Prop firm arbitrarily accounts, Interactive Brokers’ CFDs in Japan

FX, Fintech and cryptocurrency markets have been bustling with activity over the past week, as is often the case. Keep yourself informed and ahead of the curve with a curated selection of crucial stories and developments that are most relevant to those engaged in the markets.

FX Market

Exclusive interview with Tools for Brokers on its 14th anniversary

Celebrating its 14th anniversary, Tools for Brokers (TFB), hosted a private networking event in Cyprus, gathering industry professionals to discuss future trends and innovations. Read More

Interactive Brokers launches CFD products in Japan

Interactive Brokers has expanded its suite of investment options for Japanese clients with the addition of CFDs on US stocks. Read More

The Funded Trader is back? Traders report account closures

Prop trading firm The Funded Trader has updated its website with a few banners, nearly three weeks after it ceased all operations, with claims for a relaunch in the near future. Read More

HKEX to launch near 24h derivatives trading platform by 2028

Hong Kong Exchanges and Clearing Limited is going forward with the development of the Orion Derivatives Platform (ODP). Built in-house and with an expected launch in 2028, ODP will help differentiate HKEX’s derivatives offerings and elevate its competitiveness in the global derivatives marketplace. Read More

Plus500 sees modest growth in Q1 revenues, EBITDA margin decreases

Israeli-based, but London-stock market listed Plus500 Ltd (LON:PLUS) today reported a 4% increase in revenue for the first quarter of 2024, with figures rising from $207.9 million in Q1 2023 to $215.6 million. Read More

CySEC hits FXORO parent with €360,000 fine

The Cyprus Securities and Exchange Commission (CySEC) has fined MCA Intelifunds, trading as FXORO, a total of €360,000 for multiple violations of the Cypriot investment laws. Read More

True Forex Funds now offers Match-Trader and cTrader platforms

True Forex Funds said Match-Trader, which is introduced as a secondary trading platform, is now available in select countries including Germany, Austria, Sweden, and Hungary. Read More

Unusual Whales taps Tastytrade as exclusive options broker

Tastytrade has struck a partnership with Unusual Whales to become the exclusive brokerage firm of the popular “options platform and internet blowhole”, known for political trading. Read More

Crypto Market

Uniswap hits $2 trillion in trading volume ahead of SEC’s lawsuit

Decentralized finance (DeFi) exchange Uniswap crossed $2 trillion in total trading volume despite escalating competition from other networks and regulatory setback. Read More

Vitalik Buterin backs Railgun with $350K, RAIL price triples

Privacy cryptocurrency Railgun (RAIL) skyrocketed over 250% following a positive comment from Ethereum co-founder Vitalik Buterin. Read More

Binance announces blockchain courses at European universities

In partnership with leading European educational institutions, Binance Academy has launched university-accredited courses that delve into key topics and disciplines within the dynamic landscape of Web3. Read More

Exclusive: GoMining’s Mark Zalan wants to democratize opportunities of Bitcoin halving

As the Bitcoin community counts down to the upcoming Bitcoin halving, Mark Zalan, CEO of GoMining, shared exclusive insights into how the company is gearing up for this pivotal event in the cryptocurrency world. Read More

PayPal ends protection for certain crypto transactions

PayPal has announced changes to its terms of service that alter the protections provided for non-fungible token (NFT) transactions. Effective May 20, the payment giant will no longer cover NFT purchases under its buyer protection policy, and it will limit seller protections for NFT sales exceeding $10,000. Read More

Chinese investors likely barred from new Hong Kong bitcoin ETFs

Mainland Chinese investors are unlikely to gain approval to purchase the newly launched spot bitcoin ETFs listed in Hong Kong, according to Bloomberg Intelligence analysts. Read More

Binance ordered to remove Changpeng Zhao to get Dubai license

Binance, the world’s largest cryptocurrency exchange, has obtained a Virtual Asset Service Provider (VASP) license in Dubai. Read More

Kraken acquires TradeStation’s cryptocurrency business

Kraken, the second-largest U.S.-based cryptocurrency exchange, has acquired the cryptocurrency arm of online brokerage TradeStation. Read More