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.

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.

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.

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.

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.

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.

The token jumped after Binance founder Changpeng Zhao confirmed he bought more than 2 million ASTER out of his own pocket, reigniting interest even as broader crypto markets lag.The Market Was Boring. Then CZ Hit Send.Crypto has many reliable traditions: overhyped roadmaps, Discord rumors pretending to be intelligence, and the uncanny ability of a single tweet from Changpeng “CZ” Zhao to melt or reanimate tokens like a resurrected meme coin Frankenstein. This week, Aster was the lucky beneficiary.Full disclosure. I just bought some Aster today, using my own money, on @Binance.I am not a trader. I buy and hold. pic.twitter.com/wvmBwaXbKD— CZ ? BNB (@cz_binance) November 2, 2025Aster’s token surged sharply after CZ revealed he personally holds just over 2 million, purchased with his own funds. This wasn’t a vague nod, a “support the builder community” platitude, or a “we are watching with interest” corporate safe-speak. He actually bought the tokens himself. Real money. Real bag.In a market where sentiment has been dragging across the floor like a zombie after a long Halloween party, this was enough to spark a rally.Aster climbed more than 20 percent after the disclosure, and it currently sits at $2.2 billion. Meanwhile, many other major tokens spent the week doing what they do best lately: disappointing everyone.The lesson, once again: narratives move markets. And in this narrative, CZ is still one of the loudest voices around.Why This Matters in a Bleak Crypto WeekAster did not surge because of a major protocol upgrade. It did not announce a new government partnership. There were no blockbuster developer summits or crypto conference PowerPoints claiming to be “the future of the internet” again.No. The move was powered by something much simpler: The market found out, very quickly, that one of the most influential figures in crypto bought in.CZ’s return with Asterdex is making serious noise post- $ASTER TGEDespite the success, many haven’t claimed their airdrop via common walletsDon’t be left behind: https://t.co/oLl9TEJqbhThe cabal is back — and CZ’s steering the ship pic.twitter.com/mNDsmxVOZw— Tyvora Group (@TyvoraBNB) November 6, 2025Aster has had a volatile time of late, like most of the market. Broader crypto sentiment has been dampened by regulatory pressure, uneven macro conditions, and the usual gloom spiral that happens whenever Bitcoin trades sideways for more than five minutes. So the announcement hit like a spark in a room full of investors quietly losing interest.It was not just the price movement. It was the reminder that Aster still has attention gravity.The CZ Effect: Still Intact After EverythingCZ is not exactly a background figure these days. Between the Binance founder’s legal headlines and his shifting public profile, his influence remains a kind of market weather system. Storm fronts, heat waves, unexpected air pressure changes. You can say you do not check the CZ Index, but your portfolio probably does.JUST IN: Newly created wallet withdrew 668.6K $ASTER ($703K) from Binance two hours ago.In just three days, the wallet has accumulated over 2M $ASTER ($2.18M) at an average entry price of $1.03.0x913c30185d2Fffc7A8444343699037250F9244dF pic.twitter.com/sv8Lt8KJlw— Whale Insider (@WhaleInsider) November 6, 2025His statement that he purchased the Aster tokens with his own funds gave the story a particular charge. There is a psychological difference between “Binance holds” and “CZ holds.” People trust humans. Or, more accurately, they trust personalities. Aster got personality-backed validation.The reaction shows how the crypto market is still powered by recognizable faces. DeFi may technically be decentralized, but belief still likes to gather around individuals.So What Is Aster Supposed to Be Doing Again?The project behind ASTER originated from a consolidation of earlier derivative platforms and tokens (including APX), followed by a relaunch and token generation event in September 2025. The total supply is capped at 8 billion tokens, with more than half set aside for community-focused distribution, including airdrops and incentive programs.Aster presents itself as a hybrid decentralized exchange, supporting both perpetual and spot trading across several chains. It offers advanced trading tools such as high leverage and hidden order types, aiming to blend professional-grade functionality with on-chain self-custody.The Big PictureAster’s rally does not mean the crypto market is back in full bull mode. It does mean that influence, identity, and narrative still move markets more quickly than underlying technology alone.[#highlighted-links#] Investors know that Aster did not suddenly become more scalable the moment CZ hit the post button. The chain did not magically gain new developer throughput. But perception is part of value. Sometimes perception is value.Aster now has attention, a renewed narrative spark, and social momentum. That can fuel a sustained rally or taper back down once the news cycle gets bored. Crypto history suggests both outcomes are possible.But for now, Aster is up, the charts are green, and the market is reminded that even in a downturn, a well-timed disclosure from one person can still slap the trendline upward.The bear market may not be over. But Aster just got a reminder that it is still very much part of the conversation. And sometimes, that’s all it takes to move the numbers.For more stories making the waves across finance and tech, visit our Trending pages. This article was written by Louis Parks at www.financemagnates.com.

Bitget's stock futures contracts surpassed $1 billion in cumulative trading volume, reaching the milestone two weeks after hitting the $500 million mark, according to company figures released today (Thursday).These figures clearly indicate that the boom in tokenized equities is not just a passing fad, but a hot trend that traditional large exchange operators are also starting to embrace.Bitget Cracks $1B in Stock Trading as Wall Street Goes TokenizedThe crypto exchange, which claims 120 million users globally, launched USDT-margined perpetual futures tied to 25 U.S. stocks in July. Traders can access derivatives on companies including Apple, Amazon, Meta, and NVIDIA with leverage up to 25x and fees at or below 0.06%.Tesla futures led volume with $380 million in trades, followed by Strategy at $262 million and Apple at $87 million. The three stocks accounted for roughly 73% of total activity on the platform.The growth coincides with gains in U.S. equity markets, where the S&P 500 has climbed 18% this year through Tuesday's close, driven partly by earnings beats from technology companies and renewed interest in AI-focused stocks."Crossing the $1 billion mark in such a short time shows how fast traders are embracing stock futures as part of a unified digital trading experience," said Gracy Chen, CEO of Bitget. "It's a signal that the line between traditional markets and digital assets is disappearing, and our Universal Exchange model is where that convergence is happening first."Crypto Platforms Add Stock ProductsBitget expanded its stock-linked offerings this week with perpetual futures tied to Netflix, Futu Holdings, JD.com, Reddit, and the Nasdaq-100 index tracking fund. The additions follow the platform's initial July rollout, when it integrated xStocks technology to enable 24/5 trading of tokenized equities.“We're entering a new phase of market access, one where crypto, stocks, and traditional finance don't compete, they coexist and complement each other,” Chen commented in July.Kraken announced similar capabilities in May, joining Robinhood and other platforms offering crypto users access to traditional equity markets through blockchain-based instruments. The products allow trading outside standard market hours and settlement in seconds rather than the two-day clearing window used by conventional brokerages.Switzerland's financial regulator FINMA recently granted a distributed ledger technology trading license to BX Digital, a platform backed by Boerse Stuttgart Group. The exchange plans to list over 100 tokenized stocks and ETFs issued by Ondo Finance, giving European institutional investors blockchain-based versions of U.S. equities that settle in real time.Questions Around Product StructureThe crypto industry's push into stock trading comes as tokenized securities gain regulatory acceptance in select jurisdictions. Switzerland has emerged as an early testing ground for blockchain-based financial instruments, while U.S. regulators have yet to establish clear frameworks for domestic offerings.Bitget's stock futures function as derivatives rather than direct equity ownership. Users trade contracts settled in Tether's USDT stablecoin, with positions tracking price movements of underlying stocks without conferring shareholder rights or direct exposure to corporate actions like dividends.The structure resembles contracts for difference, a leveraged derivative product popular in Europe and Asia but restricted for retail traders in the United States. CFDs have faced criticism from regulators over high loss rates among retail users, with European Securities and Markets Authority data showing 74-89% of retail CFD accounts lose money.Bitget operates from Seychelles and restricts access for U.S. residents. The platform's stock futures remain available to users in jurisdictions where crypto derivatives trading is permitted.The $1 billion volume figure represents cumulative trading activity since the July launch rather than open interest or assets under management. Bitget has not disclosed user counts specifically for its stock futures products or broken out profitability of the offering. This article was written by Damian Chmiel at www.financemagnates.com.

Gold prices tested record highs above $4,380 per ounce in mid-October 2025 before correcting approximately 11%, dropping below the psychological $4,000 threshold. Today (Thursday), 6 November 2025, the price is rising 0,8% and moving back above the important resistance.Despite the recent pullback, major financial institutions, including UBS, ING, and Goldman Sachs, maintain aggressively bullish gold price predictions, with targets ranging from $4,200 to an extraordinary $5,600 per ounce.In this article, I address why gold has been falling in recent weeks, how far it may rebound, and provide a technical analysis of the XAU/USD chart, based on more than ten years of experience as a retail investor and analyst.Why Gold Is Falling? Technical Rather Fundamental FactorsThe current correction reflects technical factors rather than fundamental weakness, according to Sagar Khandelwal from UBS Global Wealth Management who stated: "Outside technical factors, we see no fundamental reason for the sell-off".The November 2025 pullback below $4,000 stems from multiple temporary pressures converging simultaneously.Profit-taking dominated trading after gold's meteoric rise to $4,381 in October, with traders systematically locking in gains accumulated during the 47% year-to-date rally. The U.S. Dollar Index surged to its highest levels since mid-2024, making gold more expensive for international buyers and triggering automatic selling. Federal Reserve officials hinted at a "higher for longer" interest rate stance, temporarily reducing the appeal of non-yielding assets like gold.Gold Price Correction MetricsUBS noted that "fading price momentum triggered a second leg down in futures open interest," but emphasized underlying demand remains exceptionally strong. The correction was accompanied by short-term ETF withdrawals following record Q3 inflows of $24 billion. However, ING commodities strategist Ewa Manthey characterized the decline as "healthy rather than a trend reversal".Gold traded at $4,016.85 per ounce on November 6, 2025, showing signs of stabilization.How High Can Gold Price Go? My Own Technical Analysis Targets $5,600After testing historical highs in mid-October just below $4,400, gold corrected to levels that align with critical technical support zones. The precious metal has found strong support around $3,800-$3,900 per ounce, a zone determined by local lows combined with the 50-day exponential moving average.My technical picture suggests two distinct scenarios. If the $3,800-$3,900 support zone fails to hold, the next major support lies at $3,270-$3,440 per ounce, the consolidation range observed from April through late August 2025, where the 200-day EMA also resides, separating downtrend from uptrend territory.However, applying Fibonacci extension analysis to the trend from August's local low through October's correction reveals significantly bullish potential. The 100% Fibonacci extension points to $5,000 per ounce in the long term, aligning with targets from Goldman Sachs and other major institutions. More remarkably, the 161.8% extension level falls at $5,600, representing potential upside of over 40% from current levels.UBS Maintains Bullish Conviction Despite PullbackSwitzerland's banking giant UBS published a comprehensive research note on November 3, 2025, reassuring investors that gold's trajectory remains intact. "The current pullback in the gold market is only temporary, and the yellow metal's price is still on track to reach $4,200 per ounce, with an upside scenario of intensifying geopolitical or market risks driving it as high as $4,700," according to UBS analysts.The institution explicitly stated: "The much-anticipated correction has taken a breather. Outside technical factors, we see no fundamental reason for the sell-off". UBS strategist Sagar Khandelwal elaborated on October 20, 2025: "Lower real interest rates, a weaker dollar, rising government debt, and geopolitical turmoil could push the yellow metal to $4,700 per ounce by Q1 2026, and mining stocks will do even better".Perhaps most tellingly, UBS recommended aggressive positioning: "We like to buy the dip in gold," the analysts said, adding that investors "remain underallocated" to the metal. The bank suggests a mid-single-digit allocation to gold within investor portfolios, arguing that while volatility may increase, gold remains a valuable component of a resilient investment strategy.ING: Fundamentals Point to Further UpsideING commodities strategist Ewa Manthey published an equally optimistic outlook on November 5, 2025, emphasizing structural demand factors. "Despite the recent pullback in prices, we remain positive on our gold outlook, with macro tailwinds and fundamentals pointing to further upside in 2026," Manthey wrote.She highlighted that key supports remain intact: "Key supports, including central bank and haven demand, remain in place. ETF buying should also resume as the US Federal Reserve is likely to continue cutting interest rates". ING expects rates traders see better than 70% odds for an interest-rate cut in December, which would reduce the opportunity cost of holding non-yielding gold.ING's specific price forecasts show confidence in gold's near-term trajectory: "We expect gold's downside to be limited and see prices averaging $4,000/oz this quarter and $4,100/oz in 1Q next year, although short-term volatility could remain in place". Crucially, Manthey characterized current weakness as opportunity: "We view the correction as healthy rather than a trend reversal, with any further weakness likely to attract renewed interest from both retail and institutional buyers".You can also check my previous gold and silver price predictions articles here:Major Institutional Gold Price Predictions 2025-2026 TableRecord Demand Fundamentals Contradict Price WeaknessGlobal gold demand hit an unprecedented 1,313 tonnes in Q3 2025, the strongest quarterly total on record, according to the World Gold Council. This surge was driven by exceptional investment demand through exchange-traded funds, bars and coins, plus significant central bank buying.ETF investors added 222 tonnes of gold holdings in Q3, marking the biggest quarterly inflow in years and representing a staggering 134% increase year-over-year. In value terms, the quarter brought a record $24 billion in gold ETF inflows. Year-to-date, gold ETF inflows reached 619 metric tons valued at $64 billion, with North America leading at 346 metric tons, followed by Europe at 148 metric tons.Bar and coin demand remained robust at 316 tonnes in Q3, demonstrating strong retail investor appetite despite record prices. Total investment demand for gold in Q3 2025 reached 537.2 metric tons, up 13% over Q2 and 47% from Q3 in the previous year.Jewellery demand declined 19% year-over-year to 371 tonnes as high prices curbed consumption volumes. However, in value terms, spending on jewellery actually rose 13% to $41 billion, with higher prices offsetting weaker volumes—demonstrating gold's maintained purchasing power.Gold Prices, FAQWhy is gold falling right now in November 2025?Gold is experiencing a technical correction, not a fundamental reversal, according to UBS analysts. The 11% pullback from October's $4,381 peak stems from profit-taking after the 47% year-to-date rally, a stronger U.S. Dollar Index reaching mid-2024 highs, and Federal Reserve officials hinting at "higher for longer" rates. How high can gold price go in 2026?Gold price forecasts for 2026 range from $4,100 to $5,600 per ounce across major institutions. Goldman Sachs projects $5,055 by Q4 2026, Bank of America targets $5,000 (averaging $4,400), UBS forecasts $4,200 baseline with $4,700 upside scenario, and ING expects $4,100 in Q1 2026. Technical analysis using Fibonacci extensions suggests potential for $5,000-$5,600, representing over 40% upside from current levels.What is driving gold price predictions higher?Multiple structural factors support bullish forecasts: central banks purchasing 760 tonnes annually in 2025-2026 (nearly double pre-2022 averages), record ETF inflows of 360 tonnes driving institutional demand, Federal Reserve rate cuts reducing opportunity cost of non-yielding gold, and persistent geopolitical uncertainty. Should I buy gold during this correction?Yes. Major institutions view current levels as buying opportunities rather than warning signals. UBS explicitly stated "We like to buy the dip in gold," recommending mid-single-digit portfolio allocation (3-7%). ING's Ewa Manthey wrote that "any further weakness likely to attract renewed interest from both retail and institutional buyers". Is the gold rally over or just pausing?The rally is pausing, not over, according to institutional consensus. UBS titled their November 3 research note "The gold correction is technical and temporary". ING stated: "We view the correction as healthy rather than a trend reversal". Goldman Sachs expects "de-risking and profit taking by investors to be met by dip buying from other segments of demand including central banks and other physical buyers, ultimately keeping reversals relatively shallow". How does gold compare to other investments right now?Gold has gained 47-49% year-to-date through early November despite the recent correction, outperforming most traditional asset classes. The precious metal's low correlation with equities and bonds provides diversification benefits, especially during market stress periods. This article was written by Damian Chmiel at www.financemagnates.com.

ISA plan gets frosty receptionA couple of weeks ago, we explored the merits of a temporary or permanent reduction in the stamp duty (tax) paid on transactions in shares of newly listed UK companies, as a means of stimulating investment and trading in these entities.Join IG, CMC, and Robinhood in London’s leading trading industry event!This is just the latest in a long line of proposals designed to revolutionise retail investment in the UK, where the government is keen to encourage risk-averse retail investors to put more money into stocks and shares rather than cash ISAs - individual savings accounts that pay a set amount of interest - in order to stimulate its capital markets.The latest wheeze for boosting equity markets is intriguing mainly because it has strong parallels with a plan that was announced by the previous administration and swiftly dropped by the new government.It has been widely reported that the chief financial minister wants to introduce a minimum UK shareholding in ISAs.The obvious problem is how to define a ‘UK shareholding’. A casual observer might assume that the FTSE 100 is a list of the largest British companies, but they are of course just a group of multinationals that are listed in London.Even for those multinationals that are based in the UK (Shell, for example), much of their investment is going into overseas markets rather than domestic projects. As one advisor points out, limiting exposure to only businesses that have zero presence outside the UK is not a recipe for strong returns.It is possible that the UK government sees this as a tool – albeit a rather blunt one – for increasing the pool of domestic investment capital and boosting the status of London as an IPO location at a time when the battle for listing business has never been more ferocious.However, the presence of so many multinational firms at the top end of the index is a reminder of the international profile of the UK’s capital markets, with an estimated three-quarters of index members’ earnings generated outside the UK.Folk in the UK put £103bln into ISAs last year, £69.5bln of that (approx 2/3rds) went into cash ISAs...essentially, guaranteeing a near-zero, if not negative, real return on those funds over the next year...so much more financial education needed across the board...— Michael Brown (@MrMBrown) September 19, 2025Silver proves its mettle for investorsGold may have hogged the headlines of late but there is a case to be made for focusing on another precious metal.As I write this column, gold is trading at $3880 compared to an all-time high of $4381 in late October with a stronger dollar prompting many investors to sell. However, silver has rebounded following its own sharp selloff from record levels, which could be an indication that it is managing to consolidate at lower levels.The MACD or moving average convergence divergence - a popular technical analysis indicator for precious metals - has also stabilised.Establishing fair value is not a straightforward exercise. For example, while the cost of mining an ounce of gold is approximately 65 times that of the equivalent amount of silver, the current gold-to-silver ratio stands above 80:1.One of the main attractions of silver is that it provides some of the same hedging benefits as gold while also having wider real world applicability in areas from manufacturing to pharmaceuticals, while supply-related volatility can further boost profitability.Its conductive qualities makes it a core component of AI hardware ranging from semiconductor chips to sensors, improving efficiency and heat management across data centres and advanced computing infrastructure.According to Otavio Costa, Macro Strategist at Crescat Capital, the gold-to-silver ratio has remained more than 2.6 standard deviations above its long-term mean for over five years for the first time since records began in the late 1600s.He suggests a sharp correction in this ratio is highly likely, although any analysis of the data has to take the impact of the end of the gold standard in the 1970s into account.Perhaps we shouldn’t be surprised in an era when established asset correlations are disintegrating and new connections are emerging on the back of seismic shifts in supply chains, trade relationships and technology.Soaring deficits highlight unchecked spending. Geopolitical tensions brew, pushing gold, silver, and platinum as hedges. Balanced budgets? Unlikely without real policy shifts. ⚠️ pic.twitter.com/8Pnywm1ZH9— Chris Tipper | ? ₿ ? (@TipperAnalytics) November 3, 2025Should we be concerned about US margin debt?US margin debt (money borrowed by investors from brokers to buy stocks) continues to hit record highs. As of the end of September, this debt had crashed through the $1 trillion mark.Such a high level of indebtedness is often viewed as a risk indicator because it can create a feedback loop. If the market declines, investors may be forced to sell their securities to repay their loans, which can accelerate the downturn. Analysts describe this as a ‘yellow flag’ rather than an immediate crisis, but it will hit home if prices start falling and investors have to sell to pay back what they have borrowed from their brokers.It is estimated that the current level of margin debt is equivalent to approximately 2% of the overall value of the S&P 500, which might sound like a modest proportion until you consider that this moves it into a similar range to what we saw in during the dotcom boom as well as in 2007.Risk is part of every trader’s life. But when so much trading is being done with other people’s money there is always a heightened possibility that small downturns can be amplified by panic selling.Perspective is also important though. Strong market cap growth means that in real terms, leverage growth is rising in line with asset valuations.Philip Petursson, Chief Investment Strategist at IG Wealth Management notes that margin debt has grown by near 40% year-on-year versus the S&P 500 at 18% and observes that if margin grows at the pace of the market, investors are merely holding to a fixed weight. In this instance, margin is increasing faster than the market.One commentator suggested that while the stock market was on fire, the leverage behind it was equally flammable. Deutsche Bank analysts made a similar observation in July, warning that we were getting closer to the point where market euphoria becomes too hot to handle.Given everything discussed above, traders will be keeping a close eye on Fed policy and liquidity conditions. This article was written by Paul Golden at www.financemagnates.com.

XTB, one of Europe's largest publicly listed brokers (WSE: XTB), experienced a major platform failure yesterday (Wednesday) that prevented clients from closing positions for several hours, leaving traders exposed to market movements without the ability to manage their risk.However, the company’s shares at today's (Thursday’s) open did not show a sharp negative reaction to the recent run of problems, falling 0.7% and testing 70.92 zlotys. On Thursday afternoon, XTB issued an official statement explaining the cause of the outage. Its full content is available at the bottom of the article.XTB Platform Outage Blocks Position Closures During Trading HoursThe problems started around 4 p.m. local time when users began reporting they could open new positions but couldn't close existing ones.“Yesterday, I wanted to show my brother how the XTB app works and how to navigate it - so we picked a random U.S. stock from the HOT category,” one retail trader from Poland told FinanceMagnates.com. “I bought around nine shares for 41 zlotys (as the minimum was 10 dollars) and from that moment the system showed an error. I have the shares in my account, but I cannot do anything with them. We then watched the position move from minus 5% to plus 21% and back down to plus 2% without any ability to manage it."The issue persisted through the evening, with XTB announcing at 10 p.m. that all CFD trading would be suspended between 10 p.m. and 11 p.m. while engineers attempted repairs."We are informing you that due to problems in the functioning of our investment platform and in order to repair the technical fault, trading on CFD instruments between 22-23 will be impossible," the company said in a statement on its website. "We will keep you informed about the progress of this work on an ongoing basis. We apologize for the inconvenience."After the scheduled maintenance window, users could again open positions but still couldn't close them, extending the lockout well past midnight.The problems come shortly after XTB reported a sharp decline in net profit for the third quarter - one of its weakest results since late 2022.No Clear Timeline for ResolutionBy late Wednesday evening, XTB had not explained what caused the failure or when normal operations would resume. The company's silence left traders guessing about the technical root cause and their potential losses from being unable to react to market swings. Social media filled with speculation about the source of the problem. One theory gaining traction among technical observers suggested the platform hit a programming limit known as integer overflow, where a counter tracking transaction IDs exceeded the maximum value a standard 32-bit integer can hold.A user posting on X under the handle kwit_flip wrote that XTB "just rolled over its INT," referring to the 4-byte integer data type. "That's why you can't close positions right now," the user claimed, noting that transaction numbers had wrapped from positive to negative values after hitting roughly 2.1 billion.XTB właśnie przekręciło INT'a.To jest rozmiar 4-bajtowego INTEGERA - to typ danych, którym zapisywane są transakcje na platformie @xtb. Dziś został przekroczony dodatni maksymalny numer transakcji i mamy ujemne wartości.Dlatego nie da się w tej chwili zamknąć pozycji. pic.twitter.com/MPL4Tvj5Oe— kwitflip (@kwit_flip) November 5, 2025The theory remained unverified by the company.Recent Track Record Under ScrutinyThe outage marks the latest in a series of technical problems at XTB. In a recent interview with Parkiet, board member Filip Kaczmarzyk acknowledged past platform issues while defending the company's progress."Of course there were moments when the platform did not work as it should, and such situations have no right to happen," Kaczmarzyk said. "It is a problem for all of us, not just for clients. However, it is definitely not the case that we only look at the platform when something bad happens. Compared to what it was two or three years ago, we have also made really huge progress."The timing proved particularly awkward for XTB, which just days earlier announced a record 100,000 new clients in October. The company now faces questions about whether its infrastructure can handle its rapidly growing user base.Data from Downdetector showed a sharp spike in problem reports between 4 p.m. and midnight Wednesday, then dropping to near zero afterward. On Thursday morning, however, a slight upward trend is visible again:"So you're saying you have a product you make the most money on, where client reaction time is measured in seconds and minutes because they're trading on leverage, but at the same time your product doesn't work for them for two hours and they can't do anything with open positions?" wrote one X user. XTB has not yet addressed whether it will compensate clients who suffered losses during the outage or clarified the complaints process mentioned by customer service representatives.Another Issue Following the August HackGiven that XTB refunded client losses in August after the alleged 150,000 zloty hack drew wide attention, some investors may hope that the latest case will lead to a similar outcome.The announcement came amid renewed pressure after the latest victim’s account gained traction on local financial forums and media outlets. The client described how hackers allegedly carried out simultaneous buy and sell orders on thinly traded securities, leaving his account consistently in loss while a separate account captured the gains. The incident has again raised questions about the platform’s security and investor protection standards.XTB Official StatementOn Wednesday, November 5th, a technical issue occurred on the XTB trading platform, temporarily preventing clients from modifying or closing CFD positions opened after 4:25 p.m. We would like to emphasize that clients retained full access to manage positions opened earlier. Our technology team immediately began diagnosing the situation. Implementing the necessary fixes required a temporary suspension of CFD trading between 10:00 p.m. and 11:00 p.m. At 10:40 p.m., the ability to modify new positions on the web platform was restored. By approximately 1:00 a.m. on November 6th, the same functionality was reinstated in the mobile app, fully resolving the issue. Yesterday’s incident affected only positions opened after 4:25 p.m. - around 0.4% of a total of 25 million positions. The trades themselves were correctly recorded in the system databases; however, an error occurred when attempting to modify or close them. The problem was caused by a technological limitation in the system responsible for transferring data between the trading engine and both the mobile and web platforms. Most of XTB’s architecture has already been rebuilt using modern technologies where such limitations have been eliminated at the design stage. The migration of position management to the new architecture is currently underway and is scheduled for completion in the first quarter of next year. We kindly ask all investors affected by yesterday’s issue to submit complaints via the form available in the Client Office. Each case will be reviewed individually based on data from XTB’s trading system. Full details of the complaint process can albo be found on our website: https://www.xtb.com/pl/edukacja/proces-reklamacji.The article was updated at 15:00 CET to include the statement from XTB. This article was written by Damian Chmiel at www.financemagnates.com.

Compagnie Financière Tradition reported revenue growth of 9.4% at constant exchange rates in the third quarter, driven by expansion in its core interdealer broking operations across global markets, the company reported today (Thursday).Tradition's Revenue Climbs 9.4% as Interdealer Broking ExpandsThe Swiss brokerage, which operates in over 30 countries, posted consolidated revenue including joint ventures of CHF 278.3 million for the quarter, up from CHF 272.3 million a year earlier. Reported gains were reduced by the Swiss franc's appreciation against the dollar and other currencies since January.Tradition's interdealer broking business, which connects institutional traders in over-the-counter products, grew 10.7% at constant exchange rates during the quarter. The unit saw activity pick up across all regions and asset classes, with particularly strong performance in July and September. That momentum carried into October, the company said."The IDB business recorded growth of 10.7% at constant exchange rates, driven by the expansion across all regions and asset classes," the company said in its quarterly statement.The results align with the figures reported for the first half of 2025, when revenue increased by 12%.Third Quarter Performance by SegmentJapanese Retail Operations StumbleThe picture looked different in Tradition's retail-focused Japanese business, where revenue fell 25.3% at constant exchange rates. Activity in that segment slowed sharply in July and August before recovering in September and extending gains into October.The Non-IDB business "declined by 25.3% at constant exchange rates during the quarter, reflecting a marked slowdown in the sector over July and August, before returning to growth in September, a trend that continued into October," according to the company's statement.For the first nine months of the year, Tradition recorded consolidated revenue of CHF 910.4 million, an 11.3% increase at constant exchange rates compared with CHF 849.3 million in the same period last year.Currency Impact Masks Underlying GrowthThe gap between constant-currency and reported figures highlights the impact of foreign exchange movements on Tradition's results. Third-quarter reported revenue rose just 2.2%, while nine-month reported revenue increased 7.2%. The company generates substantial income in dollars and other currencies that have weakened against the franc.Tradition noted that "reported performance was tempered by the strengthening of the Swiss franc since the beginning of the year, particularly against the US dollar."Tradition's interdealer broking division accounted for CHF 879.2 million of revenue through September, up 11.0% at constant rates. The retail business contributed CHF 31.2 million, representing 20.4% growth at constant exchange rates despite the third-quarter decline.The company employs more than 2,400 people and brokers transactions across money markets, bonds, derivatives, equities, commodities and precious metals. Tradition shares trade on the SIX Swiss Exchange. This article was written by Damian Chmiel at www.financemagnates.com.

Robinhood (Nasdaq: HOOD) revealed that its prediction markets “are growing rapidly,” with 2.3 billion event contracts traded between July and September, and 2.5 billion in October alone.Join IG, CMC, and Robinhood in London’s leading trading industry event!$100 Million or More in Annualised RevenueThe broker, known for its commission-free model, launched event contracts earlier this year and faced regulatory hurdles in the early days. Now, it is one of its fastest-growing segments.Although Robinhood did not specify earnings from prediction markets, its Chief Financial Officer, Jason Warnick, said that prediction markets and Bitstamp together generated “approximately $100 million or more in annualised revenues.”Overall, quarterly revenue and earnings came in at $1.27 billion and 61 cents per share, respectively, beating market expectations. According to LSEG, analysts expected 53 cents per share in earnings on $1.19 billion in revenue. The San Francisco-headquartered broker also doubled its Q3 revenue year-over-year.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, 2025Robinhood generated $730 million in transaction-based revenue, a 129 per cent yearly increase, signalling strong trading activity on the platform.Crypto Remains a Revenue DriverRevenue from cryptocurrency trading quadrupled to $268 million, while options trading revenue rose 50 per cent to $304 million. Equities revenue also surged 132 per cent to $86 million.The notional crypto trading volume on the platform reached $80 billion, split evenly between the Robinhood app and Bitstamp, which the broker acquired last year.In addition to trading revenue, Robinhood earned $456 million from interest income, up 66 per cent. Revenue from other sources, including subscriptions, also doubled to $88 million. The number of Robinhood Gold subscribers reached 3.9 million.Net income climbed to $556 million, representing a 271 per cent yearly rise, while diluted earnings per share increased 259 per cent.“Q4 is off to a strong start in October, with record monthly trading volumes across equities, options, prediction markets, and futures, and new highs for margin balances,” Warnick said.Meanwhile, the company announced that Warnick will retire next year, with Shiv Verma set to take over as CFO. This article was written by Arnab Shome at www.financemagnates.com.

Even as global markets entered a quieter summer stretch, individual investors in France stayed active. The third quarter of 2025 showed strong participation in both equities and exchange-traded funds (ETFs), confirming the resilience of retail engagement despite market volatility and seasonal slowdowns.Join IG, CMC, and Robinhood at London’s leading trading industry event!Equity Investors Hold Their GroundAccording to the French regulator, AMF, Between July and September 2025, around 780,000 individuals bought or sold shares listed in the European Union through investment service providers based in France. That figure marks an 18% increase compared to the same period last year and represents the highest third-quarter level in four years.In total, retail investors executed 10.9 million stock transactions, maintaining a pace unseen since 2021. The data also revealed 59,000 new equity investors during the quarter, either newcomers or individuals returning to the market after years of inactivity. Despite a broader shift toward diversified instruments, traditional equities continue to attract long-term retail interest.ETF Participation Keeps RisingWhile share trading remains strong, ETFs continue to expand their appeal among French retail investors. In Q3 2025, 400,000 individuals traded ETFs, representing a sharp 45% year-on-year increase.You may also like: Cyprus Shell Firms Helped Power a €300M Global Credit Card Scam, Authorities SayOf these, 359,000 acted as buyers, confirming a growing appetite for diversified, lower-cost investment vehicles. The quarter also saw 79,000 new ETF investors, surpassing the number of new equity investors for the fourth consecutive quarter—a sign that ETFs are becoming the entry point for a new generation of market participants.Transaction volumes tell a similar story: 1.7 million ETF trades were recorded in Q3, up 30% from last year. Although activity eased compared to the previous quarter, the cumulative number of ETF trades in 2025 reached an all-time high.Strong Momentum Despite Seasonal DipThe report highlights that while ETF activity dipped 6% from Q2, participation remains historically elevated. Cumulative transaction data for both equities and ETFs already exceeds totals from 2022, 2023, and 2024.The rise of ETFs marks a broader change in how individuals approach the markets. With lower barriers to entry and increasing awareness of passive investing, ETFs are now attracting more first-time investors than traditional shares.As 2025 progresses, analysts will watch whether this trend continues into year-end trading—a period that often tests investor sentiment amid monetary policy shifts and macroeconomic uncertainty. This article was written by Jared Kirui at www.financemagnates.com.

Zohran Mamdani has won the New York City mayoral election. His record on cryptocurrency suggests potential for tighter oversight in the sector. He has supported consumer protection measures following the collapses of FTX and Terra, highlighting risks faced by small investors. Digital assets meet tradfi in London at the fmls25Mamdani also co-sponsored an Assembly Bill seeking a moratorium on proof-of-work crypto mining that uses on-site energy generation. A proposed crypto transaction tax in New York could generate around $158 million annually.Campaign Funding, Crypto Influence Shape ElectionMamdani, 34, is a democratic socialist. His platform emphasizes consumer protection, transparency, and regulation rather than rapid market growth. During the campaign, he focused on cost-of-living issues such as rent and childcare, proposing taxes on the city’s wealthiest 1% to fund these initiatives.Andrew Cuomo had positioned himself as a pro-crypto candidate, pledging to make New York a global hub for digital assets and artificial intelligence. His campaign drew scrutiny after Bloomberg reported his paid advisory work for crypto exchange OKX, which later settled a $504 million federal compliance case. High-profile crypto figures and organizations, including Tyler Winklevoss and Innovate NY PAC, publicly opposed Mamdani, while hedge fund donations supported Cuomo’s campaign.When crypto companies collapse, it isn’t the rich who suffer, it’s small investors who disproportionately come from low-income and communities of color. @NewYorkStateAG has a bill to address this and protect New York investors. Let’s do it! https://t.co/z0lCuPzkK9— Zohran Kwame Mamdani (@ZohranKMamdani) May 11, 2023City Rules Indirectly Affect Cryptocurrency OperationsExperts note the mayor’s influence over cryptocurrency is limited. Securities and finance laws are controlled by state and federal authorities. City-level powers, such as municipal taxes, licensing, and permits, could affect the industry indirectly. Most crypto firms operate lightly and are less sensitive to local pressures, although energy-intensive activities like Bitcoin mining remain an exception.Prediction Markets Correctly Forecast Mamdani VictoryPrediction markets, including Polymarket, had forecast Mamdani’s win with 92% accuracy. The result has drawn attention from both critics and supporters in the crypto sector.How and whether Mamdani’s policies will directly affect cryptocurrency businesses in New York City remains uncertain. Any challenges for the industry are expected to emerge gradually, given the limited city-level powers. This article was written by Tareq Sikder at www.financemagnates.com.

Ripple announced a $500 million investment from institutional investors led by Fortress Investment Group, Citadel Securities, Pantera Capital, Galaxy Digital, Brevan Howard, and Marshall Wace. The deal values the company at $40 billion, matching its previous $1 billion tender offer earlier this year.Digital assets meet tradfi in London at the fmls25The investment follows what Ripple described as its strongest year, marking continued backing for its expansion across payments, custody, and stablecoins. In the past two years, the company has completed six acquisitions, including two worth over $1 billion.In April, Ripple bought prime broker Hidden Road for $1.25 billion. The company said this made it the first crypto firm to own and operate a global, multi-asset prime broker. Ripple stated that the acquisition broadened its reach into prime brokerage and treasury management.Ripple Expands Beyond Payments and CustodyRipple has also been repurchasing its shares, buying back over a quarter of its outstanding stock in recent years. The company said it aims to provide liquidity for shareholders and employees while attracting institutional investors.“The investment reflects both Ripple’s momentum and validation of the market opportunity we’re pursuing,” said CEO Brad Garlinghouse. He added that Ripple began with payments in 2012 and has since expanded into custody, stablecoins, and prime brokerage.Cross-Border Transactions Exceed $95 BillionEarlier this year, Ripple acquired Rail, a stablecoin infrastructure provider, to strengthen its Ripple Payments platform. The firm said its system now supports full-service cross-border payments using its stablecoin, Ripple USD, and XRP. Ripple holds 75 regulatory licenses, allowing it to move funds globally and manage liquidity directly for clients. The company reported more than $95 billion in total payment volumes.Swell 2025: We have closed a $500 million strategic investment at a $40 billion valuation, led by Fortress Investment Group and Citadel Securities: https://t.co/orsBjdkWbE→ $95B+ in total Ripple Payments payment volume→ $1B+ $RLUSD stablecoin market cap→ 6 strategic…— Ripple (@Ripple) November 5, 2025Ripple, Mastercard, and Gemini CollaboratesMeanwhile, in a move that could reshape how banks and card networks handle payments, Ripple has reportedly joined forces with Mastercard, WebBank, and Gemini to pilot stablecoin-based settlements using Ripple’s RLUSD token on the XRP Ledger. The partnership aims to integrate blockchain efficiency into traditional fiat transactions, marking a major step in bringing digital assets into real-world payment systems.Announced at Ripple Swell 2025 in New York, the initiative will use RLUSD—a stablecoin issued on the XRP Ledger—to streamline settlement processes between Mastercard and WebBank, the bank behind the Gemini Credit Card. The project stands out as one of the first times a regulated U.S. bank will test traditional card settlements using a stablecoin on a public blockchain. RLUSD Stablecoin Hits $1 Billion MarketIn October, Ripple acquired GTreasury, a treasury management platform that handles trillions of dollars for corporate clients. The company said the deal was driven by growing institutional use of stablecoins for payments and collateral.Ripple’s RLUSD stablecoin reached a $1 billion market capitalization within a year of launch. The asset is already used as collateral on Ripple Prime, formed through the Hidden Road acquisition. Since then, client collateral has doubled, average daily transactions have surpassed 60 million, and the business has tripled in size. Ripple Prime is now expanding into collateralized lending for XRP and supporting a broader base of institutions trading XRP-related products. This article was written by Tareq Sikder at www.financemagnates.com.

Montenegro-based retail broker Finveo has become the latest firm to integrate the Match-Trader platform as it seeks to improve its trading technology and client experience. Join IG, CMC, and Robinhood in London’s leading trading industry event!Partnership Aims to Improve Trading AccessMatch-Trade Technologies, the developer behind the Match-Trader platform, announced the partnership today (Wednesday), saying that the collaboration will give Finveo access to Match-Trader’s unified trading environment, combining execution, management, and client tools within a single platform.“We are pleased to welcome Finveo as the latest Broker on the Match-Trader platform.” the tech provider for CFD brokers said. “Finveo offers a tailored trading experience, focusing on security, trust, and personalized support for each client.”Finveo operates under Inveo Holding, a Turkish financial group with over three decades of market experience. The broker’s network of introducing broker partnerships remains central to its strategy, with technology partnerships like Match-Trader seen as key to enabling scalable client engagement.Read more: Exclusive: FundedNext Relaunches CFD Prop Trading in the US, but Not with MetaTraderMatch-Trade Technologies provides complete technology solutions for forex and trading businesses. It created the Match-Trader platform, which allows brokers and traders to execute and manage trades efficiently, including a platform server with multiple APIs and all-in-one white label solutions, which include tools for both traders and brokers.More Recent Collaborations with Match-TraderEarlier, London-based trading technology provider MahiMarkets also joined the Match-Trader platform to offer a unified pricing solution for financial institutions. The integration allows access to MahiMarkets’ real-time pricing engine directly within the Match-Trader ecosystem, enhancing pricing transparency and control. MahiMarkets, which recently expanded its global presence by opening offices in Dubai, in addition to its existing locations in London and New Zealand, expects this collaboration to help integrate its trading infrastructure with MahiMarkets’ pricing technology.Interestingly, prop trading is behind the growing adoption of Match-Trader. The company recently announced that it registered a 290% increase in server clients since January 2024, though it did not disclose the total number of clients. The company attributed the growth to rising adoption among brokers and proprietary trading firms.According to Match-Trade, the surge reflects a broader shift in the trading industry toward integrated and adaptable technology solutions that enhance user experience and deliver measurable business value. This article was written by Jared Kirui at www.financemagnates.com.

The cryptocurrency market continues to evolve in 2025, attracting investors who are seeking reliable and secure brokers. Whether you’re trading Bitcoin, Ethereum, or altcoins, choosing the best cfd crypto brokers is essential for a safe and efficient trading experience.This guide provides a detailed overview of the top cfd crypto brokers in 2025, helping traders evaluate their options based on regulation, fees, platforms, and available features.Choosing the Right CFD Crypto BrokerSelecting the best crypto broker is an important decision that can affect your trading outcomes. With so many platforms available, it’s important to assess key factors before opening an account. The following points can help you narrow down your options and find the top crypto brokers that align with your trading goals:Regulation and Safety: A regulated broker provides an additional layer of protection for your funds and ensures compliance with financial standards.Trading Platforms and Tools: User-friendly platforms with features such as advanced charting, risk management tools, and mobile apps can improve your trading experience.Fees and Costs: Understanding a broker’s fee structure, including spreads, commissions, and any hidden charges, helps you avoid unexpected costs.Crypto Selection: The best crypto brokers offer a wide range of digital assets, from well-known cryptocurrencies like Bitcoin and Ethereum to smaller altcoins.Security Features: Strong security measures such as two-factor authentication (2FA) and cold storage are essential when trading digital assets.Additional Services: Features like staking, integrated wallets, educational resources, and market analysis can add value to your trading journey.Customer Support: A responsive and helpful customer service team is vital for resolving issues and providing assistance when required.The top crypto brokers in 2025 combine these features in different ways, catering to both beginners and experienced traders. In the next section, we’ll explore each broker’s offerings in detail, helping you make an informed choice.Top Crypto CFD Brokers in 2025CoinbaseCoinbase continues to stand out as one of the most user-friendly crypto brokers in 2025. It is particularly appealing to beginners thanks to its intuitive interface and strong educational resources. Traders can buy and sell over 250 cryptocurrencies, including major assets like Bitcoin, Ethereum, and Solana, as well as trending altcoins. Coinbase also offers staking rewards on selected coins, which is a popular feature for those looking to earn passive income.With full regulatory compliance in the US and Europe, it maintains a high standard of security through features such as biometric logins, insurance on digital assets, and cold storage. Fees can be higher than some competitors, particularly for instant purchases, but the transparent pricing model and trusted reputation make it a preferred choice for many.ExnessExness, one of the world’s largest retail brokers, offers crypto CFD trading for those who prefer leverage and flexibility over spot ownership. It supports popular pairs like BTCUSD and ETHUSD, delivering tight and stable spreads,* and fast execution.* Spreads on BTCUSD remain stable 99.98% of the time,* while ETHUSD spreads have been reduced by 67%,* making it attractive to short-term traders and algorithmic strategies. Exness stands out for its user-friendly proprietary web terminal and mobile app and 24/7 trading, which suits the continuous nature of crypto markets.The platform also provides access to advanced MetaTrader 4 and MetaTrader 5 tools, giving experienced traders the technical edge they need. While it does not offer spot crypto trading, its low costs and efficient order execution make it an appealing option for active traders.*Spreads may fluctuate and widen due to factors including market volatility and liquidity, news releases, economic events, when markets open or close, and the type of instruments being traded. *Delays and slippage may occur. No guarantee of execution speed or precision is provided.*Stable spreads for BTCUSD CFDs on the Standard account remained at their minimum levels for over 99.98% of the time, from 23 June to 3 July 2025.*67% reduced ETHUSD spreads claim refers to a spread reduction on ETHUSD CFDs on Standard accounts, comparing spreads from 22 June 2025 - 30 June 2025 relative to the 2024 November average.eToroeToro combines the best of social trading with cryptocurrency investing. In 2025, it remains a popular choice for those who want to copy the strategies of successful crypto traders or build diversified portfolios without in-depth market expertise. eToro supports a wide range of digital assets including Bitcoin, Ethereum, XRP, and several DeFi tokens, available as both real coins and CFDs.The platform is regulated in multiple jurisdictions, including the UK and Cyprus, and places emphasis on transparency and investor education. Fees are built into the spreads, which are competitive for casual traders. eToro’s standout feature remains its community-based platform and CopyTrader tool, setting it apart from traditional exchanges.KrakenKraken is a preferred platform for serious crypto traders looking for deep liquidity and advanced trading options. In 2025, it supports over 220 cryptocurrencies and offers margin trading, futures contracts, and OTC services for high-volume clients. Kraken Pro, its advanced interface, caters to experienced users with customisable charts, order book depth, and API access for trading bots.Security is another area where Kraken excels. It has maintained a clean security record since 2011 and uses industry-leading measures such as two-factor authentication and proof-of-reserves audits. Fees are competitive, especially for high-volume traders, and the support for fiat deposits in multiple currencies makes it a globally popular choice.RobinhoodRobinhood primarily appeals to US-based traders who are looking for a simplified way to invest in crypto alongside stocks and ETFs. While its selection of crypto assets is smaller than other platforms, it includes major coins like Bitcoin, Ethereum, and Dogecoin. In 2025, Robinhood continues to offer commission-free trading, which remains a key attraction for cost-conscious investors.The platform now includes crypto wallet functionality, enabling users to transfer assets in and out a feature that was previously unavailable. With a sleek mobile app and beginner-friendly user interface, it serves as an easy entry point for retail investors, although advanced traders may find the limited features restrictive.Best CFD Crypto Brokers 2025 – Comparison TableFinal Thoughts on the Best Crypto Brokers in 2025The best crypto brokers in 2025 offer a range of services designed to meet the needs of both beginners and experienced traders. Regulation, security, fees, and available cryptocurrencies are all key factors to consider when choosing a platform. Whether you are looking for simplicity or advanced trading features, the top crypto brokers in this guide provide a solid starting point for navigating the evolving crypto market with confidence.Frequently Asked Questions (FAQ)What is the most secure crypto broker?Kraken is widely regarded as one of the most secure crypto brokers. Since its launch in 2011, Kraken has maintained a strong security record, offering features like cold storage, encrypted data handling, real-time monitoring, and two-factor authentication (2FA).Regular proof-of-reserves audits add transparency and build trust with users. For traders prioritising security, Kraken is often a top choice among the best crypto brokers.What is the best crypto trading platform?There is no single “best” platform, it depends on your trading goals and experience. Coinbase is often preferred by beginners due to its user-friendly interface and regulatory transparency.Advanced traders may favour Kraken or Binance for their low fees, wide asset selection, and advanced tools. eToro appeals to those interested in social trading, while Exness is popular among traders seeking high-leverage crypto CFD trading with fast execution. Each of these top crypto brokers offers different features suited to various trading styles.Who is the largest crypto broker?Binance is the largest crypto broker and exchange globally, based on trading volume, liquidity, and active user numbers. While this guide highlights Coinbase, Kraken, Exness, eToro, and Robinhood, Binance remains the dominant player in terms of global market activity.However, it is not available in all regions due to regulatory restrictions, so traders in certain areas may opt for other best crypto brokers that meet local compliance requirements.What is the number 1 crypto trading platform?There is no universal “number 1” crypto trading platform, as the best choice depends on a trader’s needs. Coinbase is frequently rated highly for beginners because of its intuitive design and strong regulatory status. Kraken and Binance are favoured by advanced traders for their low fees, broad asset selection, and advanced trading tools.eToro is popular among those interested in social trading, while Exness appeals to traders seeking high-leverage crypto CFD trading with fast execution. The right platform depends on your objectives, whether you want to buy and hold crypto, day trade, or follow other traders’ strategies. This article was written by Finance Magnates Staff at www.financemagnates.com.

Spotware Systems proudly announces the launch of its official YouTube channel - a new space created to connect trading industry professionals through real stories and meaningful conversations.The channel’s first series, “The Man Behind the Company”, shifts the focus from technology and charts to the human side of the industry. Each episode provides a behind-the-scenes view of the professionals shaping the trading world, exploring their career paths, experiences and the personal insights gained along the way. The premiere episode is hosted by David Kivakude, Business Development Manager at Spotware, and features Arthur Kbejan, Managing Director of Vanto FX. In this interview, Arthur opens up about his journey - the risks, tough decisions and lessons learnt while building a brokerage and leading a team.“Technology is only part of the story,” said Roman Snegirev, Head of Marketing at Spotware. “What truly drives this industry are the people - their ideas, persistence and the courage to innovate. Through ‘The Man Behind the Company‘, we want to shine a light on those stories and inspire others to push the boundaries of what’s possible.”The Spotware YouTube channel offers valuable insights and expert knowledge - from business strategy and technology to leadership and professional growth. Watch the first episode, The Man Behind the Company: Vanto FX This article was written by FM Contributors at www.financemagnates.com.

CMC Markets, a FTSE 250 company, has launched Spectre, a new trading account designed for professional clients. The account allows users to trade shares, cryptocurrencies, commodities, bonds, ETFs, funds, and FX within a single account.Join IG, CMC, and Robinhood in London’s leading trading industry event!The launch of Spectre follows the firm’s recent initiatives in digital trading. Earlier, CMC Markets conducted a pilot for tokenised share trading in the UK. The test used distributed‑ledger technology through its corporate broking arm, CMC CapX, with blockchain firm StrikeX. Investors were able to execute trades using tokenised securities.CMC Markets Launches Spectre Tax-Free Account“By removing leverage, through a Spectre account, we are eliminating daily financing costs, and margin calls, alongside tax-free trading,” Lord Peter Cruddas, founder and CEO of CMC Markets, said. Spectre is a spread bet account with zero leverage. Clients trade using their own capital, meaning no daily financing charges and no margin calls. The account also offers tax advantages, with trading exempt from capital gains tax, stamp duty, and daily financing charges.“We still offer leveraged products, but not all clients want leverage because the associated costs can affect their long-term performance. Spectre is a tax efficient alternative to leveraged trading and will appeal to long-term traders who want to maximise their performance through tax efficiencies and eliminate the associated costs of leveraged trading,” Cruddas added.CMC Markets Expands Australian Reach Through Westpac PartnershipMeanwhile, CMC Markets has extended its technology partnership with Westpac Banking Corporation to provide white-label trading platforms for Westpac Share Trading and St.George Directshares. The integration, expected to take about 12 months, will give CMC access to Westpac’s 13 million customers and could increase its Australian client base by roughly 40%, with domestic trading volumes potentially rising 45%.Customers will use CMC’s technology through branded web and mobile platforms integrated with Westpac’s existing infrastructure. Cruddas said the partnership validates CMC’s technology and presents growth opportunities. The deal requires no regulatory approvals. This article was written by Tareq Sikder at www.financemagnates.com.