Weekly Roundup: Ripple launches stablecoin, XTB hits 1 million clients

abdelaziz Fathi

Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.

Weekly Roundup: Ripple launches stablecoin, XTB hits 1 million clients

FX Market

Capital.com acquires UAE license to boost MENA region operations

Capital.com has expanded its presence in the Middle East and North Africa (MENA) by securing a Category 1 license from the United Arab Emirates’ Securities and Commodities Authority (SCA). Read More

Admirals pauses new client signups in EU amid regulatory challenges

FX brokerage firm Admirals has paused new client registrations in Europe, as per an announcement published on its website. Read More

Finery Markets welcomes LTP, the first APAC prime broker to join FM Liquidity Match

Finery Markets has welcomed LTP as the new Liquidity Provider on its FM Liquidity Match system, an electronic OTC (Over-The-Counter) trading infrastructure for institutional clients and crypto businesses. Read More

Cboe now has more than 1,000 ETFs listed across the globe

Cboe Global Markets has reached the milestone of 1,000 exchange-traded funds (ETFs) listed across its international network of exchanges. Read More

XTB celebrates 1,000,000 clients milestone as CFD broker turns into “universal investment app”

XTB has reached the “one million customers” milestone, the multi-asset broker announced today. Since the end of 2021, the customer base has doubled, mirroring the global movement towards more accessible investing. Read More

Forex4you rebrands to Markets4you: Has “Forex” become unfashionable?

Forex4you has announced the retail FX/CFD broker has rebranded to Markets4you, reflecting its evolution from a forex-centric provider to a global multi-asset trading platform, offering stocks, indices, and commodities alongside its traditional forex products. Read More

The rise of ETFs in Europe: Net positive influx of €141 billion in 2023

The Quantalys Harvest Group, in collaboration with BNP Paribas Asset Management (BNPP AM), has released a comprehensive survey on the European ETF (Exchange Traded Funds) market. Read More

N26 launches Stock and ETF trading

N26 has announced the introduction of a Stocks and ETFs trading product to the German market after having recently announced plans to increase the interest rate to 4% on Instant Savings for N26 Metal customers. Read More

Exness adds +70K accounts in March, client bases tops 836K

FX broker Exness has reported an increase in its trading volumes for March 2024, signaling a resurgence in market activity after a subdued February. Read More

Crypto Digest

CFTC Pham warns KuCoin lawsuit undermines investor protection laws

CFTC Commissioner Caroline D. Pham released a statement in response to the recent enforcement action against crypto exchange KuCoin. Read More

Deribit receives conditional VASP license from Dubai’s VARA

Deribit FZE, the Dubai-based arm of the leading crypto derivative options platform, Deribit Group, has secured a conditional Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Asset Regulatory Authority (VARA). Read More

Telegram to share ad revenue with users, TON price doubles

Telegram, the popular messaging app with around 800 million users, has introduced a new incentive program that enables owners of public channels on its platform to earn 50% of the advertisement revenue in Toncoin (TON). Read More

Bitget’s memecoin MOEW shoots up 14,000% with $31M marketcap

A meme coin launched by Bitget’s crypto wallet arm saw a dramatic surge, soaring over 14,000% to reach a market valuation of $31 million just hours after its release. Read More

Ripple complements XRP offering with dollar-pegged stablecoin

Ripple has announced its own foray into the $150 billion stablecoin market by launching a digital currency pegged to the U.S. dollar. Read More

‘Bitcoin Deserves an Emoji’ campaign fast approaching required 50,000 signatures

Nexo, along with over 35 prominent entities in the cryptocurrency sector including FinanceFeeds, initiated an effort to establish a Bitcoin emoji on digital keyboards worldwide. Read More

Citi, Goldman Sachs, and Citadel join BlackRock’s Bitcoin ETF as APs

BlackRock, the world’s largest asset manager, has expanded its roster of authorized participants for its iShares Bitcoin Trust ETF by adding four Wall Street giants. Read More

 

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