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 Market News
CySEC extends ban on Otkritie director amid Russian ties concerns
Cyprus Securities and Exchange Commission (CySEC) has extended the ban on Igor Gutinskiy, the director of Otkritie Broker Ltd, from managing the company for another six months. Read More
Carla Nemr lands at Tauro Markets as chief commercial officer
Retail FX broker Tauro Markets has appointed industry veteran Carla Nemr as its chief commercial officer (CCO) with immediate effect. Read More
LMAX acquires FX HedgePool to enter FX swaps and forwards markets
LMAX has announced the acquisition of institutional swaps matching service FX HedgePool as part of its efforts to build a global cross-asset marketplace. Read More
Freetrade to acquire Stake’s UK business
London-based online trading platform Freetrade has agreed to acquire the U.K. customer book of Stake, an Australian investing app, as part of its strategy to enhance its domestic operations. Read More
BlockFills elevates Demetrios Zamboglou to CEO UAE
BlockFills has promoted Demetrios Zamboglou to CEO UAE, where he will oversee operations in the United Arab Emirates. Read More
Saxo UK launches SaxoInvestor platform in the United Kingdom
Saxo Bank’s UK operation, Saxo UK, has announced the launch of SaxoInvestor, a new investing platform in the UK that provides access to more than 70,000 global instruments. Read More
Scope Prime secures Lochlan White as Chief Commercial Officer
Scope Prime, the institutional liquidity brand of Rostro Financial Group and sister company of Scope Markets, has announced the appointment of Lochlan White as Chief Commercial Officer. Read More
Telegram shared users IPs with authorities over six years
Telegram founder and CEO Pavel Durov confirmed on October 2 that the platform has been disclosing IP addresses and phone numbers of criminals to authorities since 2018. Read More
Cryptocurrency Markets
Ripple secures in-principle approval from Dubai’s DFSA
Ripple has secured in-principle approval from the Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre. Read More
Coinbase to delist Tether and other stablecoins by end of 2024
Coinbase is set to delist stablecoins that don’t comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA) by the end of 2024. Read More
SEC appeals Ripple ruling as Bitwise files for XRP ETF
The U.S. Securities and Exchange Commission (SEC) filed a notice of appeal on October 2 in its ongoing lawsuit against Ripple Labs as it seeks to overturn Judge Analisa Torres’ ruling. Read More
SWIFT to launch live trials of crypto transactions next year
Global bank messaging network SWIFT is planning conduct live trials for digital asset and currency transactions across its global network, which connects over 11,500 financial institutions worldwide. Read More
Robinhood enables crypto deposit and withdrawal in Europe
Robinhood is expanding its cryptocurrency services in Europe by enabling users to deposit and withdraw crypto using external platforms. Read More
Bitcoin “BFF” contract deemed a huge success by CME Group
CME Group’s Bitcoin Friday futures (BFF), which went live on Sunday, September 29 and its first trade was executed by Galaxy and Marex, has been deemed a huge success. Read More
Who will win: Kamala or Trump? IBKR launches trading of US election forecasts
Interactive Brokers has announced the launch of Forecast Contracts on upcoming US election results through the ForecastEx exchange. Read More
