As Bambu currently provides cloud-based robo advisors to traders, the acquisition will allow them to bring this service to a greater range of customers. Tradesocio already has its own clients in place, offering Bambu the opportunity to instantly get access to a much larger client base. The digital wealth market is one of the fastest-growing…
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This is why the company feels that comparing the 2021 performance to the 2019 performance gives a more accurate analysis. Plus500 managed to generate more than twice the revenue in H1 2021 for the same period in 2019. The trading update also mentions that the company managed to achieve this even in the face of…
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The main reason for this was the impact of Covid-19 across the world. Because a large proportion of the population were in some form of lockdown, it meant that traditional trading wasn’t as viable. As such, traders with a superior technological platform saw a sharp increase in their own FX trading volume. There were none…
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This is a significant drop from the highest trading volumes that were hit during March. The peak brought in a total volume of $170.5 billion with a daily average of $7.4 billion. Since then, there has been a fall every month, with April showing a total of $124.2 billion and a daily average of $5.6…
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The June 2021 growth, when compared to June 2020, was in line for both the total volume growth and ADV growth. Increasing from 234,193,000 to 264,230,000 total contracts, this translates as a 12.8% increase. The ADV has increased from 10,645,000 to 12,010,000. As the number of trading days are the same for both, the percentage…
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The acquisition by CoinShares is unlikely to cause any changes to how Global Blockchain Equity will operate. The only real impact on its operations is that the size of CoinShares will be able to increase the scope of Global Blockchain Equity. The deal is expected to allow significant growth and the company will be able…
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Barclays' decision is expected to cause other banks to decide on how they will handle Binance. Both Natwest and Santander have made comments related to crypto exchanges recently, with Natwest taking the decision to decrease the daily limit that customers could make to crypto exchanges. This news from Barclays, as well as the decision by…
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The Acting Director of Enforcement, Vincent McGonagle commented: As today’s enforcement action shows, the CFTC will vigorously investigate and seek to hold accountable those who make false promises and misappropriate customer funds. The CTFC is seeking a number of charges to be filed against all six defendants. This includes restitution paid to victims, the return…
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One tragic impact of Robinhood’s failures was the suicide of a 20-year-old trader. FINRA noted that the trader had turned margin off on his Robinhood account, so was shocked to find margins had been used. On top of this, the Robinhood app showed a negative balance on his account, which wasn’t accurate. Robinhood’s behaviour directly…
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