Weekly Roundup: Funded Trader closure, Coinbase adds Apple Pay

We kick off our tour with a close look at the prop trading industry, highlighting the latest challenges and setbacks that have surfaced.

The Funded Trader closure: A sign of changing times in prop trading

The Funded Trader, a once highly regarded proprietary trading firm, has suspended its operations and website, leaving the trading community in shock and uncertainty. In this article, we report on the unfolding situation, delving into the root causes that led to the firm’s abrupt pause. Read More

Exness becomes the official LATAM partner of Spain’s LALIGA

Exness has become an Official Regional Partner of Spain’s football top league, LaLiga, in Latin America. Read More

IG’s tastytrade opens 35,000 square feet office in Chicago

IG US Holdings, Inc. has announced that the team at tastytrade will be moving to its new 35,000 square feet headquarters in the Fulton Market district in downtown Chicago. Read More

Firstrade finally goes live with fractional shares

Firstrade has finally gone live with its Fractional Share Trading service. Initially planned for launch in January, this innovative offering allows investors to trade fractional shares of over 4,000 stocks and ETFs, starting with as little as $5 per stock or ETF. Read More

Bloomberg launches historical point-in-time data product

Bloomberg has announced the launch of a new data product: Company Financials, Estimates and Pricing Point-in-Time. Read More

Charles Schwab expands thinkorswim to include futures, forex

Charles Schwab has expanded its trading services with the addition of futures and forex trading to its thinkorswim platform suite. Read More

Axi extends sponsorship of Brazilian Esporte Clube Bahia

Forex and CFD broker Axi has just announced they’re extending their sponsorship with Brazilian Serie A team Esporte Clube Bahia into the 2024 season. Read More

Let’s now pivot to explore the cryptocurrency market more closely

Coinbase adds Apple Pay as payment option in the UK

Coinbase has announced that its UK users can now use Apple Pay for online and in-app purchases. Read More

PayPal stablecoin’s market share slumps to mere 0.18%

The PayPal USD (PYUSD), a stablecoin issued jointly by PayPal and Paxos, saw a massive decrease in circulation in March 2024, according to the latest transparency report from Paxos. Read More

Short sellers lose $1.92 billion as MicroStrategy stock rallies

Short sellers betting against MicroStrategy (MSTR.O) lost $1.92 billion since March as the stock rally was supported by the growing mainstream acceptance of bitcoin. Read More

SEC to sue Uniswap DEX amid DeFi regulatory crackdown

Decentralized finance (DeFi) exchange Uniswap has been formally notified by the Securities and Exchange Commission (SEC) of impending legal action, according to the protocol’s founder Hayden Adams. Read More

Voyager advances in creditor compensation with $484 million in settlements

Bankrupt cryptocurrency firm Voyager Digital has secured $484 million through various settlements, including agreements with FTX and Three Arrows Capital (3AC), as well as claims against Directors and Officers (D&O) insurance. Read More