costs, and Smarter AI
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Educators, IBs, And Other Regional Growth Drivers
Educators, IBs, And Other Regional Growth Drivers
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
The Leap to Everything App: Are Brokers There Yet?
The Leap to Everything App: Are Brokers There Yet?
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the arms race to bundle investing, personal finance, and wallets under super apps grows fiercer, brokers are caught between a rock and a hard place.
This session explores unexpected ways for industry players to collaborate as consumer habits evolve, competitors eye the traffic, and regulation becomes more nuanced.
Speakers:
-Laura McCracken,CEO | Advisory Board Member at Blackheath Advisors | The Payments Association
-Slobodan Manojlović,Vice President | Lead Software Engineer at JP Morgan Chase & Co.
-Jordan Sinclair, President at Robinhood UK
-Simon Pelletier, Head of Product at Yuh
Gerald Perez, CEO at Interactive Brokers UK
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
Mind The Gap: Can Retail Investors Save the UK Stock Market?
Mind The Gap: Can Retail Investors Save the UK Stock Market?
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
As the dire state of listing and investment in the UK goes from a financial services problem to a national challenge, the retail investing industry is taken to task.
Join a host of executives and experts for a candid conversation about the future of millions of Brits, as seen from a financial services standpoint:
-Are they happy with the Leeds Reform, in principle and in practice?
-Is it the government’s job to affect the ‘saver’ mentality? Is it doing well?
-What can brokers and fintechs do to spur UK investment?
-How can the FCA balance greater flexibility with consumer protection?
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Nicola Higgs, Partner at Latham & Watkins
-Dan Lane, Investment Content Lead at Robinhood UK
-Jack Crone, PR & Public Affairs Lead at IG
-David Belle, Founder at Fink Money
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #RetailInvesting #UKFinance
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official
