Coinbase is asking a U.S. court to rule on its request for documents from the Securities and Exchange Commission (SEC) concerning how securities laws apply to cryptocurrencies, particularly regarding ether. The legal move comes as America’s largest crypto platform continues to seek transparency on the SEC’s stance on whether ether and other digital assets should be classified as securities. Coinbase filed a motion with the U.S. District Court for the District of Columbia, requesting a partial summary judgment in a case that stems from its June lawsuit against the SEC and the Federal Deposit Insurance Corporation (FDIC). The lawsuit was filed in response to the agencies’ refusal to comply with a Freedom of Information Act (FOIA) request. It seeks access to internal and external communications related to the SEC’s investigations into whether certain cryptocurrencies, including ether, are securities. The classification of ether as a security or not has become a critical issue for the cryptocurrency industry. Blockchain firm Consensys previously raised the same question in a lawsuit against the SEC, following the commission’s investigation into Ethereum 2.0 in March 2023. Although the SEC eventually closed that investigation, the broader debate remains unresolved. Coinbase’s lawsuit seeks documents about two now-closed SEC investigations involving Enigma MPC, a data encryption startup, and Zachary Coburn, the creator of Ether Delta, a platform the SEC deemed an unregistered exchange. Both settled their cases with the SEC in prior years. The SEC has pushed back on Coinbase’s FOIA request, initially claiming exemptions from the law but recently suggesting otherwise. According to Coinbase’s Chief Legal Officer Paul Grewal, the SEC has now said it could take three years to produce the requested documents, further frustrating the exchange’s efforts to clarify regulatory guidelines. In the complaint, History Associates Inc., a consulting firm working with Coinbase, criticized the SEC’s delays, stating: “Instead of promptly producing responsive documents, the SEC now insists it must start over and re-review the documents… and will not even begin that repeat review for three years.” The case now hinges on whether the court will allow Coinbase to file a motion for partial summary judgment, which could push the SEC to release the documents sooner. Grewal noted that he does not expect a ruling on this matter before the end of the year. Coinbase also sent FOIA requests to the FDIC, seeking information about the agency’s “pause letters” issued to financial institutions regarding crypto-related activities. These letters are part of what Coinbase has referred to as “Operation Choke Point 2.0”, but have raised concerns about regulatory pressure on financial institutions involved in cryptocurrency.

Paxos, the blockchain firm behind Pax Dollar (USDP), is expanding stablecoin adoption in the payments industry with the launch of its new enterprise-grade stablecoin payments platform. The platform targets payment service providers (PSPs) and fintech companies, offering them the ability to integrate stablecoin payments into their systems for faster and lower-cost global transactions. Paxos announced that payment processing giant Stripe will be the first PSP to integrate Paxos’ infrastructure. Stripe’s “Pay with Crypto” product, which enables businesses to accept stablecoin payments, will feature Paxos’ technology, allowing these payments to settle in fiat currencies such as the U.S. dollar. “We’re always looking for ways to make it easier and cheaper for businesses to accept payments from their customers worldwide. Partnering with Paxos, we’re excited to enable stablecoin payments for our users with our Pay with Crypto product,” said John Egan, Stripe’s Head of Crypto. The new Paxos platform provides an API infrastructure that enables payments in stablecoins or fiat. The platform supports conversions between the U.S. dollar and three stablecoins: Pax Dollar (USDP), PayPal USD (PYUSD), and Circle’s USD Coin (USDC). At launch, it will be available in the U.S., with plans to expand to additional currencies and regions over time. To use the platform, customers must set up a wallet with Paxos, and merchants or PSPs can choose whether to receive stablecoins directly or convert them to fiat. The platform also supports on-chain transfers via the Solana and Ethereum networks for PYUSD and USDP, while USDC is supported via Ethereum, Solana, and Polygon. Stripe and Paxos partnership Merchants will also be able to issue refunds in the same stablecoin used for the initial payment. Stripe already supports pay-ins from over 70 countries, and the inclusion of stablecoin payments will enable businesses to accept payments from anywhere globally. “This is truly enterprise-grade infrastructure for payments, where Paxos brings our regulatory-first approach to the payment capabilities needed across onboarding, custody, and money movement,” a Paxos representative said. Paxos also plans to continue adding more assets and blockchain networks to the platform based on customer demand. The stablecoin market has seen rapid growth, with a total market value surpassing $170 billion in September 2024. Major players like Tether (USDT), Circle (USDC), and PayPal (PYUSD) continue to dominate the space.

EURUSD currency pair can be expected to fall further toward the next support level 1.0850, target for the completion of the active wave c.   – EURUSD broke support zone – Likely to fall to support level 1.0850 EURUSD currency pair recently broke the support zone lying between the key support level 1.0910 (which reversed the price at the start of August, as you can see from the daily EURUSD chart below) and the 50% Fibonacci correction of the upward impulse from April. The breakout of this support zone accelerated the active short-term impulse wave c, which is a part of the minor ABC correction 4 from the end of August. This ABC correction earlier broke the wide daily up channel from June – which strengthened the bearish pressure on this currency pair. Given the bullish US dollar sentiment that can be seen across the FX markets today, EURUSD currency pair can be expected to fall further toward the next support level 1.0850, target for the completion of the active wave c. EURUSD Technical Analysis Report The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff. The information does not constitute advice or a recommendation on any course of action and does not take into account your personal circumstances, financial situation, or individual needs. We strongly recommend you seek independent professional advice or conduct your own independent research before acting upon any information contained in this article.

Former U.S. President Donald Trump’s decentralized finance (DeFi) project, World Liberty Financial (WLFI), launched its token sale on October 15, aiming to raise $300 million. The public sale is exclusively available to whitelisted accredited investors, as per SEC regulations. The project saw a strong initial response, selling over 220 million tokens to more than 1,700 unique wallets within the first 20 minutes. Despite website outages during the rollout, nearly 2,900 investors managed to buy 344 million tokens within the first hour, raising $5 million in sales. The WLFI coin serves as the governance token for the World Liberty Financial platform, enabling investors to borrow, lend, and earn interest within the DeFi ecosystem. However, unlike traditional cryptocurrencies such as Bitcoin, WLFI is non-transferable and does not generate yield. Furthermore, 63% of the token supply is reserved for accredited investors, limiting access to a select group. The project, fronted by Eric Trump, was first announced in August and has been touted as “digital real estate,” positioning itself as a major competitor in the DeFi space. The project has also set an ambitious goal of becoming a global “one-stop shop for DeFi,” competing with established platforms like Uniswap. However, the launch faced several hurdles. Technical issues, including the website going down, disrupted the sales process, creating gaps in WLFI availability and slowing transactions. These issues have led to skepticism from some within the crypto community, with concerns about the project’s timing—just ahead of the upcoming U.S. presidential election—and the unclear technical goals. As of now, World Liberty’s website remains down, but staggered transactions continue on-chain, signaling strong demand for WLFI despite the technical difficulties. Trump holds between $1 million and $5 million in Ethereum, with additional income from non-fungible token (NFT) licensing fees, according to recent election disclosures. Although the filings only specify a general range for his Ethereum holdings, data from Arkham Intelligence estimates the value at around $3.6 million. In addition to his cryptocurrency holdings, Trump reported earning $7.15 million through a licensing agreement with NFT INT, a firm linked to the Trump Digital Trading Cards. His wife, former First Lady Melania Trump, reportedly earned $330,609 from NFT sales. Data from OpenSea reveals that Trump Digital Trading Cards have generated over 15,808 ETH in trading volume since their launch. In July, Trump announced plans to release another NFT collection.

XS.com has announced the launch of XpertS, an interactive financial show that runs every Thursday at 7 PM KSA time (4 PM UAE time) on YouTube Live. Offering a unique experience designed for traders eager to refine their skills, deepen their knowledge, and gain a competitive edge, XpertS Live decodes complex financial events and provide real-time insights into market trends. XpertS Live is hosted by Ahmed Negm, Head of Market Research at XS.com, and also features Sherif Khorsheid, CEO of FX-borssa, renowned for his role in training over 50,000 successful traders across the Middle East. Viewers will benefit from the two experts’ real-time exchanges and debates, gaining valuable insights from two distinct perspectives. “A dynamic platform where traders can gain real-time insights” According to XS.com, each episode of XpertS offers an unfiltered view of the financial markets, including interactive analysis of global economic shifts, central bank policies, and the effects of inflation on various asset classes. The show will cover a wide range of essential topics such as trading strategies, technical and fundamental analysis, risk management, trading psychology, and many more. Ahmed Negm, Head of Market Research at XS.com, said: “With XpertS, we’re not just providing analysis; we’re creating a dynamic platform where traders can gain real-time insights from two distinct perspectives. Our goal is to equip viewers with a comprehensive toolkit to navigate market volatility and seize opportunities with confidence.” Sherif Khorsheid, CEO of FX-borssa, commented: “This show represents a unique opportunity to combine my experience in developing successful traders with Ahmed’s deep market understanding. XpertS is designed to challenge conventional thinking and offer actionable insights that can make a tangible difference in traders’ approaches and success.” XS.com previously partnered with Ektifa Academy in MENA XS.com recently partnered with Ektifa Academy to empower aspiring online traders in Kuwait and in the MENA region overall.Ektifa Academy is an educational institution based in Kuwait, dedicated to training and empowering students interested in online trading. The Academy aims to equip students and traders with the necessary information and skills through training courses, webinars, and various other activities. Ektifa Academy offers a comprehensive range of services to both new and seasoned traders, including educational courses, accredited certificates, in-depth analyses, and crucial market news. The announcement was made during the grand opening ceremony of Ektifa Academy’s new office in Kuwait City, held at the prestigious Grand Hotel Kuwait and sponsored by XS.com. The event attracted a host of prominent figures from the financial markets across Kuwait, Saudi Arabia, the United Arab Emirates, and other countries, highlighting the regional significance of this partnership. XS.com launched Copy Trading platform powered by Brokeree A few weeks ago, XS.com tapped fintech provider Brokeree to deliver an enhanced copy trading experience to its global client base. The CFD broker’s newly deployed Copy Trading platform allows traders to replicate the strategies of experienced and top-performing market participants in real-time. The trade copier is especially beneficial for clients seeking to diversify their portfolios or those new to the trading landscape, as it provides an opportunity to learn from and benefit from the expertise of seasoned traders. Copy Trading is particularly beneficial for novice traders, allowing them to connect with peers and replicate the investment strategies of successful traders. Expert traders can use the platform to expand their follower base. By sharing trading tips and strategies, they can become mentors or influencers in the industry, monetizing their expertise. XS.com’s Copy Trading service will include real-time tracking and performance analytics, enabling users to monitor their portfolios and adjust strategies as needed. The service offers access to top-performing traders while allowing clients to maintain full control over their investments with customizable risk management settings. This flexibility lets users tailor the system to their financial goals, providing a personalized experience that matches their risk tolerance and preferences. XS.com opened South Africa FSCA-regulated entity XS.com recently established “XS ZA,” a licensed Financial Service Provider entity in South Africa, under license number 53199. Operating as XS ZA (Pty) Ltd, the company is now authorized to offer a diverse range of asset classes, including FX and CFDs products, to both retail and professional clients not only in South Africa but also across other African nations. Earlier in July, XS.com strengthened its South Africa’s operations with the appointment of Mabyanine Phiri as their new marketing manager. Phiri brings with him a long experience and a diverse skill set that is expected to contribute to the company’s marketing efforts and overall success. Having worked in the country’s financial industry since 2013, he has expertise in marketing management, digital strategy, and search engine optimization (SEO). XS Group is a multinational fintech and financial services provider with entities authorized in various jurisdictions around the globe. Founded in 2020, XS.com was originally founded in Australia before relocating its headquarters to Cyprus. The broker is authorized in Seychelles while its institutional arm, XS Prime Ltd, is regulated by the Australian Securities and Investments Commission (ASIC).

The chart shows that Coinbase (COIN) shares, which opened trading around $166 on Friday, closed yesterday above $196, marking an approximate 18% rise in just two days. Several factors have driven this sharp increase in Coinbase’s stock price: → Positive sentiment in the US stock market; → Anticipation of strong Q3 earnings – Coinbase is scheduled to release its quarterly report on 30 October. Analysts from Zacks estimate that the company may post earnings of $0.34 per share this quarter, a staggering 3500% improvement compared to the same period last year. → A surge in cryptocurrency prices, with Bitcoin (BTC/USD) climbing above $65,000. The technical analysis of the COIN stock chart suggests that in October, the price rebounded off the lower boundary of a significant channel (marked in blue) that has been in play since 2023. This could indicate that bulls are attempting to re-establish a long-term upward trend. However, in the near term, the price might encounter resistance around the psychological level of $200 per share, which previously acted as support (as seen by the first arrow). At the end of August, bulls struggled to maintain gains above this level (shown by the second arrow), underscoring the importance of psychological barriers – for example, the false breakout at $150 on 6 September. TipRanks analysts project an average price target of $258 for COIN over the next 12 months, with 7 out of 15 analysts rating the stock as a buy. According to TipRanks, analysts project JPMorgan’s average price target to reach $228 within the next 12 months. FXOpen offers spreads from 0.0 pips and commissions from $1.50 per lot. Enjoy trading on MT4, MT5, TickTrader or TradingView trading platforms! This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

The forex trading landscape is witnessing a significant shift with the introduction of FXGenix, a groundbreaking Expert Advisor (EA) developed by Dubai-based fintech company Avenix Fzco. This sophisticated forex robot is designed to operate on the widely-used MetaTrader 4 (MT4) platform, promising to redefine how traders engage with the foreign exchange market. Engineered for Excellence FXGenix stands out in the crowded field of automated trading solutions by offering a unique blend of advanced technology and strategic trading methodologies. At its core, this EA utilizes a complex array of technical indicators, including the Alligator indicator and Fractals, to identify potential trading opportunities. What sets FXGenix apart is its integration of price action analysis and candlestick pattern recognition, creating a comprehensive approach to market interpretation. EURUSD Specialization In a strategic move, Avenix Fzco has tailored FXGenix specifically for trading the EURUSD currency pair on the 15-minute (M15) timeframe. This specialization allows the EA to leverage the unique characteristics and dynamics of this major forex pair, potentially giving traders an edge in their operations. Multitasking Capabilities FXGenix isn’t limited to managing a single trade at a time. Its ability to handle up to six orders simultaneously offers traders the flexibility to diversify their positions and capitalize on multiple market movements concurrently. Precision Trading and Risk Management Trade execution, a critical aspect of forex trading, is addressed with meticulous attention to detail in FXGenix. The EA implements fixed Stop Loss (SL) and Take Profit (TP) levels for each trade, promoting a disciplined and structured approach to risk management. Additionally, FXGenix incorporates an advanced Trailing Stop mechanism. This feature not only helps in securing profits but also plays a crucial role in minimizing potential losses, offering a balanced approach to trade management that sets it apart from many other EAs in the market. User-Centric Design Despite its sophisticated capabilities, FXGenix boasts an intuitive interface that caters to traders of all experience levels. The EA requires minimal parameter adjustments, making it accessible even to those new to automated trading systems. This user-friendly approach aligns with Avenix Fzco’s mission to democratize advanced trading tools. Data-Driven Performance In collaboration with Thinkberry SRL, FXGenix has been optimized using high-quality tick data dating back to 2016. This extensive dataset ensures that the EA’s performance closely mirrors real-world market conditions, potentially enhancing its accuracy and effectiveness in live trading scenarios. A New Era in Forex Trading The launch of FXGenix marks a significant milestone in the evolution of automated forex trading. By combining advanced technical analysis with user-friendly design and robust risk management features, Avenix Fzco is offering traders a powerful tool to navigate the complex and dynamic forex markets. The Avenix Fzco Vision Avenix Fzco, the innovative fintech company behind FXGenix, is making waves in the forex trading technology sector. Based in Dubai, UAE, the company specializes in developing cutting-edge trading software that aims to empower traders with tools that prioritize precision, intelligent features, and effective risk management. The company’s commitment to continuous improvement and incorporation of state-of-the-art technology is evident in FXGenix. By fostering a supportive trading community and providing exceptional customer support, Avenix Fzco is creating an environment where traders can thrive and grow their skills. Traders interested in experiencing the capabilities of FXGenix firsthand are encouraged to visit the official website for more information and to explore this innovative forex robot. https://fxgenix.com/

TD Bank’s recent $3 billion penalty over money laundering lapses has raised questions about its connections to two unnamed cryptocurrency firms operating in Colombia and the United Kingdom. The settlement involves TD Bank’s U.S. operations and includes limitations on the bank’s future growth due to lapses in anti-money laundering (AML) oversight. According to the Financial Crimes Enforcement Network (FinCEN), over $1 billion of TD Bank’s transfer volume during the relevant period was linked to a customer group, referred to as “Customer Group C.” This group claimed to be involved in sales finance and real estate industries but primarily facilitated cryptocurrency-related transactions. The group received more than 90% of its incoming funds from a UK-based cryptocurrency exchange, while more than 60% of its outgoing transactions were wired to a Colombian financial institution offering virtual asset services. FinCEN’s report highlights that Customer Group C conducted an average of $100 million in monthly wire transfers, most of which involved apparent third-party cryptocurrency trading in high-risk jurisdictions, including Colombia, China, and countries in the Middle East. These transactions raised concerns due to massive deviations from the customer’s onboarding documentation. TD Bank’s crypto transactions under scrutiny During the period in question, TD Bank processed over $650 million in transfers for Customer Group C, originating from an international cryptocurrency exchange. Despite the unknown origins of these funds, the bank continued to process transactions, facilitating over $420 million in wires to a financial institution in Colombia that provides cryptocurrency services. TD Bank previously engaged in the cryptocurrency market through its acquisition of TD Cowen, an independent investment bank that launched Cowen Digital in March 2022. The unit provided institutional clients with exposure to the crypto market, offering access to assets such as Bitcoin and Ether. However, Cowen Digital was shut down in June 2023, just three months after TD Bank completed its $1.3 billion acquisition of Cowen. The closure of TD Cowen’s crypto division came amid several high-profile crypto company collapses in 2022 and ongoing banking and regulatory challenges in the U.S. in 2023.

YouTube sensation MrBeast, one of the platform’s top creators, has been accused of engaging in “promote-and-dump” cryptocurrency schemes, which have allegedly netted him more than $10 million. The accusations were made by a blockchain investigator using the handle SomaXBT on the social media platform X. According to SomaXBT, MrBeast invested $100,000 in a project called SuperFarmDAO and allegedly used his influence to inflate the value of the project’s related token, SUPER. The investigation claims that after promoting the token, MrBeast sold off his holdings, converting millions of dollars’ worth of SUPER into Ether, ultimately profiting more than $9 million. SomaXBT further accused MrBeast of similar activity in other projects, including Polychain Monsters, STAK, VPP, and SHOPX, where he supposedly promoted and then sold off his assets for a profit. It remains unclear whether MrBeast knowingly misrepresented his involvement in these projects or was unintentionally involved in what has been labeled as pump-and-dump activity. Cointelegraph reached out to MrBeast’s media team for comment but did not receive an immediate response. Broader debate in the crypto community The allegations against MrBeast come amidst ongoing discussions in the cryptocurrency community regarding the harmful impact of pump-and-dump schemes on low-cap tokens. Many in the industry are concerned that such actions erode value both for individual projects and the broader cryptocurrency sector. Moreover, insiders and influencers often create hype around small tokens, encouraging retail investors to buy in before selling off for their own gain. Blockchain sleuth ZachXBT has also called out other influencers for similar behavior, recently accusing trader Ansem of facilitating pump-and-dump schemes with memecoins. The perpetrators of so-called ‘ramp and dump scams‘ now focus on social media channels and employ increasingly sophisticated tactics to persuade victims to join. Sometimes, they have impersonated famous investment advisors and popular market commentators to draw victims into the scheme.  

Cryptos have become one of the most used currencies in the world. According to certain studies, at least 617 million people use BTC or other kinds of token to buy products or pay services online and in physical stores. However, how good are they when it comes to paying mortgages? Well, the answer can be found right here. Cryptocurrencies: What Are They And How Do They Work? A cryptocurrency is a form of digital money that isn’t backed up by any sort of government or bank. The name of these so-called “coins” or “tokens” comes from the fact that they use a special type of cryptography to make each of them unique, a person with 1 Bitcoin won’t ever find another one with the exact same coin. The first crypto ever made was Bitcoin in 2009, since then there have been hundreds of new tokens in the market. According to recent reports, there’s at least over 10,000 different cryptos circulating right now, and it doesn’t seem the number will go down anytime soon. A few years ago, these currencies were mostly obtained through “mining” which involved solving mathematical problems using a computer. However, many important platforms like Solana and Cardano have begun shifting recently to a Proof of Stake system, which requires “staking” coins as a collateral for the chance of validating blocks and earning more of them. Of course, mining and staking coins is not the only way to access cryptos. Many people often exchange them for FIAT currencies like USD, EUR or GBP. How Does Cryptos Work With Banks and Mortgages? The short answer is: they don’t. Banks in the UK and US tend to only operate with FIAT currencies, so they won’t accept payments with cryptos. With that said, some Fintech companies like Milo in the USA have begun offering mortgages loans with crypto wallets as the collateral and also accept them as payment, so things could change in the future. People can also exchange cryptos for FIAT currencies and use that money to pay the bank or request mortgages with it. Some countries like El Salvador have even started accepting Bitcoin as a legal tender, so it might be possible to use it in the future for any kind of transaction. What Happens With Brokers? Can They Be Paid With Cryptos? When it comes to mortgages, there are steps that can be extremely complicated, specially for those who are inexperienced in this area, and that is where a mortgage broker can be useful. Some of these experts accept cryptocurrencies as payment, but it’s not common, so those interested in hiring one will likely have better luck paying with FIAT currencies. Is It Worth Using Cryptos For Mortgages? Since cryptocurrencies can’t be used in banks, a lot of people tend to discard them as an option for mortgages entirely, without noticing some of the following benefits: Growing value: the value of cryptos can drastically rise from one day to another, allowing owners to pay bigger parts of the mortgages directly without issue or exchange them for FIAT. Unregulated by the government: cryptocurrency platforms are completely independent of any government organization, so their price won’t be affected by any of their decisions. Quick transfers: depending on the coin used, some transfers can take between three seconds or half-hour, making them faster than some banks. Perfectly safe: cryptocurrencies are stored in wallets which are completely inaccessible without the proper private key from the owner, which makes them somewhat safer than other digital payment methods. With all this said, it’s important to note that cryptos can also lose their value over time, and while they are unaffected by governments, they can set laws and regulations that can forbid their use in any sort of transaction related to mortgage. Why Don’t Lenders Like Cryptocurrencies? Although cryptocurrencies have a lot of advantages, lenders across different countries tend to deny mortgages for people who use them, due to two simple reasons: money-laundering and volatility. Transfers made with crypto are completely anonymous. While this ensures the security of both parties, it also opens the gates for anyone who is looking to launder FIAT currencies without tracking.  Due to anti-money laundering regulations, anyone looking for a mortgage in the UK, must prove the origins of their funds, which isn’t always easy to do with cryptocurrencies.  Besides regulations, cryptos are also constantly affected by a huge market volatility, which can severely impact the value of any coin, turning thousands of sterling pounds to cents in a matter of seconds. Since that market is completely unregulated, it can leave lenders in a tight spot where the funds used as collateral can end up with no value. What Are The Solutions For Those Who Only Earn Money Through Crypto? There are people who only earn money either by trading crypto or through mining, in these cases, the best option is to contact a broker with experience on cryptocurrencies, since these are most likely to know lenders who accept these coins. Crypto Holders should also make a proper register of each transaction or exchange made with the crypto wallet, so it can be traced back and avoid issues with any law. After registering the exchanges, all that is left is to declare the incomes obtained to the HMRC and pay the respective taxes, so everything is in order.   The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

Boerse Stuttgart Digital has partnered with Amazon Web Services (AWS) to boost its product offerings for European financial institutions. The leading European regulated crypto infrastructure provider wants to enhance scalability and facilitate expansion of its crypto infrastructure, to be deployed by traditional banks, brokers, and asset managers. Easily build and scale a crypto business in Europe Across Europe, both retail and corporate clients are actively looking for secure ways to enter the crypto market. Traditional financial institutions face a critical decision: either miss this structural shift or collaborate with trusted infrastructure providers that prioritize security and reliability. Boerse Stuttgart Group leads the European exchange groups in crypto and digital asset services through Boerse Stuttgart Digital. Offering integrated solutions for trading, exchange, and custody, it provides institutional clients with a trusted, secure, and reliable one-stop platform. Matthias Voelkel, CEO of Boerse Stuttgart Group, said:”Trust is paramount in the cryptocurrency and digital assets world. Institutional investors are eager to offer their clients access to cryptocurrencies and digital assets without compromising on trust, security and reliability. That’s why they choose Boerse Stuttgart Digital. With the AWS Cloud we boost our proven and fully regulated infrastructure solutions, enabling institutional clients across Europe to easily build and scale their own crypto businesses.” Tanuja Randery, Vice President and Managing Director, Europe, Middle East and Africa (EMEA) at AWS, commented: “We are delighted to be working closely with Boerse Stuttgart Group on their mission to make their crypto infrastructure solutions even more scalable. As the relationship between AWS and Boerse Stuttgart Digital grows from strength to strength, we look forward to innovating with them to serve the evolving needs of their customer base.” Boerse Stuttgart offers ESG data for crypto Boerse Stuttgart recently expanded of its market data offering to include ESG data for cryptocurrencies. The data is calculated and provided by Crypto Risk Metrics as part of a cooperation. Boerse Stuttgart Group distributes the data through its existing network of data providers. Their clients can obtain the ESG data through a simple feed extension, which minimizes their internal effort. At the start, Boerse Stuttgart Group offers ESG data for around 30 cryptocurrencies. The offering will be continuously expanded in line with demand. The launch of ESG data for cryptocurrencies by Boerse Stuttgart comes on the heels of the EU’s MiCA regulation which will come into effect later this year and sets transparency requirements for crypto asset service providers, who will be obliged to publish sustainability figures for the cryptocurrencies they offer. Boerse Stuttgart Group reported that it served approximately 890,000 retail customers in Europe by the end of 2023, reflecting a 10 percent increase year over year. Boerse Stuttgart Digital Custody holds a significant volume of cryptocurrencies, amounting to around EUR 2 billion, and expanded its cryptocurrency offerings to 27 for both retail customers and institutional partners. As for the Group’s exchanges in Germany, Sweden, and Switzerland collectively anticipated a total turnover of approximately EUR 100 billion by the end of 2023, a remarkable feat in the challenging market conditions. The German exchange in Stuttgart alone accounted for around EUR 90 billion, maintaining its trading volume at par with the previous year.

Your Bourse, leader in trading infrastructure solutions, is excited to announce the release of its swap management functionalities: the Group Swaps Configuration and Swap Report tools. These innovative features are designed to simplify and optimise the way brokers manage overnight swaps, improving profitability and allowing consistency across multiple trading symbols and groups on MetaTrader 4 and MetaTrader 5 platforms. With these tools, brokers can easily fine-tune swaps to match their pricing strategies, ensuring a consistent trading experience for their clients, while also boosting profitability. Your Bourse’s solution simply makes the process smoother and more manageable. Highlights Group Swaps Configuration: Set up and adjust swaps across entire groups with ease, ensuring consistent trading conditions across symbols. Swap Report: Gain clear insights into swap transactions, offering greater transparency and control. MT4/MT5 Integration: Conveniently manage swaps through an intuitive system that simplifies the import and export of swap data, minimising manual work. Core Features Real-time connection with MT4/MT5 servers via Manager API for seamless swaps import and export. Easy-to-use Excel export/import functionality for customising swap values with just a few clicks. The ability to set uniform or varied swap values across groups, tailored to specific symbols or client needs. Use Cases Easy Swap Charge Management: Allocate swap costs to clients with precision, keeping the process simple and transparent. Custom Swap Rates for Clients: Tailor swap rates to fit different pricing strategies, creating more personalised trading conditions for specific client groups. Historical Swap Data: Easily provide clients with detailed reports on swap adjustments, building trust through transparency. “Managing swaps is a critical aspect of brokerage operations that’s often overlooked. With our Group Swaps Configuration and Swap Report tools, brokers will be able to handle swap transactions much more easily and flexibly than before,” said Elina Pedersen, co-CEO and CRO of Your Bourse. “This latest release reflects our ongoing dedication to providing clients with top-tier trading conditions and innovative, profit-enhancing solutions.” Why Your Bourse? As a trusted partner to clients globally, Your Bourse offers a full suite of trading technology designed to improve the operational efficiency of multi-asset brokers, liquidity providers, and crypto exchanges. The platform’s flexibility, paired with 24/7 support, guarantees unmatched speed, performance, reliability, and scalability, helping brokers position themselves above in a competitive market. Brokers interested in learning more about Your Bourse’s new swap management tools are invited to request a demo. 

CME Group has reported a record average daily volume (ADV) of 8.4 million contracts in Q3 2024, up 29% year on year, reflecting all trading reported outside the United States. While experiencing growth across all asset classes, the highest trading volumes at CME Group came from interest rate and equity products, which accounted for three-quarters of the growth in volume. According to CME Group metrics, interest rate products saw record growth of 32% in quarterly volumes year on year, driven by an increase of 38% growth in SOFR futures and 25% growth in Treasury contracts. Energy products saw 30% growth, Equities products were up 25%, and record FX volumes increased by 14% in the third quarter. SOFR,  U.S. Treasury futures, E-Mini equity options rose the most Julie Winkler, Senior Managing Director and Chief Commercial Officer, CME Group, said: “Our record Q3 international ADV was driven by significant increases in volume across all asset classes in EMEA and APAC, demonstrating how our clients turned to the breadth of our products to navigate unpredictability and volatility. In particular, our SOFR and U.S. Treasury futures and E-Mini equity options achieved notable growth. Going forward, we remain focused on partnering with our clients to help them manage risk, pursue opportunities and expand their businesses internationally.” In Q3 2024, EMEA’s average daily volume (ADV) reached a record 6.2 million contracts, a 30% increase from Q3 2023. Energy, interest rate, and foreign exchange products set new ADV records, growing 37%, 32%, and 18% year over year, respectively. APAC saw a 28% increase in ADV, reaching 1.8 million contracts in Q3 2024. Metals led the growth with a 49% rise, while interest rate and equity products increased 33% and 30%, respectively. In LatAm, ADV rose 12% year over year to 181,000 contracts. Metals saw a 37% increase, and energy products were up 30%. Canada’s ADV grew 21% to 169,000 contracts, driven by a 39% rise in interest rate products and a 19% increase in energy products. Globally, CME Group reported a record ADV of 28.3 million contracts in Q3 2024, a 27% increase from the previous year. This was primarily driven by a record 14.9 million contracts in interest rate products, up 36%. The U.S. Treasury complex hit a quarterly record ADV of 8.4 million contracts, while SOFR futures reached an all-time quarterly ADV of 4.1 million contracts.

Retail FX and CFD brokerage firm AvaTrade has  agreed to renew and extend its sponsorship agreement with the UAE Pro League in order to continue as one of the main partners of the ADNOC Pro League for the current season, 2024/25. This way, the multi-regulated broker will continue to work closely with the UAE Pro League, which is dedicated to investment opportunities and the advancement of professional competitions, as part of its strategic plan for 2020-2030. The goal is to yield substantial benefits for both parties, and promote the progress of the sport for the betterment of the football community in the UAE and the wider region. AvaTrade regulated in UAE, Europe, Australia, and Japan Fadi Abou Ras, CEO of Ava Trade Middle East Limited, stated: “We are thrilled to have extended our strategic partnership with the UAE Pro League. Working alongside the UAE PL has given us the perfect opportunity to showcase AvaTrade’s market edges and the enormous value it can create among the local audience, through our cutting-edge technologies, user-friendly trading platforms, and strong regulatory position both within the UAE and across several prominent global jurisdictions, including Europe, Australia, and Japan. We want to continue working closely with the UAE PL to educate and inform our customers about our seamless trading experience and share in the leagues ongoing expansion and success story.” AvaTrade offers exposure to more than a thousand financial instruments through MT4/5, AvaTrade mobile app, WebTrader, AvaOptions, and other platforms. The broker also features risk management tools such as AvaProtect, alongside real-time market access and immediate execution. Accounts are fully segregated, and transactions are fully encrypted. AvaTrade is regulated in the EU, Japan, Australia, Abu Dhabi, and BVI while holding a strong presence in Canada through a partnership with Friedberg Direct, a member of Canada’s Investment Industry Regulatory Organization. AvaTrade Middle East is regulated by the Financial Services Regulatory Authority (FSRA) with financial services permission No.190018 in Abu Dhabi Global Market (ADGM). AvaTrade secured Colombia SFC license A couple of months ago, AvaTrade received authorization from the Financial Superintendence of Colombia (SFC) to operate within the country, a significant milestone for the broker which not only offers FX/CFD products but also listed derivatives such as Futures and Options. The multi-regulated brokerage firm has thus secured one more regulatory license, this time in Colombia, one of the largest markets for brokers operating in the LATAM region. Founded in 2006, AvaTrader has grown into a brokerage industry leader with 20 offices across the globe supporting over 400,000 registered traders who execute more than two million trades per month. Colombian traders will be able to leverage AvaTrade’s customer service, educational resources, security standards, and execution quality. Client funds are safeguarded in segregated accounts. As to trading conditions, AvaTrade focuses on low spreads and zero hidden commissions, dedicated account managers, multilingual support, access to over 1,000 instruments, and risk management tools such as AvaProtect. AvaTrade launched AvaFutures in June AvaTrade’s futures trading platform was officially launched in June. Powered by a leading KYC specialist for quick client onboarding, AvaFutures allows customers to sign up, fund their accounts using credit cards or other electronic methods, and start trading within minutes. Besides simplifying the account opening and funding process, AvaFutures charges no hidden fees, according to the brokerage firm, and customers can manage accounts online or access 24/5 support in over 10 languages, all free of charge. AvaFutures features: Micro, E-mini, and Standard futures contracts on indices, commodities, metals, FX, cryptocurrencies, treasuries). Partnering with CME Group, AvaFutures offers futures contracts on the S&P, Nasdaq, Crude Oil, among others. AvaFutures collaborates with other leading exchanges like EUREX for European future contracts, with plans to add more instruments in the near future. MT5 trading platform, providing traders with advanced charting capabilities, automated trading, in-depth analysis, and Level 2 data-free access. A suite of comprehensive learning resources all developed for the retail traders to enhance their trading skills and knowledge.

NAGA has assembled a team of seasoned professionals to top up its financial education initiative and ensure that every user has access to top-tier education—no matter their background or location. The neobroker’s financial education initiative is driven by a diverse team of experts, including Frank Walbaum, Walid Koudmani, Miguel Rodriguez, and Tammy Horsfall. “Bringing on board experts who can discuss market concepts” Cristian Constantin, Head of Education at NAGA, said: “Our mission is simple. By bringing on board experts who can discuss market concepts, we’re empowering our users to make more informed financial decisions, wherever they are in the world.” The new team of market analysts is comprised of former professionals from some of the world’s most respected financial institutions. The goal is to provide knowledge and real-time insights to traders globally. Below,the key highlights of each expert: • Frank Walbaum (German markets): With extensive experience managing a €450 million Forex fund, Frank brings invaluable expertise in Asian currencies and the German stock market. • Walid Koudmani (Italian/Arabic-speaking markets): A multi-asset class analyst, Walid’s market forecasts and macroeconomic analysis are highly regarded by top financial publications. Fluent in three languages, his insights help traders navigate global markets. • Miguel Rodriguez (English for EU & Spanish for LATAM Regions): With over three decades of experience in currency trading and macro analysis, Miguel’s leadership at Banco Santander has made him a trusted voice in global financial markets. • Jacques Duval (English): A disciplined trader with a scientific approach, Jacques specializes in copy trading and applying statistical analysis to trading strategies. His data-driven insights cater to traders seeking precision and results. • Tammy Horsfall (English): Known for his extensive knowledge of algorithmic trading and technical analysis, Tammy has empowered thousands of traders by simplifying complex data into clear, actionable insights that are easy to follow. NAGA is making financial literacy more accessible NAGA has stated that, as part of its commitment to making financial literacy more accessible, it has blended traditional educational tools like articles, webinars, and eBooks with innovative formats such as bite-sized daily videos. The platform will offer live webinars each month, led by these seasoned experts. These sessions range from basic investing principles to advanced trading strategies, offering practical knowledge to traders. NAGA delivers daily, bite-sized educational videos in a TikTok-style format. Additionally, the broker offers users free access to the latest market studies, analysis, and evaluations. The platform also connects traders who share insights, strategies, and experiences. NAGA’s “Everything Trading” app is on Telegram NAGA recently put its whole offering into a single trading platform, thus offering a unified website that combines trading, investing, cryptocurrencies, and payments into a streamlined ‘Everything Money’ hub. NAGA’s social trading feature allows users to follow Lead Traders, interact with them, and even Autocopy their trades in real time. Collaborative tools are embedded across all of NAGA’s verticals, allowing users to share insights, discuss strategies, and learn from both experienced traders and peers. Traders can also access video snippets alongside traditional learning materials like e-books and webinars. NAGA’s “Everything Trading” app has been integrated into Telegram, making it the first of its kind to allow users to trade directly inside the messaging platform. The move is a milestone for the brokerage industry and will expose NAGA to Telegram’s 950 million-strong user base. Targeting retail investors across Europe, the German-headquartered neobroker recently acquired by CAPEX.com, is positioning itself as the first to offer seamless access to financial markets directly within Telegram’s App Center. NAGA believes the move may significantly boost client onboarding and revenue streams by tapping the nearly 1 billion users from Telegram. It is unclear if NAGA’s timing was brilliant or poor as Telegram’s chief executive Pavel Durov, although released on a $5.56 million bail, remains under investigation and is barred from leaving France, risking a 10-year sentence. The “NAGA Everything Trading” platform integrates NAGA’s SuperApp trading features directly into Telegram. Users on Telegram can now sign up, complete KYC, deposit funds, and trade over 4,000 assets—including real stocks, CFDs on stocks, crypto, forex, commodities, and indices—without leaving the app. NAGA said it plans monthly updates for this Telegram version, with the next release featuring Social Trading with AutoCopy, allowing users to replicate top investors’ trades in real-time. NAGA completed merger with CAPEX.com’s Key Way Group Ltd It was in late August that the German neobroker finalized its merger with Key Way Group Ltd., which operates under the CAPEX.com brand. Back in April, the Extraordinary General Meeting of NAGA shareholders had given the green light for the merger with CAPEX.com with a vote of 99.81%. The merger will create one of “the world’s leading neo-brokers,” with around 1.5 million users across more than 100 countries. The migration of users from Key Way Group’s trading platform, CAPEX.com, to the NAGA ecosystem is set to begin soon. NAGA expects to save up to EUR 9.0 million a year from user migration, operational synergies, and licensing efficiencies. As the migration moves forward, using common technology across the group is said to add around EUR 4.0 million to EBITDA annually. More savings are likely in areas like regulatory, personnel, trading, and customer acquisition costs. The integration is also expected to boost profits by increasing the lifetime value of CAPEX.com users with features like social trading, neo-banking, and crypto trading. NAGA has recently made a series of new additions to its top management team, hiring new executives for key leadership positions, with Michael Milonas taking on the role of Group CEO. Additionally, NAGA appointed Sam Chaney as the Chief Commercial Officer (CCO), responsible for driving global growth in emerging markets.

On Friday, JPMorgan (JPM) released its Q3 earnings report ahead of the market open, outperforming expectations: Earnings per share: Expected = $3.99, Actual = $4.97 Revenue: Expected = $41.4 billion, Actual = $43.4 billion CEO Jamie Dimon expressed satisfaction with the strong results but also issued warnings. He highlighted: Geopolitical risks are increasing rapidly. “We’ve been monitoring the geopolitical landscape for some time, and recent developments indicate that conditions are becoming more dangerous and deteriorating.” “Although inflation is slowing and the US economy remains resilient, several major challenges remain, including a large budget deficit, infrastructure needs, trade restructuring, and global remilitarisation.” Despite Dimon’s caution, investors reacted optimistically to the robust earnings, driving JPMorgan shares up by more than 4% on Friday. Year-to-date, the stock has risen by around 30%, and over the past year, it has gained about 50%. JPMorgan (JPM) Stock Technical Analysis: The price is trading within an ascending channel (marked in blue). The RSI indicator has climbed into overbought territory. Friday’s candlestick shows a notable upper wick, indicating some selling pressure. The $225 psychological level may act as resistance, as it did in early September. If the bullish trend continues and JPM’s price approaches the upper boundary of the channel, it could trigger a correction. The potential support zone may include: The lower boundary of the blue channel Former resistance at $213 The lower edge of Friday’s bullish gap According to TipRanks, analysts project JPMorgan’s average price target to reach $228 within the next 12 months. FXOpen offers spreads from 0.0 pips and commissions from $1.50 per lot. Enjoy trading on MT4, MT5, TickTrader or TradingView trading platforms! This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice. The subject matter and the content of this article are solely the views of the author. FinanceFeeds does not bear any legal responsibility for the content of this article and they do not reflect the viewpoint of FinanceFeeds or its editorial staff.

Standard Chartered has announced the launch of a digital request for quote (RFQ) module that allows clients to request pricing quotations for their letters of credit (LCs) confirmation and discounting/negotiation, and receive a digital response on demand, from anywhere and at any time. Called Autoquote, the new digital capability is available on StanChart’s digital banking platform Straight2Bank Next Gen, where users can digitize the end-to-end LC confirmation and discounting/negotiation price discovery process. Simplified price discovery and acceptance process Samuel Mathew, global head of documentary trade at Standard Chartered, commented:: “The process of clients requesting and accepting LC confirmation and discounting/negotiation pricing quotes is usually a multi-step and manual process across the industry. The digitalization and simplification of this price discovery and acceptance process is in line with our continuous efforts to improve client experience and offer our clients efficient, safe and transparent digital trade finance solutions and services.” The self-service capability enables clients to easily access pricing for their LCs by submitting a digital form at their convenience and receiving a quote digitally. In addition to improved efficiency, the bank says clients also benefit from the added transparency of staying informed of the status of their quotations through platform alerts and notifications, as well as the ease of managing and retrieving their past quotation history. The rise of RFQ In recent years, firms within the finance industry have been expanding their RFQ capabilities. Tradeweb, TransFICC, SIX Group, Edgewater Markets, Broadridge, BrokerTec, TP ICAP, Liquid Mercury and Finery Markets, have all launched or enhanced RFQ modules. For example, TransFICC launched a service that automates RFQ negotiations for dealer-to-client venues, streamlining workflows for fixed-income and derivatives trading. Broadridge’s subsidiary LTX introduced RFQ+, combining dealer selection analytics with liquidity aggregation, while Tradeweb enhanced its RFQ module for U.S. credit markets with RFQ Edge, offering advanced analytics and improved trading efficiency. These developments illustrate the industry’s push toward automating and optimizing RFQ trading processes​. Last week, Finery Markets, a leading non-custodial crypto ECN, enhanced its platform by introducing a Request-for-Quote (RFQ) execution method. This new feature complements its existing order-book execution model, allowing users to choose between two methods depending on their trading needs. The RFQ method enables buyers to request quotes for specific asset pairs and receive competing responses from multiple liquidity providers, which is particularly useful for large trades or illiquid assets. This hybrid model combines the transparency of order-driven markets with the liquidity and minimal market impact of quote-driven systems. Finery Markets’ ECN also provides “no last look” execution, ensuring trades aren’t rejected during rapid market changes, and relocated its trading servers to AWS in Japan to enhance its infrastructure for better data processing and market performance. The platform’s improvements aim to deliver more efficient trade execution for its growing base of institutional clients globally. Finery Markets has been expanding since 2019, serving over 150 clients, including hedge funds, brokers, and OTC desks across 35 countries.

IUX has announced an exciting new initiative—Next Gen Trade—a cutting-edge project aimed at revolutionizing the world of trading, particularly in Contract for Difference (CFD) markets. As volatility in financial markets continues to challenge traders, IUX is stepping forward with an innovation that will provide more stability, efficiency, and security. This project is designed to enhance the trading experience, ensuring smooth and secure transactions even in the most volatile market conditions. Background In recent years, the demand for CFD trading has seen substantial growth due to its flexibility in allowing traders to speculate on price movements without owning the underlying assets. The global CFD trading market is expected to continue expanding, driven by the increased volatility in markets and greater interest from retail and institutional traders alike. However, one of the major challenges traders face is market volatility, particularly during major news events that cause sudden and often unpredictable price movements.  In such scenarios, many traders experience difficulties related to spreads—the difference between the bid and ask prices—often widening dramatically during periods of high volatility. This leads to increased trading costs and makes it harder for traders to execute orders at their desired prices. Recognizing this issue, IUX has developed the Next Gen Trade project to address these pain points. Revolutionizing the CFD Trading Landscape At the heart of Next Gen Trade is an innovative solution aimed at making trading more stable, particularly during volatile market conditions. Spread stability is one of the core features of this project. IUX’s technology ensures that the spread remains as stable as possible, even during significant market events like economic news releases. By mitigating the risk of unpredictable spread fluctuations, traders can execute trades more confidently and minimize unexpected costs. Additionally, IUX has taken steps to improve the speed of order execution. In the world of trading, milliseconds can make a huge difference. To address this, IUX has implemented technology that guarantees order execution in just 30 milliseconds, providing traders with faster and more reliable access to the markets. This feature is especially critical in high-frequency trading, where rapid execution times can lead to more profitable trades and less exposure to market fluctuations. The Next Gen Trade project isn’t just about technology; it’s also about empowering traders to reach their full potential. By providing tools that make trading smoother, more efficient, and less affected by external volatility, IUX aims to create an environment where traders can focus on their strategies without being bogged down by technological limitations or market instability. Conclusion The Next Gen Trade project from IUX represents a significant step forward in the evolution of CFD trading. By addressing key challenges such as spread volatility and execution speed, IUX is positioning itself as a leader in the next generation of trading technology. In an increasingly competitive and volatile market, projects like Next Gen Trade will ensure that traders have the tools they need to succeed, regardless of market conditions. With its commitment to innovation, IUX is setting a new standard for trading platforms, ensuring that traders worldwide can trade with greater confidence and efficiency. As the project continues to roll out, it will be interesting to see how it reshapes the landscape of CFD trading and impacts traders’ ability to navigate the complexities of global markets.

Be part of the ultimate gathering of industry professionals in Dubai Mark your calendars! MENA’s most popular online trading event – iFX EXPO Dubai 2025 – returns to the region, with the latest instalment promising to be the biggest and best one yet. Taking place between January 14-16, 2025, at the Dubai World Trade Centre, the 2+ day exhibition is one of the largest B2B and B2C expos of its kind anywhere in the world, bringing together key players from across the globe. Whether you are a seasoned trader, new to the industry, or a business looking to grow your presence in MENA, iFX EXPO Dubai 2025 is set to be an unmissable event, with 7k+ professionals from 120+ countries set to be in attendance. Building on the huge success of last year’s event, passholders will be able to access 13+ hours of insightful content across three stages, Speaker Hall, Idea Hub, and Traders Arena, featuring a stellar lineup of influential experts and visionary thinkers. A must-attend event for traders iFX EXPO Dubai 2025 has cemented its reputation as a global meeting point for the online trading community, offering traders the chance to experience unparalleled networking opportunities and cutting-edge industry insights. It is a gateway to learning and growth, with all areas of the venue providing fantastic learning opportunities. The main expo floor will serve as the primary marketplace where traders can network with top brokers, access industry leaders, and explore the latest trading platforms and state-of-the-art technologies. As well as the insightful speaker sessions, Q&As, and panel discussions featured at the Speaker Hall and Idea Hub, traders will be able to head to the Traders Zone, comprising the exclusive Traders Lounge and Traders Arena. The Traders Lounge serves as an important hub for collaboration, where traders from around the world can exchange insights, build relationships, and keep updated with the latest industry trends in a more informal setting. Meanwhile, the Traders Arena provides a dynamic stage for trading education and community building, offering an ideal environment for traders to learn, share, and grow within the world of online trading. Business sponsorship and exhibitor opportunities iFX EXPO Dubai 2025 presents FX and fintech firms with a unique opportunity to showcase their business to a target audience of thousands of attendees from across the industry, including brokers, traders, affiliates and IBs, liquidity providers, fintechs, prop firms, institutional investors, and more. From start-ups to established companies, the event offers the ideal platform to promote their offerings and put their brand on the map through a range of exclusive sponsorship and exhibitor packages. By becoming an official sponsor or exhibiting at a booth, companies can not only boost their visibility but also unlock greater opportunities to form strategic partnerships, generate leads, and drive business growth. Due to high demand, there are limited booths and sponsorship slots available, meaning interested parties are encouraged to get in touch with the event organisers quickly to avoid disappointment. For more information about how to sponsor or exhibit as a business, click here. Counting down to Dubai The excitement is already building, with January fast approaching. iFX EXPO Dubai 2025 is gearing up to be the biggest online trading event of the year in MENA, offering unmatched opportunities for traders and businesses alike. Early bird registration is now open, so don’t miss the chance to secure a spot at the event everyone will be talking about. To guarantee attendance at iFX EXPO Dubai 2025, click here.

An FTX customer filed a lawsuit against hedge fund Olympus Peak, alleging that the firm owes him additional recovery after he sold his claims in the collapsed trading platform. Nikolas Gierczyk from California claims that Olympus Peak failed to honor an agreement regarding additional recovery rights after he sold his $1.59 million claim against FTX at a 42% discount, receiving a $930,000 payout. With FTX’s reorganization plan now approved, customers are expected to receive between 129% and 146% of their claims. This could mean that Olympus Peak may collect between $2 million and $2.3 million for the claims it bought from Gierczyk, making a profit of more than $1 million. Gierczyk alleges that the hedge fund has refused to honor the right to further recovery that was part of their agreement. U.S. Bankruptcy Judge John Dorsey approved FTX’s reorganization plan earlier this week, a move that FTX CEO and chief restructuring officer John J. Ray III described as a major step toward distributing cash to creditors. The reorganization plan will return “100% of bankruptcy claim amounts plus interest for non-governmental creditors,” which Ray called the “largest and most complex bankruptcy estate asset distribution in history.” While the plan promises full repayment for some creditors, it faced criticism from others who argue that it does not account for token gains made between November 2022 and 2024. FTX creditor Sunil Kavuri claimed that creditors might only receive 10–25% of their crypto holdings back under the new plan. Gierczyk’s situation is part of a broader trend in which many FTX users have sold their claims to hedge funds and debt investors rather than wait through the lengthy bankruptcy process. With companies like FTX, Celsius Network, BlockFi, and Voyager Digital filing for bankruptcy in 2022, more than 10,000 claims were listed on platforms like Xclaim, allowing users to offload their claims quickly. Investment platform Cherokee Acquisition reported that over $600 million in FTX claims have already been sold through its Claims Market.