Stablecoin infrastructure provider Zerohash has obtained a license under the European Union’s Markets in Crypto-Assets Regulation. The license allows the company to offer stablecoin services across the EU. Zerohash is among the first infrastructure providers to receive such authorization.Digital assets meet tradfi in London at the fmls25Mastercard is reportedly in advanced discussions to acquire Zerohash for between $1.5 billion and $2 billion, according to sources cited by Fortune. If the deal proceeds, it would represent a move into the stablecoin sector. Both companies declined to comment.Zerohash Secures EU LicenseZerohash provides blockchain infrastructure and stablecoin services to financial firms. The startup recently raised over $104 million, valuing it above $1 billion. It partners with organizations including Morgan Stanley and Interactive Brokers.Zerohash Europe said it secured a license from the Dutch Authority for the Financial Markets. This approval allows the company to offer stablecoin and crypto services to banks, fintech firms, and payment platforms across the 30 European Economic Area countries. Learn more: https://t.co/B2vK2t0tLO pic.twitter.com/uMxJtLtEMj— zerohash (@ZeroHashX) November 2, 2025Stablecoin Payments Expand Across Mastercard NetworkSeparately, Mastercard and MoonPay have launched a partnership to support stablecoin payments across Mastercard’s network. Financial firms and fintechs can issue cards linked to users’ stablecoin wallets, allowing real-time spending.? BREAKING NEWS ?MoonPay and @Mastercard have joined forces to enable stablecoin payments and spending at 150 million global businesses!with this partnership, every crypto wallet will also have access to new stablecoin-powered virtual Mastercards pic.twitter.com/nklJySCntP— MoonPay ? (@moonpay) May 15, 2025 Stablecoins convert automatically to local currency at over 150 million Mastercard locations. The system supports international payments, gig worker disbursements, and underbanked users. Mastercard is also testing tokenization and biometric authentication to improve security during online payments.Smaller Firms Face Challenges Under MiCAThe MiCA regulation imposes compliance requirements on service providers, issuers, and exchanges across the EEA. Well-capitalized firms are adapting, while smaller players face challenges. MiCA has affected stablecoins, with compliant issuers like Circle gaining share as non-compliant tokens are delisted. Experts say the rules may drive market consolidation, favor prepared firms, and increase sector stability, influencing investment flows, operations, and competition across Europe. This article was written by Tareq Sikder at www.financemagnates.com.

HONG KONG, November 3, 2025 – Eric Jing, Chairman of Ant Group, reaffirmed Ant’s commitment to deepening cross-sector collaboration on regulated AI and tokenization innovation in the territory, and to expanding its cross-border payment and trade financing services to support Hong Kong’s initiative to help Chinese businesses go global. Speaking on a panel with Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, and Fred Hu, Founder, Chairman and CEO of Primavera Capital Group at the 10th annual Hong Kong Fintech Week on November 3, 2025, Jing said the City’s visionary and prudent approach to policy innovation, rich commercial and financial use cases and a robust ecosystem of cross-sector collaboration constitute a strong foundation for the City’s continued global leadership. Ant Group took its first steps in Hong Kong when Chinese consumers and travellers began to make cross-border payments online and offline in Hong Kong with Alipay. Today, Hong Kong is a critical globalization anchor for Ant Group and its main affiliates, including Ant Digital Technologies, Ant International, and OceanBase, a distributed database technology provider. AI and Tokenization Driving Evolution of Finance“AI and tokenization are the two of the most critical forces driving the evolution of financial services,” said Jing. “Hong Kong regulators are leading the global experiment in both areas through visionary and prudent policy mechanisms.”“Financial services are data-rich and language-heavy, relying on precise communication of abstract and complex products. Nevertheless, the pace of change is faster and faster. In the mid-term, we will be able to see the rise of full AI account managers supported by agentic systems,” Jing said. While AI will help build accessible and quality professional financial services for billions, blockchain-based tokenization technology also demonstrates proven potential to realize secure and reliable global real-time settlement to improve trade efficiency for economies large and small. “The trend for tokenization in fintech is not for speculation, but for regulated institutions to work within the policy framework to improve real efficiency and transparency in value exchange,” Jing said.Ant Expanding Collaboration in Hong Kong on AI & Blockchain InnovationAnt Group’s digital technology subsidiary, Ant Digital Technologies (AntDT), is a key participant of HKMA's GenAI Sandbox to support banks' adoption of AI agents, and apply AI to unstructured data to develop enhanced risk management and anti-fraud solutions.Early in 2025, AntDT announced a series of new initiatives from its international headquarters in Hong Kong. AntDT established a joint AI and Web3 lab with Hong Kong Polytechnic University to accelerate breakthroughs and train new talents. It also recently announced that it is opening all four core pillar technologies to Hong Kong industry partners. Under Project Ensemble, Ant International worked on two use cases for global liquidity management with Standard Chartered and HSBC, leveraging its Whale blockchain platform to enable real-time cross-border, cross-currency institutional settlements. Following the collaboration in the Sandbox, Ant International also supported the co-development of HSBC’s first global tokenized deposits solution for its corporate clients.Through Alipay+, the global wallet gateway service under Ant International, AI payment and growth agents are rolling out not only to the 4.5 million Hong Kong active users and businesses through AlipayHK, the City’s largest digital and financial services platform, but also partner wallets in Southeast Asia and beyond.Expanding Cross-Border Financial Services from Hong Kong for Chinese Businesses to Go GlobalIn October, Hong Kong launched the GoGlobal Task Force – a one-stop support platform aimed at helping Chinese mainland enterprises expand their international business using Hong Kong as a strategic base. Under Ant International, Antom, the unified merchant payment service, provides integrated payment facilitation and growth solutions to China’s travel, digital and entertainment (D&E) and electric vehicle (EV) leaders. WorldFirst, a payment and financial services hub for SMEs, already supports 50,000 cross-border businesses in global e-commerce. “Hong Kong has a lot of advantages as a GoGlobal centre for Chinese businesses – world-leading financial systems, outstanding professional services, and a pool of talents with global insights and knowledge,” said Jing. “We look forward to expanding our cross-border payment, account and trade financing services from here to help more Chinese companies reach overseas markets and capital.” This article was written by FM Contributors at www.financemagnates.com.

B2PRIME Group launches B2PRIME Retail, a new standalone businessline that brings the Group’s institutional-grade technology and execution available to eligible retail clients through the appropriately licensed entities of the Group, subject to regulatory eligibility and regional restrictions.Join IG, CMC, and Robinhood in London’s leading trading industry event!The aim is to deliver professional grade execution, transparent pricing, and a high-quality client experience to broader audience.Built for traders from day oneMulti-asset at launch: CFDs on Forex, Metals, Indices, Commodities, Energies, Cryptocurrencies, and NDFs. In addition, B2PRIME has secured the DARE License in the Bahamas to offer regulated digital asset services, enabling the rollout of Crypto Spot and Perpetual Futures to eligible clients under the Bahamian regime (jurisdiction restrictions apply).Two clear account types:Raw Spread — direct institutional spreads + fixed commissionStandard — tight spreads, zero commissionPlatforms traders know:B2TRADER (multi-asset; TradingView integration for advanced charting and dynamic leverage depending on the financial instrument, and subject to jurisdiction restrictions)cTrader (dynamic leverage up to 1:500, strictly subject to client classification, regulatory jurisdiction, and applicable leverage limits per entity)Frictionless automationFull digital journey: onboarding journey with automated KYC/AML supported by compliance review, enabling near-instant account setup where permitted Near-instant, straight-through deposits and withdrawals on supported railsRoadmapNext instruments:Equities, then ETFs, mutual funds, listed futures, plus more crypto and NDFs – toward a complete multi-asset venue.Features:Copy trading and a next-gen IB program – leaderboards, tiered rebates, partner wallets, instant payouts – rolling out alongside new instruments.A separate business, professionally governedB2PRIME Retail operates as a ring-fenced division with independent management, systems, and governance, including strict information barriers between retail and institutional operations. It is a new line of business with its own team and workflows – built to give retail clients focused attention while preserving the integrity of the Group’s institutional operations.Many liquidity providers have already moved into retail. B2PRIME’s difference is bringing institutional-grade depth, execution quality, and transparency to retail without blurring lines. The retail stack also serves as a live showcase for brokers and partners who want to see the full potential of a pro-grade setup in a retail environment.For our institutional partnersNo change to institutional services, mandates, or prioritiesRing-fenced retail unit with separate teams and decision-makingContinued focus on reliability, precision, and reporting disciplineExecutive commentary“Retail traders deserve the same access to reliability and transparency comparable to professional standards, within applicable regulatory protections,” said Eugenia Mykuliak, CEO & Founder, B2PRIME Group. “With B2PRIME Retail, we’re opening that experience to a broader audience—while keeping a clear separation from our institutional business.”“We’re raising the standard, not just entering a segment,” added Alex Tsepaev, Chief Strategy Officer, B2PRIME Group. “Our retail arm runs on the same institutional backbone. It gives traders pro-level tools—and gives the market a clean, transparent model we hope more providers will follow.”Advancing a multi-line financial groupThe launch accelerates B2PRIME’s evolution into a diversified, multi-line financial group, with distinct businesses operating on a shared, institutional-grade foundation. In parallel, a new website with clearly designated sections for Retail (Personal), Professional, Corporate, and Institutional users has been launched — making it simple to find the right products and disclosures for every customer.Regulatory footprintServices are delivered by the relevant B2PRIME Group entity under its multi-license structure, including: CySEC (Cyprus), DFSA (Dubai), FSCA (South Africa), FSC (Mauritius), and FSA (Seychelles). In addition, the Group has secured the DARE License in The Bahamas to support its operations with Crypto Spot and Perpetual Futures where permitted. Onboarding coverage spans a broad list of jurisdictions via the appropriate entity.Services are provided under the relevant entity’s authorisation and jurisdictional scope. Both CySEC and DFSA entities currently serve professional clients exclusively.About B2PRIME GroupB2PRIME Group is a global financial services provider for institutional and professional clients. Regulated by CySEC, DFSA (Dubai), FSCA (South Africa), FSC (Mauritius), and FSA (Seychelles), the Group offers access to competitive multi-asset liquidity and institutional-grade trading solutions with a focus on reliability, transparency, and operational excellence.Risk NoticeCFDs and digital assets are complex instruments and carry a high risk of losing money rapidly due to leverage and market volatility. Leverage limits, product availability, and client protections vary by jurisdiction and entity. B2Prime Retail services are provided by the relevant B2Prime Group entity, authorised and regulated in its respective jurisdiction. Clients under the DFSA entity are classified as Professional Clients only. Please read all risk disclosures and terms applicable to your contracting entity before trading. Disclaimer: This article is neither produced by nor contributed to by any editorial team member of Finance Magnates, nor does it necessarily reflect the views of the editors from Finance Magnates. This article was written by FM Contributors at www.financemagnates.com.

The recent delisting of PipFarm from Prop Firm Match has exposed tensions between some prop firms and the rating website in this niche sector. While Prop Firm Match stressed that its decision followed “an extensive review process”, PipFarm’s founder and CEO, James Glyde, highlighted that the final request from the rating website “went far beyond what is reasonable.”Join IG, CMC, and Robinhood in London’s leading trading industry event!Filling the Regulatory Gap in PropProp Firm Match is a popular platform that lists and ranks reliable prop firms, which are obviously not regulated. Its ratings create authenticity around the prop platforms because of its extensive review process and ratings from real users.The website attracts over 1.2 million monthly visits globally, according to Prop Firm Match. SimilarWeb data also shows that India is its largest traffic source, accounting for around 10 per cent of the total.The platform came into existence to tackle the lack of transparency around the prop industry. While other generic review websites struggled with the nuances of the prop industry, Prop Firm Match focus specific to this niche boosted its authenticity. Read more: Trustpilot or Bust - Why Brokers and Prop Firms Are Going All-In on Review War RoomsSuspension and delisting of prop firms from Prop Firm Match are not unusual. The rating platform suspended or delisted True Forex Funds, The Funded Trader, Bespoke Funding Program, Funded Engineer and several others. However, all these firms faced severe operational issues or were eventually shut down.PipFarm, however, does not seem to fit into that group, despite numerous negative reviews on social media.? PipFarm is no longer listed on Prop Firm Match.This decision follows an extensive review process and reflects our continued dedication to upholding the highest standards of transparency, financial health, and operational integrity across all listed firms.We acknowledge the…— Prop Firm Match (@PropFirmMatch) October 29, 2025Are Requests Getting Unrealistic?According to Glyde, his company provided “extensive documentation” on its “operations, procedures and resources” to Prop Firm Match, but the rating website was “asking for written commitments and legal undertakings.”The PipFarm CEO believes that the final request by the rating platform even exceeded “what regulators require of shareholders when licensing a broker or a bank.”“I was advised against it, and out of principle, I chose not to comply with their demand,” he added.I appreciate the role Prop Firm Match plays in the prop industry and cooperated fully with every part of their enhanced review process. I provided extensive documentation on our operations, procedures and resources.However, their final request went far beyond what is… https://t.co/3bfLSNRcvs— James Glyde (@Jamesglyde) October 30, 2025FinanceMagnates.com reached out to Prop Firm Match’s CEO, Martin Jensen, but he refused to share anything specific to PipFarm beyond what’s public, only adding: “We have very strict demands for firms to get listed and monitor listed firms to ensure they uphold the standards we expect from our partners.”"I’d rather be criticized for requesting too much than too little — which is the opposite of what most actors in the prop industry are doing... At the end of the day, we need to feel confident about every firm we feature. We’ll request whatever information we find necessary, and we have valid reasons for doing so."Glyde revealed to FinanceMagnates.com that his platform received about $12,000 sales in 30 days before it was delisted. However, most of those sales came from existing customers who were arbitraging their coupon codes.Another prop firm confirmed that Prop Firm Match brought “quite a lot of traffic” to its platform when they were running big discount offers. However, according to them, around half of that traffic was toxic.The rating platform, according to the prop firm, also asked for enhanced visibility into its payout systems. However, the prop firm refused the offer as it was unwilling to share such a large amount of sensitive data.Jensen, on the other hand, said his platform does not request such an access, elaborating: "What we offer is an optional API connection, allowing firms to display their payout times and amounts (with no user data shared with us). This feature is currently used by 10 listed firms, with several more in the process of joining. It’s a transparency initiative — one of many we’ve launched — that adds value for both traders and reputable firms. The firms participating have nothing to hide and are proud to have their payout speed and volume verified by a neutral third party." This article was written by Arnab Shome at www.financemagnates.com.

Hong Kong will ease rules and introduce a tokenisation pilot scheme to support digital asset trading and investment, government officials said today (Monday). The plan is part of regulatory measures to expand blockchain-based financial products, following other regulators easing rules on tokenisation.Digital assets meet tradfi in London at the fmls25Last week, the Australian Securities and Investments Commission issued guidance on how existing financial laws apply to digital assets. The regulator said the clarification aims to strengthen investor protection and provide firms with clearer compliance rules. ASIC confirmed that stablecoins, wrapped tokens, tokenised securities, and digital asset wallets are financial products under current law. Local Crypto Order Books Gain FlexibilityIn Hong Kong, the Securities and Futures Commission will ease restrictions to allow locally licensed virtual asset trading platforms to share global order books with affiliates overseas, SFC Chief Executive Julia Leung said at the Hong Kong Fintech Week conference.The change removes the rule that required order books to remain within Hong Kong and is intended to improve access to global liquidity.VATPs Can Offer Newer Tokenised AssetsVATPs will also be allowed to distribute virtual assets and Hong Kong-regulated stablecoins with less than a 12-month track record to professional investors. The revision lowers the previous one-year requirement and supports tokenised products entering the market.?? NEW: The UK’s FCA has proposed letting fund managers tokenise investment funds. pic.twitter.com/TgayNxi3jp— Cointelegraph (@Cointelegraph) October 14, 2025FCA Outlines Plans to Support Tokenised Asset ManagementMeanwhile, the UK’s Financial Conduct Authority has released plans to support tokenisation in asset management. The initiative aims to improve efficiency and provide clearer guidance for firms adopting digital technology.Tokenised products are expected to benefit professional investors primarily, while retail investors may gain indirectly through lower costs and broader access. The FCA outlined frameworks for operating tokenised fund registers, simplified buying and selling models, and guidance on addressing operational barriers, signaling regulatory readiness for future developments in tokenised asset markets. This article was written by Tareq Sikder at www.financemagnates.com.

A Swiss digital asset exchange backed by Europe's sixth-largest exchange group has struck a deal with a U.S. tokenization firm to enable trading of over 100 tokenized stocks and exchange-traded funds ahead of its formal market launch.BX Digital, which operates under a distributed ledger technology trading license from Switzerland's financial regulator FINMA, will list tokenized securities issued by Ondo Finance through its Ondo Global Markets platform. The arrangement gives European investors access to blockchain-based versions of U.S. equities that can settle in real time and transfer across digital wallets.Tokenized Stock Trading in SwitzerlandBX Digital received its FINMA license as Switzerland's first regulated DLT trading facility in March, positioning the exchange to handle multilateral trading of tokenized securities with settlement tied to the Swiss National Bank's payment system. The platform uses audited smart contracts for delivery-versus-payment settlement, typically completing transactions within 30 minutes compared to the two-day standard in traditional markets."As one of the first firms preparing the admission of tokenized products on BX Digital, we're demonstrating how tokenized assets can deliver the accessibility, transparency, and efficiency investors expect in established financial markets," said Ian De Bode, Chief Strategy Officer of Ondo Finance.The move adds to a wave of platforms competing to tokenize traditional securities, from Kraken and Bybit's xStocks offerings to Robinhood's 200-stock pilot for EU users. Unlike earlier experiments that stumbled over regulatory uncertainty, current efforts launch through licensed entities in jurisdictions like Switzerland that have built legal frameworks specifically for blockchain-based financial infrastructure.Custody Model Raises Familiar QuestionsOndo's tokenized products are backed by underlying stocks and ETFs held with licensed U.S. custodial broker-dealers, along with cash in transit. The structure mirrors other tokenized equity offerings that have drawn scrutiny over whether they constitute repackaged derivatives rather than direct ownership.Lidia Kurt, Chief Executive Officer of BX Digital, said the partnership with Ondo "underscores our ambition to provide issuers worldwide with a trusted and regulated environment for innovative digital asset products."Token holders don't receive voting rights or dividends unless specified, and they depend on the issuer's custody arrangements and operational continuity. Dubai-based exchange executive Anton Golub previously described such products as "wrappers" that introduce counterparty risk absent in traditional brokerage accounts.Still, institutional interest in compliant tokenization infrastructure has grown. Ondo Global Markets reported its tokenized equity platform reached $350 million in total value locked within weeks of its September launch on Ethereum, with plans to expand to BNB Chain and Solana.Today, Ondo Global Markets expands to @BNBCHAIN, bringing U.S. markets to millions worldwide.100+ tokenized stocks & ETFs are now live on one of the world’s most active blockchain ecosystems, supported by @PancakeSwap.Wall Street, now on BNB Chain. Powered by Ondo. pic.twitter.com/G8l2EUsy8s— Ondo Finance (@OndoFinance) October 29, 2025Europe Pulls Ahead on Regulatory ClaritySwitzerland's DLT Act, which took effect in 2021, recognizes tokenized securities as legally enforceable and permits their direct registration on blockchain-based ledgers. The framework gives firms like BX Digital regulatory certainty that remains elusive in the U.S., where the SEC has yet to approve retail tokenized stock trading despite Commissioner Hester Peirce's recent statements that the agency is "willing to work with people who want to tokenize."Across Europe, the EU's DLT Pilot Regime launched in March 2023 allows approved market infrastructure operators to test trading and settlement of tokenized financial instruments under temporary exemptions from certain MiFID and central securities depository rules. Several member states including Germany and Luxembourg have enacted specific legislation to enable blockchain-native securities.BX Digital operates under the Boerse Stuttgart Group alongside BX Swiss, Switzerland's second-largest stock exchange. The group's Seturion platform launched in September as a pan-European settlement system for tokenized assets, supporting both public and private blockchains with settlement in central bank money or on-chain cash.Market Projections Hit $2 TrillionMcKinsey analysis estimates the market capitalization of tokenized assets could reach approximately $2 trillion by 2030, excluding cryptocurrencies and stablecoins. That projection encompasses mutual funds, bonds, exchange-traded notes, loans and securitization products moving onto blockchain infrastructure.Current real-world asset tokenization holds $31 billion in market value, with tokenized stocks accounting for $714 million of that total according to RWA.xyz. Backed Finance's xStocks offering surpassed $300 million in trading volume within four weeks of launching on Solana through partnerships with Kraken and Bybit.The crypto exchange Coinbase has submitted applications to the SEC seeking approval to offer tokenized stock trading to U.S. customers, while Alpaca launched its Instant Tokenization Network at Singapore's TOKEN2049 conference to facilitate in-kind creation and redemption of tokenized equities. This article was written by Damian Chmiel at www.financemagnates.com.

Finance Magnates is proud to be the official media partner of the upcoming “Online Brokerage AI Revolution: LSEG Content and AI Tools” event, taking place on November 20, 2025, at the Parklane Hotel in Limassol, Cyprus.Hosted by the LSEG (London Stock Exchange Group), this exclusive event will explore how premium market content and advanced AI technologies are transforming the retail brokerage experience. Attendees will gain firsthand insights into how intelligent tools are redefining client engagement, automation, and efficiency in online trading.A highlight of the agenda will be the panel discussion, “AI-powered Clients: The New Era of Retail Engagement,” moderated by Andrea Badiola Mateos, Co-CEO of Finance Magnates Group. The session will bring together thought leaders and innovators to discuss how AI is shaping the next generation of brokerage solutions.Event DetailsDate: Thursday, 20 November 2025Time: 14:30 – 19:00Venue: Parklane Hotel, Giannou Kranidioti 11, Limassol, CyprusAgenda Highlights:14:30 – 15:00: Registration15:00 – 16:00:LSEG content and cutting-edge AI toolsSpeakers:Valentin Tassel, Solutions Consultant – NLP, EMEA Market Development, LSEGPrajesh Manglani, Director – Global Customer Solutions, LSEGPetru Fruntes, Principal Proposition Specialist, EMEA, LSEG16:00 – 17:00:Panel Discussion – AI-powered Clients: The New Era of Retail EngagementModerator: Andrea Badiola Mateos, Co-CEO & CCO, Finance Magnates Group17:00 – 19:00: Networking DrinksParticipation is free, but registration is required as seats are limited. Please note that this is a by-invitation event, and registrations will be reviewed to ensure they are relevant to the target audience.? Reserve your spot nowJoin LSEG (London Stock Exchange Group) to explore the next chapter of AI innovation in retail brokerage and connect with peers shaping the future of intelligent trading experiences. This article was written by Finance Magnates Staff at www.financemagnates.com.

Market-leading Fintech company X Open Hub was recently recognized by the UF AWARDS APAC 2025 as being the Best Liquidity Provider and Best Technology provider in Asia. The wins are exceptionally valuable, as the UF AWARDS are considered the industry’s most impartial and credible. The reason they have such a stellar reputation is largely because the nominations and voting are open to both the industry and the general public. This means winners are voted on by real clients and product users, not a board or committee. The awards are announced during the iFX EXPO Asia, which took place in Hong Kong this year, providing a very industry-specific audience for all the winners. According to their CEO, Michal Copiuk, “These awards recognize what our clients feel in peak minutes: depth that holds, routing that adapts, and execution that stays consistent when it matters most.”An Award-Winning Solution for Financial InstitutionsX Open Hub’s comprehensive liquidity and technological solutions are made for financial institutions' use cases. Specifically designed to cover all clients’ demands, no matter the scale and scope of their operations. Their solutions are designed to accommodate rapid growth and practically unlimited scalability. The company’s CEO, Michal Copiuk notes, “In a crowded market, sameness is a dead end. Our technology gives brokers a configurable, scalable white-label — deep order book, consistent fills at peak, and analytics that turn execution into advantage.”Further proof that X Open Hub’s multi-asset liquidity offering is purpose-built for brokers and banks is that it offers a choice of over 5,000 instruments, including, but not limited to, popular market classes such as forex, cryptocurrencies, ETFs, bonds, shares, and commodities. It can be tailored to each entity’s requirements, while also providing access to deep liquidity. A powerful and highly integrable back-office system allows for advanced risk management as well as sophisticated and customizable reporting required for specialized regulatory frameworks such as EMIR or MiFIR. Market-Leading BenefitsX Open Hub’s award-winning solutions ensure banks and brokers have access to a deep and transparent order book, razor-sharp spreads, millisecond-quick execution and price feeds, routing resilience, and consistent fills even during peak minutes. Their superior pricing means that no minimum deposits or volume commissions are required on OTC instruments, competitive overnight fees, and low institutional swaps. A dedicated White Label Platform allows IBs and White Labels to quickly launch their own fully featured, bespoke brokerage. About X Open HubX Open Hub is part of the Warsaw-based and publicly listed XTB Group, specializing in the development of both liquidity and technology infrastructure for financial institutions. The XTB Group, which X Open Hub is a part of, has had a market presence that spans two decades. Both the group’s and the company’s mission has remained unchanged since their founding: to provide their institutional clients with a powerful and transparent trading ecosystem. Today, it counts fintech, brokers, and banks among its global clientele. They are driven by the pursuit of innovation that can empower their clients’ success. If you’d like to learn more about X Open Hub’s award-winning products and services, feel free to contact them by clicking or tapping here. This article was written by FM Contributors at www.financemagnates.com.

Tesla’s board says it’s “approve or lose him” ahead of the shareholder vote on Elon Musk’s trillion-dollar compensation plan. The vote is set to take place on Thursday, November 6.A Familiar Threat Wrapped in a Trillion DollarsTesla’s board is once again dangling its favorite carrot: Elon Musk’s potential departure. In a letter to shareholders this week, Chair Robyn Denholm warned that without approving Musk’s proposed $1 trillion pay package, Tesla could lose its CEO. You can read the letter here.Tesla is at a critical inflection point. We need your vote ahead of our 2025 Annual Meeting on November 6. Tesla shareholders, the owners of our company, will soon receive their control numbers and voting instructions from their brokers. This will enable you to vote.We are…— Tesla (@Tesla) September 18, 2025“The fundamental question for shareholders at this year's Annual Meeting is simple: Do you want to retain Elon as Tesla's CEO and motivate him to drive Tesla to become the leading provider of autonomous solutions and the most valuable company in the world?” Denholm wrote.Tesla’s shareholder meeting is one week from today. Make sure you, and everyone you know who is a $TSLA shareholder, has voted. This is the most important vote in the company’s history.Here's how to vote: pic.twitter.com/hUUESFOmsm— Sawyer Merritt (@SawyerMerritt) October 30, 2025The company has made this argument before. Last year, it was a $56 billion pay deal, the largest ever for a CEO at the time, and shareholders approved it despite widespread backlash. Now, history is repeating itself, only with a few extra zeroes and a looming sense of déjà vu.A $1 Trillion To-Do ListMusk’s new package isn’t a lump sum. It’s a decade-long obstacle course of performance targets that sound more like a sci-fi manifesto than a corporate plan.[#highlighted-links#] According to reports, Musk must meet 12 key benchmarks, from selling around million vehicles to producing 1 million autonomous robotaxis. There’s also the small matter of turning Tesla into an $8.5 trillion company by 2035.There’s even a goal to ship one million Optimus humanoid robots, a project Musk has been touting as the company’s next big leap beyond cars. If he manages to tick every box, his stake in Tesla could rise from 13% to nearly 29%. That would make him not only the world’s richest person, but possibly the first to hit a trillion-dollar net worth.The Delaware Drama (and Why It Matters)This latest vote didn’t emerge in a vacuum. Earlier this year, a Delaware judge struck down Musk’s previous $50 billion pay package, calling it “flawed” and the product of a board too cozy with its CEO. Tesla appealed and then pulled a classic Musk move: announcing plans to shift its corporate registration from Delaware to Texas, a state with far fewer corporate guardrails.Elon Musk, the world’s richest person, spent the end of Tesla’s earnings call pleading with investors to ratify his upcoming $1 trillion pay package and blasting the shareholder advisory firms that have come out against the plan. https://t.co/DJgrnTq5P9?: Andrew Harnik/Getty… pic.twitter.com/63Jo4edbLF— Bloomberg (@business) October 23, 2025Proxy advisory firms ISS and Glass Lewis have advised shareholders to vote against the new deal, calling it excessive and overly influenced by Musk’s inner circle. Musk, in turn, called them “corporate terrorists.”“I just don’t feel comfortable building a robot army here and …then being ousted because of some asinine recommendations from ISS and Glass Lewis, who have no freaking clue,” Musk said. “They have made many terrible recommendations in the past that if those recommendations had been followed, it would have been extremely destructive to the future of the company.” Tesla’s Vote, Tesla’s Future?The shareholder vote, set for Thursday, could well determine whether Musk keeps the keys to his own empire. Denholm insists that without him, Tesla could lose “significant value” and its role as a “transformative force” in AI and robotics.Tesla Shareholders: You want the best for Tesla?Please vote with the Board’s recommendations on all proposals.Every vote counts, whether you own one share or many. Make your voices heard.It only takes a few minutes.All details on how to vote can be found at… pic.twitter.com/t0O6qjsY7X— Déborah (@dvorahfr) September 23, 2025Critics argue the company is already at an inflection point, and that its problems run deeper than Musk’s motivation. Tesla’s car lineup is aging, Chinese competition is fierce, and U.S. EV tax credit, which helped buoy sales this year, are about to expire.Meanwhile, Musk continues to split his time between Tesla, SpaceX, Neuralink, The Boring Company, xAI, and X (the artist formerly known as Twitter). The question isn’t whether Musk can make Tesla worth $8.5 trillion, but whether he’ll actually stick around long enough to try.The Trillionaire in WaitingIf shareholders approve the package and Musk manages to meet his own near-impossible metrics, he’ll become the world’s first trillionaire. At present, his net worth sits around $500 billion, according to Forbes, so there’s still some pocket change to earn.Between SpaceX (valued at around $350 billion as of late-2024), Neuralink, and his ever-expanding empire of startups, Musk’s financial gravity continues to pull the market around him. Even Nvidia’s Jensen Huang and India’s Gautam Adani are unlikely to catch up if Tesla’s bet pays off.Final Thoughts: Vote of Confidence, or Cult of Personality?Tesla’s latest plea feels less like a corporate decision and more like an intervention staged by true believers. The board’s message is simple: without Musk, there is no Tesla. But that line has worn thin, especially for investors who’ve weathered the company’s volatility, recalls, and erratic CEO behavior.Still, the odds are that shareholders will vote yes, again. Not because they think the package is fair, but because, as history shows, Tesla is as addicted to Musk as Musk is to attention.If he wins, he’ll be one step closer to becoming the first trillionaire in history. If he loses, he might just take his robot army and go home. Either way, the world will be watching on November 6.For more stories around the edges of finance and tech, visit our Trending pages. This article was written by Louis Parks at www.financemagnates.com.

Silver prices rebounded today (Monday), 3 November 2025, to $48.66 per ounce (+1.03%), consolidating near record highs as analysts increasingly predict the white metal could double toward $100 once it decisively breaks through the psychologically critical $50 barrier. My technical analysis of XAG/USD, based on more than a decade of experience as a trader and analyst, also confirms the potential for strong gains. In this article, I examine why silver is increasing and how high the silver price could go.Why Silver Price Is Going Up Today?After a modest correction from historical highs tested in October, prices are rebounding from the 50-day exponential moving average (50 EMA) and moving in consolidation still close to record prices. Silver's rebound coincides with rising market turbulence as investors trimmed exposure to risk assets. The Federal Reserve delivered a quarter-point rate cut as expected, but Chair Jerome Powell's remarks about data dependency limited expectations for additional easing in December. "Although the central bank delivered a quarter-point rate cut, Chair Jerome Powell's remarks about data dependency limited expectations for additional easing in December," according to Jainam Mehta from Traders Union.The Trump-Xi summit brought modest progress on trade but failed to deliver major breakthroughs.The record high price of gold, which I wrote about last week, also plays a role in this. Silver prices usually move in tandem with the yellow metal.At this moment, the most significant area will be resistance around $54, and breaking through it will open the path to price discovery.How High Can Silver Go? Analysts See Silver Doubling to $100 After $50 BreakoutSeveral analysts believe silver could surge dramatically once it crosses and holds above the $50 psychological threshold. According to a CNBC analysis published October 13, silver could double to $100 per ounce after successfully breaching the $50 mark, a level that has proven to be major resistance since the 2011 peak of $49.45 (which was briefly exceeded in October 2025 when silver hit $53.34).The $100 target represents more than a 100% gain from current $48.66 levels, but it aligns with historical patterns where silver experiences explosive rallies once key resistance levels are broken. The white metal's behavior often follows gold with amplified volatility, and with gold trading above $4,000 for the first time earlier this year, the spillover effect into silver could be substantial.Silver to hit $100 by the end of 2026 says BNP Paribas and Solomon Global ?? pic.twitter.com/wshWWjE9LU— Barchart (@Barchart) October 14, 2025"Despite recent gains, silver is still cheap compared to gold. Lower U.S. yields, limited availability of physical metal, and robust industrial and investor demand are propelling prices into new territory. With this persistent imbalance between supply and demand, a $100 silver price by the end of 2026 is certainly within reach," Solomon Global analysts predict.Robert Kiyosaki’s Silver Price Prediction: Whie Metal Heading to $75 Next"Rich Dad Poor Dad" author Robert Kiyosaki, known for his bullish precious metals stance, posted on October 10: "SILVER over $50. $75 next? Silver and Ethereum hot, hot, hot." The entrepreneur and investor's $75 target represents a 54% upside from current levels and falls within the range of aggressive analyst forecasts.Kiyosaki has been consistently bullish on silver throughout 2025, advocating for precious metals as protection against fiat currency debasement and monetary policy uncertainty. His $75 prediction aligns remarkably well with my technical analysis using Fibonacci extensions, which I'll detail below.SILVER over $50.$75 next ?Silver and Ethereum hot, hot, hot.— Robert Kiyosaki (@theRealKiyosaki) October 10, 2025Silver Technical Analysis: Fibonacci Extensions Point to $72-$88 TargetsAccording to my technical analysis, although nobody possesses a crystal ball, we can use Fibonacci extensions for guidance. These extensions, stretched across the uptrend observed from April lows this year to October highs and the correction from the last two weeks, show that the 100% extension falls around $72, which aligns perfectly with Robert Kiyosaki's predictions of further price increases.The 161.8% Fibonacci extension lands around $88, which in turn aligns with predictions that silver prices could double in the medium term. These technical projections provide mathematical support for the bullish narratives emerging from fundamental analysts and prominent investors.The current consolidation between $47-$49 represents a healthy pause after silver's extraordinary 71.9% year-to-date rally. Silver starting the week at $48.83, rebounding from the 50 EMA, suggests the white metal is building a platform for the next leg higher rather than experiencing a trend reversal.Silver Price Prediction TableMajor financial institutions have published aggressively bullish silver forecasts. Bank of America projects silver reaching a $65 peak in 2026, averaging $56.25 for the year, representing 34% upside from current $48.66 levels. According to Traders Union's outlook: "Silver's short-term outlook remains constructive as long as prices stay above $48.00 and the 200-EMA base. The narrow consolidation range between $48.00 and $50.00 reflects a market searching for balance after several volatile sessions."Before you leave, please also check my previous analyses of the precious metals market:Silver Price Analysis, FAQHow high will silver go in 2025-2026?Silver trades at $48.66 after 71.9% YTD rally with institutional forecasts ranging from HSBC's $50-$53 near-term to Bank of America's $65 peak 2026 (+34% upside), Robert Kiyosaki predicting $75 (+54%), CNBC analysis suggesting $100 doubling scenario after $50 breakout, and my Fibonacci technical analysis identifying $72 (100% extension) and $88 (161.8% extension) targets from April-October rally measured from recent two-week correction.Why is silver rising so fast?Silver's 71.9% YTD gain driven by gold spillover effect (HSBC: "gains in gold attract ancillary buying in silver" as gold crossed $4,000), London physical market tightness from US tariff-driven flows creating supply constraints, Federal Reserve rate cuts reducing opportunity cost of non-yielding assets, safe-haven demand amid market volatility, industrial demand acceleration (solar panels, EVs), volume surging to 10,227 (10.45x average) indicating institutional accumulation, golden cross formation (50-day MA $44.93 above 200-day MA $36.99).Will silver hit $50 again this year?Yes. Silver at $48.66 sits only 2.8% below $50 psychological barrier with Jainam Mehta (Traders Union) noting "sustained move above $49.50-$50.00 could revive bullish momentum," HSBC expecting test of $50 "in near term," RSI at 60.9 showing improving momentum, volume 10.45x average confirming buying interest, though key resistance $48.33-$48.60 (20/50 EMA) must be broken first, with failure to hold $48 risking retest of $47 support before another attempt.Is silver a better investment than gold now?Yes. Silver up 71.9% YTD vs gold +55% (silver outperforming), gold/silver ratio 82:1 vs historical 60:1 average (silver undervalued 27% on relative basis). However, silver exhibits higher volatility (50 vol asset requiring larger position risk management), industrial demand provides structural support that gold lacks, but gold remains the primary safe-haven with deeper liquidity for larger allocations. This article was written by Damian Chmiel at www.financemagnates.com.

Takeprofit Tech, a fintech software developer based in Cyprus, has completed a bridge integration for PFH Markets, an offshore broker registered in St Lucia.The one-week deployment connects the broker's MetaTrader 5 platform to Takeprofit's order routing infrastructure. According to the press release sent to FinanceMagnates.com, PFH Markets will use the technology to manage trade execution and monitor client positions.TakeProfitTech’s Bridge Technology Sees Growing AdoptionMetaTrader bridges serve as middleware between trading platforms and liquidity providers, allowing brokers to route orders and apply risk parameters before trades reach the market. The technology has become a standard component of forex broker infrastructure, particularly among firms looking to aggregate multiple liquidity sources or implement automated hedging strategies.Takeprofit Tech, founded in 2013 and operating offices in Cyprus and Russia, has built its business around these integration tools. The company counts more than 100 brokers as clients and has recently expanded its footprint in Middle Eastern and Asian markets.Most bridge deployments require several weeks of configuration and testing before going live. The seven-day timeline in this case suggests either a simplified setup or extensive pre-planning between the two companies.“The bridge is a vital part of a broker’s infrastructure, ensuring brokerage stability and precise order execution,” said Nikita Videnkov, Bridging Expert and Senior Account Manager at Takeprofit Tech. “The efficient setup enabled us to reach the targeted performance outcomes.”Tech Provider Notches New Deals in Recent MonthsSaracen Markets, a broker focused on Middle Eastern clients, added Takeprofit's bridge technology to its MetaTrader 5 platform in September. The firm operates in eight countries and markets itself as a Sharia-compliant trading provider, using the bridge to connect with multiple liquidity sources and aggregate pricing across providers.Macro Global Markets, which holds an Australian Securities and Investments Commission license, deployed risk management tools from Takeprofit Tech on its MetaTrader 4 infrastructure. The broker now uses Dynamic Leverage and Swap Control Center features, allowing it to modify leverage limits and swap rates based on real-time market conditions and individual client risk assessments.Fiboniq Technologies, a Cyprus-based CRM provider, integrated Takeprofit's social trading module into its customer relationship management system in October. The feature lets forex brokers offer copy trading services by connecting multiple MT4 and MT5 servers into a unified network where traders can share strategies with followers.Takeprofit Tech's portfolio includes liquidity aggregation tools, crypto exchange integrations, and automated risk monitoring systems. The company joined Broctagon's WorldBook liquidity network in 2024, expanding its connections to institutional liquidity providers. This article was written by Damian Chmiel at www.financemagnates.com.

The Australian Securities Exchange (ASX) has appointed Philip Lowe, who led the Reserve Bank of Australia (RBA) during the pandemic years, as Chairman of a new panel that will advise on corporate governance standards for companies listed on the exchange.Former RBA Governor Philip Lowe Named Chairman of ASX Governance PanelLowe will head the Advisory Group on Corporate Governance, which takes over from the ASX Corporate Governance Council. The old council had 19 members and was scrapped in October after an independent review found it too large and unable to agree on updates to governance rules.The exchange now holds direct authority to approve and publish its Corporate Governance Principles and Recommendations. The advisory group, which will have between six and ten members, provides input but doesn't make final decisions.“I am confident that through open dialogue, broad consultation and evidence-based advice, ASX with the support of the advisory group can develop Principles that are widely supported by the market," Lowe commented on the move.Exchange Takes Direct ControlASX CEO Helen Lofthouse said the exchange will work with Lowe to fill the advisory positions quickly. She thanked the former council members who shaped governance practices for Australian companies over more than 20 years.“ASX is delighted to have a Chair of the calibre of Dr Philip Lowe, given his deep understanding of Australian financial markets, policy development and stakeholder engagement,” she commented.The old council ran into trouble earlier this year when it tried to update reporting requirements around board diversity. The proposal, which would have expanded disclosures beyond gender, faced pushback and never made it through. That failure prompted the review that led to the council's dissolution.You may also like: “It Is Deeply Disappointing That Regulators Need to Take These Actions Today”: RBA Governor Slams ASXGovernor Brings Decades at Central BankLowe started at the Reserve Bank in 1980, straight out of school. He moved up through various departments over the years, including stints running economic research and financial stability divisions. He spent two years at the Bank for International Settlements in Switzerland before returning to become deputy governor in 2012.He took over as governor in September 2016 and served until September 2023. During his time at the top, he dealt with the pandemic response, which included cutting interest rates to 0.1 percent and pumping billions of dollars into the economy through bond purchases and cheap loans to banks.The policies helped Australia recover faster than most developed countries, but they also led to criticism. An independent review found the bond program and lending facility resulted in losses between A$30 billion and A$58 billion, leaving the central bank technically insolvent. The bank stopped paying dividends to the government and won't resume until it returns to positive equity, which could take until 2032.Since leaving the central bank, Lowe has taken on a handful of positions. He chairs Future Generation Australia, a social investing firm, and sits on the boards of the Victor Chang Cardiac Research Institute and Barrenjoey Capital Partners.Members Sought From Across MarketLowe said strong governance remains central to the reputation of Australia's public markets. “This new advisory group provides an important opportunity to establish practical governance practices that drive long term value for shareholders and listed entities,” he added.The exchange is now looking for advisory group members and wants nominations from industry bodies and stakeholders. It's seeking people like a superannuation fund chair or chief investment officer, directors with experience at large and small listed companies, an investment manager, a company secretary, and a stockbroker with expertise across retail and institutional investors. This article was written by Damian Chmiel at www.financemagnates.com.

Swissquote Group has tapped Jan De Schepper, a longtime sales and marketing executive at the company, to run Yuh, its consumer-focused digital banking app.De Schepper, 49, assumed the CEO position immediately, replacing Markus Schwab, who left the role in early August to pursue other opportunities. The appointment comes as Swissquote looks to tighten integration between its traditional trading platform and the newer Yuh app, which targets retail customers with simplified financial services.De Schepper joined Swissquote in 2015 and currently serves on the company's executive board as Chief Sales and Marketing Officer. He'll keep that position while adding the Yuh CEO duties, giving him oversight of product development and marketing across both brands.Back in March De Schepper was also elected a President of Swiss Advertisers Association (SWA). Coordination Between Two Swissquote PlatformsThe dual role appears designed to align product roadmaps at Swissquote and Yuh. Marc Bürki, Swissquote's CEO, said the setup will help the company "integrate Yuh more closely into Swissquote while further strengthening the brand."Yuh launched as a joint venture between Swissquote and PostFinance, offering banking, trading and cryptocurrency services through a mobile app. The platform has attracted users in Switzerland's competitive digital banking market, though specific customer numbers weren't disclosed in the announcement.Under Schwab's leadership, Yuh expanded its product lineup and grew its user base, though the company didn't provide performance metrics. Swissquote credited Schwab with building what it called "the most successful digital finance app" during his tenure.In 2024, the platform turned profitable as accounts surged 48%%, making CHF 1.7 million in profits.The company didn't announce who would backfill his previous sales and marketing responsibilities or whether those duties would be absorbed into his expanded role.Swissquote operates as one of Switzerland's larger online banks, offering trading, banking and investment services to retail and institutional clients. The company has pushed into mobile-first products as customer preferences shift away from desktop platforms. This article was written by Damian Chmiel at www.financemagnates.com.

In less than a week, Bank Negara Malaysia (BNM) will announce its interest rate decision. The central bank is widely expected to keep its benchmark Overnight Policy Rate (OPR) unchanged at 2.75%. This decision comes against a significantly improved macroeconomic backdrop, anchored by the newly signed Reciprocal Trade Agreement (ART) with the United States. Octa broker analysts believe that this trade deal provides a powerful tailwind for Malaysia's growth, which, combined with robust export figures and healthy manufacturing sentiment, gives the BNM ample justification to maintain its wait-and-see approach to monetary policy. This setup could support further ringgit appreciation, although external risks remain.[Body]:On Thursday, 6 November, BNM will conclude its monetary policy meeting, with a decision on the OPR expected in the afternoon. After cutting rates for the first time in five years back in July, the central bank has since held the OPR steady at 2.75%. Its September statement was interpreted by markets as less dovish, signalling a pause in easing as the central bank hinted that more time was needed to assess the incoming data. Now, a U.S.–Malaysia trade deal has likely cemented BNM's decision to stay on hold. However, even before the agreement was reached, there was plenty of evidence that BNM was unlikely to turn dovish.Manufacturing and industrial outputIndustrial production expanded by 4.9% year-on-year (y-o-y) in August, surpassing the 3.4% growth economists had predicted and signalling healthy factory output across key sectors. Indeed, manufacturing, a cornerstone of Malaysia's economy, is on a firm footing, as evidenced by the latest S&P Global Malaysia Manufacturing Purchasing Managers' Survey. Although the Purchasing Managers' Index (PMI) was just below the neutral 50.0 mark at 49.8, the overall survey pointed to stabilising conditions and rising optimism. The report noted that 'total new orders rose for the second successive month during September… Where new orders rose, firms mentioned new project launches and higher client confidence, notably in the domestic economy'. This suggests gradual improvements in aggregate demand, despite a softening of export orders in some international markets such as the U.S., Europe, and the Asia-Pacific region.International TradeMalaysia's external sector has been a bright spot, with September export figures showing a 12.2% y-o-y increase, well above the 3.4% forecast. This followed a more modest 1.9% rise in August, which fell short of expectations due to declines in petroleum shipments, but overall trade momentum has built up. Imports also climbed in September but only by 7.3% y-o-y, contributing to a trade surplus of 19.9 billion ringgit ($4.7 billion). These robust external accounts, fueled by global demand for electrical and agricultural goods, support the case for a pause in monetary policy easing by BNM.Domestic inflationMalaysian inflation has ticked up modestly, with the Consumer Price Index (CPI) rising 1.5% year-over-year (y-o-y) in September, slightly above the 1.4% median forecast and up from 1.3% in August. While still low by historical standards—averaging around 1.4% headline and 1.9% core in the first seven months of 2025—this uptick reflects contained cost pressures but enough to warrant caution against premature easing. Malaysia inflation and interest rate vs. USDMYR exchange rateNew trade dealThe new trade deal between Malaysia and the United States, signed on 26 October 2025 during the ASEAN Summit, has emerged as a key reason why BNM is poised to hold rates steady.On 26 October, the two countries signed a landmark Agreement on Reciprocal Trade (ART) and a critical minerals pact. This agreement is a game-changer and will now shape Malaysia's near-term economic trajectory. Specifically, ART insulates key sectors of the Malaysian economy, such as manufacturing and electrical goods, from the high U.S. tariff ceilings and grants lower tariffs for 1,711 Malaysian products—including key exports like palm oil, rubber, and electronic components—valued at over $5.2 billion. Analysts at Octa broker project that ATR will help attract additional foreign direct investment (FDI) and boost trade volume between the two nations, potentially elevating Malaysia's Gross Domestic Product (GDP) growth rate by around 0.3–0.5 percentage points annually through 2030. By enhancing export capacity and reinforcing Malaysia's role in global supply chains, the agreement mitigates some of the downside risks from the recent trade-related uncertainties, allowing the central bank to monitor developments without taking immediate action. Combined with elevated inflation, positive manufacturing signals, and rising exports, the deal creates a conducive environment for maintaining the current monetary policy stance. The new trade deal with the United States has also catalysed ringgit (MYR) strength: the currency opened higher post-deal, trading at around 4.21 against the U.S. dollar (USD), and later headed below the critical 4.20 mark. If the positive sentiment holds, USDMYR may potentially re-test last year's low near 4.120, Octa analysts note. On balance, Octa broker agrees with the market consensus, arguing that the combination of solid domestic growth, buoyant exports, healthy manufacturing, and a supportive trade environment removes any immediate need for an interest rate cut. The BNM's likely decision to hold rates flat provides a moment of stability for now, but the market's focus will soon pivot to future data releases and geopolitical developments.Disclaimer: This article does not contain or constitute investment advice or recommendations and does not consider your investment objectives, financial situation, or needs. Any actions taken based on this content are at your sole discretion and risk—Octa does not accept any liability for any resulting losses or consequences.Octa is an international broker that has been providing online trading services worldwide since 2011. It offers commission-free access to financial markets and various services used by clients from 180 countries who have opened more than 61 million trading accounts. To help its clients reach their investment goals, Octa offers free educational webinars, articles, and analytical tools.The company is involved in a comprehensive network of charitable and humanitarian initiatives, including improving educational infrastructure and funding short-notice relief projects to support local communities.Since its foundation, Octa has won more than 100 awards, including the 'Most Reliable Broker Global 2024' award from Global Forex Awards and the 'Best Mobile Trading Platform 2024' award from Global Brand Magazine. This article was written by FM Contributors at www.financemagnates.com.

Singapore, Nov,2025 — FYNXT, a Singapore-headquartered fintech technology provider, is proud to announce its successful transition and re-certification to the ISO/IEC 27001:2022 standard, marking three continuous years of maintaining ISO certification and officially entering its fourth year of compliance with the world’s leading information security framework.This achievement underscores FYNXT’s long-term commitment to information security, data privacy, and operational resilience, reinforcing its position as a trusted technology partner for FX/CFD and multi-asset brokers globally.Sustaining Global Standards in Security and ComplianceFYNXT first obtained its ISO/IEC 27001 certification in 2022 and has successfully maintained compliance through annual surveillance audits conducted by accredited external assessors. Each year, these audits validate that FYNXT’s Information Security Management System (ISMS) continues to meet international best practices in protecting client and organizational data.Every three years, a comprehensive renewal audit is conducted to revalidate the certification—ensuring that FYNXT not only sustains but continually enhances its security framework in line with evolving business and cybersecurity demands.The latest transition to the ISO/IEC 27001:2022 version represents an important milestone in that journey, as it incorporates modernized controls for cybersecurity, cloud governance, and data privacy, addressing the realities of today’s digital and regulatory landscape.Leadership Perspective“This re-certification reflects not just compliance, but consistency — three years of continuous certification and a seamless transition into our fourth year of maintaining global security excellence,” said Aeby Samuel, CEO of FYNXT. “By adopting the ISO/IEC 27001:2022 framework, we continue to future-proof our infrastructure, reinforce our clients’ trust, and strengthen our commitment to secure, compliant, and resilient fintech innovation.”Reinforcing Trust Across the Fintech EcosystemThis re-certification provides continued assurance to FYNXT’s clients, partners, and stakeholders that their information is handled securely under a robust, continuously improving ISMS.By maintaining ISO certification for three consecutive years, FYNXT reinforces:Enhanced cybersecurity and privacy controls aligned with international standards.Resilient, always-available operations that support uninterrupted client services.Regulatory alignment for brokers and PSPs across global markets.End-to-end information security integrated across all FYNXT product modules — including Forex CRM, Client Portal, IB Manager, PAMM, Copy Trading, Contest Manager, and White Label Solution.This transition highlights FYNXT’s continuous investment in secure innovation and compliance excellence, ensuring that brokers and financial institutions can operate confidently within a trusted ecosystem.Key Enhancements Introduced with ISO/IEC 27001:2022As part of its transition, FYNXT has strengthened several areas within its ISMS, including:Enhanced cybersecurity and privacy protection measures tailored to global regulations.Integration of threat intelligence frameworks for real-time detection and response.Dynamic risk management to identify and mitigate evolving threats.Resilience testing and business continuity planning across operational regions.Stronger cloud security and governance controls over access and data processing.Continuous employee awareness and training to reinforce a culture of security.About FYNXTFYNXT is a Singapore-headquartered fintech provider offering a modular, low-code digital front-office platform for FX/CFD and multi-asset brokers. Its product suite includes Forex CRM, IB Manager, PAMM & Copy Trading, Contest Manager, Server Admin Suite, Nexus PSP, and White-label Brokerage Solutions.Trusted by leading brokers and financial institutions across Asia, the Middle East, Europe, and Australia, FYNXT empowers its clients to scale securely, operate efficiently, and remain compliant in an ever-evolving financial landscape.For more information, visit www.fynxt.com This article was written by FM Contributors at www.financemagnates.com.

Doo Group appears to be leaving LimassolOur weekly bulletin starts with an interesting development involving the Cyprus brokerage space. Doo Group’s retail and institutional brokerage arm, Doo Prime, appears to be vacating one of its two offices in Limassol following a series of staff layoffs.An employee told FinanceMagnates.com that staff had been informed the broker would leave the premises within two weeks. The group confirmed that it is “realigning its operational structure” and expressed appreciation to team members “for their dedication over the years.”Join IG, CMC, and Robinhood at London’s leading trading industry event!Retail traders lost £75M at finfluencer-promoted CFD firmIn the regulatory front, the UK’s Financial Conduct Authority (FCA) revealed this week that over 90,000 retail investors lost approximately £75 million at a single firm promoted by online “finfluencers.”Our Annual Report sets out how we've used data and technology to crack down on harm in financial services.Read more https://t.co/PV9ugNCd9d#FinancialServices #FinancialRegulation #Data #TechInFinance pic.twitter.com/DweFq2zcVo— Financial Conduct Authority (@TheFCA) July 10, 2025These influencers frequently push unregulated offshore trading schemes, promising unrealistic returns through copy trading, managed accounts, or paid trading tips. The regulator said it continues to combat such activity, having blocked 1,600 websites, removed 50 apps, and targeted more than 1,500 finfluencers.XTB is considering exiting the Brazilian marketAt the same time, brokers in Brazil are facing stringent regulations. XTB is reconsidering its expansion into Brazil less than a year after obtaining regulatory approval, citing challenges linked to protectionist measures in the local brokerage sector. The Warsaw-listed fintech secured authorization in February but has yet to commence operations, despite initially moving to join Brazil’s list of regulated institutions. XTB said it is “evaluating all potential business options, including the possibility of ceasing further operations in this market.” Meanwhile, XTB reported weaker third-quarter results amid low market volatility. The company’s consolidated net profit fell 74% year-on-year to PLN 53.2 million, down from PLN 203.8 million in the same quarter of 2024. Revenue also declined 20.1% to PLN 375.8 million, with the drop mainly attributed to lower profitability per CFD lot.Bank of England warns AI valuations mirror the dot-com eraIn the AI space, not everyone is optimistic. The Bank of England has warned that soaring valuations of technology companies linked to artificial intelligence resemble patterns seen during the dot-com era, even as these firms generate substantial revenue.Here we see that breadth has collapsed since the last earnings season in the summer, but the market magically moved higher due to increasing concentration. And the same thing happened at the last top in February as well.These are the risks posed by AI to the markets and the… pic.twitter.com/lmdC2zwRdv— Mac10 (@SuburbanDrone) October 28, 2025The central bank has now cautioned that heavy investor concentration in AI-related stocks could leave markets vulnerable if sentiment around the technology shifts.Alongside its focus on AI-driven market dynamics, the BoE highlighted broader concerns about financial stability, including high-profile US credit defaults and the rapid growth of private credit.CySEC removes certification registers after scam abuseIn Cyprus, the financial regulator is grappling with a surge in scams. This week, it was forced to suspend public access to its certification registers after discovering that fraudsters were using the personal details of certified professionals to deceive investors. Certain individuals unlawfully used names and details from their certification registers and published exam results to impersonate legitimate investment professionals and deceive the public.Executive move: Alaa Kriedy joins Optimal Traders as MENA CEOOptimal Traders, a relatively new proprietary trading firm, has appointed Alaa Kriedy as CEO for its Middle East and North Africa operations, signaling its intent to accelerate growth in the region.Kriedy brings over 20 years of experience in financial services, having led significant initiatives in business development, operational efficiency, and strategic partnerships across the MENA region.Bybit halts new registrations in JapanIn the crypto space, regulatory hurdles continue to limit growth for some players. Bybit will cease onboarding new users in Japan as of 31 October 2025. The restriction applies to both Japanese residents and nationals, while existing users will continue to have access without any service disruption.The exchange stated that the decision is part of its proactive approach to comply with local regulations and align with the evolving framework established by Japan’s Financial Services Agency. The exchange emphasized that current customers in Japan will experience no immediate changes to the services they use.NVIDIA, Nokia stocks jump on $1B AI investmentAI is attracting significant investment and driving gains in related stocks. NVIDIA and Nokia stocks surged after NVIDIA announced a $1 billion strategic investment in the telecom company, coupled with an AI-networking partnership. The jump in share prices highlights investors’ confidence that telecoms will play a central role in the next wave of AI-driven growth. NVIDIA’s stock rose sharply following a flurry of product announcements at its GTC event, pushing the company’s market capitalization close to $5 trillion. The rally reflects strong demand for AI hardware, including GPUs and accelerators, as investors continue to bet heavily on the company’s leadership in the AI market.Amazon stock jumps 13%Lastly, Amazon’s stock surged 13% after the company reported third-quarter earnings that significantly exceeded Wall Street expectations. The firm posted earnings per share of $1.95 on revenue of $180.2 billion, surpassing analyst estimates of $1.58 and $177.8 billion. Amazon Web Services (AWS) contributed significantly, generating $33 billion in revenue, a 20% year-over-year increase, and marking its fastest growth since 2022. The rally came just days after Amazon announced plans to cut up to 30,000 corporate jobs, a move investors appeared to view positively as a sign of cost discipline.Amazon to cut 30,000 corporate jobs — 9% of worldwide office workforce: report https://t.co/okUYJnBISe pic.twitter.com/grra8IkYhJ— New York Post (@nypost) October 27, 2025Amazon is starting a major layoff of up to 30,000 white-collar employees – nearly 10% of its roughly 350,000 corporate workforce – while preparing to release its next quarterly earnings, with Wall Street closely watching the holiday season performance. This article was written by Jared Kirui at www.financemagnates.com.

Saxo Bank Japan is introducing additional European offerings to its trading platform, preparing to add over 100 new stocks from Denmark, Italy, Spain, and Switzerland.Join IG, CMC, and Robinhood at London’s leading trading industry event!Expanding Beyond Traditional MarketsStarting November 5, 2025, the Japanese arm of the Danish investment firm will offer around 130 additional shares from Europe’s leading exchanges. The expansion will include prominent names such as Novo Nordisk, Ferrari, Inditex, Nestlé, Novartis, ABB, and UBS Group, broadening access for investors seeking globally recognized brands.The update builds on Saxo Bank Japan’s existing offering of more than 10,000 stocks from the United States, Germany, France, China, and Hong Kong, marking one of the most extensive international selections available to retail investors in Japan.This latest addition positions Saxo Bank Japan to serve investors seeking exposure to established European sectors, including pharmaceuticals, consumer goods, and automotive manufacturing, amid renewed interest in global equity diversification.“We will continue to expand our product lineup to accommodate a wide range of markets and themes, striving to be even more useful to our customers in their investment strategies,” the company said in the announcement.You may also like: Revolut Launches Dollar-to-Stablecoin Swaps Under New EU Crypto LicenseThe expansion reflects a broader trend among Japanese brokers to open access to foreign markets, catering to investors eager to look beyond domestic boundaries for growth and stability.Recent CollaborationsLast month, Saxo joined the Platforms Association, a UK-based industry group that represents investment platform providers across Britain and Europe. The association brings together firms that serve both retail investors and financial advisers through products such as ISAs, pensions, and investment accounts.The membership comes just over a year after the Platforms Association was launched in September 2024 to provide a unified voice on regulatory and policy issues affecting the investment platform sector. Saxo has been steadily expanding its UK presence amid rising interest in online trading among younger investors. The company reported that clients under 25 now account for 15% of new UK sign-ups, up from 9% in 2023.Earlier, Saxo Bank also launched fractional trading for its clients in Singapore, allowing investors to buy portions of shares across multiple asset classes on its brokerage platform. The new feature aims to lower the entry barrier to investing by enabling traders to purchase a partial share with any amount of capital. This article was written by Jared Kirui at www.financemagnates.com.

XRP showed signs of stability after four consecutive bearish days, finding support and moving upward on minor charts with modest momentum. Analysts predict that November and December could bring a rebound across altcoins, supported by declining Bitcoin dominance and strengthening technical signals.XRP Weekly Chart Shows Possible Reversal SignalsAn analysis from the YouTube channel CoinsKid offered a data-driven view of Bitcoin, Ethereum, and XRP market trends. The analyst observed that recent liquidity and sentiment data pointed to short-term accumulation during a market dip.Digital assets meet tradfi in London at the fmls25Indicators such as Bitcoin’s level below key thresholds and tether dominance patterns suggested potential short-term upward movement.The analysis also highlighted a seasonal trend, noting that November and December could mark a broader recovery phase for altcoins, especially those outside the top 10. Technical observations, including a possible bullish divergence in “others dominance” charts and a decline in Bitcoin dominance, were cited as potential precursors to renewed altcoin activity.I still think #xrp is missing a final 5th wave.Don't shoot the messenger ?— CoinsKid (@Coins_Kid) October 30, 2025Regarding XRP, the analyst identified a “bullish engulfing” candle on the weekly chart, which may signal a reversal if confirmed in the coming weeks. Two scenarios were outlined: one where XRP maintains support and gradually strengthens, and another where it loses support and extends its correction through December before a possible recovery in 2026.Price Breaks $2.50, Gains MomentumThe H1 chart shows that XRP, after an extended bearish phase, formed a bullish engulfing candle at $2.378. Since then, buying pressure on the minor timeframes has pushed the price upward. Along the way, XRP made a notable breakout at $2.50. If this level holds as support, it could provide a foundation for further upward movement.We’re excited to welcome @patrickjwitt from the White House's Digital Assets Council to our keynote speaker lineup at Ripple Swell 2025. This is a conversation you can't miss.LAST CHANCE: The deadline to request your invitation to attend is tomorrow, October 24th.Join us in… pic.twitter.com/8n3s70tdSU— Ripple (@Ripple) October 23, 2025XRP Rises Ahead of Swell ConferenceRipple’s annual Swell conference is scheduled for November 4–5, 2025, in New York City. The program will cover topics such as tokenized assets, cross-border payments, regulatory developments, and institutional finance. The event will feature speakers from major financial institutions and representatives from the U.S. government’s digital-assets office, reflecting the ongoing intersection of blockchain technology with regulated finance and traditional markets.Ahead of the conference, XRP’s price has rebounded by about 7% since yesterday, rising from $2.37 to $2.54. The broader market remains cautious, suggesting that while short-term momentum has returned, the event’s potential impact is only beginning to be reflected in market pricing. This article was written by Tareq Sikder at www.financemagnates.com.

Australian authorities investigating a suspected criminal accused of accumulating cryptocurrency through the sale of technology products to alleged offenders have accessed a cryptocurrency wallet worth 9 million Australian dollars.Digital assets meet tradfi in London at the fmls25The Australian Federal Police found password-protected notes on the suspect’s phone, along with an image containing sequences of numbers and words. AFP Commissioner Krissy Barrett said the sequences were divided into six groups with over 50 possible combinations. Altered Sequences Reveal Hidden CryptocurrencyThe digital forensics team determined the information was likely linked to a crypto wallet. The suspect reportedly refused to provide the keys, an act that carries a maximum penalty of 10 years in Australia.Barrett noted that without access to the wallet, the suspect could leave prison with millions obtained from alleged criminal activity. A data scientist at the AFP identified that the sequences had been intentionally altered, requiring the removal of the first number from each string to recover the wallet’s 24-word seed phrase.The AFP said some sequences appeared deliberately modified by a human rather than generated by a computer.Australian Police Use 'Crypto Safe Cracker' to Access $6M Stash► https://t.co/aQKC0K8Eww https://t.co/aQKC0K8Eww— Decrypt (@DecryptMedia) October 30, 2025Seized Crypto Funds Could Aid Crime PreventionThis is not the team’s first crypto recovery. Previously, the same staff member helped retrieve over $3 million in digital assets. The funds were seized by the AFP’s Criminal Assets Confiscation Taskforce. If courts approve confiscation, the money will be placed in a commonwealth account and distributed for crime prevention under Home Affairs Minister Tony Burke.Australia Warns of Rising Crypto ScamsIn Australia, crypto-related recovery scams are on the rise. The Australian Securities and Investments Commission warned that fraudsters are impersonating its representatives, asking victims for payments to release funds or assets. ASIC emphasized it does not request payments in any currency, including digital or crypto assets, and does not authorize third parties to use its logo. The regulator has removed over 10,000 scam websites. Similar cases have occurred internationally, including a recent incident in Malaysia involving a forex broker. This article was written by Tareq Sikder at www.financemagnates.com.

Investors cheer as Amazon’s Q3 earnings crush expectations and AWS rebounds, just days after the tech giant announced plans to axe tens of thousands of corporate jobs.Wall Street Loves a Good FiringIt’s the kind of timing only Big Tech can pull off. Days after Amazon announced plans to begin cutting up to 30,000 corporate jobs, its stock surged 13% in after-hours trading on Thursday as investors celebrated a blowout third quarter. Cost-cutting, it seems, is the new innovation.Don’t doubt this man again$AMZN pic.twitter.com/Zlm33ovRkR— The Long Investor (@TheLongInvest) October 30, 2025The company reported earnings per share of $1.95 on revenue of $180.2 billion, beating Wall Street estimates of $1.58 and $177.8 billion respectively. Its cloud arm, Amazon Web Services (AWS), hauled in $33 billion in revenue—up 20% year-on-year and its fastest growth since 2022.CEO Andy Jassy sounded predictably bullish: “We continue to see strong momentum and growth across Amazon as AI drives meaningful improvements in every corner of our business.” Translation: the robots are coming, and they’re good for margins.AI Dreams and Power NightmaresJassy didn’t stop there. He told investors Amazon has added 3.8 gigawatts of capacity over the past year and plans to double that by 2027. Power, not chips, appears to be the main bottleneck, though that may soon shift. In the meantime, Amazon is still snapping up Nvidia’s finest silicon while touting its homegrown Trainium2 chips, which are now part of a “multibillion-dollar business” growing 150% quarter over quarter.Amazon laying off 30,000 people and then beating on earnings so much that the stock gained $250 billion dollars in 1 minute is all you need to know about what AI is going to do to society. pic.twitter.com/Js5JVoBoDu— Spencer Hakimian (@SpencerHakimian) October 30, 2025Amazon even unveiled Project Rainier, a massive AI cluster featuring 500,000 of those chips. It’s a flex aimed squarely at Microsoft and Google, whose AI-cloud empires have made Amazon look sluggish. The company also confirmed AI startup Anthropic has signed on to use one million custom Amazon chips to train and run its models, though Anthropic announced a similar deal with Google just last week.In other words: Amazon is in the AI race, just not leading it. Yet.[#highlighted-links#] From Rufus to Rainier: The Great AI PivotIf AI is the future, Amazon wants a piece of every corner. The company’s new AI shopping assistant, Rufus, has reached 250 million users this year, and those users are 60% more likely to make a purchase, according to Amazon. Meanwhile, its “Help Me Decide” feature is quietly monetizing indecision, offering algorithmic guidance for the consumer who can’t choose between air fryers.Amazon didn’t just cut 14,000 jobs. It cut latency.The headlines call it an AI layoff. But this isn’t about technology. It’s about throughput.Wall Street wants leverage. AI gives leadership a new language for delivering it:Fewer humans between signal and decisionFewer… pic.twitter.com/WQ1CEgaxby— David Elkington (@DaveElkington) October 28, 2025Jassy insists Amazon is monetising as fast as they’re bringing in capacity, and analysts seem convinced. Advertising revenue hit $17.7 billion, narrowly topping expectations, while retail sales rose 10%—helped by July’s Prime Day feeding frenzy.A Tale of Two HeadlinesBut let’s rewind. Just before this euphoria, Amazon announced plans to axe up to 30,000 corporate staff, the largest such layoff in its history. With Wall Street applauding the “leaner” Amazon, it looks like a grim masterclass in timing.Still, investors don’t seem bothered by the human cost. The $1.8 billion in severance and $2.5 billion FTC settlement baked into this quarter’s results barely dented enthusiasm. Amazon’s capital expenditure forecast now sits at $125 billion for 2025—up from $118 billion earlier this year, with plans to spend even more in 2026.Lean, Mean, and Lovin’ ItThe results were so strong they lifted broader markets. Futures tied to the S&P 500 rose 0.5%, while Nasdaq 100 futures gained 1%. Apple, which posted its own upbeat quarter, rose 3% after-hours.For the next quarter, Amazon is projecting sales between $206 billion and $213 billion, implying growth of up to 13%. Operating income is forecast between $21 billion and $26 billion, numbers that would make even the most hardened cost-cutter blush.Wall Street, of course, rewarded it all with enthusiasm usually reserved for moon landings or AI breakthroughs. The message is clear: lay off tens of thousands, beat your numbers, and your stock soars.The Bottom LineAmazon has successfully convinced the market that ruthless efficiency equals visionary leadership. Whether that holds when the next quarter rolls around, and as the pink slips settle, is another story. For now, investors are high on AWS acceleration, AI optimism, and the faint smell of redundancy in the air. This article was written by Louis Parks at www.financemagnates.com.