Coinbase is set to delist stablecoins that don’t comply with the European Union’s Markets in Crypto-Assets Regulation (MiCA) by the end of 2024. The move comes as the EU tightens control over the cryptocurrency sector, and firms like Coinbase adjust their offerings to meet the new standards. On October 4, Coinbase confirmed that its European Economic Area (EEA) users will no longer have access to stablecoins that don’t meet the regulation’s requirements. However, they will have the option to convert their holdings to compliant stablecoins. While Circle, the issuer of USD Coin (USDC) and Euro Coin (EURC), secured an Electronic Money Institution license in July 2024, becoming the second-largest stablecoin issuer in the region, Tether—the largest stablecoin issuer—has not yet obtained the necessary license. “Given our commitment to compliance, we intend to restrict the provision of services to EEA [European Economic Area] users in connection with stablecoins that do not meet the MiCA requirements by December 30, 2024,” Coinbase said in a statement. MiCA, which took effect in June 2024 for stablecoin issuers, mandates that all stablecoins in the EEA hold an e-money license from an EU member state. This could affect major tokens like Tether’s USDT, which may be forced off Coinbase if it doesn’t obtain the necessary authorization. As the deadline for MiCA compliance approaches, other exchanges such as OKX, Bitstamp, and Uphold have also taken steps to limit noncompliant stablecoins. Meanwhile, Binance plans to impose restrictions on the availability of stablecoins in the European Union (EU) that are deemed “unregulated” under the EU’s new Markets in Crypto-Assets Regulation (MiCA). The exchange said could ultimately delist stablecoins from its European platforms. Marina Parthuisot, who serves as the head of legal at Binance France, cited the lack of approved stablecoin projects in the region ahead of the upcoming European Union’s Markets in Crypto Assets (MiCA) regulation. There is no grace period specified for coins already on the market under this regulation, potentially leading to massive delistings. MiCA was finalized back in June, and it’s set to make the EU the first major jurisdiction with comprehensive cryptocurrency regulations. It will allow exchanges and wallet providers to operate throughout the EU with just one license. However, the implications of this regulation for stablecoins and decentralized projects remain uncertain.

WTI crude oil can be expected to rise further toward the next round resistance level 76.00 (which stopped the earlier short term correction iv in August). – WTI broke resistance zone – Likely to rise to resistance level 76.00 WTI crude oil recently broke the resistance zone located at the intersection of the key resistance level 72.00 (which stopped wave 1 in September, as you can see from the daily WTI chart below), 38.2% Fibonacci correction of the downward impulse from July and the resistance trendline of the daily down channel from the start of July. The breakout of this resistance zone accelerated the active short-term impulse wave 3, which is a part of the higher order impulse wave (3) from the start of September. Given the strongly bullish crude oil sentiment seen across the commodities markets today, WTI crude oil can be expected to rise further toward the next round resistance level 76.00 (which stopped the earlier short term correction iv in August). WTI 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.

Scope Prime, the institutional liquidity brand and subsidiary of Rostro Group, continues its hiring spree, having announced the appointment of Gaby Kanj, the Cyprus-based FX/CFD industry veteran who previously was Managing Partner at CFI Financial Group for nearly nine years. Gaby Kanj is also Chairman of Bakara Invest, the financial market data and technology solutions firm providing real-time market data feed for online trading platforms.  In addition to having held senior roles in multi-asset brokerages operating from both the Middle East and Cyprus, Gaby has also acted as a consultant and advisor to multiple financial institutions and online trading platforms. “Significant value-add to the MENA team at Scope Prime” With over thirty years of industry experience focusing on Middle East and North African markets, Gaby will now strengthen Scope Prime’s existing client relationship team in the region. Daniel Lawrance, CEO of Scope Prime, commented: “Gaby brings with him a wealth of industry, product, and regional experience that will provide significant value-add to the MENA team at Scope Prime. “We are working with a growing number of financial institutions in the area and are receiving ever more complex requests for assistance as more entities gain a fuller understanding of what we do. Gaby’s extensive first-hand experience will be invaluable both for us and the companies we work with.” Gaby Kanj, Head of MENA at Scope Prime, added: “I’m delighted to be joining Scope Prime at a time when the company is going through a rapid phase of expansion. Both the global footprint and the development of a highly sophisticated tradable universe of assets reflect the company’s desire to innovate and I’m confident that my market experience will support these goals.” Scope Prime is the brand name used by RS Global Ltd, a company authorized and regulated by the Financial Services Commission of Belize (“FSC”) under the Securities Industry Act 2021 with registration number 000274/19. Scope Prime snatched Lochlan White from 26 Degrees Scope Prime yesterday announced the surprising appointment of Lochlan White as Chief Commercial Officer. Closely linked to 26 Degrees, formerly known as Invast Global, for more than a decade, White will now bring his profound experience in the field of institutional liquidity to Rostro Group’s institutional liquidity arm. Based in Limassol, Lochlan White will be working with the Scope Prime teams across the globe and helping them engage with counterparties who are looking to access the PoP broker’s portfolio of liquidity, which currently covers more than 40,000 different assets, instruments, and markets. Scope Prime also recently appointed Andrew Taylor as head of APAC and Miranti Rostian as head of South East Asia as the institutional broker aims to further strengthen its ties across the region. The company has made public its plans to announce further appointments across the globe in the coming months as the business continues to identify new growth markets.

Kraken has announced the launch of a regulated derivatives venue in Bermuda, having secured a BMA license in the jurisdiction to provide a crypto derivatives trading offering to users. From Bermuda, Kraken will initially offer perpetual and fixed maturity futures against a diverse range of collateral options, including fiat currency and more than thirty cryptocurrencies. Derivatives for hedging, cross-margined exposure, yield and arbitrage Licensed by the Bermuda Monetary Authority, Kraken will offer derivatives trading round-the-clock covering more than 200 different contracts. Clients in eligible jurisdictions will have access to the BMA-licensed venue via Kraken’s high-performance APIs as well as web and mobile platforms. Shannon Kurtas, Head of Trading at Kraken, said: “Derivatives now account for the majority of total crypto trading volumes. Clients use derivatives for capital-efficient hedging, cross-margined exposure, as well as yield and arbitrage opportunities, among others. Providing our clients with the ability to trade derivatives securely and efficiently means they can take advantage of these diverse opportunities more easily as we anticipate continued growth in derivative volumes and open interest.” Edward David Burt, Bermuda’s Premier, commented: “We are pleased to welcome Kraken to Bermuda and in joining our growing market of BMA licensed digital asset businesses. Since 2017, we set out on a mission to provide regulatory clarity for digital asset businesses which uphold our jurisdiction’s standards in compliance and risk management. We are happy to see global businesses like Kraken recognizing Bermuda as a premier jurisdiction for digital finance.” Kraken leverages Copper.io to bypass blockchain and network fees Kraken recently partnered with Copper to provide off-venue settlement for institutional clients. Through ClearLoop, Copper enables clients to delegate funds and trade virtual balances on exchange, with settlements occurring on Copper’s infrastructure. ClearLoop’s exchange network includes eleven live exchanges: Kraken MTF, OKX, BYBIT, Deribit, BIT, Gate.io, BITFINEX, Bitget, PowerTrade, Bitstamp, and Bitmart. Institutional clients can trade on Kraken MTF using ClearLoop, providing clients with access to a crypto derivatives venue that trades round-the-clock, and enabling them to effectively manage risk and hedge their positions in a derivatives market that operates 24/7/365. ClearLoop empowers institutional investors by allowing them to delegate assets instantly, improving capital efficiency and streamlining the process, making collateral more agile and responsive to market dynamics. Trades settle directly on Copper’s infrastructure, bypassing the blockchain level and the corresponding network fees. ClearLoop provides secure and efficient collateral management with optimized operational workflows.

Exness, one of the world’s leading brokers, is taking significant strides to expand its influence in the Middle East and North Africa (MENA) region by announcing its participation as an Elite Sponsor at the highly anticipated Forex Expo Dubai 2024. This prestigious event is scheduled to take place on October 7-8, 2024, at the renowned Dubai World Trade Centre. By securing an Elite Sponsorship, Exness reaffirms its long-term commitment to the MENA market, a key area of focus for its growth and innovation strategy. Forex Expo Dubai 2024 stands as one of the largest and most influential events within the global financial and trading industry, drawing participation from more than 18,000 visitors. These include traders, brokers, and industry professionals from across the world, all converging to share knowledge, discover new technologies, and discuss trends in the financial markets. The event serves as a dynamic platform where Exness will showcase its cutting-edge products and trading solutions specifically designed to meet the unique needs of MENA traders. With its role as an Elite Sponsor, Exness is positioned to leverage this opportunity to introduce its comprehensive range of services, innovative technologies, and customer-centric offerings to a broader audience. The company’s participation highlights its vision of empowering traders in the MENA region by providing them with superior access to global markets through its proprietary trading platform. Attendees will have the opportunity to engage with Exness representatives and explore how the broker’s advanced trading tools can enhance their trading experience. A standout feature of Exness’ involvement in Forex Expo Dubai 2024 will be a keynote presentation by Negin Negahdari, Senior Business Development Manager at Exness. Negahdari will deliver a compelling talk on “The Physiology of Trading,” which delves into the often-overlooked psychological aspects of trading. Her insights will explore how traders can optimize their mindset, manage stress, and improve decision-making processes to maximize their chances of long-term success. This focus on the psychological side of trading distinguishes Exness as a broker that cares not only about technology but also the well-being and success of its clients. Mohammad Amer, the Regional Commercial Director of Exness, expressed his excitement about the sponsorship and the company’s future in the region: “We are thrilled to be an Elite Sponsor of Forex Expo Dubai 2024. The MENA region is a key market for Exness and this event provides us the platform to showcase our innovative offerings and reaffirm our commitment to the region. We are excited to share our vision and contribute to the discussions about the future of the financial markets.” Exness has long been at the forefront of innovation in the financial markets, offering a seamless and frictionless trading experience through its advanced proprietary platform. The broker’s commitment to transparency, ethical trading, and client protection is reflected in the various market protections it offers, such as negative balance protection and instant order execution. These features ensure that traders can operate in a safe and regulated environment, further positioning Exness as a preferred broker for both novice and professional traders alike. In addition to its market-leading platform, Exness places a strong emphasis on customer support and education. As part of its efforts to engage the MENA trading community, Exness frequently organizes educational webinars, in-depth market analysis sessions, and live trading demonstrations. The broker also offers tailored solutions for traders in the region, including multi-lingual customer support and localized payment methods that cater specifically to the MENA market’s needs. By participating in Forex Expo Dubai 2024, Exness not only strengthens its relationship with the local trading community but also continues to set the benchmark for excellence in the global trading industry. With its dedication to combining state-of-the-art technology with ethical business practices, Exness is poised to lead the way in shaping the future of the financial markets in the MENA region and beyond. For traders attending the event, Exness’ booth promises to be a must-visit destination, offering demonstrations of the broker’s innovative tools, discussions on market trends, and insights from leading industry experts. The company’s focus on both technology and client well-being makes it a trusted partner for traders who seek more than just a platform—they seek a community dedicated to helping them succeed in the competitive world of trading.

RADEX MARKETS has partnered with Pelican Trading to add social trading to the Forex and CFD brokerage’s offering. Pelican Trading is an all-in-one mobile app providing access to over 5,000 community strategies. It integrates trading, copy trading, and networking into a single platform. RADEX is a trading name under GO Markets International Ltd Co, a Seychelles-based FX and CFD broker authorized with Securities Dealer Licence No SD043. 5,000 trading strategies to choose from By tapping Pelican Trading, RADEX MARKETS is effectively providing an integrated auto-copy service that features a collaborative social trading environment, user-centric design, and expanded market access. The FX and CFD broker now offers advanced auto-copying technology, enabling traders to follow and learn from successful strategies. The joint effort has produced robust social trading capabilities, fostering a community where traders can connect, share insights, and grow together. The platform delivers an intuitive interface suitable for traders of all experience levels and offers a comprehensive range of financial instruments, including forex and CFDs. “Copy trading extends our reach to outstanding strategies from around the world” Henry Huang, Head of Marketing at RADEX MARKETS, said: “We’re thrilled to partner with Pelican Trading to bring this innovative platform to our clients. RADEX MARKETS has been committed to providing the best trading environment for beginners and professional traders alike. “Through our partnership with Pelican Trading, we’re elevating our service to another level. The copy trading service doesn’t limit trading within our brokerage but extends our reach to outstanding strategies from around the world.” The copy trading platform is set to officially launch on 9 October 2024, with a soft launch available now, allowing early access to select users for final testing. RADEX previously launched RM SOCIAL In August, RADEX MARKETS launched RM SOCIAL, a new social trading service designed to connect experienced traders and investors. RM SOCIAL features a comprehensive public rating system to enable users to browse through a wide range of strategies published within the community. The social trading platform also features a distinctive strategy portfolio tool that can be leveraged to pinpoint strategies that align precisely with their specific requirements on RM SOCIAL’s public rating. RM SOCIAL enables users to explore signals and traders that align with their expectations and risk appetite. Once the copy trade feature is enabled, the user’s trading account will automatically replicate trades, thereby simplifying trading and enhancing efficiency and effectiveness. On the other hand for strategy providers, RM SOCIAL presents an opportunity to earn additional income. By submitting their trading portfolios to their profiles, strategy providers can make their strategies visible to all users within the community. This visibility attracts more investors to follow and copy their trades, thereby increasing their potential earnings. GO Markets leverages Currencycloud for cross-border payments GO Markets recently partnered with cross-border payments specialist Currencycloud to streamline operations, offer a cost-effective service, and open doors to new global trading opportunities for its clientele. Through the integration of Currencycloud’s APIs, GO Markets can facilitate a seamless and cost-effective service, elevating the trading experience for its diverse global clientele. This partnership not only enhances the speed and accuracy of transactions but also provides an avenue for traders to tap into a virtual multi-currency account, expanding their funding and withdrawal options. One of the standout features of this collaboration is the automated upload of funds enabled by the Currencycloud platform. This automation significantly accelerates and simplifies the reconciliation process, minimizing errors and delays. With access to a range of local and SWIFT payment rails, GO Markets is well-positioned to offer its clients a convenient and efficient way to manage their trading funds. This collaboration represents a step towards revolutionizing the traditional operational landscape of financial trading. The integration of Currencycloud’s APIs introduces real-time FX liquidity to GO Markets’ trading ecosystem. This real-time access to competitive FX rates empowers traders with a competitive edge by enabling them to execute transactions at favorable rates. Additionally, the availability of such a feature aligns with GO Markets’ commitment to offering a best-in-class trading experience, encompassing the ability to trade across multiple markets with confidence and agility. GO Markets selected Options Technology for market data in Asia Last year, GO Markets selected Options Technology as its primary market data provider for GO Markets in Asian Markets. GO Markets chose Options for its risk monitoring, data management, and infrastructure. The strategic partnership with Options Technology will begin with the provision of Hong Kong Stock Exchange data and the redistribution of derived CFD products (Contracts for Difference) to provide a layer of diversification and flexibility for traders seeking new opportunities in the region. The partnership started with Hong Kong but will expand across South East Asia. GO Markets chose Options as its underlying market data provider due to its advanced risk monitoring capabilities, efficient market data management, and globally leading infrastructure. By leveraging Options’ ACTIV normalized data as the primary technology partner, GO Markets aims to enhance its offerings and provide clients with unparalleled insights and opportunities in the region. Technology facilitates trading at hundreds of venues worldwide with fully managed infrastructure and connectivity available in conjunction with the firm’s private financial cloud services, which combine hosting with direct market access, TCO reduction, and best-in-class resiliency and security.

Trading Technologies (TT) has announced the launch of Platform Services, a business unit that brings together the company’s global Product Development and Services teams into a single group. To head the newly integrated division, TT appointed Jason Shaffer as Chief Platform Officer. The move follows the recent departure of Vasco Sousa, who served as Chief Services Officer for nearly two years, helping develop the services team and processes. The announcement of the newly created business unit is part of Trading Technologies’ revamping efforts, which saw the company establish six lines of business – Futures & Options, Fixed Income, FX, Data & Analytics, Compliance and QTS (Quantitative Trading Solutions) – at the start of the year. Setting up the Platform Services unit completes the reorganization. Keith Todd, CEO of Trading Technologies, said: “TT is an enterprise platform business delivering its array of functionality to support capital markets trading firms. This business unit will provide the core platform on which the lines of business will build features and run all operational services. The platform, which has already handled more than 2.5 billion transactions in 2024, is the foundation of and accelerant for our current and future lines of business.” TT’s two novel business lines: TT Compliance and TT QTS It was in late 2023 that TT announced its plans to introduce two novel business lines, TT Compliance and TT Quantitative Trading Solutions (QTS) to expand the company’s influence in new asset classes. The decision came on the heels of recent acquisitions, namely Abel Noser Solutions in August 2023 and RCM-X in March 2022. TT Compliance capitalizes on TT’s established TT Score trade surveillance, originally designed for exchange-traded derivatives, and Abel Noser’s Compliance+ solution, predominantly utilized for U.S. equities. TT QTS leverages TT’s acquisition of RCM-X that enhanced its quantitative trading solutions. This includes the introduction of TT Premium Order Types last year, featuring advanced algorithmic execution strategies based on RCM-X’s technology. This business line will offer a comprehensive suite of multi-asset algorithmic trading tools, including solutions for fixed income trading, starting with U.S. Treasuries. TT also integrated START, a trade optimization platform from Abel Noser LLC, into the TT platform as part of TT QTS. TT’s introduction of these two new units was part of a larger reorganization into six distinct business lines, each aimed at addressing specific multi-asset needs. These include TT Futures & Options, TT Fixed Income, TT FX, TT Data & TCA, TT Compliance, and TT QTS, each led by industry experts. All business line leaders will report to Justin Llewellyn-Jones, who joined join TT as COO earlier this year. Nick Garrow, who transitioned to the role of Chief Revenue Officer, oversees revenue generation across all units and regions, focusing on tailored strategies for each business line and client segments in the Americas, EMEA, and APAC regions.

Retail FX broker Tauro Markets has appointed industry veteran Carla Nemr as its chief commercial officer (CCO) with immediate effect. “We have the right tools and people at Tauro Markets, but real success will come from turning these strengths into commercial achievements. My role is to make sure we have a clear plan that helps us grow steadily, focusing on practical steps that will lead to lasting success. I’ll be working to align our technology, operations, and market strategy to help Tauro Markets stand out worldwide,” Carla Nemr said in a statement to FinanceFeeds. Carla lands at Tauro Markets after having worked with an array of FX brokers across her lengthy career that dates back to 2001. She served most recently at London-based retail brokerage Tickmill where she spent seven years as the group’s chief business development officer. Her tenure at Tickmill included overseeing international sales teams, developing client relationships, and improving operational efficiency. She was instrumental in enhancing the company’s global presence. Carla originally joined Tickmill back in 2017 as its global head of business development. Prior to that, a two-year tenure as Regional Sales Manager at Amana Capital took her career between 2015 and 2017, where she managed sales teams, boosted revenues, and strengthened client relationships across key markets. Additionally, she has held positions at Falcon Brokers and Alpari FS, gaining experience in account management, sales strategy, and business development. Other stops include working as a regional sales representative and account service manager at ForexTime Limited, the CySEC-regulated arm of Andrey Dashin’s FXTM brand. Carla has originally ventured into the FX industry back in 2009 with FxPulp. Tauro Markets is the trading name of JM Financial Services Co., authorized by the Ministry of Commerce in Kuwait. Additionally, Tauro Markets is operated by JM Financial L.L.C., a brokerage firm providing Forex and CFD trading services based in Saint Vincent and the Grenadines. With over two decades of experience in senior roles at financial trading firms, Carla has hands-on industry expertise across different jurisdictions. Her main responsibilities will include developing and implementing commercial strategies that align with the company’s overall goals and objectives in existing and new markets. “Customer base and retention will be the most crucial success factor for the brokerage of the future. We’re excited to collaborate with Carla in building the commercial structures and capabilities that will position Tauro as a leading player in the coming years,” a Tauro Markets representative told FinanceFeeds.

Transak secures its first Money Transmitter License (MTL) in Alabama, paving the way for expanded cryptocurrency services across the U.S. This achievement strengthens Transak’s regulatory framework and enhances secure crypto transactions for users. Transak is excited to announce that it has secured its first Money Transmitter License (MTL) from the Alabama Securities Commission. This marks a major step in Transak’s mission to provide secure, accessible cryptocurrency services across the United States. The new license reinforces the company’s commitment to regulatory compliance and positions Transak to build a strong and compliant infrastructure within the U.S. crypto market. With this Alabama license, Transak demonstrates its dedication to operating within a well-defined regulatory framework, essential for long-term success in the U.S. market. Currently, Transak facilitates cryptocurrency purchases in 46 states, and this latest milestone further underscores the company’s efforts to make crypto services more accessible to users across the country.  The newly acquired license is available for public viewing through the Nationwide Multistate Licensing System (NMLS) under NMLS ID: 2362652. As a registered Money Service Business with FinCEN, Transak aims to secure additional money transmitter licenses throughout the U.S. This will enable the company to offer an expanded range of cryptocurrency services to both users and partners. By obtaining these licenses, Transak can deliver faster transactions, enhanced customer support, and an overall improved experience for users engaging in crypto purchases. For users looking to buy cryptocurrency, the Alabama Money Transmitter License means enhanced security and transparency. By operating as a state-licensed Money Transmitter, Transak ensures that all transactions comply with financial regulations, providing users with the confidence that their crypto transactions are conducted securely and responsibly.  “Obtaining the Money Transmitter License in Alabama showcases the teams’ commitment to compliance and Transak’s mission to make cryptocurrency accessible and secure for everyone. Our aim is to acquire licenses in every state, ensuring that users experience the highest standards of security, speed, and reliability when transacting with cryptocurrencies,” said Bryan Keane, Compliance Officer at Transak. This license signals Transak’s intention to maintain legal and financial compliance in the U.S. crypto market while enhancing its payment capabilities. It also highlights the importance of regulatory oversight in markets like the U.S., where strong consumer protections and compliance are crucial for building trust in cryptocurrency services. Decentralized applications (dApps) that integrate Transak’s services will benefit from this development by offering their users smoother, more compliant crypto transactions in Alabama. As Transak continues to expand its licensing, these platforms will attract a broader user base, especially those who prioritize regulatory compliance and trust. As the leading web3 payments infrastructure provider, Transak serves over 5.7 million users in more than 160 countries. The U.S. remains a key market for the company, and this license is part of a broader effort to secure regulatory approval in additional states. This will allow Transak to offer a more comprehensive cryptocurrency experience to users and partners alike, including larger cryptocurrency options, faster service, and a stronger partnership network. By obtaining more licenses, Transak will be better positioned to meet the evolving needs of the U.S. market. This adaptability will allow Transak to deliver the kind of experience that discerning crypto and financial services customers expect—services that are backed by the same level of regulation and consumer protection as traditional financial institutions. “The U.S. is one of our largest markets, and we are committed to delivering the best possible services here. Securing state licenses like this one is essential to achieving that goal.” said Sami Start, CEO of Transak. Transak now enables cryptocurrency purchases in 46 states, with more licenses expected in the near future. This expansion will help Transak continue to lead the charge in providing secure, compliant, and accessible crypto services across the U.S. About Transak Transak is a leading provider of compliant Web3 payments infrastructure, serving over 5.7 million users in more than 160 countries. It supports over 350 platforms by offering API-driven solutions for fiat-crypto on/off-ramp services, NFT checkout, and more. Transak simplifies KYC, compliance, payment processing, and customer support, making digital asset transactions seamless for users. Headquartered in Miami, Florida, and incorporated in Delaware, Transak operates globally with a tech hub in Bengaluru and offices in key locations such as London, Milan, Dubai, and Hong Kong. For more details, visit Transak or follow us on X and LinkedIn.

Global bank messaging network SWIFT is planning conduct live trials for digital asset and currency transactions across its global network, which connects over 11,500 financial institutions worldwide. Starting next year, the trials are set to take place in North America, Europe, and Asia, the first time SWIFT pilots real-world transactions involving digital assets and currencies. SWIFT has previously tested blockchain transactions in controlled environments. However, the upcoming trials will use an upgraded infrastructure capable of handling both digital and traditional currency transactions across borders. The trials seek to show how financial institutions can transact seamlessly between different types of assets and currencies using their existing SWIFT connections. The initiative builds on SWIFT’s recent experiments with web3 services firm Chainlink, where they showed how SWIFT could act as a single access point for multiple public and private blockchain networks, including those used for tokenized assets and central bank digital currencies (CBDCs). SWIFT’s head of innovation, Tom Zschach, said: “For digital assets and currencies to succeed on a global scale, it’s critical that they can seamlessly coexist with traditional forms of money. With our vast global reach, we are uniquely positioned to bridge both emerging and established forms of value, and we’re now focused on demonstrating this in real-world, mainstream applications.” Zschach added that a key goal of the trials is to address the lack of interoperability among various digital platforms, which SWIFT sees as a barrier to the widespread adoption of new forms of value. SWIFT also plans to launch a new platform within the next one to two years to connect central bank digital currencies (CBDCs) currently under development with the existing financial system. With around 90% of the world’s central banks exploring digital versions of their currencies, there is a push not to fall behind the advancements made by bitcoin and other cryptocurrencies. However, technological complexities pose a challenge. SWIFT highlighted that the network’s latest trial, which included a diverse group of 38 central banks, commercial banks, and settlement platforms. The joint effort focused on interoperability among different CBDCs, even if they are built on varying technologies. The trial also explored the potential for CBDCs to be used in complex trade or foreign exchange payments and for transactions to be automated, which could expedite processes and reduce costs. The successful results have prompted SWIFT to consider productizing the new platform within the next 12-24 months, moving from experimental stages to reality.  

Euroclear, together with The World Gold Council, and global law firm Clifford Chance, have been part of a collaborative initiative to tokenize gilts, Eurobonds, and gold. The tokenization of gold has seen increased demand as the growth and use of gold as a traded asset show no signs of abatement, with the average daily trading volume in 2023 reaching $162 billion worldwide. Sovereign Gilts and Eurobonds offer a deep pool of high-quality liquid assets. As of mid-2023, the total market of Gilts in the UK amounted to nearly GBP 2.4 trillion, with over EUR 12.97 trillion of outstanding Eurobond issuance. A digital twin of gold, Eurobonds, and gilts The broad group of pilot participants, which included investors, banks, CCPs, custodians, and a central securities depository, aimed at exploring how tokenized assets on a blockchain can enhance collateral mobility, improve liquidity, and increase transactional efficiency. Providing the necessary infrastructure, applications, and connectivity for market participants to test complex business scenarios was Digital Asset, which recently helped develop Canton Network Pilot earlier this year. The Canton Network Pilor established the foundation for composable applications across a global economic network. In this new pilot, a series of independent Canton blockchains used the Global Synchronizer to interoperate and execute atomic transactions. Participants remained in complete control of their permissions, exposures, and interactions. The program, which took place over June and July, involved 27 market participants and used 14 Canton nodes. Five types of cross-application transactions were connected using 11 distributed applications, including six registry apps and five margin apps, with 500 transactions completed. The collaboration demonstrated the ability to create a digital twin of these previously immobile real-world assets (RWAs) and use those tokenized assets as collateral in atomic, real-time transactions. “Tokenized assets can be used with immediate effect to meet intraday margin calls outside of normal settlement cycles” Olivier Grimonpont, Head of Product Management, Market Liquidity, Euroclear said, “We recognize the immense value in industry experimentation to showcase the advantages of DLT for the market. As we strive to deliver even better and faster collateral mobilization for our clients, digital technologies like DLT will be key enablers for us to achieve this.” Kelly Mathieson, Chief Business Development Officer at Digital Asset, said: “This signals another step forward in the development and adoption of tokenized assets in collateral management, creating a more mobile operating model across different parties. Our work with the pilot participants has demonstrated that tokenized assets can be used with immediate effect to meet intraday margin calls outside of normal settlement cycles, processing times, and time zones. It also demonstrated how the ledger can serve as the legal record and has validated the secured party’s control over the digital twin and real-world assets received as margin or collateral in the event of a counterparty default.” Mike Oswin, Global Head of Market Structure and Innovation at the World Gold Council, commented: “By digitising gold, we can overcome the perceived restrictions on moving and storing the physical metal, enabling this high-quality asset to be mobilized and used seamlessly within financial markets. To achieve this, the tokenization process must be able to specify a Standard Gold Unit (SGU) that represents and transfers the monetary value of an agreed amount of pure gold. An attributes record can be created as a secondary token that will maintain details of the gold bars collateralized in the ecosystem. This would enable all physical gold of trusted integrity to be utilised as financial collateral, irrespective of its physical attributes and location.” “As an operational and record-keeping tool rather than an asset” Paul Landless, Co-Head of Fintech and a Tech Group Leader at Clifford Chance, said: “With certain approaches and platforms, a digital twin is not a separate asset and so the impact for master agreements, trading relationships, close-out processes, and valuation approaches are minimised, but it is always important to ensure the digital twin is catered for and reflected into existing product and platform documentation. “As an operational and record-keeping tool rather than an asset, some of the legal and regulatory issues can be reduced while avoiding extensive surgery or a wholesale reset of established product and asset documentation.”

FastTrade, the Smart Order Routing (SoR) system operated by ION’s LIST, has enhanced its services by adding new equity trading mechanisms from Cboe Europe. Customers of LIST can now access Cboe’s Dark and Periodic Auction Books, which are the largest in their categories, alongside existing connectivity to the exchange’s Lit Order Books. This upgrade also introduces sweep functionality, allowing clients to access multiple Cboe order books with a single order, potentially improving size and price opportunities. “It will help strengthen Cboe’s presence in the Italian market” Cboe Europe is the leading pan-European stock exchange by value traded and market share, providing access to stocks from 15 European countries. It offers an extensive range of trading services tailored to meet execution needs for speed, size, and price improvement. Additionally, LIST’s customers will benefit from Cboe’s new retail-focused tariff for its Lit, Dark, and Periodic Auctions Books, which offers free executions for retail-attested orders sent directly by retail brokers. Cboe plans to launch a retail liquidity provider solution in early 2025, pending regulatory approvals. Alex Dalley, Head of Cboe Netherlands, Cboe Europe, said, “We are excited that ION’s LIST solution has expanded access to our full range of equity trading execution mechanisms. It will help strengthen Cboe’s presence in the Italian market, particularly among its retail community, and enable LIST’s customers to benefit from better execution outcomes.” Alvise Insalaco, CEO of LIST, said, “The enhancement of our trading platform again demonstrates our commitment to innovation. We are dedicated to delivering cutting-edge solutions that ensure the best execution for client orders across both lit and dark venues.”

T. Rowe has gone live and is in production using Propellant Digital’s extensive fixed income transparency data offering via FlexTrade’s EMS, FlexFI. The global investment management firm deployed Propellant Digital’s technology platform to better extractin value from growing volumes of European and US transparency data in today’s increasingly electronified bond trading environment. T. Rowe Price’s fixed-income trading teams now can view a comprehensive dataset, utilizing Propellant’s analytics, within the FlexFI Order Blotter. This includes pre-trade data such as real-time market activity, historical trade prices, and aggregated trade volumes. The fixed income teams will also benefit directly from increased transparency enabled by the EU and UK transparency improvement coming into effect in 2025. Users can enhance trading strategies, streamline workflows, and make more informed decisions without leaving the context of their fixed-income trading blotter. “We look forward to working with them as their offering further evolves” Matt Murphy, Fixed Income Electronic Trading and Market Structure Specialist at T. Rowe Price Associates, Inc., stated: “We’re pleased to be in production with Propellant Digital, which will arm our trading teams with an extensive source of pre-trade data. One of the drivers for using FlexTrade’s FlexFI as our fixed-income EMS is ensuring that our bond trading teams can bring in new sources of pre-trade data into the order blotter to provide the aggregated view they need to navigate a constantly changing market landscape. Our deployment of Propellant’s new analytics offering illustrates this, and we look forward to working with them as their offering further evolves.” Vincent Grandjean, CEO at Propellant Digital, noted: “We’re delighted to work with FlexTrade to deliver Propellant’s innovative technology solution to T. Rowe Price Associates, Inc. and its global fixed-income team. The extensive and sophisticated nature of our analytics technology is unlike any other offering in the market. Consequently, we are seeing rapid uptake from the industry regarding adoption and deployment. The insights that T. Rowe will leverage via Propellant deliver value to multiple business areas, putting its trading team in a position to optimize its truly data-driven approach to bond trading.” Andy Mahoney, Managing Director, EMEA at FlexTrade: “The ability to aggregate multiple sources of market, pricing, and trading data into a single view is one of the key drivers for adopting a fixed-income EMS. With sources of pre-and post-trade data ever-increasing in richness, volume, and complexity, it’s now becoming paramount that bond trading desks adopt a fixed-income EMS rather than managing this data manually. By doing so, innovative offerings like Propellant can be quickly incorporated via API into workflow and decision-making. Moving forward, the technological capability of firms to handle data effectively in fixed income will create a clear delineation between those in the market with a fixed-income EMS and those without.”

GBPUSD currency pair can be expected to fall further toward the next round support level 1.3000 (which stopped the earlier short term correction ii). – GBPUSD broke support zone – Likely to fall to support level 1.3000 GBPUSD currency pair under the bearish pressure after breaking through the support zone located at the intersection of the key support level 1.3200 (former resistance from the start of September, as you can see from the daily GBPUSD chart below), and the support trendline of the daily up channel from the start of August. The breakout of this support zone accelerated the active short-term correction 2, which is a part of the higher order impulse wave 3 from the start of August – which, in turn, belongs to wave (C) from April. Given the strongly bullish US dollar bearish sentiment that can be seen across the currency markets today, GBPUSD currency pair can be expected to fall further toward the next round support level 1.3000 (which stopped the earlier short term correction ii). 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.

Scope Prime, the institutional liquidity brand of Rostro Financial Group and sister company of Scope Markets, has announced the appointment of Lochlan White as Chief Commercial Officer. The executive move undoubtedly comes as a surprise as Lochlan White has been closely linked to 26 Degrees, formerly known as Invast Global, for more than a decade. Two years ago, he was promoted to EMEA CEO as the Prime of Prime broker worked its way into a CySEC-regulated office. Lochlan White to help Scope Prime teams engage with counterparties From now on, it is Scope Prime that will leverage Lochlan White’s profound experience in the field of institutional liquidity, having previously worked in both Australia and Europe. Based in Limassol, Lochlan White will be working with the Scope Prime teams across the globe and helping them engage with counterparties who are looking to access the PoP broker’s portfolio of liquidity, which currently covers more than 40,000 different assets, instruments, and markets. Scope Prime, which is the brand name used by Belize’s FSC-regulated entity RS Global Ltd with registration number 000274/19, was voted best all-round liquidity provider in the annual B2B Global Forex Awards a few months ago. “Adding Lochlan as CCO will be instrumental” Daniel Lawrance, CEO of Scope Prime, commented: “In recent months we have been making a series of senior hires globally as we look to grow our institutional liquidity offering. Adding Lochlan as CCO will be instrumental in ensuring the team can operate within a robust framework, allowing even more institutional counterparties to connect with our liquidity pools in a seamless manner.” Lochlan White, CCO of Scope Prime, added: “The mission at Scope Prime to go out and actively develop new markets, is something that truly excites me. In addition to the full-service proposition, ranging from market data to execution, liquidity, and reporting, it’s the desire to push into new territories with innovative trading instruments that sets Scope Prime apart. I look forward to working with Dan and the team in the months and years ahead.” Scope Prime on a hiring spree Scope Prime recently appointed Andrew Taylor as head of APAC and Miranti Rostian as head of South East Asia as the institutional broker aims to further strengthen its ties across the region. The company has made public its plans to announce further appointments across the globe in the coming months as the business continues to identify new growth markets. In the meantime, Scope Prime teamed up with Centroid Solutions, integrating its API into Centroid’s platform. This way, Centroid’s clients can tap into Scope Prime’s extensive liquidity pools, while Scope benefits from Centroid’s technology for optimizing liquidity management and improving operational efficiency. Centroid Solutions provides a wide array of services to brokerage firms. The company also delivers tailored solutions to crypto exchanges seeking improved risk visibility, including a proprietary bridge solution for connectivity. Its Centroid 24 risk management suite collects data and produces conclusions that help brokers understand their profitability on both A-book and B-book models of operation.

IXOPrime has reportedly seen significant growth in 2024, with KPI performance metrics reflecting the wider INFINOX brand success throughout the year. INFINOX announced its institutional division achieved a 157% increase in Deposits and a 57% in volume traded, highlighting the accelerating traction among Brokers and Institutional Clients. “We have had constructive feedback from our clients and are clear on where we can do better” Jay Mawji, CEO of INFINOX, said, “We are particularly proud of our IXOPrime product. Our competitive nature at INFINOX manifests in us providing a premium product on every front: pricing, operations, technology, 24/7 support and fostering strong relationships – this is the INFINOX standard.” Lee Holmes, who recently returned to INFINOX, said: “At IXO Prime, we’ve built our success on strong, personal relationships with our partners, this value add allows us to do our best work for our clients and ensure we add a value that goes beyond a set of metrics. We’re not here to chase a single metric. We focus on the larger picture, assisting our partners in increasing revenue in ways they may not be aware of.” Moe Padhani, Head of Sales & Commercial at INFINOX, commented: “We have had constructive feedback from our clients and are clear on where we can do better; paired with our vision and some incredible work by the teams, there is a strong confidence that we can produce the results in 2025 that match our ambition.” A whole-of-market approach IXO Prime defends its strong relationship with clients, which creates the necessary environment for optimization that yields competitive pricing and execution plus increasing the $pm revenue from order flow. Its enhanced trading technology has allowed IXOPrime to go even further by providing pricing and execution models that underpin the benefit of executing with them. IXO Prime allows clients to engage in a whole-of-market approach, accessing the most efficient combination of pricing and market depth to maximize revenue from order flow. Trading data and order maximization mean that clients can be directed to suitable venues, ultimately providing a strong product offering to their clients. INFINOX on its 15th birthday INFINOX is celebrating its 15th anniversary, having started in a small London office only to become a global powerhouse with a footprint that extends far beyond its London roots, with a significant presence in Latin America, the Middle East, and Asia. The brokerage firm’s staff represents more than 30 nationalities and over 40% of leadership roles are held by women, which further shows INFINOX’s drive toward diversity and inclusivity as part of its company culture. The FX/CFD broker believes its rise to prominence has much to do with its strong regulatory foundation, being regulated by the FCA, FSC, and SCB, which ensures high standards of governance. In its 15th anniversary, INFINOX announced the return of Lee Holmes to its senior management team to fuel the brokerage company’s further growth and international expansion. INFINOX hired Mayne Ayliffe to lead HR Earlier this year, INFINOX hired Mayne Ayliffe as Global Head of HR, based in Dubai and overseeing the Group’s Human Resources function. A seasoned HR professional with a decade of experience across the finance and professional service industries, Ayliffe has a strong track record of leading HR teams, driving organizational growth, and fostering a positive and productive work environment. Her wealth of expertise includes previous leadership positions at prestigious organizations such as Equiti Group, Commercial Bank of Dubai, and PwC. Equiti Group, a direct competitor of INFINOX, hired Ayliffe as Global HR Projects & Business Partner in 2020, a role she played until August 2022. INFINOX sponsors BWT Alpine F1 Team and the Alpine Endurance Team INFINOX recently became a sponsor of the BWT Alpine F1 Team and the Alpine Endurance Team, as part of its 15th anniversary celebration. The brokerage firm is now the Official CFD Global Trading Partner of the two sports team managed by Alpine, the Enstone-based Formula One team which competes in the Formula One World Championship. This strategic alliance will officially debut at the 2024 Bahrain Grand Prix, marking the beginning of the new Formula 1 season. As part of the agreement, INFINOX will gain significant brand visibility. Its branding will be featured on the BWT Alpine F1 Team’s A524 car and the Alpine Endurance Team’s A424 vehicle. Furthermore, the INFINOX logo will appear on drivers and mechanics’ suits, team collateral, and at-track assets, ensuring exposure throughout the racing season.  

Interactive Brokers has fully integrated Acuity Trading’s Research Terminal into its Discovery Tool within the Trader Workstation (TWS) Mosaic. The move comes as a milestone for both IBKR and Acuity Trading as both will be able to enhance their position within the online trading industry, offering enhanced research and decision-making tools for investors. “Empowering investors with the tools they need to uncover opportunities” Andrew Lane, Chief Executive Officer Acuity Trading, said: “We are thrilled to work with Interactive Brokers, a platform synonymous with advanced trading technology and that has a global investor base. By integrating the Acuity Research Terminal into their ecosystem, we are empowering investors with the tools they need to uncover opportunities and make data-driven investment decisions.” The Acuity Research Terminal allows investors to seamlessly access a centralized research platform offering unique analysis and alternative data sets, enabling them to formulate informed investment ideas across multiple asset classes. Key Features of the Acuity Research Terminal on Interactive Brokers: Multi-Asset Class Coverage: Investors can explore and analyse up to five asset classes—Equities, Currencies, Commodities, Indices, and Cryptocurrencies—directly within the Research Terminal. Users have the flexibility to focus on individual asset classes or select all five simultaneously for a comprehensive market overview. Comprehensive Calendar Events: Investors can access detailed corporate and economic calendars, both of which are critical for tracking high-impact events. The Acuity Corporate Calendar covers key corporate events such as earnings reports, dividends, IPOs, and M&As, with filters for region, sector, and company-specific events. The Economic Calendar, on the other hand, allows filtering by impact level, country, and date range, offering insights into macroeconomic events that could influence market conditions. Each event is accompanied by historical charts and related news for deeper analysis. AssetIQ: This tool provides an overview of available instruments, highlighting current opportunities based on Acuity’s proprietary data scores. These scores are derived from an analysis of various data categories including momentum, volatility, news sentiment, and media coverage, enabling investors to make more informed decisions. NewsIQ: Powered by data from Dow Jones, NewsIQ delivers critical insights through sections like “Heard on the Street” and “Hot News.” The tool helps investors identify potentially profitable assets by tracking their popularity and sentiment across news sources. The analysis is visually represented in four quadrants: Warning Signs, Best Performers, Worst Performers, and Growth Potential, alongside a summary of the most impactful articles of the week. Several brokers have previously deployed Acuity Trading’s research and analytics solutions, including Amega, Excent Capital, RoboMarkets, and TeleTrade. Various other brokers tap Acuity Trading via brokerage solutions providers, such as Techysquad, Fintech360, and Devexperts.

London-headquartered commodities broker Marex is set to acquire Abu Dhabi-based Aarna Capital Limited to expand its operations in the Middle East and strengthen its clearing business. Marex says the takeover aligns with its core strategy to broaden its client base, diversify operations, and enhance earnings resilience. Aarna Capital specializes in clearing, execution, and risk management solutions across energy, metals, and financial markets such as equities, fixed income, and FX. The acquisition provides Marex access to around 180 local clients, including institutional investors, family offices, and corporate clients. This deal complements Marex’s existing operations in the Middle East, particularly its 60-employee team in Dubai. The acquisition is expected to contribute nearly five percent of Marex’s profit after tax by 2025, with day one synergies boosting the firm’s bottom line. Marex’s CEO, Ian Lowitt said: “The Middle East region is an important growth opportunity for us, this acquisition will give us a presence in Abu Dhabi and will expand our clients and capabilities in the region. We are very excited about the potential of this acquisition, which will bring new clients to our platform and allow us to grow our clearing business, which is at the heart of our strategy to connect clients to markets.” He added: “This acquisition meets our strict financial criteria and is at an attractive valuation, representing three to four times expected profit after tax. We also retain some firepower from the capital raised in our IPO to support further growth investments, as we look to continue to expand and diversify our business.” The transaction is set to close in late 2024, pending regulatory approval. Marex seeks to debut on the New York stock market, following its filing with the U.S. Securities and Exchange Commission (SEC). The company is reportedly targeting a valuation between $2.2 billion and $2.8 billion, well higher than its previous London Stock Exchange listing attempt in 2021. Private equity group JRJ, along with partners Trilantic Europe and BXR Group, have held the majority stake in Marex for over a decade and are looking to profit from the listing. The company employs around 1,800 people and is among the exclusive group of eight brokers permitted to trade on the historic London Metal Exchange trading floor.

Saxo Bank’s UK operation, Saxo UK, has announced the launch of SaxoInvestor, a new investing platform in the UK that provides access to more than 70,000 global instruments, offering a diverse portfolio all in one place. SaxoInvestor claims to charge low commissions, 0.25% FX fees, while offering expert insights, and tax-efficient savings for cost-effective and long-term growth. As part of the launch, Saxo offers $0 commissions on 100 top U.S. stocks across all platforms, from October 1st to December 31st, in anticipation of the U.S. election. Saxo reports 38% rise in active investors YoY According to its own metrics, Saxo has experienced significant growth with a 38% increase in active investors over the last 12 months as the community of buy-and-hold and active investors in the UK continues to grow. During this period, the platform has seen a 20% rise in female investors and a 46% rise in younger investors aged 21-30, while the 31-40 age group rose by 24%. SaxoInvestor offers access to a wide range of stocks, ETFs, bonds and mutual funds totalling over 70,000 instruments globally. The new investing platform is built similarly to SaxoTraderGO and SaxoTraderPRO, but offers a simplified interface designed to meet the needs of the typical investor. The firm says that all Saxo Direct clients will continue to enjoy the same pricing, features such as the screener tool or the ability to create watchlists, and access the in-depth analysis they are familiar with—just within a more streamlined, user-friendly design. “Empowering investors to take control of their financial futures” Andrew Bresler, CEO at Saxo UK, said: “Saxo prides itself on empowering investors to take control of their financial futures and unlock new wealth-creation opportunities. With this new user-friendly platform, SaxoInvestor delivers top-tier insights and diverse investment themes, levelling the playing field for investors of all backgrounds. “Since introducing our pricing cuts in January and Mutual Funds last year, we’ve been focused on attracting investor clients. The launch of SaxoInvestor in the UK marks a significant milestone. With its simplified, user-friendly interface, the platform makes it easy for anyone to access financial markets and take control of their financial future. We’re excited about this journey as we continue to deliver solutions that empower clients to make smarter financial decisions.” Saxo UK is the UK FCA-authorized subsidiary of Saxo Bank. Operating in London since 2006, Saxo UK offers access to multi-asset trading and investment.

Discover how Solana’s instability drives investors towards DTX Exchange and Fantom, targeting massive gains. As uncertainty looms over Solana (SOL), bullish sentiment is shifting towards DTX Exchange (DTX) and Fantom (FTM). With DTX targeting a staggering 1440% rally and Fantom’s upcoming upgrade, investors are eager to capitalize on these high-potential opportunities for significant gains. Solana Eyes Bullish Breakout as Golden Cross Looms, Targeting Key Resistance Levels Solana (SOL) is poised for a significant technical event on its daily chart as the 26-day EMA approaches a crossover with the 100-day EMA, a pattern known as a golden cross. This development often signals a bullish trend, suggesting that SOL’s price could increase in the coming days. Currently, Solana is trading at around $157, showing strength after recovering from a mid-September low of $142. The gradual rise of the 26-day EMA indicates growing momentum. Once it crosses the 100-day EMA, it may signal a shift in market sentiment from cautious to optimistic. This crossover could provide SOL the momentum needed to break through key resistance levels at $160 and $170. Bulls Flock to DTX Exchange: Chasing a 1440% Surge with Tokenized Assets and Cutting-Edge Trading Tools Do you enjoy picking hot crypto? Want to own a piece of the market with tokenized assets and cutting-edge trading tools? Check out DTX Exchange! With an anticipated rally of over 1,400%, bulls are flocking to DTX Exchange (DTX), thanks to its innovative features that cater to both high-frequency traders and long-term investors. By investing in DTX, you can access tokenized assets, providing diversification that mitigates risk and enhances portfolio growth. And the best part? DTX Exchange also gives out loyalty rewards to encourage a pervasive level of participation, awarding tokens to users of the platform whose consistent and competitive trading helps to boost user engagement, creating a built in and loyal community. Such incentives help explain the presale buzz surrounding the platform. Moreover, the platform has sophisticated trading tools including social trading, copy trading and trading bots. DTX also has distributed liquidity pools for market participants to reduce slippage. Some advanced premium features include an analytics tool for in depth insight into crypto market, priority response time on customer support enquiries amongst others. Fantom Bulls Charge Ahead as Sonic Upgrade Fuels Rally. Bulls are chasing profits in Fantom (FTM) as anticipation builds for its upcoming Sonic upgrade, set to launch in November. This will unveil the Fantom Virtual Machine (FVM), poised to notably enhance network performance by elevating transaction throughput to over 2,000 TPS with near-instant finality. Fantom’s price has surged recently, climbing from $0.68 to $0.75, reflecting a 7.49% gain in the last 24 hours and a 12.74% increase over the past week. Growing investor confidence, fueled by positive market sentiment and higher trading volume, suggests strong bullish momentum ahead for FTM. DTX Exchange: The New Contender Outshining Solana and Fantom with Unique Investor Perks Solana (SOL) and Fantom (FTM) are well-established blockchain networks known for their speed and scalability. While Solana boasts high transaction throughput, Fantom focuses on DeFi solutions with its innovative Lachesis consensus mechanism. Despite being a more recent option, DTX Exchange (DTX) stands out due to its distinctive benefits. In addition to sophisticated trading capabilities like copy trading, DTX offers tokenized real-world assets, loyalty rewards for active users, and governance rights. These incentives, coupled with DTX Exchange’s expanding ecosystem, provide it with a competitive edge against more established networks such as Fantom and Solana. Learn more: Buy Presale Visit DTX Website Join The DTX Community 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 on this page 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 herein.