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Admirals Cancels UAE License While Selling Australian Subsidiary

Admirals Group AS announced that its subsidiary, Admirals MENA Limited in the United Arab Emirates, has requested the cancellation of its Financial Services Permission from the Financial Services Regulatory Authority.Join IG, CMC, and Robinhood in London’s leading trading industry event!Meanwhile, Admirals is selling its Australian subsidiary as part of a plan to optimise its geographic focus. The company said it has entered into an agreement with an unrelated party for the sale. The Australian entity is a wholly owned subsidiary of Admirals Group AS, the Estonian parent company that oversees several entities operating under the Admirals brand.Admirals Cancels UAE LicenseThe FSP covered the regulated activity of Dealing in Investments as Principal. The FSRA approved the cancellation, effective 4 November 2025. Admirals said the cancellation is part of its broader effort to focus resources on regions with higher growth potential. In 2023, the company also announced plans to merge with its Estonian subsidiary, Admirals Markets AS, and to withdraw that entity’s investment company license as part of the merger.AMTS Solutions Management Acquires Majority Stake from AdmiralsRecently, AMTS Solutions, long associated with Admirals Group AS, took a step toward independence after its management team acquired a majority stake. Led by Dmitry Rannev, co-founder Vitaly Myrsikov, and technical director Yuri Kovalenko, the buyout gives AMTS full control over operations, with Rannev holding 33% and Myrsikov 5%. Financial details of the deal were not disclosed.The company is shifting focus from primarily serving Admirals to expanding its client base and offering trading technology to a wider market. Key initiatives include a new web application for broker account administration and an aggregated liquidity pool under RannForex’s FSA license. AMTS also continues to develop its software stack, supporting multiple liquidity providers, flexible execution models, risk management systems, and advanced order execution features. With nearly two decades of experience, the firm aims to attract brokers with competitive pricing and operational efficiency, positioning itself for growth in the trading technology sector. This article was written by Tareq Sikder at www.financemagnates.com.

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Finfluencer Receives First Custodial Sentence in Hong Kong for Unlicensed Telegram Advice

The Eastern Magistrates’ Court in Hong Kong today (Friday) handed the first custodial sentence against a finfluencer, Chau Pak Yin, also known as Chau Kin Hei, for providing unlicensed investment advice through a paid Telegram chat group. The criminal prosecution was brought by the Securities and Futures Commission.Join IG, CMC, and Robinhood in London’s leading trading industry event!Regulators have increasingly warned about unlicensed financial promoters. Last week, the UK’s Financial Conduct Authority cautioned that some “finfluencers” promote offshore regulated firms and unrealistic returns, noting one case in which more than 90,000 investors lost about £75 million.Hong Kong Finfluencer Jailed for Telegram AdviceChau received a six-week prison sentence and was ordered to pay the SFC’s investigation costs. The court was told that between mid-April and mid-May 2021, he operated a paid Telegram group that admitted members of the public on a subscription basis.During that time, Chau shared commentaries, recommendations, and target prices on various securities and answered questions from paid subscribers about the performance of Nasdaq-listed stocks. He charged US$200 per month, earning US$5,580 in total.Regulator Targets Social Media Investment AdviceThe SFC’s Executive Director of Enforcement, Michael Duignan, said the regulator “will have no hesitation in holding finfluencers accountable when their provision of investment-related content and advice on social media and online platforms constitute regulatory activities for which they should have been licensed.”He added that unlicensed finfluencers may not meet “the SFC’s required standards of conduct and accountability,” potentially exposing investors to “significant risks and harm.”Chau was remanded in custody after his bail application was denied pending his intended appeal against the conviction and sentence.UK, UAE Regulators Target Rogue FinfluencersIn September, the FCA criminally charged three finfluencers for promoting high-risk CFDs on social media without authorisation. They pleaded not guilty and will appear in court in October 2025. The FCA noted CFDs are complex leveraged products, often resulting in losses for retail investors. This follows a broader crackdown on “rogue finfluencers,” including cease-and-desist letters, warning alerts, and interviews, reflecting increasing regulatory scrutiny of social media-based investment promotions.Meanwhile, the UAE’s Securities and Commodities Authority has become the first regulator to require a licence for individuals producing financial content online, covering investment advice, market commentary, or financial promotions through digital channels. This article was written by Tareq Sikder at www.financemagnates.com.

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Finance Magnates Awards 2025: Celebrating the Industry’s Top Performers

Last night, the Finance Magnates Awards 2025 brought together industry leaders, innovators, and executives for an evening of recognition and celebration. Hosted in Limassol, Cyprus, the ceremony honoured the top-performing companies across the online trading and fintech sectors.The Finance Magnates Awards are based on a transparent three-stage process: nominations, community voting, and evaluation by an expert panel. This structure ensures the winners truly represent the highest standard of excellence within the industry.Brokerage (B2C) WinnersNational Winners: Recognising leading brands making a substantial impact in their local markets.Best Affiliate Program Broker 2025 (UK) - Vantage UK Most Established Broker 2025 (UAE) - CFI Most Transparent Broker 2025 (Mexico) - 4XC Best Overall Broker 2025 (Indonesia) - Headway Best Spreads Broker 2025 (UK) - TraduFastest Growing Broker 2025 (Vietnam) - Vantage Broker of The Year 2025 (Thailand) - FBS Regional Winners: Honouring top performers across regional markets.Best Overall Broker 2025 (Asia) - iForex Most Innovative Broker 2025 (Europe) - iForex Europe Best Trading Experience Broker 2025 (LATAM) - RoboForex Most Innovative Broker 2025 (LATAM) - FP Markets (LATAM) Broker Of The Year 2025 (Asia) - FP Markets (Asia) Most Innovative Broker 2025 (MENA) - OneRoyal Broker Of The Year 2025 (Africa) - Headway Most Trusted Broker 2025 (MENA) - Deriv Most Trusted Broker 2025 (Asia) - Hantec Financial Most Transparent Broker 2025 (LATAM) - FotMarkets Broker of the year 2025 (LATAM) - Tickmill Most Transparent Broker 2025 (MENA) - CFI Most Innovative Broker 2025 (Asia) - CMC Markets SingaporeGlobal Winners: Celebrating global brokerages leading through innovation, trust, and growth.Broker Of The Year 2025 - FP Markets Most Transparent Prop Firm 2025 - Hola Prime Most Trusted Broker 2025 - RoboForex Most Established Broker 2025 - Blueberry Best Rising Star Broker 2025 - Hola Prime Markets Prop Firm Of The Year 2025 - FundedNext Best Overall Broker 2025 - Trading Pro Most Innovative Broker 2025 - Axi Best Trading Conditions 2025 - Deriv Fintech (B2B) WinnersInstitutional Trading: Recognising top liquidity providers and institutional technology leaders.Best Execution Broker 2025 - Axi Prime Best Trading Infrastructure Provider 2025 - OnePrimeBest Institutional Liquidity Service 2025 - CMC Connect Asia Tech for Brokers: Highlighting the most advanced trading and technology providers driving the sector forward.Best Prop Trading Technology Provider - Axcera Best Liquidity Pool Aggregator 2025 - oneZero Best Multi-Asset Trading Technology 2025 - Centroid Solutions Best White Label Solution for Brokers 2025 - Quadcode Brokerage SolutionsBest Broker Infrastructure Provider 2025 - FYNXT Most Innovative Payment Orchestrator 2025 - Paytiko Best Connectivity Technology 2025 - Your Bourse An Evening of Recognition and ConnectionThe ceremony took place at Carob Mill, Limassol, where top executives, partners, and innovators gathered for a black-tie gala dinner.The event featured a fine dining experience, live entertainment, and networking opportunities among global leaders from the trading and fintech industries.For More InformationVisit: https://awards.financemagnates.com This article was written by Finance Magnates Staff at www.financemagnates.com.

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Best Brokers to Trade Gold in 2025

Best Brokers to Trade Gold in 2025Gold has long been seen as a safe haven during times of market uncertainty, offering traders a way to preserve value and hedge against inflation. In 2025, as global markets face shifting economic conditions, many investors are turning to gold as a key part of their trading strategy. However, success in gold trading starts with choosing the right broker.This guide examines the best brokers for gold trading in 2025, comparing platforms, trading conditions, fees, and key features. Whether you are an experienced trader or just starting out, understanding the differences between these brokers can help you make informed decisions and navigate the gold market with confidence.How to Choose the Best Gold BrokerSelecting the right broker is a key step towards successful gold trading. With so many platforms available, it’s important to understand the factors that can influence your trading experience. Here are some of the most important points to consider when choosing the best gold broker:Regulation and SecurityAlways prioritise brokers that are regulated by reputable authorities such as the FCA, ASIC, CySEC, or the Central Bank of Ireland. Regulation provides a safeguard for your funds and ensures that the broker follows strict financial standards. Look for brokers that offer secure platforms with features like two-factor authentication (2FA), negative balance protection, and segregation of client funds.Spreads and Trading CostsThe cost of trading gold can vary significantly between brokers. Competitive spreads, particularly on XAU/USD, can have a big impact on profitability, especially for short-term traders. Some brokers, like FP Markets and Exness, offer raw spreads from 0.0 pips, while others may charge slightly higher spreads but offer additional features like risk management tools or educational content.Leverage OptionsLeverage allows traders to control larger positions with a smaller amount of capital, but it also increases risk. The best gold brokers offer a range of leverage options, catering to both conservative and aggressive trading styles. For example, Exness offers leverage up to 1:2000, while other brokers may cap it at lower levels to limit risk.Platforms and ToolsA reliable trading platform is essential for efficient gold trading. Look for brokers that support popular platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), or cTrader, as well as those offering advanced charting, market analysis tools, and fast order execution. Some brokers also provide access to custom tools like Autochartist, VPS hosting, or risk management features such as AvaProtect.Minimum Deposit RequirementsConsider your starting capital and whether the broker’s minimum deposit aligns with your budget. XM, for example, has a low entry barrier with a minimum deposit of just $5, while other brokers like FP Markets require $100 or more to open an account.Range of Gold InstrumentsSome brokers focus solely on gold CFDs like XAU/USD, while others offer additional pairs such as XAU/EUR or XAU/GBP. A wider selection of gold instruments can provide more trading opportunities, particularly for those looking to diversify their strategy.Customer SupportReliable customer service can make a significant difference, especially when you need help with account issues, platform queries, or trade execution. Check if the broker offers multi-language support, live chat, email, or phone assistance, and whether support is available 24/5 or 24/7.Top Gold Trading Brokers in 20251. PepperstonePepperstone offers a strong platform for gold trading, providing access to multiple gold pairs, including XAU/USD, XAU/EUR, and XAU/GBP. With tight spreads starting from $0.05 and advanced tools such as Autochartist and Smart Trader Tools, it caters to both novice and experienced traders. The broker supports MT4, MT5, cTrader, and TradingView platforms, ensuring flexibility and comprehensive charting capabilities. Regulated by ASIC, FCA, and CySEC, Pepperstone is well-regarded within the trading community.2. ExnessExness, one of the world’s largest retail brokers, offers the best spreads on XAUUSD,* supported by deep liquidity and advanced pricing technology. Its intuitive web terminal includes one-click trading and customizable watchlists, while support for MT4 and MT5 caters to traders who prefer automated strategies.Exness holds multiple regulatory licenses and provides a transparent, and technology-driven trading environment trusted by professionals worldwide.*Best XAUUSD spreads claim based on data collected from 12-25.05.2025, compared to the commission-free accounts of other brokers. 3. FP MarketsFP Markets offers ECN pricing with raw spreads starting from 0.0 pips on gold trades. The broker provides access to MT4, MT5, and Iress platforms, accommodating a range of trading styles. With VPS hosting and a variety of analytical tools, FP Markets is a solid choice for professional traders seeking low latency and advanced features. Regulated by ASIC and CySEC, it ensures compliance with international standards.4. AvaTradeAvaTrade offers a broad range of trading instruments, including CFDs, options, and ETFs on gold. The broker provides access to MT4, MT5, and its proprietary AvaTradeGO platform, catering to different trading preferences. Features such as AvaProtect, which offers protection against losses, and a comprehensive suite of educational resources make AvaTrade a good option for traders seeking variety and learning support. It is regulated by multiple authorities, including the Central Bank of Ireland and ASIC.5. XMXM is known for its low entry barrier, requiring a minimum deposit of just $5. The broker offers competitive spreads on gold trading and supports both MT4 and MT5 platforms. Features such as negative balance protection and a loyalty programme make XM an attractive option for beginners. It is regulated by authorities including ASIC and CySEC, ensuring a secure trading environment.Gold Brokers – Comparison TableFinal ThoughtsChoosing the right broker for gold trading in 2025 depends on your goals, trading strategy, and experience. Each broker offers a unique mix of features, including low spreads, high leverage, advanced platforms, educational resources, and a range of trading instruments.When comparing brokers, consider trading costs, available platforms, support for different strategies, and the quality of customer service. Understanding these factors will help traders navigate the gold market more effectively and select a broker that suits their needs.FAQsWhat is the best broker for gold trading in 2025?The best broker for gold trading depends on individual preferences, such as trading goals, experience, and preferred features. Key factors to consider include available platforms, spreads, leverage, educational support, and overall user experience.Which brokers offer the lowest spreads on gold?Brokers such as FP Markets and Exness offer competitive spreads on gold, with raw spreads starting from 0.0 pips under certain trading conditions.Can I trade gold with a small deposit?Yes, some brokers offer low minimum deposit requirements, with options starting from as little as $5, making gold trading accessible for beginners.Are these brokers regulated?Yes, all brokers discussed are regulated by reputable authorities, including ASIC, FCA, CySEC, and the Central Bank of Ireland, ensuring compliance with international standards.Do these brokers support automated trading?Yes, several brokers provide support for automated trading through platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing traders to use expert advisors and trading algorithms. This article was written by Finance Magnates Staff at www.financemagnates.com.

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Merrill Lynch Playing Ball as Bank of America Rewrites Wealth Playbook

Merrill Lynch is chasing steadier money, more advisors, and a broader base of “wealth” clients, redefining what wealthy even means.Wealth Management: A Changing Market?The name Merrill Lynch is synonymous with wealth. Back in the day, the bull logo meant old-school prestige, private client advisors with corner offices, and asset minimums that quietly filtered out anyone without a boat or two. Today, the landscape looks different. Bank of America, Merrill’s parent company since 2009, is reengineering what wealth management means, who counts as wealthy, and how to serve them profitably in an era when clients expect market insight, financial therapy, and a sleek app. Merrill isn’t struggling. It’s performing steadily and intentionally, but it’s in the middle of a strategic identity update.This is not a pivot for the sake of vibes. At the company’s recent Investor Day, it was clear that Bank of America sees wealth management as the future. It offers recurring fees, cross-selling opportunities, and fewer existential headaches than lending in a volatile rate environment. Today, the bank wants a bigger slice of the wealth management market where revenue is steadier and less tied to market swings.Merrill Lynch is shifting from aggressive expansion to moderate, smart growth by deeply integrating with Bank of America. The focus is on organic growth through cross-selling to BofA's retail base, enhanced by technology and personalization, prioritizing advisor retention and… pic.twitter.com/MKra7Am4eR— anreads (@newyorktaxcon) November 7, 2025The strategy is clear. The execution is ongoing. The tone is politely urgent.Moderate Growth, Not HyperventilationMerrill is not trying to dominate the world in one dramatic power move. Instead, it is “targeting moderate asset growth,” while Bank of America refines the broader wealth strategy. This is less about explosive expansion and more about consistency. Think: jogging in breathable fabrics instead of sprinting in dress shoes.The idea is to deepen relationships rather than chase every dollar. Merrill wants to win clients who stick around. Ones who open banking accounts, talk about retirement planning, and, ideally, bring family members into the fold. It is loyalty economics. Sticky money. The financial industry prefers euphemisms, but we all know what this is about. The end goal? A rise for wealth management margins of around 5%.[#highlighted-links#] Headcount Is Back in StyleThe old narrative was that tech would replace advisors. Now, Merrill is hiring like it is trying to bring back the 90s. According to reports, Merrill is leaning heavily on headcount growth in its pursuit of a 30 percent profit margin. This means experienced advisors, yes, but also a pipeline of trainees, with a reported 2,400 students enrolled. It is an investment in human capital that the industry once declared inefficient. Turns out, humans still like talking to humans about their money.Merrill Lynch plans to bolster its FA ranks to bring in more high-net-worth clients. Firm leaders say private markets products could make up as much as 10% of client assets in the future, up from 3% today.https://t.co/Prsw66d99C pic.twitter.com/gp4IRP86EI— Financial Advisor IQ (@FinAd_IQ) November 6, 2025But this is not the return of the lone-wolf advisor archetype. Merrill is also pushing banking and advisory accounts that tie clients more closely into the Bank of America universe. Checking, lending, brokerage, advice. The whole box set. For example, there are reportedly 9.5 million clients of Bank of America who do not hold a Merrill account. Cross-selling is not new, but it has evolved. The bank wants clients who treat Merrill as their financial home page, not just their investment side quest.“Advisor-driven flows are a core part of our organic growth and a core part of how we will accelerate organic growth,” Merrill Co-Head Lindsay Hans told an audience attending BofA’s Investor Day.We’re proud to share that Lindsay Hans, President and Co-Head of Merrill Wealth Management, has been named to @AmerBanker's Most Powerful Women in Finance list. Her leadership continues to shape the future of our business and our industry. Please join us in congratulating… pic.twitter.com/Lsd3CZrGVk— Merrill Lynch (@MerrillLynch) October 9, 2025Wealth Is a Spectrum, Not a ClubThe most interesting shift is philosophical. Wealth used to be defined by minimum balances and gated services. Now, Bank of America is expanding who it considers a wealth client. The rising “mass affluent” segment is the next big battleground. These are not individuals who walk into private banking with inherited trust funds. These are professionals with stable incomes, long-term planning goals, and a desire to not feel judged when they ask what a municipal bond actually is.Bank of America wants to capture more of these households as they grow. It is a long game. Acquire early. Advise continuously. Harvest loyalty later. High-end wealth management is still part of the picture, but the definition of “wealth” is widening. This is what happens when generational finance meets demographic change.The Margin Holy GrailThe 30 percent margin target is not just a goal. It is the gravitational center around which strategy is forming. Merrill is working to integrate client banking, expand advisory accounts, and increase advisor productivity in pursuit of that number. Efficiency is not a Wall Street buzzword here. It is the metric that defines success.This is not about cutting quality. It is about creating a machine where advisors do more advising and less administrative juggling. It is about client segmentation that actually means something. And it is about building a system where clients do not feel like they are being sold to even when, technically, they are.So, Where Is This Going?Merrill’s identity is evolving. It is still a prestige brand, but it is now tasked with playing well inside a much larger corporate ecosystem. Bank of America is betting that wealth management can grow across the full income curve, that advisors remain indispensable, and that clients want financial guidance from a place that feels stable. The ambition is not to be the flashiest, but to be the most durable.Wealth management used to be about exclusivity. Now it is about scale with taste. And the bull is carefully entering the china shop.For more stories around the edges of tech and finance, visit our Trending pages. This article was written by Louis Parks at www.financemagnates.com.

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IUX Marks a Milestone of Success at Money Expo Dubai 2025

IUX marked a key milestone at Money Expo Dubai 2025. The company’s client-first approach and innovative solutions resonated with exhibitors and attendees, elevating brand visibility and strengthening relationships across MENA and Asia.Experiential Booth EngagementDesigned as an experiential campaign, the IUX booth invited hands-on discovery. The Car Simulator Game became a crowd favorite, drawing steady queues and sparking genuine conversations. These interactions helped the IUX team listen to participant needs and spotlight what sets IUX apart: multi-language customer support, competitive spreads, and a platform engineered for reliability and ease of use.Thought Leadership on StageA major highlight was the speaking session by Alex Delarue, Regional Commercial Director, which drew a highly engaged audience. Alex’s presentation provided valuable insights into the future of fintech and trading, further solidifying IUX’s reputation as a thought leader in the industry. The session also featured exciting prize giveaways, encouraging additional interaction and participation.Recognition and the Road AheadAt Forex Dubai Expo 2025, IUX was honored with the Top Low Spread Broker award, reflecting its commitment to fair, efficient trading conditions. IUX strengthened ties with IBs, Master IBs, and fintech infrastructure partners, opening promising B2B and affiliate opportunities. Equally important, market feedback gathered on the floor will inform near-term enhancements to the service experience. IUX’s success at Money Expo Dubai 2025 underscores the company’s commitment to steady, responsible growth and will help shape its roadmap across MENA and Asia, ensuring it continues to deliver an experience that puts clients first.Watch the Highlights This article was written by FM Contributors at www.financemagnates.com.

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TrustFinance Releases Analysis of Key Financial Industry Trends for 2026

TrustFinance has shared new insights outlining the top financial industry trends to watch in 2026, emphasizing how artificial intelligence (AI), evolving regulations, and transparency are transforming the global financial landscape.According to the TrustFinance Research Team, 2026 is shaping up to be a year of operational maturity for the finance sector. Institutions are moving from digital transformation to AI-driven autonomy, supported by stronger governance frameworks and increasing demands for sustainability and verified transparency.“Trust and accountability have become essential to sustainable success in the financial industry,” said the TrustFinance Research Team. “We’re seeing technology and regulation align in ways that will redefine how financial companies operate and how investors assess credibility.”The analysis points to several current trends in financial services that will shape the coming year:AI Integration: Artificial intelligence shifts from support tools to central systems driving risk analysis, compliance, and customer engagement.Regulatory Evolution: Initiatives such as DORA, PSD3, and DAC8 strengthen cybersecurity, data integrity, and consumer protection.Sustainability in Focus: ESG standards and responsible AI use become key criteria for investors and regulators.Transparency as Strategy: Verified information, visible licensing, and authentic customer reviews become primary trust indicators for investors.These financial technology trends show how innovation and transparency are now interconnected, influencing both investor confidence and corporate resilience.The full analysis, Top Financial Industry Trends to Watch in 2026, is available on the TrustFinance Blog.About TrustFinanceTrustFinance https://www.trustfinance.com/ is a Singapore-based financial information and review platform promoting transparency across the global financial industry. The platform helps traders and investors make informed decisions by providing verified company data, regulatory insights, and authentic customer feedback.For more information, uses can visit www.trustfinance.com This article was written by FM Contributors at www.financemagnates.com.

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CentFX Named Best B2B Liquidity Provider At Forex Expo Dubai 2025

Regulated multi-asset online broker CentFX has been named ‘Best B2B Liquidity Provider’ at Forex Expo Dubai 2025, where it was Diamond Sponsor. The prestigious award reflects the company’s dedication to innovative trading solutions that deliver deep liquidity and reliable execution for clients and partners globally.CentFX offers access to over 400 instruments, including forex, indices, and metals, via the advanced MetaTrader 5 (MT5) platform. Through four unique account types - Micro, Standard, ECN, and Custom - it caters to all traders, providing competitive conditions, tight spreads, and fast execution across markets.A Platform That Prioritises Trust, Quality & ReliabilityFounded in 2022 by a team of dedicated traders, CentFX is committed to financial excellence and innovation in the world of online trading. The broker is on a mission to provide everyone, regardless of background, with a superior trading experience that relies on three core principles: trust, quality, and reliability.Traders benefit from competitive conditions, ensuring market accessibility regardless of account size. These include spreads from 0 pips, $10 minimum deposits, leverage of up to 1:1000, and swap-free account options. CentFX also works with top-tier liquidity providers to ensure fast and reliable trade execution with minimal requotes.The broker prioritises regulation and security, with licences to operate from multiple respected authorities worldwide. These include the Australian Securities and Investments Commission (ASIC), the Financial Crimes Enforcement Network (FINCEN) in the United States, and the Financial Services Commission (FSC) of Mauritius.Combining Crypto & Traditional Trading In OneCentFX offers more than just traditional forex and CFD trading. With its innovative crypto-to-cash solution, CentPay, clients can seamlessly exchange their crypto holdings to fiat and spend the currency via Mastercard. This combines the best of crypto and everyday financial services, giving users immediate spending power at millions of locations worldwide, without complex processes or hidden fees.The technology behind CentPay is supported by the company’s secure and efficient digital asset exchange, CentXchange. The user-friendly platform enables clients to buy, sell, and trade popular cryptocurrencies smoothly in a secure environment. It also includes innovative features like the ability to stake crypto and trade crypto futures, as well as engage in peer-to-peer (P2P) trading, where coins can be exchanged directly with other clients.CentPay and CentXchange are perfect complements for the broker’s traditional MT5 offering, empowering traders with even more diversified investment options.A Multi-Award-Winning Broker That Inspires ConfidenceSince starting operations 3 years ago, CentFX has grown rapidly, earning both the trust and respect of traders and the wider FinTech industry. Nowhere is this reflected more than in the impressive 18 awards and accolades the broker has received for the quality of its products and services.In 2025 alone, CentFX was named ‘Fastest Growing Broker’ at IFX Expo Dubai, ‘Best Forex Broker Asia’ at ProFX Expo, ‘Best Liquidity Provider’ by Fazzaco Dubai, and ‘Top Liquidity Provider & Financial Derivatives Trading Platform’ at Money Expo. These are in addition to its most recent award from Forex Expo Dubai, and those earned in 2024, which include ‘Most Transparent Broker’ and ‘Most Trusted Broker Dubai’.These awards act as badges of honour, signifying to traders worldwide that CentFX is a reliable broker that can be trusted, and one that is invested in its clients’ success.More Exciting Developments Still To ComeThe impressive milestones CentFX has achieved thus far are just the beginning. It still has a number of exciting developments in the pipeline, including participation in other global expos, as well as the launch of new products and services. CentToken is one of these, something the broker is excited to announce is coming soon.Set to power the next evolution of the CentFX ecosystem, CentToken is a cutting-edge cryptocurrency focused on scalability, security, and versatility. Built on a decentralised network that ensures secure, immutable, and transparent transactions, the coin will provide seamless utility across a range of verticals. These include decentralised finance (DeFi), gaming, and e-commerce. This means clients will have new ways to interact with and engage in crypto and blockchain technology, providing them with more options than ever when it comes to managing their digital assets.Learn more about CentFX and how it's bridging the gap between digital and traditional finance at https://centfx.com/. This article was written by FM Contributors at www.financemagnates.com.

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IG Offers 3% Interest on Held Shares and ETFs under New Singapore-Focused Brand

The Singapore unit of IG Group (LON: IGG) has launched a new brand, called IG Markets, and is offering 3 per cent annual interest on shares and exchange-traded funds (ETFs) held on its platform, the company announced today (Friday).Join IG, CMC, and Robinhood in London’s leading trading industry event!Push Beyond CFDsThe move came weeks after Gavin Chia, the CEO of IG’s Singapore division, said that he plans to expand the investment platform beyond its dominant contracts for difference (CFD) offerings.Although many investment platforms offer interest on uninvested cash, the concept of “interest on shares” is unique.“In an environment where interest rates are softening, investors are looking for new ways to stretch their dollar,” Chia said.However, it remains unclear how IG would benefit from offering 3 per cent interest on shares and ETFs.The offerings, which IG did not label as promotional, will provide interest on shareholdings up to S$50,000, with no minimum sum or lock-in period. Furthermore, investors need to execute at least one trade each calendar month.Under the new IG Markets brand, IG is offering its Singapore-based customers access to their local market, as well as major global markets, including the United States, the United Kingdom, Hong Kong, and Japan.Diversifying GloballyHeadquartered and listed in London, IG is diversifying from its core CFD offerings not just in Singapore but globally. One of the areas where it sees value is cryptocurrencies. The platform has started offering physical cryptocurrencies through a third-party partnership, has bought a crypto exchange licensed in Australia and Singapore, and also acquired the UK regulator’s approval to offer crypto directly in the country.While IG’s trading revenue for the first quarter of the current financial year marginally declined, its customer base continues to rise. Interestingly, its regional revenue from the APAC and Middle East markets, despite being lucrative markets, fell by 18 per cent. This article was written by Arnab Shome at www.financemagnates.com.

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Elon Musk’s $1 Trillion Tesla Pay Package Approved — He Must Meet These 4 Conditions

The shareholders of the electric car maker Tesla (Nasdaq: TSLA) have approved a historic $1 trillion payout for the company’s CEO, Elon Musk, who also happens to be the world's richest man.Discover how neo-banks become wealthtech in London at the FMLS25.$1 Trillion Pay Plan for Elon MuskThe payout proposal was approved by a majority of 75 per cent of Tesla shareholders in the company’s annual general meeting yesterday (Thursday). Musk, who currently holds about 13 per cent of the company’s stake, and his brother, Kimbal, who also serves on Tesla's board, were allowed to vote on the pay package.However, the $1 trillion pay package is not just another handout; rather, Musk has to fulfil specific ambitious targets to receive the highest executive pay package in history, which would also make him the first dollar trillionaire.The payout is split into 12 tranches of stock options that vest, each of which will be unlocked upon meeting specific financial and operational goals.The key milestones Musk must achieve for the $1 trillion payout are:The payout will start when Tesla’s valuation climbs in steps, beginning at $2 trillion and ultimately requiring about $8.5 trillion for full vesting. Tesla’s current market cap is $1.54 trillion.The operational goals include the delivery of 20 million Tesla vehicles cumulatively over the decade, a volume more than twice the company’s total output of the prior dozen years.He also needs to put 1 million robotaxis into commercial operation and deploy 1 million humanoid robots (Optimus).He further needs to achieve up to $400 billion in “core profits” over the period, included among the plan’s financial hurdles for vesting.The Future of Tesla Is Beyond CarsMusk will receive the payout in the form of stock options, which would increase his stake in the company to around 25 per cent.“What we're about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book,” Musk said after taking the stage in Austin, Texas, and dancing to the chants of his name. “Other shareholder meetings are snoozefests, but ours are bangers. Look at this. This is sick.”Elon Musk puts on a dance performance alongside robots after $TSLA shareholders voted to approve his $1,000,000,000,000 pay package:"What we're about to embark upon is not what we're about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book." pic.twitter.com/UIB2uzJWzd— Yahoo Finance (@YahooFinance) November 6, 2025However, not all the major Tesla shareholders were in favour of Musk’s massive pay package. Several major institutional investors, including Norway's sovereign wealth fund and the California Public Employees' Retirement System (CalPERS), rejected the pay package.The Tesla board, on the other hand, argued that if the pay package was not approved, Musk might leave the company, and it could not afford to lose him at this stage.Meanwhile, the $1 trillion pay package is not the first exorbitant pay package Musk has received at Tesla. His earlier compensation deal of $56 billion was challenged in court by several Tesla shareholders, despite his delivering extraordinary targets for the company. This article was written by Arnab Shome at www.financemagnates.com.

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EU’s Competition Watchdog Investigates 1999 Deal Between Deutsche Börse and Nasdaq: Report

A decades-old partnership between Deutsche Börse and Nasdaq has drawn fresh scrutiny from Brussels. The European Commission has launched an antitrust investigation into possible collusion between the two stock exchange operators over Nordic derivatives, alleging the firms may have restricted competition through a 1999 cooperation agreement, the Financial Times reported.Join buy side heads of FX in London at fmls25The probe, announced on Thursday, sent Deutsche Börse shares down as much as 7.3% before recovering part of the loss. By early afternoon, the stock was still down around 4% in Frankfurt. Nasdaq shares slipped 0.3% in pre-market trading in New York.Commission Concerned About Market CollusionThe European Commission said it suspects Deutsche Börse and Nasdaq may have coordinated to avoid competing in the listing, trading, and clearing of certain derivatives.Regulators are also examining whether the firms shared sensitive commercial information or allocated demand between them. The investigation follows unannounced inspections conducted at both exchange groups in September 2024.The focus of the probe is a 1999 cooperation agreement between Eurex, Deutsche Börse’s derivatives arm, and the Finnish derivatives exchange HEX, which later became part of Nasdaq. Under the arrangement, Eurex handled the trading of the most liquid derivatives, while HEX marketed Eurex products and memberships in the Nordic and Baltic regions.You may also like: My Forex Funds Outlines 2025–2026 Roadmap as Prop Firm Signals ReturnDeutsche Börse said the partnership had been intended to “deepen liquidity” and “create efficiencies” in the Nordic market, describing it as a pro-competitive initiative that benefited investors. The company added that the agreement had been public and reviewed by the European Commission at the time. The cooperation ended in 2023. Nasdaq echoed that stance, saying the agreement had been lawful and transparent. Potential Fines and Financial ImpactWhile the European Commission can impose fines of up to 10% of a company’s global revenue, which would amount to around €600 million for Deutsche Börse, analysts believe the financial risk is limited.Citibank analysts estimated that the 1999 Eurex-HEX cooperation generated about €5 million annually for Eurex, suggesting any potential penalty would likely be modest relative to Deutsche Börse’s overall business.Deutsche Börse operates the Frankfurt Stock Exchange and Eurex, Europe’s largest derivatives marketplace. Nasdaq, which absorbed HEX through a series of mergers in the 2000s, remains one of the world’s biggest exchange operators. This article was written by Jared Kirui at www.financemagnates.com.

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Finance Magnates 2025 Awards Return to Cyprus for a Night of Industry Recognition

Finance and fintech professionals gathered in Limassol on Thursday for the Finance Magnates Annual Awards 2025, an event marking another year of recognition for achievements across the global financial landscape.Join IG, CMC, and Robinhood at London’s leading trading industry event!Hosted at the Carob Mill, the evening included a welcome cocktail, dinner, award presentations, and an after-party. It brought together brokers, fintech developers, and service providers for an opportunity to showcase their performance and contribution to the trading sector.The Winners in the Different CategoriesThe awards featured different categories: B2C brokerage brands, B2B fintech brands, institutional trading, and tech for brokers. The B2C category focused on forex brokers competing in national, regional, and global categories. Each represented firms noted for market participation, client experience, and operational transparency.The B2B categories focused on fintech and technology providers supporting the trading ecosystem. These included institutional trading infrastructure, liquidity technology, and tools developed for brokerages and financial institutions.The Finance Magnates Awards 2025 maintain a shared voting system between community members and an expert panel. Each group contributes 50% of the final outcome.The community vote allows traders and professionals to support their preferred brokers or fintech brands. The expert panel assesses performance, reliability, and innovation before finalising the other half of the results.Voting Combines Public and Expert ReviewVoting rules are designed to ensure fairness. Each participant can vote once per category, and brands are recognized only in the category where they receive the strongest support.The awards serve as a structured platform for acknowledging performance across global finance by combining professional insight and community participation, while offering an overview of key players shaping brokerage and fintech developments.Agenda18:30 – 20:00 | Welcome Cocktail & Networking20:00 – 20:15 | Ballroom Entrance & MC Welcome20:15 – 21:40 | Gala Dinner21:40 – 22:15 | Awards Ceremony 22:15 – 23:45 | After-Party Dress Code: Black Tie This article was written by Jared Kirui at www.financemagnates.com.

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XTB Halts New Accounts in Brazil After Ending Local Partnership

XTB has suspended the opening of new accounts for residents in Brazil following the termination of its partnership with Finvest DTVM Ltda. As reported by Finance Magnates last week, XTB began reconsidering its entry into Brazil less than a year after securing regulatory approval. The brokerage cited protectionist measures that have complicated the operating environment for foreign firms.XTB Pauses Account OpeningsThe brokerage will also deactivate the partnership website as it updates its operating model in the country.Join IG, CMC, and Robinhood at London’s leading trading industry event!A notice on the website stated that the change would not affect current clients, including the security of their funds or the quality of service. No timeline for resuming new account openings has been provided.Profit Drop Drives XTB Brazil ReassessmentXTB said earlier that it was reassessing its entry into Brazil, citing “current conditions in the Brazilian brokerage sector, especially local protectionist measures” as preventing it from launching operations in one of Latin America’s largest economies. The move follows a sharp profit drop, with net income falling 74% year-over-year to PLN 53.2 million in the third quarter, down from PLN 203.8 million a year earlier. Revenue declined 20.1% to PLN 375.8 million as subdued volatility across financial and commodity markets limited profitability per contract. The company noted that most popular instruments moved within narrow price ranges.Indonesian Onboarding Begins, Chile License SecuredDespite challenges in Brazil, XTB is advancing its expansion in Asia and other regions. Its Indonesian subsidiary has started onboarding clients, offering stocks and ETFs, with CFDs planned for early 2026, following its licensing at the end of last year. In Latin America, XTB obtained a Chilean securities license in February, with client onboarding expected in the first half of 2025. The firm also launched its multi-currency eWallet, supporting 19 currencies, which had nearly 22,000 activations by September. This article was written by Tareq Sikder at www.financemagnates.com.

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Spain’s Forgotten Bitcoin Treasure Turns into a $10 Million Research Fund

A public research institute in Spain is preparing to sell a long-forgotten Bitcoin reserve now valued at more than $10 million. The Institute of Technology and Renewable Energies, part of the Tenerife Island Council, purchased 97 Bitcoin in 2012 for about $10,000 as part of a blockchain study.Digital assets meet tradfi in London at the fmls25Cases of forgotten or inaccessible Bitcoin holdings are not uncommon. NBA star Kevin Durant has reportedly been unable to access a Coinbase account containing Bitcoin purchased in 2016.In the UK, James Howells continues his long-running effort to recover a discarded hard drive in Newport, which he says contains about 8,000 Bitcoin, now valued at hundreds of millions of dollars.Spanish Council Faces Hurdles Selling BitcoinAccording to the Spanish newspaper El Día, the council is completing the process to liquidate the assets. Tenerife’s innovation councillor, Juan José Martínez, said the sale will be managed through a Spanish financial institution authorized by the Bank of Spain and the National Securities Market Commission.The transaction has faced delays due to the reluctance of some European banks to handle Bitcoin-related operations, citing regulatory uncertainty and price volatility. Martínez said the sale is expected to be finalized in the coming months.?ALERT: SPANISH INSTITUTE TO SELL $10M IN BTC BOUGHT FOR $10K IN 2012Researchers who purchased 97 $BTC for a blockchain study are now cashing out to fund quantum research. pic.twitter.com/dKoIQT3oBY— Coin Bureau (@coinbureau) November 6, 2025Funds from the liquidation will be redirected to ITER’s new research programs, with a focus on quantum technologies. He noted that the Bitcoin purchase was part of a technical experiment rather than a financial investment.Europol Supports €460M Crypto Scam ProbeRecently, Spanish authorities, with Europol support, dismantled a crypto investment fraud ring and arrested five individuals linked to laundering €460 million from over 5,000 victims worldwide. The arrests, including three in the Canary Islands and two in Madrid, are part of an ongoing investigation. The suspects reportedly used international networks, multiple accounts, and payment gateways to move funds. Europol noted the growing scale and sophistication of online fraud across the EU. This article was written by Tareq Sikder at www.financemagnates.com.

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My Forex Funds Outlines 2025–2026 Roadmap as Prop Firm Signals Return

My Forex Funds (MFF) released a new road map, saying it is planning to regain full control of its assets, including “data and data sources.” Afterwards the embattled proprietary trading firm plans to conduct a “comprehensive analysis” of the data before announcing the next steps.Join IG, CMC, and Robinhood in London’s leading trading industry event!"After the court order is finalized, Canadian regulators may continue to review. However, we will be regaining full control of our assets, including data, data sources, systems, and more, which will allow us to conduct a comprehensive analysis," the company mentioned."This process will begin once our support team is fully onboarded. Once the analysis phase is complete, we’ll be in a much stronger position to share what comes next."US Victory and Unwinding Canadian Receivership Also in the detailed road map shared today (Thursday), MFF highlighted US case victory, unwinding Canadian Receivership, and the return of the Canadian asses as some of the other milestones.Dear MFF Family and Prop Community,Our roadmap is more than just a plan; it’s a journey we’re taking together with our community. We’re opening the doors to transparency - keeping you informed of each step, challenge, and achievement along the way. From early victories to… pic.twitter.com/hNGC9yTFwv— MyForexFunds (@MyForexFunds) November 6, 2025According to the company, it expects a return of the Canadian assets, which is reportedly pending the final court order, this month. If all go according to plan MFF aims to gain access to systems and data, reportedly including missing data, next month. And between next month and January next year, the prop firm expects to reassemble its team, and later “open support channels and start communicating with traders.” Findings from Earlier ProceedingsLast year, court filings showed that the U.S. Commodity Futures Trading Commission’s lead attorney, Ashley Burden, acknowledged being“ careless and sloppy” in handling the My Forex Funds investigation. Among the errors was the mischaracterization of a CAD 31.5 million tax payment as misappropriated funds, an oversight that contributed to the freezing of company assets. These admissions exposed serious procedural flaws within the CFTC’s case preparation.In May 2025, the agency placed four attorneys and one investigator involved in the case on administrative leave pending an internal ethics review. The CFTC said the review focused on potential breaches of professional and government ethics, including the submission of inaccurate information during court proceedings. A U.S. federal judge later dismissed the CFTC’s fraud case against Traders Global Group Inc., the parent company of My Forex Funds, with prejudice, following the recommendation of Special Master Jose L. Linares. This article was written by Jared Kirui at www.financemagnates.com.

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BGC Reports Record Quarter With 31% Jump in Revenue and Strong Earnings

BGC Group reported record third-quarter results for 2025, with revenues climbing 31% year over year, driven by strong performance across its FMX and Fenics trading platforms. Growth spanned all major regions and asset classes.Join buy side heads of FX in London at fmls25Total revenue for the quarter reached $736.8 million, up 31.3% from the previous year. Excluding OTC, revenue rose 11.9% to $627.9 million, marking another quarterly record.Regional results showed broad-based gains, with EMEA revenue up 37%, Americas up 28%, and APAC up 17%. Pre-tax adjusted earnings climbed 22.4% to $155.1 million, while post-tax adjusted earnings rose 11.5% to $141.1 million, or $0.29 per share. Adjusted EBITDA increased 10.7% to $167.6 million.“We delivered another outstanding quarter, with record third quarter revenues of $737 million, up 31 percent from $561 million a year ago,” John Abularrage, the Co-Chief Executive Officer, commented. “Revenues of $628 million, excluding OTC, was also a record, driven by growth across every asset class and geography.”Record Revenues Across All SegmentsFMX’s U.S. Treasury segment achieved average daily volumes (ADV) of $59.4 billion, up 12% year-on-year, lifting market share to an all-time high of 37%, compared with 35% in the prior quarter and 29% a year earlier.SOFR futures trading also accelerated, with both ADV and open interest tripling compared to the previous quarter. BGC expects similar adoption in its U.S. Treasury futures offering set for 2026. FMX’s FX segment advanced 44% to a third-quarter record $13.1 billion in ADV, reflecting product expansion and new market participants.The company’s Fenics division reported $160 million in revenue, up 12.7% from the prior year. Fenics Markets revenue rose 12.5% to $134.1 million, driven by higher electronic trading volumes in rates and FX, along with strong demand for Fenics Market Data.You may also like: BaFin Warns of “Smarter Trading with Zero Spreads” Pitch That Could Cost You EverythingFenics Growth Platforms, which includes FMX, PortfolioMatch, and Lucera, generated $25.9 million, a 13.5% rise. Excluding the sale of Capitalab last year, revenue in this segment grew 24.2%.PortfolioMatch saw its average daily volume more than double, supported by greater algorithmic trading adoption and larger trade sizes. Lucera, which provides real-time trading infrastructure, posted double-digit growth and continued its expansion into EMEA and Asia.Broad-Based Strength Across Asset ClassesTotal brokerage revenue rose 34.4% to $241.6 million. Energy and commodities revenue led the way, climbing 114%, helped by OTC performance and strong organic growth. Rates revenue increased 12% to $195.3 million, FX rose 15.9% to $106.7 million, credit edged up 1.6%, and equities advanced 13.2% to $60.4 million.BGC’s board and audit committee reapproved a $400 million share repurchase program on November 5, 2025. The firm also confirmed plans to repay $300 million in senior notes maturing in December. This article was written by Jared Kirui at www.financemagnates.com.

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Coinbase Proposes Allowing Non-Issuers to Offer Stablecoin Interest Under GENIUS Act

The US Treasury is receiving opposing guidance on how to implement the GENIUS Act, which regulates stablecoin payments. Coinbase asked the department to limit a ban on stablecoin interest to issuers. Non-issuers, such as crypto platforms, should be allowed to offer interest, the company said, arguing this aligns with Congress’s intent.Digital assets meet tradfi in London at the fmls25The GENIUS Act was signed into law in July. It is expected to take effect either 18 months after enactment or 120 days after federal regulators issue final rules, likely in late 2026 or January 2027.BPI Pushes Treasury to Extend Stablecoin Interest ProhibitionAt the same time, banking organizations led by the Bank Policy Institute urged the Treasury to extend the prohibition to non-issuers. In a joint announcement, BPI and partner groups called for a blanket ban on stablecoin interest payments, covering exchanges and related entities.The institute said the ban should apply whether payments come directly from an issuer or through affiliates or partners. BPI had previously warned that allowing stablecoin interest could lead to as much as $6.6 trillion in deposit outflows from traditional banks.Just released - ABA and 52 state banking associations urge @USTreasury to uphold GENIUS Act's ban on stablecoin interest: https://t.co/2P2jelAuAg— American Bankers Association (@ABABankers) November 4, 2025Coinbase Suggests Treating Stablecoins as Cash EquivalentsCoinbase noted that lawmakers intentionally excluded non-issuer third parties from the ban, as a broader prohibition would have hindered stablecoin market development. It added that the Treasury does not have authority to override Congress.Coinbase also recommended excluding non-financial software, blockchain validators, and open-source protocols from the law. The company suggested treating payment stablecoins as cash equivalents for tax and accounting purposes.Trading Volume Drives Coinbase Quarterly Revenue GrowthMeanwhile, Coinbase reported third-quarter 2025 earnings of $1.50 per share, surpassing analyst estimates. The exchange generated $1.86 billion in revenue, a 25 per cent increase from the previous quarter, driven mainly by higher trading activity. Transaction revenue contributed $1 billion, while subscription and services added $747 million. Stablecoin-related revenue was $355 million. Trading volume grew 38 per cent overall, with US spot volume rising 29 per cent. Net income reached $433 million, supported by strong operational performance. This article was written by Tareq Sikder at www.financemagnates.com.

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BaFin Warns of “Smarter Trading with Zero Spreads” Pitch That Could Cost You Everything

Germany’s financial regulator, BaFin, has warned consumers about a string of online trading platforms operating without authorization. The websites, which advertise under the slogan “Smarter trading with zero spreads,” are allegedly offering banking and financial services illegally.Join IG, CMC, and Robinhood in London’s leading trading industry event!Four Websites Named in WarningIn its statement, BaFin said it has identified migconsults.de, ito-consults.com, gmdfunds.com, and nordgg.com as part of the same group of websites. The regulator said the operators are not supervised by BaFin and have not been granted any authorization to provide financial or cryptoasset services in Germany.Under the German Banking Act (Kreditwesengesetz – KWG), any company offering financial or crypto-related services must obtain a BaFin license. Firms operating without one are in breach of the law. The regulator urged investors to verify a company’s authorization through its public database of licensed entities before opening accounts or transferring funds.Regulator Issues Public WarningBaFin issued the alert under section 37(4) of the KWG, which allows the watchdog to publicly warn about unlicensed entities. It said the warning aims to protect consumers from potential fraud involving unregulated trading and investment platforms.BaFin continues to monitor for clone or imitation websites targeting German investors. The regulator said the rise of unlicensed “zero spread” platforms highlights the need for greater caution among retail traders seeking low-cost investment opportunities online.You may also like: CySEC Pulls Certification Registers as Scammers Exploit Licensing DetailsInterestingly, certain marketing slogans appear to be drawing increased scrutiny from regulators. Hong Kong’s Securities and Futures Commission recently proposed new rules to prevent unregulated firms from using names that could mislead investors into thinking they are licensed financial institutions.The proposal would prohibit unlicensed entities from using words such as “exchange,” “trading platform,” or “clearing facilities,” as well as references to “virtual assets.” According to the SFC, these terms are increasingly being used by virtual asset trading platforms that are not under its supervision, creating potential confusion among the public.To close this gap, the SFC plans to align the new restrictions with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, which governs parts of Hong Kong’s VATP regulatory framework. The regulator said the changes aim to enhance investor protection and maintain clarity around which firms are officially licensed to operate in the market. This article was written by Jared Kirui at www.financemagnates.com.

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Retail Traders Flock to Prediction Platforms: Kalshi Hits $4.4 Billion Volume in October

Prediction markets are moving into new territory, breaking past previous records in October. Data from Kalshi and Polymarket shows more than $7.4 billion in trades during the month, the strongest performance these platforms have seen to date.Join IG, CMC, and Robinhood in London’s leading trading industry event!Robinhood has also reported a sharp rise in prediction activity. The broker said users traded 2.3 billion event contracts between July and September, followed by 2.5 billion in October alone. Together with Bitstamp, the platform now generates around $100 million in annualised revenue. Total revenue for the third quarter reached $1.27 billion, an increase of 129% from the same period last year.October Trading Dominated by SportsKalshi remained the top venue, handling about $4.4 billion in trades, while Polymarket followed with around $3 billion. A notable shift occurred within the market itself: sports contracts overtook political and economic predictions as the most active category. [#highlighted-links#] In a single week, from October 20 to 27, Kalshi processed over $1.1 billion in sports-related bets, compared with just $51 million in political trades.Prediction Markets Rise on Multiple FactorsIndustry observers point to two factors behind the rise. First, recent changes in U.S. tax discussions may have made prediction markets more appealing than traditional sportsbooks. Second, growing interest in potential token airdrops has drawn a wave of crypto-native participants.Robinhood $HOOD now has 11 separate business segments generating more than $100 Million of revenue on an annualized basis pic.twitter.com/yBx9pGLWya— Evan (@StockMKTNewz) November 5, 2025Romania Blocks Polymarket Over GamblingThe surge in trading has also caught the attention of regulators. In late October, Romania’s National Office for Gambling ordered local internet providers to block Polymarket, arguing that the platform operates as an unlicensed betting site. The agency said Polymarket’s peer-to-peer model meets the country’s legal definition of gambling and lacks the required safeguards on responsible betting and money laundering.The action highlights a broader regulatory challenge facing crypto-linked prediction platforms. While these services often describe themselves as marketplaces for event trading, regulators across Europe are beginning to view them through the same lens as online gambling operations. This article was written by Tareq Sikder at www.financemagnates.com.

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CaneToadium-WLCP Introduces Global Blockchain Endowment Model for Transparent Wildlife Conservation

The CaneToadium-WLCP Wildlife and Conservation Project has officially announced the global introduction of its blockchain-based endowment model and native token, CaneToad Coin ($CaneToad). Operating on the Solana blockchain, the initiative addresses systemic challenges in traditional charity funding by establishing a transparent infrastructure that channels resources directly to conservation initiatives. The model is designed to reduce inefficiencies, prevent mismanagement, and provide verifiable traceability of funds from the CaneToadium-WLCP Endowment Treasury to field operations.The Crisis in Traditional Conservation FundingThe existing global donation framework has faced persistent structural challenges that limit its effectiveness in supporting urgent conservation needs.Inefficiency: Independent reports indicate that a significant proportion of charitable donations fail to reach intended recipients. In some cases, less than 60 percent of each donated dollar is used directly for its intended purpose, with the remainder consumed by administrative, marketing, and processing costs.Delays: Conservation emergencies often require immediate intervention, yet conventional systems can take months or even years to distribute funds. Such delays may result in lost opportunities to preserve critical habitats or protect endangered species.Lack of Transparency: Many donors receive limited visibility into how their contributions are applied, creating conditions that enable financial opacity and reduce confidence in charitable institutions.A Warning on UrgencyThe urgency of this mission is underscored by the dire state of our planet's biodiversity.As esteemed naturalist and broadcaster Sir David Attenborough stated in a recent 2025 address: "In 2025, we face a stark reality: the mechanisms of the past have proven too slow for the crisis of today. We are no longer discussing a future threat; we are living through the sixth mass extinction. Every wasted moment, every misdirected dollar, is a nail in the coffin for another species. The time for incremental change is over; the time for systemic, transparent, and immediate action is now."CaneToadium-WLCP is a pioneering Wildlife and Local Conservation Project that bridges the gap between digital finance and real-world ecological action.CaneToadium-WLCP was created in the spirit of innovative, community-driven conservation, leveraging the power of blockchain technology and decentralized finance (DeFi) to secure funding for environmental causes.Purpose: To generate sustainable, transparent, and immediate funding for local conservation initiatives, with a specific focus on wildlife and habitat preservation.Values: Transparency, Community-Driven Action, Ecological Responsibility, and Decentralized Governance.Mission: To protect vulnerable wildlife and their natural habitats by dedicating a portion of all 500 Million CaneToad Coin transactions or reserves to verified, on-the-ground conservation programs.Achievement (Initial): Completing its Official Launch and Global Press Release, establishing a community base, and activating its core funding mechanism to begin accruing capital for conservation partnerships.In essence, CaneToadium-WLCP positions itself as a new frontier for funding conservation, allowing its community to invest in a digital asset while simultaneously contributing to wildlife protection.The CaneToadium-WLCP Endowment ModelCaneToadium-WLCP is not an incremental improvement; it is a complete redesign of the conservation funding infrastructure.The Endowment Model: The system transitions from traditional donation-based mechanisms to a self-sustaining endowment model supported by the CaneToad Coin ($CaneToad). The four-year development phase is designed to expand the endowment’s capacity and reach.Full Transparency & Accountability: By utilising the Solana blockchain, every transaction is recorded on a public, immutable ledger. Every cent is accountable, 24/7.Third-Party Vesting: To build a trusted infrastructure from day one, all initial tokens are locked in a 4-year vesting plan managed by Streamflow Finance, a leading and audited tokenomics platform. This ensures a long-term, stable commitment to the project's vision.Strategic & Stable Funding: Following the 4-year lock-up, a professional volatility manager will be engaged to systematically release funds to our 10 initial legacy fund partners (2 international, 8 Australian). This strategy is designed to minimise market volatility and provide predictable, steady funding for "boots on the ground" endeavours.Education and Compliance: During the lock-up period, we will actively engage with recipient funds to educate them on this powerful new system. We will also work closely with tax authorities and government regulators to ensure a compliant and legally sound framework for all parties involved.Our long-term vision is to migrate the entire legacy conservation infrastructure onto the global blockchain, creating a new gold standard for efficiency and trust.Public Participation and EngagementThe failure of the old system is not an option when the future of countless species is at stake. The CaneToadium-WLCP Wildlife and Conservation Project invites you to be the catalyst for this monumental change.Public support is the engine of this endowment. Your participation over the next four years will directly determine the scale of our impact.Official Website: Users can learn more about our mission, our technology, and our partner funds at CanetoadiumCaneToad Coin ($CaneToad): Acquisition of the native token contributes to the growth of the endowment and supports ongoing conservation efforts.Community Platforms: The CaneToadium-WLCP Community provides updates and project information through X (Twitter), Telegram, and other official social channels at CaneToadium-WLCP (@canetoadium) / X.Project Information: Official communications are also available through the CaneToadium-WLCP Telegram channelLong-Term Vision: The initiative aims to establish the largest coordinated crypto-based wildlife and conservation project globally, focused on advancing transparent systems that contribute to species preservation and ecosystem protection.About CaneToadiumCaneToadium https://canetoadium.com/ is an Australian company based on Queensland’s Gold Coast. The company markets and manages CaneToad Coin, aiming to bridge wildlife conservation with cryptocurrency through the CaneToad Coin project. This article was written by FM Contributors at www.financemagnates.com.

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