Paul Golden's Column
Billions in Stablecoins, Football Sponsorships and the Fight Over Prediction Markets
- Tether has announced a US-compliant stablecoin and appointed Bo Hines. Paul Golden examines what this means for the issuer’s dominance in the stablecoin market.
- He also examined the growing dominance of crypto firms in football sponsorships and the rise of prediction markets.
Wednesday, 01/10/2025 | 09:35 GMT by
Paul Golden
US Rewinds on Crypto, Europe Consolidates, and Kraken’s Prop Bet Drips with Irony
- The CFTC recently opened doors for global crypto platforms to accept US customers. Paul Golden weighs in on how it will impact the current retail and institutional crypto trading scene.
- He also dived into consolidating European stock exchanges and Kraken's entry into prop.
Thursday, 18/09/2025 | 09:36 GMT by
Paul Golden
Trusts Tested, Shareholders Push Back, and AI Tackles FX
- LTAFs offer an opportunity to individual investors to diversify their portfolios and access investments beyond the stock market. Paul Golden weighs in on their impact on trusts.
- He further dives into how shareholder opposition to executive pay rose sharply in 2025 and the role of language in training LLMs for FX trading.
Tuesday, 16/09/2025 | 14:07 GMT by
Paul Golden
Stablecoins, UK Policy Clashes, and Retail Crypto’s Rise: Could ETFs and CFDs Be Next?
- The vast majority of stablecoin transactions are now taking place outside the banking system. Paul Golden weighs in on how banks are aiming to bring these cryptocurrencies to the mainstream payments system.
- He also discusses the policy conundrum in the UK regarding the digital pound and the impact of the FCA's decision in favour of retail crypto ETNs.
Thursday, 04/09/2025 | 10:24 GMT by
Paul Golden
Plus500 Doubles Down on Loyalty, Props Await Rules and Dubai Lures Traders
- Plus500 generated 84 per cent of its revenue from clients who had traded with the firm for over 12 months, while 47% came from traders with more than five years’ experience. Paul Golden weighs in on how cost-effective it is to drive revenue from existing clients.
- He also dives into the struggles of self-regulating prop firms and Dubai's emergence in the retail trading scene.
Thursday, 28/08/2025 | 11:14 GMT by
Paul Golden
Prime Brokerage Booms, FX Fix Woes, and the Tech Black Box
- The concentration of prime brokerage business among Goldman Sachs, JP Morgan, and Morgan Stanley is now encouraging European banks to enter the space. It is also attracting regulators' attention. Paul Golden examines the trend.
- He also dives into the menace of the trade information leakage and technological opaqueness around execution.
Wednesday, 20/08/2025 | 13:29 GMT by
Paul Golden
Regional Banks Push Into Crypto, Coinbase Widens Its Net, and Cyclicals Outrun Defensives
- Regional banks are well placed to tap into crypto markets. But how ready are they to offer the volatile asset class to their customer base? Paul Golden dives in.
- He also looks into Coinbase's plans to diversify into mainstream financial markets and the performance of cyclical sectors amid Trump's tariffs.
Wednesday, 13/08/2025 | 09:38 GMT by
Paul Golden
Screens On, Sleep Off: LSE's 24/7 Plan, Bloomberg Terminal Still Reigns, 401(k)s Get Risky
- LSEG evaluates the implications of 24-hour trading. But does it bring value? Paul Golden explores the risks of a round-the-clock market.
- He also weighs in on the present dominance and future of Bloomberg Terminal, as well as the shift in America's retirement investments.
Friday, 25/07/2025 | 08:52 GMT by
Paul Golden
IG Wants to Save UK Capital Markets Amid Dire Listing Appetite
- London raised £74.7 million in Q1 from new listings, compared to the US's £8.9 billion. Paul Golden explores whether the city's capital markets can be saved.
- He further weighs in on the possibility of market consolidation with T+1 settlement and how retail investment is increasing in private markets.
Wednesday, 02/07/2025 | 12:28 GMT by
Paul Golden
Consumer Duty Fulfilled – If You Ask the FCA
- Paul Golden notes that while the FCA is quick to applaud itself with banks' praise for the Consumer Duty, many UK brokers cite the same rules as one of the reasons they’re exiting the market.
- He also delved into Europe's aim to move towards a T+1 settlement system and its ambition for a digital euro.
Wednesday, 18/06/2025 | 10:59 GMT by
Paul Golden
A Big Bank to Launch a Stablecoin: Is the Adoption Mainstream Now?
- Paul Golden weighs in on how Société Générale's decision to launch a stablecoin is pushing big banks to enter the digital asset sector.
- He further points out the payment dilemma for brokers and how Wall Street giants are trimming their money managers.
Wednesday, 11/06/2025 | 08:22 GMT by
Paul Golden
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