The FX, Fintech, and cryptocurrency markets have been buzzing with action this past week, as usual. Stay in the loop and ahead of the game with a handpicked collection of top updates and stories.
FX Markets
Webull becomes the first U.S. retail broker to enter Thailand
Webull has announced the launch of its retail brokerage services in Thailand, authorized by the Thai Securities and Exchange Commission. Read More
GSR and Virtu become the first to use EDXM for Crypto OTC trade settlement
EDXM Global has introduced a settlement platform that streamlines OTC transaction settlements with speed and reliability. GSR and Virtu Financial were the first firms to use the new platform for trade settlement. Read More
oneZero taps Options’ normalized market access data model
Options Technology has expanded its partnership with oneZero to build upon the existing integration between oneZero and Options Activ’s consolidated data service. Read More
ASIC fines JP Morgan for allowing 36 suspicious futures orders on ASX 24
The broker’s failure to identify its client’s trading as suspicious was “careless”, according to ASIC’s Markets Disciplinary Panel. Read More
Trading 212 offers multi-currency cards to its clients
London-based online broker Trading 212 has teamed up with Paynetics, a regulated e-money services provider, to offer real-time payment and banking services to customers. Read More
Crypto Digest
Tether CEO denies Bitfinex data breach by FSociety
Bitfinex chief technology officer Paolo Ardoino has definitively refuted recent allegations of a data breach involving the cryptocurrency exchange, describing the claims as “fake.” Read More
Cred executives indicted on fraud charges following bankruptcy
Three former executives of the now-bankrupt crypto lender Cred were indicted for conspiracy to commit wire fraud, wire fraud, and conducting financial transactions for illicit purposes. Read More
Chainalysis joins Emirates NBD’s Digital Asset Lab
Chainalysis, the renowned blockchain data platform, has been announced as the new key council member of the Digital Asset Lab, a council founded in May 2023 and led by Emirates NBD, a leading banking group in the MENAT (Middle East, North Africa and Türkiye) region. Read More
SBI becomes chain validator of Chiliz’s sports Web3 ecosystem in Japan
Chiliz, the blockchain provider for sports and entertainment, has plans to establish a Joint Venture (JV) with SBI’s digital asset arm in Japan. Read More
Coinbase faces new lawsuit for selling Solana, Polygon and Uniswap
Coinbase and its CEO, Brian Armstrong, are facing a new class-action lawsuit filed in the United States District Court for the Northern District of California, San Francisco Division. Read More
Robinhood receives SEC enforcement notice over crypto trading
Robinhood Markets announced on Monday that it has received a “Wells notice” from the U.S. Securities and Exchange Commission (SEC), hinting at a potential enforcement action concerning its cryptocurrency trading activities. Read More
FTX creditors to receives 118 cents on dollar, call for crypto payouts
The recent draft recovery plan released by the bankrupt crypto exchange FTX has spurred a big jump in the value of claims, with estimates suggesting most creditors could see a recovery rate of 118%. Read More
Revolut launches retail crypto trading platform in UK
Fintech giant Revolut has expanded its cryptocurrency services by launching a new trading platform called Revolut X in the United Kingdom. Read More
Eclipse CEO Neel Somani steps down amid sexual assault allegations
Eclipse CEO and founder Neel Somani announced that he will temporarily step back from his role at the company in light of renewed sexual harassment allegations against him. Read More
Colombian president under fire for Daily COP’s crypto donations
Colombian President Gustavo Petro is embroiled in controversy following allegations that he accepted over $500,000 in cryptocurrency from a fraudulent crypto project to fund his 2022 presidential campaign. Read More
