This expansion strategy is set against a backdrop where some financial institutions are scaling back their physical locations. According to S&P Global Market Intelligence data, the total number of U.S. bank branches stood at 77,690, following 123 closures and 80 openings in October alone. At the end of 2023, JPMorgan boasted the largest branch network,…
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The decision follows a surge in retail trading fueled by the COVID-19 pandemic, which led various mobile banking platforms, including the UK's Revolut, to incorporate stock and cryptocurrency trading features. N26 had previously launched crypto trading for some of its users towards the end of 2022. The move comes after the German financial watchdog BaFin…
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This membership with the FIA, established in 1955, is a strategic step for Plus500. The FIA advocates for the futures, options, and derivatives markets and includes various members such as futures commission merchants, principal traders, clearing firms, exchanges, and trading firms. Plus500's membership aligns them with other significant market players in these fields. David Zruia,…
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Schwab said that he expects further market penetration in the space of trade surveillance as Eventus’s platform proved itself during the last year among the largest cryptocurrency exchanges. He said that he expects the trade surveillance platform to attract not only more exchanges but also various other market participants active in digital assets. Following the…
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Huobi Group announced that it's expanding into brokerage services that target institutional investors in the cryptocurrency sector. The platform called Huobi Brokerage was unveiled during WEF 2020 in Davos. The new business line will become part of the Group's Global Institutional Business (GIB) that Huobi launched last November to monitor its institution-related businesses. The institution…
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PayU is a fintech company that offers payment technology and services to online merchants. Founded in 2002 and headquartered in the Netherlands, PayU is now in the process of acquiring a majority stake in PaySense, which is an Indian digital credit platform. The estimated equity valuation is around $185 million. According to the Economic Times,…
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One of the largest financial service providers in the world, Fidelity Investments, has announced the extension of its new digital assets division to Europe based on “significant interest” expressed for the product by its institutional clients. Despite Brexit uncertainty, the $7 trillion assets under management behemoth also announced that it intends to set up shop…
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Ripple is not wasting its time when it comes to global expansion. The company has just opened a new office in Brazil - a strategic move that will help Ripple support their ever growing client base South America. The new office will enable all regional customers be closer to the San-Francisco-based startup. Ripple has already…
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The Liquid cryptocurrency exchange will list the Winklevoss-backed Gemini Dollar or GUSD. In September 2018, the Winklevoss brothers introduced the Gemini Dollar (GUSD), a stablecoin pegged to the US dollar and regulated by the US government. US dollars can be converted to GUSD through the twins' platform Gemini exchange, and from there transferred to an…
Read moreIronFX's comprehensive global expansion program has resulted in the opening of many offices worldwide, with South Africa being the latest.
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