Weekly Roundup: FX prop firms switch to cTrader, who moved $1.35B BTC?

abdelaziz Fathi

The foreign exchange and cryptocurrency markets are always active, and this past week was no exception. Stay ahead with a selection of essential stories and updates that matter most to market participants.

Our latest FX roundup dives deep into this dynamic market, offering expert analysis, insightful commentary, and an overview of the key trends.

Prop firm Instant Funding pauses US accounts, citing ThinkMarkets ban

Proprietary trading firm Instant Funding has become the latest retail platform to halt onboarding new US clients, citing a recent decision by their partner broker, ThinkMarkets. Read More

Why retail brokers are launching prime services

Retail FX and CFD brokers, traditionally catering to individual investors, are increasingly expanding into the B2B domain in a noticeable evolution in the brokerage industry, driven by several key factors, including technological advancements, regulatory changes, and market dynamics. Read More

True Forex Funds resumes operations after two-week halt

Proprietary trading firm True Forex Funds today celebrated that its business is finally “BACK in the game” after it switched its trading accounts to the cTrader platform. Read More

CLS FX trading volumes jump 9.2% YoY in January 2024 to $2.09 trillion

CLS has reported an increase in average daily traded volumes to USD 2.09 trillion in January 2024, marking a 9.2% rise from January 2023. Read More

iSAM Securities hires Aaron Brown for MENa expansion

iSAM Securities has announced the addition of Aaron Brown to its team, marking a significant step towards expanding its operations in the Middle East and North Africa (MENA) region. Read More

XS.com acquires South African broker Ubutyebi Financial Services

XS.com, the multi-regulated financial services provider, has made a strategic move to expand its presence in Africa by acquiring Ubutyebi Financial Services, a licensed Financial Service Provider (FSP) in South Africa. Read More

Revolut launches Robo-Advisor service in Europe

Revolut, a prominent global financial super-app with over 35 million customers, has unveiled its Robo-Advisor service in Europe, marking a significant advancement in automated investment solutions. Read More

Plus500 revenue down to $725 million, unveils $100M share buyback

Israeli-based, but London-stock market listed Plus500 Ltd (LON:PLUS) today reported its 2023 results, which came “significantly ahead” of analysts’ estimates. Read More

Also join us as we break down the week’s top stories in crypto that are relevant to your interests.

Bitcoin breaks all records with a massive $1.347 billion transaction

On February 23, 2024, at 16:05:43, the largest Bitcoin transaction in history was executed. The transaction involved the transfer of 26,139.38974287 BTC, valued at approximately $1.347 billion at the time of the transaction. Read More

Barry Silbert’s DCG objects “additional payouts” to Genesis creditors

Digital Currency Group (DCG) has raised objections against the settlement reached between the New York Attorney General and Genesis, a crypto lender within DCG’s portfolio of digital asset businesses that recently filed for bankruptcy. Read More

360T launches Crypto NDF offering

360T, the prominent trading platform and subsidiary of Deutsche Börse Group, has introduced its Crypto Non-deliverable Forward (NDF) offering. Read More

Do Kwon to be extradited to US as South Korea request overturned

Terraform Labs co-founder Do Kwon is set to be extradited to the United States to face fraud charges related to massive losses suffered by U.S. investors due to its algorithmic stablecoin collapse. Read More

Sam Bankman-Fried captured in first jail photo

Sam Bankman-Fried, the once-billionaire founder of FTX, has been spotted looking quite different with a new beard and a slimmer figure in a photo that’s been making rounds, reportedly taken inside New York’s Metropolitan Detention Centre. Read More

Celsius founder Mashinsky agrees to shared lawyers with Sam Bankman-Fried

Former Celsius CEO Alex Mashinsky has addressed potential conflicts of interest in his legal representation during a brief hearing in a New York courtroom. Read More

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Digital Assets

Crossover’s crypto ECN executed over $3 billion in Q1 2024

“Our growth is also driving continued increases in the percentages of trades that are ‘Order Crossing Order’ (OXO). Currently, roughly 10% of all trades executed on CROSSx are OXO, another differentiator in our platform’s capacity. This capacity and our unique execution model provide value to both the market maker and taker, as evidenced by our commercial model.”

blockdag

BlockDAG’s Explosive Presale Hits $20.3M In April Swaying Investors From XRP’s Price Trends Upward, & Polygon’s NFT Market

Learn about BlockDAG’s impressive $20.3M presale results, XRP’s price increase prospects, and the booming NFT market on Polygon among the top 10 cryptocurrencies.

Retail FX

Financial Commission warns of Eplanet Brokers

The Financial Commission, a self-regulatory compliance specialist for the financial services industry, is ramping up its scrutiny of unregulated brokerage firms. Today, the independent association warned against a company called Eplanet Brokers.

Retail FX

Dubai crypto exchange steps into prop trading

Dubai-based cryptocurrency trading platform, CoinW Exchange, marked its sixth anniversary by announcing a rebranding initiative and launching a proprietary trading product.

Fintech

Bitcoin payments app Strike launches in Europe

Bitcoin blockchain-based payments app Strike launched in Europe on Wednesday, allowing users in the region to buy, sell, and withdraw bitcoin (BTC).

Chainwire

Bandit Network’s Points SDK and Brave Ads Power Astar zkEVM’s Quest Platform “Yoki Origins”

“Yoki Origins,” supported by Bandit Network and Brave Ads, introduces a gamified and rewarding experience for Astar zkEVM users, marking a significant milestone in Web3 adoption.

Digital Assets

Crypto ETFs to debut in Hong Kong next week

Hong Kong has authorized six cryptocurrency-based spot ETFs set to launch on April 30, according to Bloomberg.

blockdag

BlockDAG Among The Best New Crypto To Invest In Post 8 Billion Coins Sales; More On Bitcoin Cash Futures’ Launch & Solana Positive Predictions

Explore Solana’s ATH predictions to see whether it can rise after a $17B dip? BlockDAG sells 8 billion coins in presale as Bitcoin Cash Futures launch.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary:USD, FED, German IFO ,Gold April 24 ,2024

Mixed US economic data and Fed rate hike uncertainty are causing volatility in the EUR/USD pair, while the Eurozone and gold prices add another layer of complexity.

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