Simon Mugo
LeapRate Analyst

Simon has over six years of professional trading experience across FX, commodities and equities. He has a strong passion for financial markets and is particularly focused on price action trading.
January 02, 2024 BY Simon Mugo

BYD Beats Tesla’s Production Figures for the Second Year Running

While Tesla reported producing 1.35 million cars in the first three quarters of 2023, BYD's production included battery-powered and hybrid models, predominantly in a lower price range than Tesla's solely battery-powered vehicles. Despite a slight miss in annual sales against expectations, BYD's figures reflect a significant presence in the electric vehicle market, with a diverse…

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January 02, 2024 BY Simon Mugo

US Fintech Firms Offer Fixed-Income Products to Retail Traders

Despite uncertainty about whether bonds will ignite the same excitement as stocks, these fintechs leverage high Federal Reserve interest rates to attract retail interest. They are introducing features akin to stock trading, including low-cost options, educational tools, user-friendly apps, and fractionalised investments. Public, for instance, has begun allowing customers to invest in smaller portions of…

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Bitget logo
December 22, 2023 BY Simon Mugo

Bitget Unveils Plan To Serve the Bitcoin Ecosystem Better

The strategic plan of Bitget Wallet is expansive, covering a wide array of services specifically tailored to the Bitcoin ecosystem. Platform users can look forward to robust BTC asset management, seamless cross-chain swaps, support for both EOA and MPC wallets, compatibility with Taproot, and efficient asset transfers for BRC-20 tokens and NFTs. Additionally, Bitget Wallet…

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CFI Financial Group
December 22, 2023 BY Simon Mugo

CFI Launches AI Trading Assistant To Ease Trading for Its Clients

With these advancements, CFI aims to transform the landscape of online trading by introducing new, innovative tools and approaches. These developments address traders' most pressing challenges, including managing risk, controlling emotional decision-making, simplifying access to critical trading information, and enhancing automation in trading activities. The AI Assistant is envisaged as a vital ally to traders,…

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LSEG, London Stock Exchange
December 21, 2023 BY Simon Mugo

LSEG Partners With FlexTrade for an Improved Trading Platform

This alliance is set to strengthen regulated FX flows and improve the functionalities of FlexFX within FlexTrade's buy-side multi-asset trading platform. FXall, a part of LSEG, offers trading and FX workflow solutions, allowing access to liquidity from over 200 bank and non-bank market makers. Its global licensing and dedicated compliance teams position it as a…

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eToro booth
December 21, 2023 BY Simon Mugo

eToro Improves Customer Support With Einstein GPT and Copilot

Copilot, an AI-powered conversational assistant, helps eToro’s customer service agents quickly compose and translate emails, leading to faster response times and clearer communication. This tool enables agents to efficiently address complex customer queries, thus elevating the overall quality of service. Einstein GPT, another innovative AI tool from Salesforce, automates real-time chat responses. As the first…

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Admirals
December 20, 2023 BY Simon Mugo

Admirals Partners With Onfido for European Clients Verification

Integrating Onfido's advanced AI-driven identity verification technology is set to bolster security, reduce fraud, accelerate the onboarding process, and ensure adherence to diverse regulatory standards. With Onfido's sophisticated document and biometric verification solutions, Admirals will be able to authenticate user identities more effectively and identify fraudulent activities during the onboarding phase. This enhancement is expected…

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Revolut
December 20, 2023 BY Simon Mugo

Revolut Generates $2Bn in Revenues, Adds 40m Clients Globally

Despite a challenging year for fintech companies, Revolut has experienced substantial growth, driven by an influx of new customers. The startup attracts nearly 300,000 users weekly, expanding its global customer base to nearly 40 million. This impressive growth comes amidst stiff competition from traditional banks and other fintech startups. The latest financial developments offer reassurance…

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TerraUSD
December 19, 2023 BY Simon Mugo

TerraUSD's Founder Do Kwon’s Extradition Stopped on Judicial Error

As reported by Coindesk, based on court documents released on Tuesday, the judge handling the case did not provide Kwon an opportunity to express his views on the U.S. extradition request. This step is a compulsory procedure under the law. Kwon's legal team successfully appealed based on this error, resulting in the case being sent…

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NAGA Group team
December 19, 2023 BY Simon Mugo

Capex.com and NAGA Announce Merger Plans To Exploit Synergies

The fusion involves a reverse merger, where Capex.com merges into NAGA Group AG via a non-cash equity increase. Furthermore, Patrascu has committed to investing $9 million in NAGA through a convertible bond. This strategic step aims to form a robust fintech organisation, leveraging both entities' combined strengths and customer bases. NAGA and Capex.com, together, serve…

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