Weekly Roundup: 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
