TradingPRO, a leading global trading platform, is proud to introduce TradingPLUS, a revolutionary program designed to provide traders with virtual capital, a structured evaluation process, and significant profit-sharing opportunities. TradingPRO has established itself as a trusted name in the financial markets, offering traders cutting-edge tools, educational resources, and a secure trading environment. With a strong commitment to transparency and excellence, the company continues to set industry benchmarks. Award-Winning Excellence – TradingPRO recently won its 10th award for Best Spreads Broker, reinforcing its reputation for providing traders with ultra-competitive spreads and superior trading conditions. By launching TradingPLUS, TradingPRO further solidifies its mission to empower traders and provide them with the opportunities they need to succeed.What is TradingPLUS? TradingPLUS is a proprietary trading program that allows traders to showcase their skills in a two-step evaluation process. Those who meet the required criteria gain access to a funded account, where they can trade with up to $200,000 in virtual capital while keeping up to 80% of their profits. This initiative aims to bridge the gap between skilled traders and financial resources, ensuring that talent is rewarded without the burden of personal financial risk.Key Features of TradingPLUSTwo-Step Evaluation ProcessTrading PLUS is designed to assess and refine a trader’s ability before granting them access to a funded account. The TradingPLUS Step 1 and Step 2 phases test strategy consistency, risk management, and overall performance. This ensures that only disciplined traders progress, fostering long-term success.Up to 80% Profit ShareUnlike traditional trading accounts, TradingPLUS offers an industry-leading profit-sharingmodel where traders can retain up to 80% of the profits they generate. This structure isdesigned to reward skilled traders while keeping their financial risks at zero.Virtual Capital Up to $200,000 One of the standout features of TradingPLUS is the significant funding available. Traderscan access virtual capital of up to $200,000, allowing them to execute high-value tradeswithout using their own money. This removes financial barriers and provides an opportunityto trade at a professional level.Strict Risk Management RulesTradingPLUS places a strong emphasis on risk management, ensuring that traders developsustainable trading habits. Participants must follow drawdown limits, daily loss restrictions, and disciplined trading strategies. These rules are in place to create a long-term path to profitability and prevent reckless decision-making.Freedom to Trade Your WayTradingPLUS allows traders to choose their own strategies, assets, and timeframes.Whether you prefer forex, commodities, indices, or cryptocurrencies, the program offers full flexibility to trade in a way that aligns with your expertise and market insights.No Hidden Fees or Recurring CostsUnlike traditional funding models, TradingPLUS operates on a transparent pricing system.Traders pay a one-time evaluation fee, with no hidden charges or recurring costs. Thisensures that traders can focus entirely on their performance without worrying aboutunexpected expenses.How to Get Started with TradingPLUS?Getting started with TradingPLUS is a straightforward process designed to help traders seamlessly transition into a funded account. First, traders need to sign up on the TradingPLUS platform and register for the program. Once enrolled, they must complete the structured two-step evaluation, demonstrating their trading skills and adherence to risk management principles. Upon successful completion, traders gain access to a funded account, enabling them to trade with virtual capital of up to $200,000. As they generate profits, they can retain up to 80% of their earnings. The program is available to traders worldwide, subject to regional restrictions, and participants must be at least 18 years old to apply.Visit TradingPLUS website to sign up and get started! This article was written by FM Contributors at www.financemagnates.com.

This article was written by Jon Light, Head of OTC Platform at DevexpertsIntroduction Brokerage infrastructure has come a long way since the early days of the industry. Back then, brokers were largely locked into one or two trading platforms, customer relationship management was conducted via spreadsheets, and dealers managed risk manually, or were forced to use third-party workarounds in order to access the features they required. Today, brokers are spoiled for choice, with a plethora of highly capable software solutions that span the front and back-ends of their respective operations, as well as their various departments. Further, these modern systems are now designed specifically for the idiosyncratic nature of FX/CFD trading, rather than being cobbled together and adapted to the task. As a technology provider that’s active in this and other areas of the financial landscape, we have gained experience in both creating solutions, and also in integrating disparate software into smoothly functioning systems. In the following article we’d like to discuss what we believe brokers should consider when it comes to sourcing their back-office software in 2025 and beyond. It’s bigger than customer relationships Customer relationship management (CRM) software is central to brokerage operations. It forms the hub from which all relevant data pertaining to clients can be accessed by the various departments that require it. However, beyond just access, the ability for different roles within the organization to liaise with team members from other departments is paramount. The big trend in CRM development for FX/CFD brokers over the past decade or so has been that CRMs have evolved to handle more than just relationship management between clients and client-facing departments such as customer service, sales, retention, and accounting. Today’s CRMs can be regarded more as business intelligence suites, allowing for the acquisition of much richer data regarding client behavior, as well as collaboration between all key brokerage departments. For new brokers in the process of sourcing CRM software, or existing firms planning to upgrade, the following are some key considerations and features to keep in mind. Real-time analytics: Knowing what clients are doing in real-time is a massive competitive advantage. It can lead to efficiencies that contribute positively at various levels of the business. For example, sales and retention agents are able to provide pre-emptive support; building rapport, helping with conversions and deposits, and also freeing up customer service teams to deal with more pressing client problems. Having access to real-time client data (as well as the ability to efficiently store and manage it) also empowers brokers to run advanced client segmentation strategies, allowing them to tailor their messages and be much more surgical in their marketing efforts. Automated KYC/AML: This has been an important feature for brokerages as peak interest in trading tends to come in waves, inundating their systems and teams with incoming registrations at different points throughout the year. The ability to get what’s legally required from incoming clients before a human being is required to intervene is extremely important to brokers nowadays. This can include connection to global compliance databases, integration with third-party compliance software, or native AI features designed to deal with the most common problems that new clients face when attempting to get verified for a fully funded account. Again, these are features that enable brokers to scale by being much more efficient and by maximizing their human capital for more important business functions. Role-based access: As CRMs have grown to encompass all important back-office functions it has become more important for different departments (and different levels of authority within those departments) to be able to view the same clients at deeper levels of resolution. For instance, a salesperson doesn’t (and shouldn’t) need access to a client’s personal information (including contact details), in order to perform their role. Also, they don’t need to have access to their colleagues' assigned leads, while their managers must be able to view the entire workflow of their teams. Similarly, not every member of staff should have access to the trading histories of clients, but some staff are required to, such as senior customer support, and dealing department members. Role-based access, including effective use of encryption, is crucial to modern brokerages that want to protect their leads, their clients’ data, and be fully compliant with GDPR obligations. The subtle art of managing risk Today’s trading platforms come with powerful back-end software for managing brokerage exposure. These systems are business critical as they allow dealing staff to monitor client trading activity at various levels of resolution. Similar to how client segmentation can open up more sophisticated marketing strategies, the ability to segment clients based on their differing trading behaviors and run a variety of different business models can contribute to much more effective risk management and brokerage profitability. This includes being able to selectively internalize trades, forwarding them onto liquidity providers, and running strategies that allow for a combination of the two. Additionally, a capable risk management system should allow brokers to hedge their positions with multiple liquidity providers, taking advantage of price differences between these venues in order to maximize cost effectiveness. This includes the ability to split individual orders between liquidity providers in order to keep execution within the most cost-effective liquidity tiers. It’s also important for dealing teams to be able to have granular control over different parameters as they are applied to different groups of traders. These parameters include margin, spreads, limits, commissions and rebates. The most capable risk management software will allow these parameters to be set on a per group, per instrument, or even on a per account basis. In other words, should a dealer be required to alter a given parameter affecting a client, or group of clients, they’re able to easily create a profile for which the required parameters apply, and then add the accounts that ought to belong to that profile. This functionality should be available on the fly, without requiring a server restart. What else to keep in mind? User experience: In software development, concerns regarding UX/UI tend to be reserved for client-facing software, rather than also considering those working on the back-end. This is a mistake as clunky interfaces make working with complex systems such as the ones outlined above, difficult, time-consuming, and fatiguing. Brokerage efficiency is directly related to the productivity of team members and to how effectively they manage their tasks and are able to coordinate with each other. To this end, investing in flexible, well-designed, easy to use back-office software pays dividends in the long run. Open APIs: We’ve discussed the importance of open APIs elsewhere, but it should be reiterated. Open APIs are important in avoiding vendor lock-in, as well as in allowing brokers to tailor software to their needs, and to easily integrate whatever third-party systems their business requires. Using vendors that make their APIs public, and share adequate documentation regarding them, can be a boon when it comes to getting exactly what the business requires out of these systems. Support and aftercare: Finally, the relationship shouldn’t end when the software is deployed. In order to respond adequately to technical issues and changes in the industry, it’s important to pick a software provider that guarantees on-going support and aftercare. This includes being available at all times as per the requirements of international markets, providing software updates on an on-going basis, and also training the members of staff that will be tasked with using the software in question. ConclusionToday’s brokers are almost spoiled for choice when it comes to the software and features they have available to them. This great variety, however, means that careful consideration should be taken to assess the business’s individual needs and to source the right combination of software to ensure that all bases are covered, and that the business has more than enough headroom to continue to grow into the future. This article was written by FM Contributors at www.financemagnates.com.

The financial markets have been revolutionized by mobile apps and innovative technology, enhancing brokerage operations and providing individuals and businesses with easier access. Today, entering the world of Forex and cryptocurrency trading is easier than ever, attracting millions globally thanks to low entry barriers and the promise of potential profits.The Growth of Forex and Crypto MarketsThe Forex market is known for its enormous daily trading volume of about $7.5 trillion. This huge market, along with the rapidly growing area of cryptocurrencies, offers great earning opportunities for both new and experienced traders. The appeal of these markets comes from their size and the easy access provided by technological advancements.The Role of Technology in TradingThe evolution of trading platforms, especially mobile trading apps, has made trading more accessible. These apps allow traders to trade from anywhere, anytime, opening up global markets to a wider audience and removing the traditional limitations that once restricted trading to professionals in specific locations.Technology's Role in Enhancing Brokerage OperationsThe backbone of many brokerages today is built on modern trading platforms that are powered by advanced technology. These platforms are equipped with sophisticated tools that enable detailed market analysis, automated trading systems, and advanced risk management. Brokerages that utilize these tools can offer their clients more personalized services, enhance trading performance, and manage higher volumes of trades with improved accuracy.At the heart of this technological revolution is B2CORE, a comprehensive SaaS solution tailored for brokerage businesses. This platform offers a suite of tools designed to streamline and enhance the management of trading operations. Brokers can benefit from features like seamless user onboarding, sophisticated financial operations, and advanced back-office management, all aimed at optimizing their business processes and improving client satisfaction.Webinar Invitation: Maximizing Broker Efficiency with B2CORETo help brokers fully utilize these opportunities, Ivan Navodniy, Chief Product Officer at B2BROKER, will lead a live session hosted by Finance Magnates. This webinar is scheduled for February 19th at 2 p.m. GMT+2, where Ivan will discuss how B2CORE can transform brokerage businesses. He will guide attendees through B2CORE’s key features and demonstrate how its flexibility and robust financial management capabilities can give brokers a competitive edge in the trading market by streamlining their brokerage operations.What to Expect from the WebinarDuring the webinar, Ivan will explore several critical areas:Key Features: Discover how B2Core can serve as a personal cabinet for brokers, equipped with tools designed to boost user activation and elevate overall client engagement.Dynamic Management: Learn about the platform’s dynamic transaction management capabilities and how they help brokers manage their operations more effectively.Future Plans: Brokers can expect to be empowered and have their capabilities enhanced with a sneak peek into the upcoming features.Interactive Q&A: The webinar will include a live Q&A session, where attendees can engage directly with an industry expert and receive real-time answers to their questions.B2Core revolutionises brokerage operations by managing and supporting a wide range of services. These include transaction management and user interface customization, empowering businesses to scale and adapt quickly in a fast-changing market.Join to Learn How to Enhance Your Brokerage OperationsLearn how B2CORE can help you streamline your brokerage business, enhance your service offerings, and stay ahead in the competitive world of trading. Register now for the webinar on February 19th and take the first step towards transforming your brokerage operations. This article was written by FM Contributors at www.financemagnates.com.

Phoenix Group, the first UAE-listed cryptocurrency mining company, reported mixed financial results for 2024, with strong mining revenue growth contrasting against an overall decline in total revenue and profitability.UAE Bitcoin Miner Sees Mixed Results While the company's mining revenue surged 236% to $107 million, total revenue fell almost 30% to $205.7 million from $288.2 million in 2023. Net profit attributable to shareholders declined to $167.4 million from $207.8 million, with earnings per share dropping to $0.028 from $0.040 the previous year.Despite these headwinds, Phoenix Group maintained its expansion strategy, with CEO Munaf Ali expressing optimism: "The past year has been pivotal for Phoenix Group, marked by significant expansion and enhanced profitability." However, the financial statements tell a more complex story, with EBITDA declining to $190.7 million from $208.6 million in 2023.The company's total assets grew modestly to $962.4 million from $834 million, while shareholders' equity increased to $891.8 million from $697.1 million. Phoenix Group maintained its Bitcoin network presence with 15.0 EH/s of computing power, representing a 1.90% market share.$370M IPOA year ago, Finance Magnates reported that the Abu Dhabi stock market (ADX) welcomed its first publicly listed Bitcoin mining company, a business that has been extremely popular in countries like the U.S. Following its IPO, which raised $370 million, the company released a financial report showing a threefold decrease in revenue compared to the previous year. Despite this decline, the company significantly increased its asset holdings. Net profit, however, rose sharply despite falling revenues, which was achieved due to a "one-time contract" that distorted the company’s expected cash flows. However, the report did not sit well with shareholders last year, as the company’s stock fell 20% since its debut, and it remains unpopular now.Almost a Penny StockThe company's stock performance has been particularly challenging since its late 2023 debut on the ADX/ The shares have plummeted approximately 60% from their all-time high, currently trading at AED 1.01 ($0.27), bringing the company perilously close to penny stock territory.The fourth quarter showed some operational improvements, with self-mining gross margins expanding to 24% from 5% in the previous quarter, benefiting from Bitcoin's price appreciation and efficiency gains in North American facilities.Looking ahead, the company has secured agreements for additional facilities in Ethiopia and Texas, while also diversifying into various cryptocurrencies and partnering with the Tether Foundation for a dirham-backed stablecoin initiative. This article was written by Damian Chmiel at www.financemagnates.com.

Doo Group, which obtained a Cyprus license late last year, has opened a new office in Limassol, the financial hub of the Mediterranean island. Announced today (Monday), the new office space is its largest in Europe.“A Strategic Hub” for DooThis appears to be the broker's second office on the island, as the address differs from the one registered with the Cyprus Securities and Exchange Commission (CySEC). The broker also highlighted that about 80 employees are working from this new office space.“This office plays a crucial role in enhancing Doo Group’s brand presence in the EMEA region,” the broker noted in its official announcement. “As we continue expanding our global footprint, the new Cyprus office will serve as a strategic hub for delivering high-quality financial services to clients in the region and beyond.”Doo Group obtained the Cyprus Investment Firm (CIF) license last September, according to the regulatory register, but announced it publicly in November. Under the license, it can offer derivative instruments, including contracts for difference (CFD) instruments, across Europe.According to its website, the broker also has licenses in the United States, the United Kingdom, Australia, Hong Kong, Malaysia, and Indonesia.What Is the Future of Cyprus?While Doo has established its presence in Cyprus, many other retail brokers and CFD industry players are leaving the Mediterranean island. Finance Magnates earlier reported that 26 Degrees is considering giving up its Cyprus license, while BDSwiss’s license has been suspended. Last year, FXTM stopped its services under its Cyprus entity and gave up its license. Further, Banxso, a CFD broker facing serious troubles in South Africa, stopped onboarding clients under its Cyprus license months ago.Doo further pointed out that it has more than 1,000 employees across its over 20 global operation centres. However, it is important to note that Doo has a presence beyond brokerage, as it is also involved in wealth management and payments.Meanwhile, several other brokers have also expanded their physical presence in strategic locations. After acquiring a local broker, CFI opened its first office in Baku, the capital of Azerbaijan, while Deriv opened its second Cyprus office in December. This article was written by Arnab Shome at www.financemagnates.com.

The New Zealand’s market watchdog has uncovered an extensive network of fraudulent online trading platforms operating a sophisticated investment scam targeting global investors. The Financial Markets Authority (FMA) has identified 96 suspicious websites masquerading as legitimate investment platforms, including unauthorized clones of prominent brokers such as Saxo Bank, IG Markets, and ATFX.FMA’s Investigation Reveals Massive Online Trading Scam NetworkThe fraudulent operation employs a calculated approach, presenting investors with seemingly legitimate trading platforms that display artificial profits to create an illusion of successful investments. However, when clients attempt to withdraw their funds, they encounter systematic obstacles designed to extract additional payments under the guise of taxes or processing fees.These platforms are specifically designed to deceive investors through a sophisticated facade of legitimacy. The investigation has revealed that the network operates through multiple domains, frequently changing names and web addresses to evade detection. Many of these platforms share similar operational patterns, using professional-looking interfaces and customer support systems to maintain their deceptive facade.Among the identified platforms are clones of major financial institutions like ATFX and IG markets, operating under slightly modified domain names such as "atfxgoldvip.cc" and "igmarketsfx.com." These sites often employ similar email patterns and support structures, suggesting a coordinated operation behind the numerous facades.The FMA have emphasized that legitimate withdrawal requests are consistently denied, with scammers instead demanding additional payments for fabricated fees or taxes. Even after victims comply with these demands, no funds are released, resulting in complete losses for affected investors.The FMA has issued a comprehensive list of suspected fraudulent platforms, warning investors to exercise extreme caution when approaching online investment opportunities. The regulatory body continues to monitor the situation actively, noting that the list of suspicious platforms may expand as new variants emerge.Beware of ClonesMany entities on the latest FMA warning list use the tactic of "cloning" legitimate businesses, impersonating them to mislead end users. Regulators worldwide have issued warnings about such practices. A few months ago, the Spanish CNMV published a similar, even longer list, where fraudsters had cloned well-known brokerage brands such as AvaTrade and LCG.The FMA itself recently warned about Mic-Market, a company that falsely claimed to hold investment service licenses issued in Cyprus and South Africa. However, these authorizations actually belonged to another firm, Colmex.In May 2024, the New Zealand regulator also highlighted a growing number of fraudulent financial product advertisements featuring celebrities and public figures. Leveraging AI, these scams promoted trading in forex and cryptocurrencies. This article was written by Damian Chmiel at www.financemagnates.com.

Opposition lawmakers in Argentina have raised the possibility of impeaching President Javier Milei after he promoted a cryptocurrency that rapidly lost value.On Friday night, Milei posted on X recommending $LIBRE, a little-known crypto token. The price of the token surged to nearly $5 shortly after his post. Within hours, it dropped below $, Reuters reported.Argentina Lawmaker Seeks Impeachment Over CryptoArgentina’s fintech chamber suggested that the incident could be a "rug pull," a type of fraud where developers boost a cryptocurrency’s value before selling their holdings and abandoning the project.Consequences for Libra comingArgentina opposition threatens Milei with impeachment You can bet Milei will now come after the people who extracted pic.twitter.com/QwDmamMj0O— xero ? (@xerocooleth) February 16, 2025“This scandal, which embarrasses us on an international scale, requires us to launch an impeachment request against the president,” said Leandro Santoro, an opposition lawmaker.President Removes Post After Crypto CrashMilei later deleted his post. Local media reported that it was online for several hours. The president said he removed it after learning more about the situation and denied any connection to the cryptocurrency.“I was not aware of the details of the project and once I found out, I decided to not continue giving it publicity,” he said.Y también cualquier otra cripto y/o especie como kilos de novillo o litros de leche.Art 766. - Obligación del deudor. El deudor debe entregar la cantidad correspondiente de la moneda designada, tanto si la moneda tiene curso legal en la República como si no lo tiene.— Diana Mondino (@DianaMondino) December 21, 2023Argentina Embraces Cryptocurrencies amid Hyperinflation CrisisMeanwhile, Argentina’s government has legalized Bitcoin and other cryptocurrencies for contract settlements and payments, as announced by Minister Diana Mondino last year. This move is part of broader economic reforms to combat hyperinflation and a weakened economy. While the decree doesn’t directly mention cryptocurrencies, it allows individuals and businesses to choose payment methods, regardless of legal tender status, as reported by Finance Magnates. This article was written by Tareq Sikder at www.financemagnates.com.

eToro Files for IPOThis week’s top stories include eToro's filing with the US Securities and Exchange Commission (SEC) for a planned initial public offering (IPO). The IPO is expected to occur once the SEC completes its review of the Registration Statement, which is subject to market conditions and other factors. However, eToro has not set a definitive timeline for when the offering will take place.This is not eToro’s first attempt to go public. In 2021, the platform planned a $10.4 billion SPAC merger but abandoned the effort due to challenging market conditions. In 2023, eToro raised $250 million at a $3.5 billion valuation, signaling a rebound fuelled by rising equity and cryptocurrency markets.'We definitely are eyeing the public markets': eToro CEO considers IPO after scrapped SPAC deal https://t.co/c5UFrZQpLQ— CNBC (@CNBC) February 26, 2024Saxo Australia Was Sold to a South African Technology ProviderIn Australia, Saxo Australia, the country's division of Saxo Bank, changed ownership, as Johannesburg-headquartered DMA acquired a majority stake in it. Announced today (Monday), DMA, a technology provider to financial advisers and wealth managers, will acquire 80.1% of the Australian business, while Denmark’s Saxo Bank will retain 19.9%.The acquisition came when Saxo Bank itself was looking for potential buyers after a failed attempt to take the company public. The Danish company reportedly received bids from multiple parties but has not confirmed anything yet. The two companies are expected to close the transaction in the second half of 2025, although the financial terms remain unknown.Capital.com Partnered With LSEG Still, with the forex and CFD space, the online trading platform Capital.com expanded its partnership with the London Stock Exchange Group to integrate market data and AI-powered analytics services, the companies announced this week. The latest collaboration comes at a time when the broker is reporting a significant increase in trading volumes, particularly in the MENA region.The agreement will provide Capital.com's users access to LSEG's real-time news feeds, market data, and sentiment analysis tools. The trading platform, which reportedly handles approximately $147 billion in monthly trading volume, will incorporate these features across its existing infrastructure, serving more than 750,000 global traders.Prop Firm MyFundedFX RebrandedIn the volatile prop trading space, MyFundedFX rebranded as Seacrest Funded. The new name aligns the prop platform with the newly launched forex and contracts for difference (CFD) broker Seacrest Markets, the company mentioned. However, the prop brand is keeping MyFunded Futures intact, offering prop trading services with futures instruments, at least for now.The latest rebranding indicates the prop firm’s push to align its branding as a broker-backed prop platform. Interestingly, a survey by PipFarm, another prop brand, showed that about 60% of traders trust broker-backed prop trading platforms.At the same time, Sway Markets, a contract for difference (CFD) broker, is suspending its operations. The company, which has been online since 2021, has “cleaned” all its social media accounts; its website is inaccessible, and its X (formerly Twitter) profile displays “sold.” However, the operations of Sway Funded, a prop trading firm launched less than a year ago under the company's ownership, remain unaffected.According to the latest PipFarm survey, exclusively seen by Finance Magnates, the recent shifts in the prop trading market last year were driven in part by MetaQuotes. Nearly 70% of all respondents stated that prop firms should be regulated, while only 15% considered it a bad idea. The remaining ones had no opinion on the matter.CySEC Tightens OversightThe Cyprus Securities and Exchange Commission (SEC) 's top priorities in 2025 are the impact of artificial intelligence (AI) and the Market in Crypto-Assets Regulation (MiCA) on the financial market. With AI reshaping financial markets and the growing influence of online financial promoters (influencers), CySEC is now setting stricter compliance expectations. “Supervisory Priorities for 2025 provide guidance for Regulated Entities as to the increasing measures they are expected to take in order to comply with evolving regulation as well as the need to address emerging market risks, such as the widespread adoption of AI and the rise of online promotion of financial product by fin-fluencers,” CySEC Chairman, Dr George Theocharides said.Δελτίο Τύπου – Οι Εποπτικές Προτεραιότητες της ΕΚΚ για το 2025https://t.co/PMaXxhqK7RPress Release – CySEC launches Supervisory Priorities for 2025https://t.co/AvzmYZiYgW— CySEC - Cyprus Securities and Exchange Commission (@CySEC_official) February 12, 2025Gunman Opens Fire at Limassol Investment Firm: ReportElsewhere, a quiet night in Limassol turned into a crime scene when a masked gunman fired seven shots at the offices of an investment company in the Ayios Andreas area, CyprusMail and several other local media houses reported. The attack, which took place just after midnight, reportedly shattered a glass window while employees were inside. Authorities are now on the hunt for the perpetrator, who escaped on a motorcycle. The Limassol police were alerted to the incident at approximately 1:00 a.m. According to the report, witnesses reported that a person dressed in dark clothing and wearing a helmet fired multiple rounds before fleeing the scene.FXStreet Launched New Trading Institute"The initial idea was to launch a university to create a four-year Bachelor's degree program, but that would be very hard," Francesc Riverola, the Chairman of International Trading Institute, President and Founder of FXStreet, told Finance Magnates after launching the International Trading Institute.The institute plans to offer traders a Master’s degree. Although it currently only offers online classes, its ultimate goal is to launch "in-person classes and a four-year Bachelor's degree program."Revolut Eyes Spain, EuropeElsewhere, Revolut targeted Spain and Europe with new installment payment options and ambitious European expansions. Revolut, the digital banking powerhouse, has unveiled an installment payment option for its credit customers in Spain, Ireland, and Poland. This feature allows users to split purchases over €50 into fixed installments, offering lower interest rates than traditional 'revolving' credit cards. The system also allows the customer to decide whether to pay in installments at the end of the month, generating higher interest rates.Gemini to Offer Crypto PerpetualsLastly, in the crypto space, cryptocurrency exchange Gemini, which recently selected Malta as its European hub, received in-principle approval for an Investment firm license from the Malta Financial Services Authority (MFSA).Once the license is approved, the exchange can offer regulated options and futures, including contracts for difference (CFD) instruments, throughout the European Economic Area (EEA) under the Markets in Financial Instruments Directive (MiFID II).The other company reaping big from crypto is Robinhood. Its shares jumped by 15.3% after hours on Thursday this week after it posted revenue of $1.01 billion, compared to a consensus estimate of $849.06 million. Its earnings per share at $1.01 were also significantly higher than the expectation of $0.32. The firm has expanded its services in the United Kingdom with options trading. This article was written by Jared Kirui at www.financemagnates.com.

Juventus FC, one of Italy's most iconic football clubs, found an unexpected backer in the cryptocurrency space. Tether, the issuer of the $140 billion stablecoin USDT, has acquired a minority stake in the club, signaling a broader expansion into sports investments. The announcement sent Juventus shares climbing and sparked a dramatic rally in the club's fan token, highlighting growing intersections between crypto and traditional industries.Tether's Investment Sparks Market ReactionTether's investment arm, Tether Investments, confirmed its strategic stake in Juventus on Friday. The club's shares, traded on the Italian stock exchange, jumped 2.5% following the news, Coindesk reported. Meanwhile, the Juventus fan token (JUV) saw an explosive 180% surge in minutes before pulling back slightly, according to CoinGecko data. Tether's CEO, Paolo Ardoino, emphasized the company's vision of integrating digital assets and emerging technologies into the sports industry. Juventus has long been controlled by the Agnelli family, with Exor, their investment firm, holding a dominant 64% stake in the club. Notably, Exor did not sell any shares to Tether.The football giant has faced significant financial hurdles in recent years, raising nearly €900 million from shareholders across three cash calls to stabilize its balance sheet. The club reported a €200 million loss in the last financial year ending June 30.Tether's Expanding Investment Tether has moved far beyond its core stablecoin business, reporting $13 billion in profits last year. The company has been now aggressively expanding into artificial intelligence, payments, and energy. The Juventus stake marks another step in diversifying its investment portfolio. The deal also arrives amid Juventus' efforts to recover from a turbulent period. After dominating Serie A for nearly a decade, the club was reportedly hit by an accounting scandal related to player trading and salary payments, leading to a ban from European competitions last season. Currently ranked fifth in Serie A, Juventus is also competing in the Champions League knockout phase against PSV Eindhoven. The sports industry has increasingly embraced cryptocurrency firms as sponsors and investors. Fan tokens, blockchain partnerships, and crypto-backed sponsorships have become common in football. Tether's stake in Juventus reinforces this trend as digital asset firms seek mainstream exposure through high-profile sports ventures. This article was written by Jared Kirui at www.financemagnates.com.

Bybit, one of the renowned cryptocurrency exchanges, was removed from the regulatory blacklist of France’s Autorité des Marchés Financiers (AMF). “After more than 2 years of working with the French regulator through multiple remediation efforts, BYBIT is now officially removed from France AMF blacklist. MiCA license next,” Ben Zhou, the Co-founder and CEO of BYBIT, said on X. From Blacklist to ComplianceAfter two years of remediation efforts and negotiations, the exchange secured approval from the French watchdog. Now, Bybit is shifting focus toward obtaining a Markets in Crypto-Assets (MiCA) license, a key regulatory certification that would enable it to operate legally across the European Economic Area (EEA).Bybit found itself on the AMF blacklist in May 2022 for reportedly failing to comply with local financial regulations. At the time, French authorities warned investors against using the platform, urging them to shift to regulated exchanges.After more than 2 years of working with the French regulator through multiple remediation efforts, BYBIT is now officially removed from France AMF blacklist. MiCA license next. pic.twitter.com/irPf5bOSBp— Ben Zhou (@benbybit) February 14, 2025In response, Bybit ceased offering services to French residents last year while working behind the scenes to address regulatory concerns. After an extended dialogue with the AMF and multiple compliance adjustments, Bybit CEO Ben Zhou announced on X that the exchange was officially removed from the blacklist. MiCA License for Full EU Market AccessWith the French regulatory hurdle cleared, Bybit has now set its sights on acquiring a MiCA license. The MiCA framework, introduced by the European Union, establishes a uniform regulatory structure for crypto firms, allowing licensed platforms to operate freely across all 30 EEA nations.While Bybit has made progress in France, it still faces regulatory challenges in other key markets. In Malaysia, the Securities Commission ordered Bybit to halt operations, citing non-compliance. Similarly, in India, the exchange suspended services following regulatory scrutiny, despite later securing a local license after paying a $1 million fine.Other crypto firms are also pushing for MiCA approval, seeing it as a gateway to expand in Europe. Competitors like Bitget, OKX, and Crypto.com have all pursued or secured MiCA licenses to gain a foothold in the region. This article was written by Jared Kirui at www.financemagnates.com.

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has partnered with Avalon Labs to mark the exclusive launch of Avalon Token (AVL) on Bybit Spot. This collaboration introduces an initiative designed to enhance engagement within the Avalon ecosystem by offering an incentive-based savings mechanism through Bybit Earn’s Fixed Savings plans. A total of approximately 10,000 USDT worth of AVL tokens has been allocated to reward eligible participants, with APRs of up to 50% available over a structured staking period.Avalon Labs is the world’s largest issuer of Bitcoin-backed stablecoins. Building the ultimate on-chain financial hub for Bitcoin, offering a seamless ecosystem that includes a Bitcoin-backed stablecoin, BTC-backed lending, yield-generating accounts, and a credit card. Avalon Token (AVL) functions as the governance token of Avalon Labs. Beyond governance, AVL incentivizes the integration of USDa into the broader DeFi ecosystem, driving adoption and potentially boosting sUSDa yields. Staking AVL reduces borrowing rates for USDa in its lending product, unlocking idle BTC liquidity. sAVL holders can vote on AVL emission mechanisms, building a Bribe Market to optimize capital efficiency further.The total supply of AVL is 1 billion tokens, forming a core component of the platform’s utility and governance framework.The event runs from Feb. 12 to Mar. 12, 2025, allowing AVL holders to access exclusive earning opportunities. AVL is available through Bybit Spot trading, with conversion support via Bybit Convert. Fixed Savings plans are structured for a 7-day term at 25% APR and a 15-day term at 50% APR. Rewards are allocated on a first-come, first-served basis and distributed daily during the event period.“Bybit is committed to bringing high-potential digital assets to our users, and AVL is a prime example of innovation by the largest issuer of Bitcoin-backed stablecoins,” said Joan Han, Sales & Marketing Director at Bybit. “With the exclusive launch of AVL and its integration into Bybit Earn, we’re excited to provide our community with unique opportunities to maximize their crypto holdings.”Bybit is the first exchange to list AVL, reinforcing its commitment to expanding the availability of innovative digital assets. Since its establishment in 2018, Bybit has become a key player in cryptocurrency trading, providing access to spot and derivatives markets, earning solutions, and advanced trading tools. Recognized for its strong security infrastructure and user-centric experience, Bybit continues to drive advancements within the digital asset space.Avalon Labs not only focuses on the lending market but also introduces cutting-edge synthetic dollar protocols like USDa, offering users enhanced capital efficiency and liquidity. Avalon seamlessly integrates the dual advantages of lending and synthetic assets, delivering a more flexible and efficient DeFi experience.About BybitBybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com. This article was written by FM Contributors at www.financemagnates.com.

Dogecoin's price movements have been anything but stable, yet there is optimism the meme coin is primed for a major rally. Recent predictions place DOGE's next peak anywhere between $2.20 and $4, with influential traders highlighting the current range as a key accumulation zone. Meanwhile, speculation around a Dogecoin ETF is adding to the excitement, with analysts assigning a high chance of approval in the coming months. As whale activity surges and Elon Musk's latest government venture stirs discussion, could DOGE be gearing up for a breakout?DOGE's Price ActionDogecoin has faced choppy trading in recent weeks but has recovered 4% and 5% in the past day and week, respectively. Additionally, large holders, commonly referred to as whales, have been actively accumulating millions of DOGE in recent weeks. According to CoinMarketCap data, DOGE ranked #8 with a market capitalization of slightly more than $40 billion at the time of publication. This behavior signals confidence in the asset and reduces its circulating supply, potentially setting the stage for higher prices. If smaller investors follow suit, Dogecoin could see fresh capital inflows that further fuel its momentum.Adding another layer of intrigue, the establishment of the Department of Government Efficiency (D.O.G.E.), led by Elon Musk, has sparked renewed speculation about Dogecoin's potential ties to the agency. Whales and Musk's InfluenceThe department briefly displayed DOGE's logo on its website last month, leading to a sharp price increase before the image was removed. While there's no official connection between the meme coin and the agency, Musk's history of influencing DOGE's price through social media remains a key factor.Beyond price action, regulatory shifts have driven optimism regarding the approval of crypto-based exchange-traded funds (ETFs). Interestingly, DOGE, although once dismissed as an internet meme, is also making its way into institutional finance. Grayscale, a major US-based asset management firm, launched a Dogecoin Trust this year. It argues that the token’s low transaction fees and fast processing times make it an important component of financial inclusion. If it is successful, it could reportedly boost the evolving perception of DOGE, which has traditionally been seen as a speculative asset rather than a serious investment instrument.Since Donald Trump was elected, several asset management firms filed for Dogecoin ETFs. With a market capitalization of slightly over $40 billion, DOGE remains the largest memecoin. Institutional assets like trusts and ETFs are expected to boost capital inflows. This article was written by Jared Kirui at www.financemagnates.com.

Dubai’s Virtual Assets Regulatory Authority (VARA) recently issued a consumer alert addressing the risks associated with advertisements promoting subscriptions to memecoins. This alert follows the recent partnership between the UAE Ministry of Energy (MOEI) and Shiba Inu to explore Web3 solutions in energy, infrastructure, and governance.VARA Warns on Memecoin RisksThe market capitalization of meme coins has surged from $20 billion in January 2024 to $120 billion by the end of the year, prompting a warning from VARA about the associated risks.VARA noted that many meme coins do not have intrinsic value. Instead, their pricing is often driven by "social media trends, public hype, or deceptive promotional tactics". Dubai’s #VARA warns against meme coin hype ?Dubai’s Virtual Assets Regulatory Authority has issued a public alert on meme coin promotions, citing high risks for investors. ?Learn more: https://t.co/kgq0Z4IR5z pic.twitter.com/uUlRkRABvl— crypto.news (@crypto_dot_news) February 14, 2025The regulator cautioned investors to be wary of claims promising unrealistic returns, as these are frequently indicative of fraudulent schemes. VARA also pointed out the high risk of substantial financial losses within short timeframes, due to factors such as sudden price collapses, liquidity issues, or scams."Both consumers and investors should be aware that access to memecoin platforms may be restricted without prior notice. Thus, everyone must take necessary measures to safeguard personal financial security," VARA warned.SHIBUSD Trades Within Equidistant ChannelMeanwhile, the SHIBUSD H1 chart shows the price has been trading within an equidistant channel. Recently, the price bounced at the channel’s support, but no bullish momentum has formed yet. Buyers may wait for a breakout above the last swing high at 0.00001680 to enter long. Alternatively, if the price bounces off the channel’s support again and forms a bullish reversal pattern, it could trigger bullish momentum. On the other hand, a bearish breakout at the support could push the coin lower.MOEI Partners with Shiba Inu for Web3In its alert, VARA made it clear that any virtual asset issued from Dubai, including related promotions, advertisements, or solicitations, must adhere to the regulatory framework set by the authority. It also warned entities involved in unauthorized virtual asset activities that they may face enforcement actions.This announcement by VARA follows the recent news that the UAE Ministry of Energy (MOEI) entered a partnership with Shiba Inu to develop Web3 solutions in sectors including energy, infrastructure, and governance. The collaboration aims to utilize Shiba Inu’s range of Web3 technologies to enhance public service efficiency, support green infrastructure, and develop citizen-focused governance models. This article was written by Tareq Sikder at www.financemagnates.com.

The US Securities and Exchange Commission (SEC) has formally acknowledged Grayscale’s 19b-4 filing for an XRP exchange-traded fund (ETF). The agency's action indicates that it will consider the proposal but does not guarantee approval.Meanwhile, the XRPUSD H1 chart indicates a bullish trend that began yesterday. The price reached approximately 2.78000 and may continue its upward movement for the near term.SEC Starts XRP ETF Review ProcessGrayscale plans to convert its existing XRP Trust into a fully tradable ETF on the New York Stock Exchange (NYSE) Arca. The company launched its XRP Trust several years ago, similar to its Bitcoin and Ethereum trusts. If approved, the conversion would increase liquidity and accessibility for investors.The SEC’s acknowledgment is only the first step in the approval process. The filing will be published in the Federal Register, allowing a 21-day public comment period. After that, the SEC can approve, reject, or extend the review by initiating further proceedings.BOOOOOOOOOOOOOOOOOM!!!!The SEC has officially acknowledged the #XRP 19b-4 filings! ?? pic.twitter.com/tdq9gMyHo4— JackTheRippler ©️ (@RippleXrpie) February 13, 2025The decision follows a history of the SEC refusing to engage with altcoin ETF applications under former Chairman Gary Gensler. Solana ETF applications were withdrawn in recent months after the SEC declined to discuss them. The agency has also acknowledged filings for a Dogecoin ETF, a shift from past policies where altcoin ETF applications were typically rejected or withdrawn.XRPUSD Shows Bullish Momentum After SupportThe XRPUSD H1 chart shows that after finding support at 2.32750, the price made a bullish move. It faced rejection around 2.50000, followed by a bearish correction. After consolidating for a while, the price made a strong move upward. As of now, the price remains bullish and may continue its upward movement.Meanwhile, DeepSeek AI analyzed Ripple's legal situation, On-Demand Liquidity (ODL) adoption, and market trends to predict that XRP could trade between $3.50 and $5.00 by the end of 2025, as reported by Finance Magnates. The model assigns a 70% probability of a positive legal outcome for Ripple, which could boost investor confidence and institutional adoption. Increased use of Ripple's ODL platform may also raise demand for XRP. Market sentiment, especially Bitcoin's performance and global economic conditions, will influence XRP’s price movement.More Firms Await SEC XRP ETF AcknowledgmentOther firms, including Bitwise Invest, 21Shares, Canary Funds, and WisdomTree Funds, have also filed for XRP ETFs. However, their applications have not yet been formally acknowledged. Meanwhile, President Trump has nominated Paul Atkins as the next SEC chairman. Until his confirmation, Mark Uyeda is serving as the acting chairman.Ripple's Key Moves: Legal, DeFi, and PartnershipsRecently, Ripple has been engaged with several notable developments across various sectors. The company has partnered with Revolut and Zero Hash to expand access to its RLUSD stablecoin, aiming to strengthen its market position and challenge the dominance of USDT and USDC. This collaboration could enhance RLUSD’s visibility in the competitive stablecoin market.? New partner alert: Ripple USD – a trusted, transparent, and regulated stablecoin built for payments – is now available for trading on @ZeroHashX and @RevolutApp!Get $RLUSD: https://t.co/jrEiNBWKgN pic.twitter.com/36q5OU5xfa— Ripple (@Ripple) February 5, 2025In partnership with Portuguese currency exchange provider Unicâmbio, Ripple is now offering instant international payments between Portugal and Brazil. The service leverages Ripple’s payment platform, utilizing digital assets for efficient cross-border settlements.Ripple whales have been actively acquiring XRP tokens, with recent data showing that large investors purchased 520 million XRP during a recent price dip. This ongoing accumulation has drawn attention to Ripple's market activity.The SEC’s reassignment of Jorge Tenreiro, who previously oversaw cryptocurrency cases such as Ripple’s and Coinbase’s, has raised questions about the agency’s approach to crypto litigation. Tenreiro's move to the IT department has sparked speculation on how it might affect future decisions in Ripple's ongoing legal battle.JUST IN: ?? SEC Transfers Top Crypto Litigator Jorge Tenreiro to IT Department!He played a key role in both the @Ripple and @coinbase lawsuits, another sign this case is almost over! ??Comment Below & Follow For More!!??#Ripple #Coinbase $BTC $XRP pic.twitter.com/SN0OsaA4Cx— Good Morning Crypto (@AbsGMCrypto) February 5, 2025Ripple recently donated $100,000 in XRP to aid communities affected by California wildfires. Through The Giving Block platform, Ripple’s donation supports organizations like World Central Kitchen and GiveDirectly, contributing to relief efforts.In DeFi, Ripple has teamed up with Chainlink to integrate RLUSD with decentralized finance applications on Ethereum. This partnership aims to expand RLUSD’s use case, offering trading and lending features within the DeFi ecosystem..@Ripple x @Chainlink: $RLUSD has adopted the Chainlink standard for verifiable data to fuel DeFi adoption with real-time, secure pricing data. The future of stablecoins is here: https://t.co/mq3cThLGQJ pic.twitter.com/993Ac0o282— Ripple (@Ripple) January 7, 2025Ripple is exploring XRP’s potential inclusion in a US crypto reserve, though concerns about centralization have emerged. Ripple's David Schwartz defended the decentralization of the XRP Ledger, emphasizing its resilience to manipulation and its independent nature.In Japan, Ripple expects XRP Ledger adoption by banks by 2025, as stated by SBI CEO Yoshitaka Kitao. This initiative aims to improve cross-border payments and currency conversions for remittances, enhancing Japan’s financial infrastructure.Lastly, the XRP Ledger (XRPL) faced a brief disruption due to an issue with its consensus mechanism, causing validations to fail and ledgers to "drift apart." Ripple’s CTO David Schwartz confirmed the issue was resolved after a validator reset the consensus, restoring normal network operations. This article was written by Tareq Sikder at www.financemagnates.com.

Cryptocurrency exchange Bitget has received regulatory approval to operate as a Virtual Asset Service Provider (VASP) in Bulgaria. The license permits the company to offer trading, custody, and other digital asset services as it prepares for broader EU compliance under the Markets in Crypto-Assets (MiCA) regulations.As recently as December, the company stated that it intended to establish its regulatory hub in Europe in Lithuania. However, all indications now suggest that the final choice has fallen on Bulgaria.Bitget Receives Bulgarian Regulatory ApprovalThe crypto platform has received authorization from Bulgaria's National Revenue Agency to operate as a VASP, according to a company announcement sent to Finance Magnates today (Thursday).The regulatory approval enables Bitget to provide cryptocurrency trading, custody, and asset transfer services within Bulgaria. The license also permits public offerings of digital assets and wallet services in the jurisdiction.The authorization comes as the company prepares for compliance with the European Union's MiCA framework, which aims to establish standardized regulations for digital assets across EU member states."The successful application of the VASP license in Bulgaria is a part of Bitget's expansion strategy to serve users across the European Union," said Hon Ng, Chief Legal Officer at Bitget. "As the EU continues to lead with regulatory frameworks like MiCA, we see strong potential for sustainable growth and innovation in the region while maintaining compliance. Bulgaria serves as a strategic gateway for our European expansion, offering crypto-friendly ecosystems the chance to accelerate crypto's adoption."Another License AddedThe Bulgarian license adds to the company's existing regulatory approvals in several European jurisdictions including Poland, Italy, Lithuania, and the United Kingdom. In recent months, the exchange has also secured authorizations in El Salvador and established compliant operations in Vietnam.Interestingly, as recently as December, the company wanted to build a compliance team in Lithuania to ensure compliance with MiCA. At the time, Ng referred to Lithuania as the exchange's European hub. However, all indications now suggest that plans have changed, and Bitget has chosen Bulgaria instead.Under the VASP license terms, the exchange can facilitate cryptocurrency-to-fiat conversions and provide institutional custody services in Bulgaria. The approval also creates a framework for potential token offerings in the local market."In 2025, Bitget is bound to lead with aggressive global scaling, with a sharp focus on meeting compliance standards in every jurisdiction where we operate,” Ng added. “This approach supports increasing users' trust and ensures long-term growth as we align our operations with emerging regulations worldwide."The company reports serving over 100 million users across more than 150 countries. Recent initiatives include partnerships in sports marketing and regional expansion efforts across multiple jurisdictions.In the meantime, Bitget Wallet, the non-custodial crypto portfolio-building tool, reached the 60 million users mark, growing 300% in 2024. This article was written by Damian Chmiel at www.financemagnates.com.

ATFX was honored to participate in the ACBC NSW Chinese New Year Gala 2025, a premier event that brings together business and government leaders to celebrate the strong economic relationship between Australia and China. Held on February 10, 2025, at Doltone House Jones Bay Wharf in Sydney, the event provided an opportunity to engage with key stakeholders and reinforce ATFX’s commitment to the region.The gala was attended by Her Excellency the Honourable Sam Mostyn AC, Governor-General of Australia, who represents King Charles III, and Consul General Wang Yu of the People's Republic of China, highlighting the significance of the event in strengthening bilateral ties.Representing ATFX at the gala were Simon Naish, Country Head of ATFX Australia, and Jeffrey Siu, Chief Operating Officer (COO) of ATFX. During his speech, Jeffrey highlighted the importance of collaboration in today’s evolving global landscape. Coming from Hong Kong, he emphasized how ATFX, with operations in over 23 locations worldwide, thrives by embracing cultural diversity and fostering mutual understanding. He also expressed appreciation for the warm reception the company has received since establishing its presence in Sydney, marking its first full year of operation in Australia.“This gala is a testament to the strong ties and friendship between Australia and China,” Jeffrey Siu shared. “While the world has changed significantly, events like these remind us of the importance of collaboration and mutual understanding. ATFX is proud to be part of this community, promoting business ties and friendship between our nations.”The ACBC NSW Chinese New Year Gala serves as a significant platform for business leaders to discuss economic opportunities and strengthen relationships. As ATFX continues to expand its presence in Australia, its participation in such events reflects the company’s dedication to fostering global partnerships and providing innovative financial services.ATFX extends its best wishes for a prosperous Year of the Snake and looks forward to furthering collaboration in both the Australian and international markets.About ATFXATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities including the UK's FCA, Australian ASIC, Cypriot CySEC, UAE's SCA, Hong Kong SFC and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.For further information on ATFX, please visit ATFX website https://www.atfx.com. This article was written by FM Contributors at www.financemagnates.com.

CFI Financial Group, a contracts for differences (CFDs) broker with a strong presence in the Middle East, is now expanding into Central Asia by opening an office in Baku, the capital of Azerbaijan.CFI Enters AzerbaijanThe new office was established after setting up a local entity, CFI Financial Investment Company (CFI Azerbaijan).Its interest in the Azerbaijani market emerged last year when it acquired a local brokerage firm, AzFinance Investment Company. The brokerage giant then stated that it would rebrand the local firm to CFI, aligning it with its global brand.“Azerbaijan represents a fast-growing financial market with immense potential,” said Hisham Mansour, Co-Founder and Managing Director of CFI Financial Group.According to the World Bank, Azerbaijan has a population of over 10.1 million, with a per capita income of $22,640. The broker highlighted that launching CFI Azerbaijan will also help it expand in the surrounding region.Earlier, CFI appointed Ilgar Rustambayl as the CEO of its Azerbaijan unit. Interestingly, he is an outsider to the trading industry and previously held management roles at the international offices of Philip Morris International, The Coca-Cola Company, and MIG Bank.“The launch of our Baku office is more than just an expansion—it is a commitment to providing Azerbaijani traders and investors with a world-class trading environment featuring competitive conditions, advanced financial tools, and expert guidance,” Rustambayl said.Expansion amid Demand SurgeFounded in 1998, CFI operates regulated entities in multiple jurisdictions, including the UK, UAE, Jordan, and Lebanon. The company offers retail trading services through its online platform, with features such as zero-spread accounts and commission-free trading on certain products.Last December, CFI also launched its operations in South Africa and appointed Zihaad Israfil as the local CEO.Meanwhile, trading volume on the brokerage platform surged last year. As Finance Magnates reported earlier, CFI handled $1.12 trillion in trading volume in the last three months of 2024, a record for the broker. This article was written by Arnab Shome at www.financemagnates.com.

A federal judge yesterday (Thursday) ordered a hold on the Securities and Exchange Commission’s (SEC) lawsuit against crypto exchange giant Binance for 60 days. The order followed a joint request by both parties.Relying on the Crypto Task ForceIn their joint motion earlier this week, the two parties highlighted that the newly formed task force to review crypto regulations might "impact and facilitate the potential resolution of this case."The regulator formed the crypto task force last month, led by Republican Commissioner Hester Peirce, a staunch supporter of cryptocurrencies. It is also one of the first moves made by the agency under the interim leadership of Mark Uyeda, who replaced Gary Gensler as Acting Chair.President Donald Trump has already nominated Paul Atkins, a Washington lawyer and former Commissioner at the agency, as Gensler’s permanent replacement. However, his appointment is pending Senate approval. Unlike Gensler, who opened many high-profile cases against crypto companies, Atkins is seen as crypto-friendly.SEC’s Move against the Crypto GiantThe SEC sued Binance and its founder, Changpeng Zhao, in mid-2023, alleging that the exchange artificially inflated trading volumes, misused customer funds, and misled investors about its monitoring controls."The SEC’s case has always been without merit, and we are eager to put this behind us and continue our focus on keeping Binance the most secure, licensed, and trusted exchange in the world," a Binance spokesperson said earlier.In separate cases brought by the Department of Justice and the Commodity Futures Trading Commission (CFTC), the crypto exchange paid a total of over $7.1 billion in settlements and agreed to exit the US. Zhao also had to step down from his role as Binance's CEO and spent four months in prison.Meanwhile, under the new leadership, the SEC is reportedly scaling down its crypto enforcement division, which has more than 50 lawyers. This article was written by Arnab Shome at www.financemagnates.com.

The crypto bull market of late 2024 propelled Coinbase to a strong fourth quarter, with revenue reaching $2.27 billion. The company also experienced a solid growth in transaction volumes, boosted in part by renewed optimism in the regulatory landscape following Donald Trump’s election victory. According to the company’s report, Coinbase’s Q4 revenue climbed 88% quarter-over-quarter, reaching $2.27 billion. Transaction revenue hit $1.56 billion, a 194% jump compared to the previous year. Net income was $1.3 billion, while the adjusted earnings were $1.3 billion.Revenue and Trading VolumesThe total trading volume in the quarter surged to $439 billion, reflecting increased investor activity as crypto prices soared. Meanwhile, the company’s subscription and services revenue reached $641 million, benefiting from higher crypto asset prices and growing adoption of services like staking and Coinbase One.Beyond trading, Coinbase is focusing on expanding crypto’s real-world utility. The company has been strengthening its institutional adoption and international presence while developing new products to drive onchain finance.Its layer-2 platform, Base, has seen rapid growth, enabling developers to create new financial applications. Additionally, the company is prioritizing stablecoin adoption to facilitate seamless crypto payments for businesses and consumers.Our Q4 and FY 2024 financial results are now live. pic.twitter.com/R5LuW7pwI9— Coinbase ?️ (@coinbase) February 13, 2025Currently, Coinbase is advocating for clearer regulations in the US and internationally. Progress has been made on securing key licenses globally, while the U.S. is seeing growing momentum for legislation on stablecoins and market structure. The company also scored a legal victory in its ongoing dispute with the SEC, with a court granting its request for an interlocutory appeal in January 2025.Q1 2025 OutlookAs of mid-February, Coinbase has already generated approximately $750 million in Q1 transaction revenue. The company expects subscription and services revenue to fall between $685 million and $765 million. Meanwhile, transaction expenses are projected to remain in the mid-to-high teens as a percentage of net revenue, while operating expenses, including technology, development, and marketing, are expected to rise due to increased trading volumes and expansion efforts.Following the positive results, Coinbase stock saw modest gains in after-hours trading following the earnings report but had already climbed 8.5% earlier in the day after Robinhood also reported strong crypto-related earnings. This article was written by Jared Kirui at www.financemagnates.com.

Cyprus Investment Firms (CIFs) must ensure compliance with EU-wide regulations, according to a recent notice from the Cypriot regulator. The Cyprus Securities and Exchange Commission (CySEC) has outlined several CIFs' regulatory obligations. These rules reportedly align with the European Green Deal and require firms to integrate sustainability considerations into their operations. From transparency in investment strategies to enhanced risk management, CIFs must now ensure compliance with EU-wide regulations aimed at promoting a greener financial sector.Sustainability-Related ObligationsCySEC’s circular highlights several legislative acts that CIFs must adhere to, ensuring they incorporate sustainability risks and factors into their financial services. These obligations are in light of major EU regulations, including the Sustainability-Related Disclosures Regulation (SFDR), the EU Taxonomy, and updates to MiFID II.Under SFDR, CIFs offering portfolio management and investment advice must reportedly provide transparent sustainability-related disclosures.According to the watchdog, CIFs must publish policies detailing how they integrate sustainability risks into their investment decisions and remuneration policies. Additionally, the firms must inform clients about sustainability risks in pre-contractual documents, websites, and periodic reports.Ε683 - Υποχρεώσεις των ΚΕΠΕΥ σχετικά με τις βιώσιμες επενδύσειςhttps://t.co/34Y4Zm8g5VC683 - Sustainability-related obligations of CIFs— CySEC - Cyprus Securities and Exchange Commission (@CySEC_official) February 13, 2025Firms promoting environmental or social characteristics must meet additional disclosure obligations. The EU Taxonomy Regulation complements SFDR by providing a classification system for environmentally sustainable activities. This framework aims to combat greenwashing and help investors make informed choices. MiFID II and Sustainability IntegrationMiFID II has also been updated to incorporate sustainability considerations into investment services. CIFs must also integrate sustainability risks into organizational processes, risk management frameworks, and conflict-of-interest policies.These changes took effect on August 2, 2022, reinforcing the need for firms to embed sustainability into their advisory and portfolio management services. CIFs that manufacture or distribute financial instruments must incorporate sustainability objectives into their product design and distribution strategies. The European Securities and Markets Authority provides additional clarification on regulatory expectations, which CIFs should actively engage with. This article was written by Jared Kirui at www.financemagnates.com.