Crypto exchange Binance has added new features to its application programming interface, signaling that the platform may be preparing to introduce stock trading capabilities.In 2021, Binance launched tokenized stock trading, allowing users to buy digital versions of stocks like Tesla and Apple. The service was halted a few months later after regulators raised concerns about compliance and investor protection. The brief initiative highlighted both demand for tokenized equities and the challenges of offering them within existing financial rules.New API FeaturesThe new API updates include an endpoint for signing a TradFi-Perps agreement contract and two endpoints for checking weekly trading schedules and current session information. Analysts say the changes indicate Binance may be preparing to offer perpetual futures trading. The session-based schedule also suggests trading could follow regular market hours instead of the 24/7 format typical of cryptocurrencies.Market ContextBinance’s activity comes as other firms move into tokenized stocks. Reports on Friday indicate that Coinbase is close to launching its own tokenized stock and prediction market offerings.Regulatory ConcernsThe growth of tokenized stocks has prompted regulatory concerns. Earlier this month, market maker Citadel Securities urged the US Securities and Exchange Commission to tighten rules on tokenized stock trading on decentralized finance platforms. Citadel said such platforms likely qualify as an “exchange” or “broker-dealer” and warned that allowing unregulated platforms “would create two separate regulatory regimes for the trading of the same security.”Binance API update hints at stock perpetual contracts as exchanges eye TradFi markets https://t.co/K1cqv4vC7c— The Block (@TheBlock__) December 11, 2025Industry PerspectiveThe World Federation of Exchanges called tokenization “likely a natural evolution in capital markets” and “pro-innovation,” but warned it “must be done in a responsible way that does not put investors or market integrity at risk,” Cointelegraph reported.Tokenized stocks have expanded into both centralized exchanges and DeFi platforms. By the end of June, more than 60 tokenized stocks had launched on Solana-based DeFi platforms, as well as on Kraken and Bybit. This article was written by Tareq Sikder at www.financemagnates.com.

Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. The interview, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, explored Exness’ plans in Africa, the local trading environment, and the company's growth strategy across the region.A new chapter for Exness in Cape TownExness has held a local license in South Africa since 2020. What started as a small office has now grown into a full regional hub.Backed by two FSCA licences, Paul Margarites explains that Exness’ move into a larger Cape Town office reflects its long-term commitment to South Africa. The strengthened regulatory footing, combined with an expanded physical presence, allows the company to deepen its engagement with traders across the country and the wider region. The Cape Town office now has around 50 staff members, with additional hires expected.“We want to invest in the continent,” Margarites said, adding that, “South Africa offers strong talent and a stable base for growth.”? Watch the complete interview Why South Africa stands outMargarites shared several reasons why South Africa has become one of the strongest spots for retail trading:Strong regulationReliable local infrastructureHigh mobile use and quick digital adoption.A young, tech-driven population.He explained that South Africa is now viewed as a rising trading hub, joining more established ones such as London and Singapore. The country’s stable rules and apparent oversight also place it ahead of many other developing markets.Local needs, local insightOne of the key points Margarites emphasised is the need to understand each African country on its own terms. While the continent is large and varied, specific trends cross borders, especially in digital behaviour and mobile use.For example, South Africans often trade more in local indices than in those of nearby countries. These minor differences shape how brokers should build their product line and service models.This is why Exness invests in local teams, which help relay market needs back to the global group.Younger traders driving growthAnother strong trend in the region is the rise of younger traders. Margarites noted that many new users now search for and learn about products on Instagram and other social media platforms rather than on websites or via Google.This change in habits has shaped how brokers approach education, support, and engagement.Must Read: How is Exness empowering South Africa’s young digital affiliate force?Africa: A Region with many personalitiesMargarites discussed Africa as a whole, noting that the continent's diverse languages, cultures, and needs contribute to its complexity. However, he also pointed out that specific patterns and user interests are often consistent across many countries. He likened this situation to Europe, where, despite differences between countries, shared habits still bind them.Growth plans for Sub-Saharan AfricaExness aims to continue expanding in a stable and safe manner. The company currently holds licenses in Kenya and South Africa, which are considered two of the most advanced markets from a regulatory perspective.Margarites described Africa as a long-term commitment for Exness, with continued focus on regulation, compliance, and sustainable growth.Standing out in a growing, competitive spaceAs more global brokers enter South Africa, competition is intensifying. Margarites explained how Exness sets itself apart:Better-than-market conditionsA transparent modelLocal support from staff in the market.He believes this blend of a global product and a local approach gives Exness a strong edge.? Watch the complete interviewLooking aheadThe opening of the new Cape Town office marks an essential step in Exness' journey in Africa. The brand plans to keep investing in people, local knowledge, and long-term growth across sub-Saharan markets.Read more about Exness: This article was written by Finance Magnates Staff at www.financemagnates.com.

The Belgian Financial Services and Markets Authority has reported a rise in fraudulent WhatsApp groups offering so-called “exclusive investment tips.” Fraudsters use these groups to promote fake trading apps and manipulate share prices. They often pose as well-known institutions, including Saxo Bank and JP Morgan.Back in August, the FSMA warned of a rise in fraudulent investment schemes on social media platforms, including Facebook and Instagram. Scammers use misleading ads to lure users into WhatsApp groups claiming to offer exclusive investment advice. These ads often impersonate well-known banks, media outlets, or public figures. Inside the groups, individuals may be pressured to provide personal data, buy specific shares, or download fake trading apps.FSMA Warns of WhatsApp Investment ScamsThe FSMA said it has published several warnings but noted the phenomenon “is still on the rise on social media.” Consumers are typically targeted through social media advertisements, often on Facebook or Instagram. These ads claim that the groups provide exclusive financial analyses and profitable investment tips. Many ads use the logos and names of well-known banks and news services without permission.Once added to the groups, consumers are contacted by individuals posing as prominent economists or CEOs of investment firms. The FSMA highlighted that these are cases of identity theft. Inside the groups, members are encouraged to join lotteries, likely to collect personal data, and urged to buy specific U.S. listed shares, apparently as part of “pump and dump” operations. Fake cryptocurrency trading apps are also promoted.FSMA Lists Unlawful Investment Websites BelgiumThe FSMA identified several other institutions whose names were misused, including Appollo Global Management, Axiom Investors, Candriam, Harbor Financing, Schwartz School of Business, and Stifel Strategie Consulting Partners. The regulator emphasized that these groups have no connection to any authorized institution.The FSMA has added these websites to its list of companies operating unlawfully in Belgium and advised consumers to verify providers through its “Check your provider” page. This article was written by Tareq Sikder at www.financemagnates.com.

Finalto, an award-winning multi-asset liquidity provider and fintech specialist, is pleased to announce that it has been granted a Category 5 licence by the UAE Securities & Commodities Authority (SCA). This significant milestone further strengthens Finalto’s global regulatory framework and reinforces the company’s commitment to serving professional and institutional clients in one of the world’s most dynamic and fast-growing regions.Finalto combines global reach with deep local expertise, delivering flexible solutions that seamlessly connect institutions to global markets. The group has built its reputation on providing outstanding trading and risk-management capabilities, supported by teams of specialists across major international financial centres.As Finalto continues to evolve as a globally recognised and highly regulated financial services leader, the addition of the UAE SCA Category 5 licence marks a key step in its strategic expansion. The licence enables the firm to enhance its presence across the Middle East while offering clients in the region a trusted and transparent partner.Conor Canny, CEO Finalto MENA, commented: “Securing the Category 5 licence is a major milestone for Finalto in the Middle East. It allows us to deepen our commitment to the UAE by facilitating clients’ access to our global liquidity and technology solutions. The UAE is an innovation-driven financial hub, and we are excited to support clients here with the highest standards of service, transparency and governance.”Paul Groves, UK CEO at Finalto, added: “This licence reflects our continued investment in global growth and regulatory strength. The UAE is a key strategic market for us, and this development allows our teams to deliver even greater value to clients across the region. We look forward to expanding our partnerships and offering access to tailored, multi-asset solutions that meet the evolving needs of institutions operating in this dynamic landscape.”At Finalto, clients are viewed as long-term partners. The group rejects a one-size-fits-all approach, instead working collaboratively to develop customised, sustainable relationships that support strategic growth. Finalto’s global pricing distribution is designed to deliver consistent execution and reliable liquidity, providing partners with confidence and stability in a rapidly changing market environment.How can Finalto support your business?The team looks forward to meeting clients and partners across the region, exploring tailored solutions that align with individual strategies while unlocking genuine multi-asset exposure across global markets.About FinaltoFinalto is an innovative prime brokerage that provides bespoke liquidity and fintech solutions. Our award-winning technology and expertise enable us to deliver effective, flexible service to a wide range of institutional clients globally, personalised to suit their needs. We deliver best-in-class pricing, execution and prime broker solutions across multiple assets, including CFDs on Equities, Indices, Commodities, Cryptos and rolling spot FX, Precious and Base Metals, and bespoke products such as NDFs.Service available only to Professional clients and varies per jurisdiction – Trading involves significant risk of loss. This article was written by FM Contributors at www.financemagnates.com.

Investors wanted fireworks from Broadcom’s AI business, but a misunderstood CEO comment helped send the stock spinning.Broadcom’s AI Buzz Goes Quiet and Investors Hit the Sell ButtonBroadcom (AVGO) delivered earnings that, in another era, would have inspired applause. Revenue beat expectations, full-year figures impressed, and the company spent the call reminding the market that it remains a key supplier in the artificial intelligence (AI) infrastructure boom. Yet the stock sank after hours as investors decided the AI narrative lacked sparkle.3 REASONS $AVGO EARNINGS REACTION WENT NEGATIVE1. The backlog quality suddenly looked less securedMany investors treated the OpenAI relationship like a typical binding hyperscaler contract but Broadcom’s “multiyear journey” language in the Q&A made it sound more like a general… pic.twitter.com/kqm8xad149— Shay Boloor (@StockSavvyShay) December 11, 2025Following the initial earnings release, Broadcom posted results that topped Wall Street predictions, but investors reacted coolly. The reason was simple. The AI numbers did not land with the explosive force that traders had built up in their minds. Shares moved lower after the report as analysts looked for signs that the company’s AI trajectory was accelerating fast enough to justify its premium.Broadcom investors had been leaning heavily on the expectation that AI would drive the next leg of growth. Instead, the pace landed closer to solid than spectacular. The stock fell as traders questioned whether the company’s AI engines were revving at the speed they expected. Investors were specifically scanning for stronger AI product momentum and did not find what they wanted.A Strong Quarter Cannot Outrun an AI-Obsessed MarketThe paradox of Broadcom’s latest report is that the business performed well. By rational standards, better than well. But the market no longer lives on rational standards, especially when AI is involved. Nothing short of fireworks will do.[#highlighted-links#] Revenue associated with AI projects did increase, but not in the way that sent pulse rates soaring across trading desks. The company has become central to the AI data center buildout, and the expectation was that this quarter would reflect a sharp upward jolt. Instead, investors saw a steady climb. Steady is the enemy of hype.$AVGOSeems like this is the reason for the Broadcom reversal after hours…- NonAI revenue was guided to be flat YoY at $4.1B, street didn’t like that- They signed a big deal with OpenAI but said to expect “nothing in 2026,” once again creating fears about if OpenAI can live… https://t.co/zpihhpkPY5 pic.twitter.com/ezHsaSodjJ— amit (@amitisinvesting) December 11, 2025This sentiment appears to be at the heart of the sell-off. For many shareholders, Broadcom’s valuation was built on the promise that AI demand would blast the company into a new orbit. When the numbers looked respectable instead of meteoric, the reaction was swift.The CEO Said One Thing, the Market Heard AnotherThen came the second act. According to reporting, part of the stock’s downward swing was linked to confusion on the earnings call. CEO Hock Tan made comments that some investors interpreted as cautionary about future AI revenue. However, Broadcom was quick to clarify that this interpretation was not accurate and claimed the statement was misunderstood.The damage, however, was done. Markets are not known for their patience. A brief moment of uncertainty became a catalyst. Even though Tan had not been pulling back expectations, the initial misinterpretation fed into an already jittery post-report mood.It was a perfect lesson in real-time market psychology. Investors were already tense about AI growth. A misunderstood comment lit the fuse. The rest happened quickly.AI Fatigue or Just Sky-High ExpectationsIf there is a moral to this story, it is that AI stocks now walk a tightrope. They must not only perform well, they must perform mythically well. Broadcom offered strong results by any reasonable standard, yet the market’s reaction aligned with the idea that AI must deliver exponential returns every quarter.Globex short for another W ✅TY Broadcom for blowing earnings ? pic.twitter.com/itGyz4c1bq— RIPS (@RIPS) December 11, 2025Investors are no longer content with solid numbers when it comes to AI. They want confirmation that the tech will keep expanding at a blistering pace. When the data is incremental instead of sensational, sell orders follow.At the same time, these events show how quickly misunderstandings can distort a narrative. In a market that trades on speed and imagination, a few words can transform confidence into doubt.Where Broadcom Goes from HereBroadcom remains deeply embedded in AI infrastructure. Demand is not falling. The story is not broken. What has changed is the level of scrutiny. Every hint of hesitation, real or imagined, triggers a reaction.If the company’s future AI revenue delivers on the scale its customers are planning, this moment will be remembered as an overreaction. But for now, investors are signaling that AI optimism must be earned quarter by quarter, line by line, clarification by clarification.Broadcom’s latest results show strength. The market wanted spectacle. The gap between the two was the difference between a rally and a slide. This article was written by Louis Parks at www.financemagnates.com.

Four prediction market platforms received regulatory relief from the Commodity Futures Trading Commission (CFTC) on Thursday, freeing them from swap data reporting obligations that typically apply to derivatives traders.The CFTC's Division of Market Oversight and Division of Clearing and Risk issued no-action letters to Polymarket US, LedgerX (operating as MIAX Derivatives Exchange), PredictIt operator Aristotle Exchange, and Gemini's newly launched Gemini Titan platform. The letters exempt these registered entities from requirements to report binary option transactions to swap data repositories, citing the limited applicability of traditional swap reporting rules to exchange-traded event contracts.CFTC Requires Full Collateralization The relief comes with strings attached. Each platform must ensure that all event contracts remain fully collateralized, meaning traders deposit enough funds upfront to cover their maximum possible loss on any position. This requirement puts prediction markets closer to exchange-traded futures than over-the-counter swaps, which typically involve bilateral credit arrangements.Platforms must also publish time and sales data for all transactions promptly after execution, including trade timestamps, contract details, quantities, and prices. While this transparency measure falls short of real-time swap data repository reporting, it gives market participants and regulators visibility into trading activity..@CFTC Staff Issues No-Action Letters Regarding Event Contracts: https://t.co/oelx60JIap— CFTC (@CFTC) December 11, 2025The CFTC's letters don't change underlying law or address whether these contracts comply with other statutory requirements. The staff emphasized that the exemptions apply only to specific reporting regulations and don't excuse compliance with broader Commodity Exchange Act provisions.Removing Intermediation BarriersTwo of the letters - those issued to Polymarket US and LedgerX - specifically remove earlier restrictions that prohibited futures commission merchants from intermediating trades. The December 11 modifications allow registered brokers to clear event contracts on behalf of customers, expanding market access beyond direct platform users.The CFTC granted these amendments after both platforms amended their operating rules to permit FCM participation. The change brings Polymarket US and LedgerX in line with no-action relief previously granted to other prediction market operators, which didn't include intermediation restrictions.The latest reporting relief comes shortly after the CFTC unveiled a new CEO-level advisory body bringing together major prediction markets and digital asset firms, underscoring how event contracts and crypto infrastructure are now central to the agency’s modernization agenda. The group included, among others, the CEO of Polymarket and Gemini.Industry Growth Drives Regulatory AttentionThe regulatory accommodations arrive as prediction markets experience explosive growth. Kalshi and Polymarket combined for roughly $7.4 billion in trading volume during October 2025, with Kalshi alone processing $4.4 billion in transactions. Those figures surpass Polymarket's cumulative volume from its first four years of operation.Gemini's entry into the sector through its Titan platform adds another regulated competitor to a market previously dominated by Kalshi and Polymarket. The exchange secured CFTC approval to operate as a designated contract market earlier this month, allowing U.S. customers to trade event contracts using existing dollar balances.Prediction markets let users bet on real-world outcomes ranging from election results to economic data releases. The contracts function as binary options, paying out to holders of winning positions while leaving counterparties with nothing. Why Kalshi and Robinhood Are Not in This RoundKalshi currently operates under a different regulatory pathway and has previously received its own CFTC approvals around event contracts, while Robinhood’s core brokerage and trading offerings fall under a mix of securities and derivatives oversight that is separate from the swap-reporting issues addressed here. The absence of their names in these letters does not imply any change in their status. It simply reflects that this batch of no-action relief was targeted at a specific group of registered entities that approached the CFTC staff with swap data reporting concerns for particular event-style swaps.Despite their classification as swaps under the Commodity Exchange Act, the platforms argued these products share more characteristics with exchange-traded derivatives than over-the-counter instruments.The CFTC noted its no-action positions mirror similar exemptions granted to other prediction market operators since 2017. Staff retain authority to modify, suspend or terminate the relief at their discretion. This article was written by Damian Chmiel at www.financemagnates.com.

A US court yesterday (Thursday) sentenced Do Kwon, the co-founder of Terraform Labs, to 15 years in prison after he pleaded guilty to wire fraud and conspiracy to defraud investors. The collapse of Terraform Labs wiped out $40 billion in investors’ money.Another Crypto Mogul Goes to PrisonAccording to the order of Judge Paul Engelmayer at the US District Court for the Southern District of New York, Kwon will receive credit for time served in the US and 17 months of pre-extradition custody.Before the sentencing, the judge also heard from some of the victims of Terraform. Kwon also testified in court before the sentencing.“I would like everyone to know that I have spent all my time thinking about what I could have done, and what I can do,” Kwon said before the sentencing. “It’s been four years since the crash, three years since I’ve seen my family. I’d like to [do] my penance in my home country.”Do Kwon: I would like everyone to know that I have spent all my time thinking what I could have done, and what I can do. It's been four years since the crash, three years since I've seen my family. I'd like to my penance in my home country.— Inner City Press (@innercitypress) December 11, 2025He is also facing fraud charges in South Korea, his home country.The Collapse that Dented the Crypto IndustryKwon was known for founding Terraform Labs. However, the project’s two cryptocurrencies, TerraUSD and Luna, collapsed in 2022, erasing about $37 billion in value. The fall of the algorithmic stablecoin led to the closure and downfall of several other cryptocurrency companies.In 2023, Kwon and an associate were arrested in Montenegro while trying to travel to Dubai using fake travel documents. He was then extradited to the US, while South Korea was also trying to push his extradition. In June, Terraform Labs and Kwon agreed to a settlement with the US Securities and Exchange Commission (SEC), committing to pay around $4.5 billion in recovery and civil penalties. Kwon personally agreed to pay at least $204.3 million.At first, the US regulator sought $5.3 billion in settlement. However, the defendants’ legal team countered with an offer of $1 million in civil penalties and no recovery or injunction.Additionally, Kwon and Terraform Labs were permanently banned from buying or selling crypto asset securities, including tokens in the Terra ecosystem.Earlier this year, Terraform Labs filed for bankruptcy in Delaware, United States. In the court filing, the defunct company reported liabilities between $100 million and $500 million, with estimated assets in the same range.After the sentencing, Kwon joined FTX founder and former CEO Sam Bankman-Fried, who received a 25-year prison sentence. This article was written by Arnab Shome at www.financemagnates.com.

smartTrade Technologies is set to acquire kACE Financial in a deal valued at up to $119 million, marking a major step in its plan to unify multi-asset trading and payments within one platform. The French fintech, known for its electronic trading infrastructure, will fold kACE’s derivatives pricing and analytics into its ecosystem, expanding its reach across FX, fixed income, and digital assets.Unifying Trading and PaymentsThe acquisition aims to strengthen smartTrade’s ambition to meet client demand for integrated, cross-asset workflows from analytics to execution. The combined platform will cover foreign exchange—including spot, forwards, swaps, and options—alongside fixed income, rates, cryptocurrencies, money markets, and structured products.The new entity plans to speed up innovation through a deeper shift toward cloud services and AI-driven analytics. smartTrade will integrate kACE’s pricing and workflow tools into a SaaS model aimed at faster client onboarding, enhanced scalability, and lower infrastructure costs.David Vincent, the CEO and Co-Founder at smartTrade, commented: “This is a transformational moment for our joint clients. kACE brings a world-class team and sophisticated FX derivatives technology that is highly complementary to our existing multi-asset trading and payments offering.”“By integrating kACE’s deep derivatives expertise and cutting-edge analytics, we can now deliver even greater value to clients through a truly end-to-end solution that offers a clear competitive advantage.”Delivering Value to ShareholdersOn the seller’s side, BGC Group said the transaction supports its strategy of unlocking shareholder value and investing in high-growth technology platforms. The company expects an upfront payment of $80 million plus up to $39 million in performance-linked consideration.Read more: NAGA’s Stock to Shrink Tenfold in Reverse Split, Closing Gap With PeersCo-CEO Sean Windeatt said the deal “positions kACE to enter an exciting new chapter as part of smartTrade” while allowing BGC to concentrate on scaling its Fenics platforms.“This transaction delivers significant value for our shareholders and positions kACE to enter an exciting new chapter as part of smartTrade.” The transaction is set to close by the end of 2025, subject to customary approvals. TA Associates will remain the majority investor in the combined smartTrade–kACE group, which now aims to redefine the landscape of multi-asset trading through a seamless, end-to-end digital infrastructure.Recently, smartTrade Technologies migrated its trading infrastructure to Amazon Web Services as part of a broader modernization push under a new internal initiative called MetaCloud, which is designed to support hybrid cloud deployment while boosting flexibility, scalability, and automation across its trading and payments platforms. This article was written by Jared Kirui at www.financemagnates.com.

Talia Geberovich, the Head of Marketing and Communications at OneZero, left the firm to start her new startup focusing on marketing consulting and for B2B firms. “I’m happy to share that I now offer fractional marketing leadership and execution, consulting and project management for B2B scale-ups and start-ups seeking to accelerate growth, refine positioning, or level up their marketing engine,” she posted on LinkedIn on Thursday. Experienced Marketing SpecialistGeberovich is an experienced marketing expert with previous experience serving as the Director of Marketing and Communications for Europe and Asia at Tradeweb. She also served as the Marketing Director for the London-based software firm Aptem.In another recent appointment, Trading technology provider oneZero recently appointed Adam Collins as Head of Institutional Sales for the Americas and EMEA. In this position, he leads the company’s institutional sales strategy and its execution across both regions.Collins joined oneZero from LSEG FX, Capital Markets, where he served as EMEA Head of FX Sales. He previously held senior sales roles at Refinitiv, overseeing sales for FX, fixed income, equities, commodities, and various trading products, including Refinitiv EIKON and FXT.Other Recent Executive MovesAnother recently executive move saw OpenFX boost its institutional operations with the appointment of Alex Rowles as its new Head of Trading and Risk. The hire brough a seasoned markets specialist on board at a time when cross-border payments and stablecoin flows are facing increased regulatory and operational scrutiny.More executive moves: OpenFX Taps LMAX Group's Former Commercial Director Alex Rowles as Head of Trading and RiskMeanwhile, oneZero recently announced the launch of its Swap Curve Manager, a tool designed to transform FX swap pricing for regional banks. The new product focuses on enhancing how these institutions manage and price FX swaps.According to the company, Swap Curve Manager addresses the longstanding issue of banks’ reliance on external and third-party systems for swap pricing. By reducing this dependence, the solution is intended to give traders greater control over their pricing processes. This article was written by Jared Kirui at www.financemagnates.com.

Global fintech firm NAGA Group has announced a 10-to-1 reverse stock split. The move seeks to reposition the company’s share price within a range more typical of its peers and to strengthen its standing among institutional and international investors.NAGA Targets a More Balanced ValuationNAGA’s management framed the reverse stock split as a purely technical measure designed to improve perception and trading flexibility. CEO Octavian Patrascu acknowledged that while the firm has restructured operations and reinforced its finances over the past two years, its share price has not mirrored that progress."With the reverse stock split, we aim to place the share price in a range that is more comparable to our peers, support improved visibility among investors whose mandates restrict investments in low-priced stocks, and ensure a clearer basis for strategic initiatives," Patrascu said.The adjustment also seeks to make NAGA’s shares more accessible to institutional investors, some of whom are limited by mandates forbidding purchases of stocks below certain price levels.The Share Consolidation Cuts NAGA’s Capital TenfoldThe reverse split, approved at the company’s Annual General Meeting in July 2025, reduces NAGA’s share capital from €232.8 million to €23.3 million, in line with German corporate law. The number of registered shares will drop from approximately 232.8 million to 23.3 million. Importantly, the decrease will fully transfer to the capital reserve rather than being used to cover losses.You may also like: NAGA Joins Financial Super App Trend With Planned Year-End LaunchAccording to the company, shareholders will see the changes reflected in their brokerage accounts starting December 16, 2025. Custodial banks will manage the conversion process and inform investors about any fractional holdings arising from the share consolidation.NAGA Grows Revenue in the First Half of 2025 NAGA has been expanding its offering, more recently entering the competitive space of fintech firms developing comprehensive “super apps” that unify banking, trading, and payment solutions under one digital ecosystem. The group maintained its growth momentum in the first half of 2025, posting slight revenue gains while allocating more resources to marketing in order to expand its user base for the company’s all-in-one “financial super app.” Its revenues of €32.2 million for the six months ended June 30, a 2% increase from €31.6 million a year earlier. Net revenues rose 3% to €28.9 million, and EBITDA improved 8% to €3.0 million, even as marketing expenses grew. The results build on the company’s full-year 2024 performance, when it recorded €62 million in revenue and achieved cash break-even. This article was written by Jared Kirui at www.financemagnates.com.

Finalto has been granted a Category 5 licence by the UAE Securities & Commodities Authority. The licence allows the firm to operate under the country’s regulatory framework and provide services to professional and institutional clients in the UAE. Conor Canny has been appointed CEO, MENA at Finalto, he announced on LinkedIn. He said that securing the Category 5 licence is “a major milestone for Finalto in the Middle East” and allows the firm to “deepen our commitment to the UAE by facilitating clients access to our global liquidity and technology solutions.” He added that the UAE is “an innovation-driven financial hub” and highlighted the company’s focus on service, transparency, and governance.Former ADSS Head of Liquidity Becomes Finalto CEOBefore joining Finalto, Canny worked at OPUS for about eight months in the United Arab Emirates. Prior to that, he served as Head of eFX Distribution – MENA & APAC at Britannia Global Securities MENA Limited in Dubai for about two and a half years.Canny also spent about six and a half years at ADSS in Abu Dhabi. He held the position of Head of Liquidity for just over five years and was Vice President – Liquidity & Pricing for about one and a half years. Earlier, he worked as Risk Manager at ETX Capital for six months and as a Trader at Alpari (UK) Ltd for about one and a half years.His career spans trading, liquidity management, and electronic foreign exchange across multiple markets in the Middle East and the UK.Finalto Consolidates UK Operations After Client MigrationRecently, Finalto Group consolidated its UK operations by migrating Finalto Trading clients to Finalto Financial Services, making the latter the sole UK entity. The migration increased revenue at Finalto Financial Services to $65.8 million but reduced pre-tax profit to $11.6 million due to higher costs. Finalto Trading’s revenue fell to $6.6 million, and trading volume on its platform decreased slightly. Finalto Trading wound down most activities but maintained sufficient liquidity. This article was written by Tareq Sikder at www.financemagnates.com.

At the Finance Magnates London Summit 2025, industry executives on a panel titled “Trading Platforms in 2026: What Traders Want, What Brokers Need” said that trading platforms will be defined by simplicity, mobile usage, and tighter cost discipline, but they disagreed on how much AI and social features should be added.The panel, moderated by Ivan Rojas of Nelogica, brought together Ran Strauss, CEO and Co-Founder of Leverate; Manuel Bugatti, Regional Market Education & Analysis Lead at Ultima Markets UK; and Ed Hancock, Director of Operations at Pelican.Simplicity as a Priority, but for Whom?Speakers kept coming back to the idea of simplicity, saying platforms are getting more complicated just as younger traders arrive with different expectations.“Simplicity comes with fairness and transparency,” Strauss said, adding that “70–80% of traders” now access platforms via mobile. The shift, he said, forces providers to rethink legacy interfaces built for large desktop screens.Bugatti argued that simplicity is often misunderstood. “Normally the simplicity is not for the young people—they are smart,” he said. “It is the old people who want simplicity.” For him, the challenge is avoiding a “nightmare for brokers” in which platforms become overly customised for every user.Hancock agreed that reducing friction remains essential, particularly as retail traders often arrive “completely blind but excited to make money.” He stressed the importance of education and support inside the platform, not simply more features.A notable moment came when the panel discussed how to add AI without confusing users. ‘Probably we are not ready to use AI like the customer wants,’ Bugatti warned. ‘They want to open the platform, launch the AI and use directly."Personalisation Meets RegulationPersonalisation emerged as another dividing line. Hancock noted that Pelican already filters thousands of copy-trading strategies based on risk appetite, an approach rooted in FCA consumer-duty rules. Tailored interfaces, he suggested, must avoid limiting client autonomy or steering users toward unsuitable products.Strauss shifted the perspective to brokers: “Personalization does not necessarily mean it is for the trader. It can be also for the broker.” Custom branding, pricing by geography and adaptable content have become critical ways for brokers to differentiate in a crowded market.Brokers Face Mounting Compliance and Cost PressuresWith tech budgets still much smaller than marketing spend, the panel acknowledged that brokers are being forced to prioritise.Strauss said regulatory and operational costs are accelerating a shift “from relying on call centres towards self-conversion and automated funnels.” Rising media and HR costs, he added, are making automation a necessity rather than a preference.Bugatti highlighted the staffing burden behind KYC, AML and compliance functions. Technology, he said, can “monitor traders” and simplify partnership oversight, not just trading workflows.Hancock urged caution: “It shouldn’t just be about what you think might be useful or what one particular IB tells you,” he said. Many firms adopt tools they cannot maintain or do not genuinely need. With limited in-house developers, integrating the wrong technology can be costlier than doing nothing.Social Trading: Hype vs. TrustThe conversation ended on an increasingly relevant topic: whether brokers should build social-style ecosystems around trading.Rojas cited the surge of Telegram and Discord trading groups, some hosting thousands of users trading and discussing markets late into the night. But Hancock pushed back on the idea that chat-driven social trading creates value.Pelican previously tested a chat feature that attempted to mimic messaging apps. “It really didn’t work,” Hancock said. “That wasn’t what built trust.” What matters, he argued, is verified statistics and transparent performance history—not unverified messages claiming overnight success. “It’s all about the data.”A Market Moving Toward 2026The speakers kept focusing on three main things: platforms must become easier to use, AI must be introduced carefully, and brokers must reduce costs without compromising compliance.As Rojas noted, firms that “listen more dynamically to clients” are likely to come out ahead. For an industry balancing regulatory scrutiny, volatile retail behaviour and rapid technological change, that adaptability may define the trading platforms of 2026 more than any single feature. This article was written by Tareq Sikder at www.financemagnates.com.

The UK division of 4T Markets Limited recorded a small profit of £141 for the financial year ending 31 March 2025. The figure marks a turnaround from the previous year’s £17,380 loss.Revenue Growth with Thin Margins4T Markets UK’s latest financial statements show turnover rising 22% to £573,156 in 2025, compared with £469,322 a year earlier. Gross profit jumped to £360,126 from £307,252. However, administrative expenses—widened by 10% to £359,732 from £324,747—kept net gains almost flat, underscoring the thin margins typical in today’s electronic FX brokerage space.Besides that, the company’s operating profit reached £394, compared to a £17,495 operating loss the previous year, while interest income contributed an additional £118. The final profit after tax, though only £141, represented a positive turnaround from the prior year.Read more: 4T Markets UK Doubled Its FY24 Revenue, Narrowed Losses SignificantlyIn the Companies House filing, the firm mentioned that it continues to target a seasoned clientele, including high-net-worth individuals, professional traders, and institutional investors familiar with the OTC foreign exchange market."The shareholders have funded 4T Markets with adequate capital to address not only the minimum regulatory capital necessary for the Firm to comply with the FCA's requirements but also its working capital requirements, and will continue to do so to ensure that it can sustain the business until it is profitable and can operate organically on its own resources," the broker mentioned. Management emphasized that the company’s culture remains anchored in client fairness and compliance with the Financial Conduct Authority’s Consumer Duty obligations.4T Markets positions itself as an agency intermediary broker, allowing clients to access its electronic trading platform to execute OTC FX transactions. This model differentiates it from principal dealers by avoiding direct exposure to market risk.Ownership and Governance4T Markets Limited is wholly owned by 4T Global (Cyprus) Ltd, a holding company registered in Cyprus. In the statement, the company mentioned that it continues to navigate the UK’s evolving prudential framework following the adoption of the Investment Firm Prudential Regime (IFPR) in 2022. As a former €125,000 matched principal license holder, the broker now operates under the MiFID Transitional Provisions (TP2) for Own Funds, as outlined in the FCA Handbook. The IFPR raised the company’s permanent minimum capital requirement from £330,000 in late 2024 to £470,000 at the start of 2025, with a phased increase to £750,000 over five years. This article was written by Jared Kirui at www.financemagnates.com.

“Not your keys, not your crypto” is a well-known message that urges people to maintain full control, including with self-custody, whether through cold storage or a hot wallet. However, self-custody is not without risk. Take this ubiquitous story in the crypto space: a user received free tokens in an airdrop and interacted with them, but a malicious contract was concealed in the transaction. When they clicked ‘approve,’ the scammers received full access to their funds. All their assets were drained in minutes, and with neither support nor a help desk, everything disappeared for good.Self-custody puts all the responsibility on the user. Yes, they have control, but they can lose all the funds in their wallet with a single wrong click. Frustration, disappointment, and stress are just some consequencesThe above is an extreme example, but one can’t argue that inadequate customer support is frustrating at best. Common issues such as login problems or stuck transfers can lead to disillusionment if not addressed promptly. Even customers of leading exchanges (and maybe especially) can struggle with subpar support experiences. Research by On-Demand Trading (ODT), a concierge over-the-counter crypto trading desk, reveals these and other consequences of insufficient investment in support.Leading exchanges like Coinbase Prime do not offer live support, and HTX users have been locked out of their accounts due to 2FA issues. As ODT recognizes, customers deserve better regardless of whether they trade $500 or $5 million, yet many exchanges choose bots instead of human support. While helpful for straightforward issues, bots fail with more complex cases. The user is looped through bot replies, and the ensuing frustration translates into financial stress, not to mention how dangerous a lack of human support can be in high-stakes trading.How are leading exchanges getting away with poor support?Crypto markets operate 24/7, making high-quality support essential. Yet leading platforms may be getting away with poor or no support due to the sheer lack of competition in the market. An exchange the size of Coinbase doesn’t need to worry about a disappointed customer taking their business elsewhere because they have a few people opening an account for every one leaving the exchange. Smaller-scale platforms will only consider the issue after enough customers leave to put their growth metrics in the red.What’s more, companies like Coinbase have overcome “regulatory capture” - massive regulatory hurdles - to get where they are, including FINCEN and SEC, KYC/AML regulations, money transmitter licenses in all US states, and different compliance requirements in other countries. Steep regulatory hurdles ensure fewer players can enter the market and compete with established platforms. While one can’t argue that many customers are to blame for common issues like not having read the terms and conditions or not being familiar with payment processing timelines, it’s difficult to justify having no chat service or phone number to call when a problem arises. Some trading platforms take days to reply by email. Once broken, trust and confidence aren’t easily restored.Alternative practices and approachesODT not only offers human support but also assigns each client a dedicated account manager who understands their portfolio needs and concerns. Its US-based account managers provide guidance through signup, onboarding, and KYC processes, wire transfer assistance, and enhanced security for large transactions. ODT has saved many clients’ life savings and blocked scammers from receiving over $10,000,000. The trading desk handles transactions ranging from $500 to over $1 million and guarantees same-day settlement. It’s licensed, registered, and complies with US state and federal law, ensuring peace of mind.Other platforms outsource their support to crypto call centers, which can help build trust and accountability and encourage users to make larger investments. A multilingual hotline that operates around the clock, like the crypto market itself, can make a convincing difference in user experience. Well-trained, competent support staff can address significant issues, such as transfers to a fraudulent wallet or platform, before they escalate. For example, the customer transfers funds from their bank account to the scammer’s bank, wallet, or platform and then files a complaint against their bank for not doing enough to prevent the scam.Another complaint the US Department of Financial Protection and Innovation commonly receives is when a customer makes a profit off a crypto investment, is asked to invest more, and is unable to withdraw the funds. The scammers abandon the fraudulent site and make off with the money.The case against human support The main and perhaps only argument against human support is the cost, which users cover in higher fees. Businesses worldwide are dealing with inflation, rising labor costs, and talent shortages. Apart from a salary, each new hire brings a list of hidden expenses. In 2025, the estimated cost per hire in customer supportis $3,000 – $6,000, driven by shorter onboarding, lower sourcing complexity, and high-volume hiring. However, a 2025 survey published by Kraken shows that 79% of crypto exchange users would rather pay a trusted platform higher fees than save money with a platform they don’t trust. Trustworthiness is the top factor for over a quarter of users when choosing a trading partner, followed by fees at 16%. Evidently, safety concerns override cost considerations.The issue is complex, but the benefits of human support ultimately outweigh the disadvantages. Customer loyalty is a function of trust in the platform, and it’s far easier to retain an existing client than find a new one. Boutique exchanges and trading desks cannot and should not compete with the giants. Instead, they can offer a viable alternative, as well-trained, competent human support teams give users a reason to choose them over large, indifferent exchanges. This article was written by FM Contributors at www.financemagnates.com.

Belarus has begun blocking access to several of the world’s largest cryptocurrency exchanges, including Bybit, OKX, BingX, and Bitget, according to data from BelGIE, the country’s central internet-filtering authority. The measure, carried out “based on a decision of the Ministry of Information,” disconnects Belarusian users from platforms that have historically served as informal crypto gateways for client deposits and withdrawals used by many forex and CFD brokers.Finance Magnates reached out to the affected exchanges for comment; no replies were received by the time of publication. What Happened in BelarusBelarusian users with domestic IP addresses report that platform websites no longer resolve. Clients of Beltelecom, the state telecom operator, see the standard regulatory notice: “Access to the information resource is restricted based on the decision of the authorised body of the Republic of Belarus.”A few comments from a Bybit community channel illustrate the suddenness of the measure, including questions about the nature of the block and calls for official clarification. Belarus was among the first states to legalise mining and digital asset exchanges, yet its approach has shifted toward tighter control. Presidential Decree No. 367, adopted last year, seeks to curb the illicit use of cryptocurrencies and restricts citizens' ability to perform certain operations on foreign trading platforms—particularly those involving the direct deposit or withdrawal of fiat or electronic money. Earlier clarifications from the Investigative Committee confirmed that crypto-to-crypto operations on existing accounts were not prohibited, while fiat flows were subject to restrictions.The current blocking measures go further by limiting access altogether, effectively preventing users from reaching the platforms irrespective of the type of transaction. What's the Industry Impact For international forex and CFD brokers, the blocking is a strong signal that working with Belarusian residents through crypto-based products or payment rails is becoming even more sensitive from both a sanctions and regulatory perspective. Many brokers that previously relied on large exchanges as informal crypto gateways for client deposits and withdrawals will face interruptions to these channels, together with heightened operational risk when attempting to reroute flows through third-party exchangers or P2P mechanisms. At the same time, the EU’s prohibition on offering crypto-wallet services to Belarusian residents already forces European and MiCA-regulated firms to exclude Belarusian clients from any crypto-related functionality. Combined with domestic access blocks, this further discourages regulated brokers from serving the market and increases the likelihood that Belarusian traffic will migrate toward offshore or lightly supervised platforms. This shift raises concerns about fraud exposure, chargebacks, and the overall risk profile associated with “BY” client flows, prompting compliant brokers to rely solely on fiat channels via third-country banks and to implement more intensive source-of-funds verification. The sudden blocking of major exchanges represents a notable escalation in Belarus’s crypto policy. While the restrictions disrupt retail access, they also reshape the operating environment for brokers, payment firms, and compliance teams handling Belarus-linked flows. If these measures persist, regulated firms will need to revise their onboarding frameworks, funding routes, and risk assessments to align with both domestic Belarusian requirements and international sanctions regimes. This article was written by Tanya Chepkova at www.financemagnates.com.

Broker education is clearly shifting, and both traders and IB Partners are noticing it. To understand what’s driving this change and why it matters now we sat down with Karyna Tsyhanok, Partnership Product Lead at Versus Trade, to discuss Versus Academy, a new education platform built to bring more structure into a beginner’s first trading steps.1) Karyna, before we talk strategy, let’s start simple: what exactly is Versus Academy today, and what does it give to new traders?To be honest, Versus Academy is simply a response to what we kept seeing every day: beginners were lost in scattered tutorials, and IB Partners were trying to onboard people who had no structure at all. That’s why we built Versus Academy as a separate education brand that works alongside Versus Trade — so newcomers can learn first, calmly and without pressure, before thinking about real trading.To make the Guide genuinely useful, we focused on what new traders struggle with the most. The key blocks include:Step-by-step trade examples & common pitfallsPractical cases to check understanding of the marketChart & widgets on popular platforms like TradingViewPro tips, mistakes to avoid, and real “how-to” shortcuts from active tradersWe still cover the fundamentals — technical and fundamental analysis, money management, psychology — but only in a clean, straightforward format.And once a person goes through the material, they can practise everything on a Versus Trade Demo Account, risk-free. No deposits, no conditions — just a clear starting point.2) Why did Versus Trade decide to launch an educational platform in the first place?If we look back, Versus Academy appeared not because we planned a big educational product, but because the market kept showing us the same pattern. The trading space is full of scattered content, conflicting advice and theory-heavy academies that look good but don’t help anyone get through their first trades.So we stepped back and asked ourselves: what would actually help?We realised that the market didn’t need another polished academy full of long theory. It needed something practical, short and honest — the kind of material that actually helps you make sense of your first steps.So we built an MVP around real user questions, real mistakes, and the real gaps we saw in onboarding. And this became the role of Versus Academy: give traders clarity, give partners a useful tool, and remove the chaos from the early trading experience. Not a marketing layer — a missing one.3) Why did you choose to offer the Trading Guide for free? Many brokers sell education.For most beginners, the first steps shape everything. They determine whether trading feels clear and structured — or stressful and discouraging. Early mistakes usually happen not because someone isn’t capable, but because they simply don’t know where to start. Versus Academy was created to change that first experience.Knowledge doesn’t remove risk — trading will always involve risk — but knowledge can reduce stress, emotional pressure and impulsive behaviour. We wanted people to have a place where they can do that without deposits, commitments or pressure to trade immediately.Making the Guide free ensures exactly that: a safe, structured entry point with no deposits or commitments. And in practice, traders who learn through the Academy and practise on a Versus Trade Demo Account become more confident and stable — which also supports stronger onboarding for IB Partners.4) Let’s talk about IB partners. How does Versus Academy help them?IB Partners often bring motivated beginners, but without a foundation those traders get lost quickly. Versus Academy closes that gap. Partners get a ready, structured resource they can rely on instead of building materials themselves or explaining basics dozens of times.An educated trader understands basic market dynamics, recognises that temporary pullbacks are normal, and approaches early profitable trades with more discipline. They still make mistakes — everyone does — but they act more consciously and stay in trading longer.Many beginner questions — “How do I login in MT?”, “Where do I click to buy Gold?”, “What does this M1 mean?” — are already explained in the Guide. And partners who help beginners grow often become trusted mentors for their audience, which drives stronger loyalty and long-term cooperation.5) Who creates the educational content? How do you ensure quality?All Versus Academy content is created by people who work with markets daily — trading analysts, market researchers and our internal product team. The goal was to build something practical, not theoretical.Each module starts with simple questions:What problem does this solve? How do we show it step by step? How can a trader check their own understanding?We update the Guide regularly with new patterns, tools and examples, and we use feedback from traders and IB Partners to refine it. It’s a living product that evolves with the market.6) How does the learning flow actually work for new clients?We designed the user journey to be simple and intuitive from the very first interaction. A person leaves their email on the Versus Academy website and immediately gets access to the Trading Guide inside their Academy dashboard, along with a copy delivered straight to their inbox.At the same time, they receive temporary credentials for a Versus Trade Demo Account, which they can use to practise the steps and self-check tasks included in the Guide — all in a completely risk-free environment.This flow lets beginners learn first, practise second and move at their own pace without pressure. It also helps IB Partners offer a cleaner onboarding experience: people start with education, get hands-on practice and only explore the broader Versus Trade ecosystem when they feel ready.7) How do you see Versus Academy evolving next, and where does it fit into Versus Trade’s long-term vision?Versus Academy will evolve together with the people who use it. We’re adding more practical formats — short videos, self-check tools, scenario-based cases — and expanding localisation to support IB Partners in their key regions. The goal is to keep everything useful, simple and actionable.In terms of the bigger vision, Academy has become a core part of how Versus Trade approaches trader development. We’ve strengthened our IB and MIB programs, expanded copy trading, and focused on building a full ecosystem where a trader can learn, practise on a Versus Trade Demo Account and later explore MT5 or Versus Pairs with confidence.For traders, it’s structure. For IBs, it’s better retention and easier onboarding. For us, it’s a long-term commitment to a more transparent, supportive trading environment.To finalize:What we’re building with Versus Academy is the foundation of how we want traders and IB Partners to grow inside the Versus Trade environment. Trading will always involve risk, and we can’t remove that. But we can remove the noise, give people structure, and build an environment where growth feels natural, not forced.If we do that well, we create a space where traders learn with confidence and IB Partners work with far stronger, more stable audiences. For us, that’s what a sustainable ecosystem really means.Versus Academy is an educational platform and does not provide trading, investment, or financial services. All content is for educational purposes only.Versus Academy is a partner of Versus Trade, a licensed international broker. The materials provided here do not constitute financial advice or an invitation to trade.Risk Disclaimer: Trading financial instruments involves significant risk of loss. Always ensure you understand the risks and seek professional advice before making any trading decisions. This article was written by FM Contributors at www.financemagnates.com.

France’s financial regulator, the Autorité des Marchés Financiers, has updated its policy on complex financial products to reflect the rise of crypto-assets and the implementation of the European Markets in Crypto-Assets regulation. The regulator is now clarifying these rules to accommodate crypto-asset-linked exchange traded notes under certain conditions.In a related move, the AMF approved rules for LISE, the country’s first blockchain-based stock exchange. The platform allows direct retail trading of tokenized shares for small and mid-sized companies under the EU Pilot Regime. Investors can trade without brokers using digital wallets, and access requires a knowledge test. LISE targets companies with a market capitalisation under €500 million and a total market cap limit of €6 billion, providing an alternative to traditional exchanges such as Euronext.MiCA Provides Regulatory FrameworkMiCA provides a coordinated framework for crypto-asset service providers and imposes transparency obligations on issuers. The AMF said it adapted its policy to address structured products linked to crypto-assets, noting that certain crypto-assets, if they meet predefined conditions, “are no longer unusual for retail clients.” The regulator said the changes aim to reflect new market practices while continuing to protect retail investors.AMF Seeks Investor ProtectionThe AMF’s policy on complex products is designed to reduce information asymmetry between retail investors and product issuers. Previously, the regulator set out criteria to assess whether financial instruments carry risks that retail clients may not understand. Products failing these criteria were required to carry a warning stating: “the AMF considers that this product is too complex to be marketed to retail investors and has therefore not reviewed its marketing materials.”Four Conditions Apply to Crypto-ETNsThe regulator requires four cumulative conditions for crypto-ETNs. The underlying crypto-assets must have a market capitalisation of at least €10 billion, a 30-day average daily trading volume of at least €50 million, and be tradable on a MiCA-authorised platform. Products must have no leverage or discretionary component. Exposure must be through direct holding, regulated securities, or regulated instruments, and custody must be with a MiCA-authorised service provider.Policy Review Scheduled for 2027The AMF emphasised that crypto-asset-linked debt securities remain complex financial instruments and fall under the Markets in Financial Instruments Regulation. Providers must ensure suitability for retail clients and define a target market. Prospectus approval may be required above certain thresholds. The regulator also warned that “crypto-assets can be subject to sharp price fluctuations” and said it plans to review the policy adaptation in the first half of 2027. This article was written by Tareq Sikder at www.financemagnates.com.

Britain's Financial Conduct Authority (FCA) rolled out near-final rules for a new "targeted support" framework that could reach 18 million people over the next decade, addressing what regulators call a persistent gap in financial guidance for pensions and investments.The regulatory overhaul, finalized today (Thursday), allows financial firms to make specific product recommendations to groups of consumers sharing common characteristics, and without conducting the comprehensive individual assessments required for full financial advice. Millions Missing Investment Opportunities in The UKAround 7 million UK adults hold at least 10,000 pounds in cash savings but aren't investing, potentially missing out on better returns, according to FCA data cited in the announcement. The problem runs deeper: fewer than one in 10 people obtain regulated financial advice, while nearly one in five investors turn to social media for investment decisions."Targeted support will be gamechanging," said Sarah Pritchard, the FCA's deputy chief executive. "It means millions of people can get extra help to make better financial decisions."The regulatory shift comes as UK households lag behind their European and American counterparts in retail investment participation. Between 2021 and 2023, British households allocated just 19% of their financial assets to retail investments like funds and shares, compared with 38% in the EU and 56% in the US, according to data from New Financial cited in the policy statement.This is another step aimed at supporting investment in the UK, coming just a day after the FCA on Wednesday introduced a consumer tool designed to help people determine whether a firm is operating legally and is safe to use, following a surge in investment scams that affected 800,000 Britons.How The Framework OperatesThe system works by allowing firms to pre-define consumer segments based on shared financial needs and common characteristics, then match customers to ready-made suggestions. Unlike traditional advice, firms won't need to conduct detailed personal assessments of each customer's full financial circumstances.Firms must clearly communicate that recommendations are designed for groups, not individuals, and disclose any limitations on the products they've considered - such as only offering their own products. The FCA received 116 responses to its first consultation and 20 to a follow-up, with most stakeholders supporting the approach.The regulator made several refinements based on feedback. Firms can now direct consumers to whole-of-market annuity brokerages after providing retirement recommendations, though they cannot suggest specific annuity products. The FCA expects firms to start applying for permission to offer these services in March 2026, with the regime going live the following month pending government legislation.Strict Product Limitations ApplyThe framework includes guardrails. Firms cannot use targeted support to recommend pension consolidation or suggest specific annuities, which the FCA views as too personalized for group-based recommendations. High-risk products subject to marketing restrictions - like non-mass market investments (including CFDs) - are also excluded.However, firms that provide Britons with access to stocks and shares ISAs – such as eToro and XTB – stand to benefit from this as well.A ban on commissions applies, though an exception allows payments from annuity brokerages when firms refer customers to these services. Firms can charge for targeted support or offer it free, potentially funding the service through cross-subsidization from other business lines.The Consumer Duty - the FCA's outcomes-focused regulatory framework implemented in 2023 - underpins the entire regime. Firms must demonstrate their services deliver fair value and good outcomes for customers. This article was written by Damian Chmiel at www.financemagnates.com.

XRP has traded sideways near $2 throughout late 2025, struggling to reclaim its July highs of $3.65. This consolidation follows a year of regulatory breakthroughs and disappointing price action, leaving investors wondering: Will XRP go up? In this article, I examine XRP's current chart setup, breaking developments that could influence its trajectory, and expert forecasts exploring whether XRP can reach $10 in the coming years.XRP Price Trades in Consolidation - Why Is XRP Going Up and Down?XRP's price has experienced notable volatility throughout 2025. After surging to $3.65 in July - just shy of its all-time high of $3.84 from January 2018 - the asset entered a prolonged correction, dropping below $2 in late November before stabilizing around $2.00 as of December 11, 2025.The sideways movement reflects investor uncertainty despite positive regulatory developments. Ripple's $125 million SEC settlement initially sparked a broader rally. However, enthusiasm faded as broader crypto market weakness and macroeconomic concerns weighed on sentiment.Recent weeks have seen XRP bounce from the psychological $2 support level multiple times. The cryptocurrency has formed a tight consolidation pattern between $2.00 and $2.20, suggesting a major directional move could be approaching. Today, Thursday, December 11, 2025, XRP is trading at approximately $2, hovering near critical technical levels.Will XRP Go Up? 3 Catalysts for XRP's GrowthRegulatory ResolutionRipple's complete victory over the SEC - with the settlement finalized in May 2025 and the agency dropping its appeal - removed the primary regulatory overhang that suppressed XRP for years. The XRP ETF approvals in September 2025 by Grayscale and Bitwise marked another milestone, attracting over $300 million in institutional inflows with projections of $5-7 billion by 2026.Institutional Adoption AcceleratesRipple has dramatically expanded its global footprint in late 2025. The partnership with RedotPay in December brought XRP payments to Nigeria, Africa's largest crypto market, enabling instant cryptocurrency-to-naira conversions. Earlier partnerships with SBI Holdings introduced plans to launch Ripple's RLUSD stablecoin in Japan by 2026, while Dubai Land Department adopted XRP Ledger for real estate tokenization.Monetary Policy Tailwinds"Any monetary policy loosening is welcome news for supplying hot money inflows into cryptocurrency markets,” said Paul Howard, Director at Wincent. “The Fed resuming T-bills hints at a more longer term approach to stimulate economic activity. The regulatory changes of 2025 coupled with loosening monetary policy set a good foundation for the ongoing development of the crypto asset class.”XRP Technical AnalysisAlthough XRP currently sits far from this year's highs near $3.65 from July, and a downward trend dominates with price moving below the 200 EMA, the psychological $2 level continues providing strong support. If XRP manages to break out of the current bearish regression channel and overcome the moving average grid, it would open the path to retest the $3.40 level (January 2025 highs) and the mentioned $3.65 peak.What could happen next? Based on my technical analysis using Fibonacci extensions, prices could potentially jump above $5 (161.8% Fibonacci extension level).As it turns out, some analysts and major banks hold even more bullish views.You may also like my previous analyses:Expert Prediction: Can XRP Reach $10?Standard Chartered's Geoffrey Kendrick, Global Head of Digital Assets Research, projects XRP reaching $12.50 by 2028. This forecast represents a 400% increase from current levels and would elevate XRP's market capitalization substantially. Kendrick's analysis suggests XRP could potentially overtake Ethereum's market cap, becoming the second-largest non-stablecoin cryptocurrency behind Bitcoin.Long-term forecasts show growing consensus around double-digit targets. Ryan Lee from Bitget Research predicts XRP could hit $10 by 2030, driven by adoption of Ripple's RLUSD stablecoin and potential Ripple Labs IPO developments. Lee emphasizes that short-term price targets range from $2.00-$2.17 on the downside to $2.65-$3.00 on the upside, with $2.50 remaining a pivotal breakout level.CoinPedia's projections align closely with Standard Chartered, forecasting $8.60 by 2026 and focusing on RippleNet's expanding footprint in banking, particularly across Asia and Latin America. XRP News, FAQHow high can XRP realistically go?Determining how high XRP can realistically climb depends on regulatory developments, institutional adoption rates, and broader market conditions. As of December 11, 2025, XRP trades at approximately $2 with a market cap hovering around $120 billion. Standard Chartered's Geoffrey Kendrick suggests XRP could reach $12.50 by 2028, driven by its utility in cross-border payments where it processes transactions in seconds for minimal cost.Can XRP reach $10 in 2025?No. The possibility of XRP reaching $10 before year-end 2025 - less than three weeks from December 11, 2025 - appears virtually impossible. Starting at $2, XRP would require a 390% surge in under 20 days, pushing its market cap from approximately $120 billion to over $580 billion. For context, XRP's highest level in 2025 was $3.65 in July, suggesting the infrastructure and demand for $10 simply doesn't exist on such a compressed timeline.Will XRP ever reach $50?At $2 today, hitting $50 would demand a 2,350% increase, pushing its market cap to approximately $2.9 trillion - a figure exceeding the entire crypto market's peak of $3 trillion in 2021. This isn't impossible in the long term - perhaps within 10-15 years - if Ripple's vision of XRP as the backbone for global payment infrastructure materializes. Standard Chartered's $12.50 forecast by 2028 implies $50 could represent a subsequent multi-year target, contingent on widespread bank adoption and technological upgrades to the XRP Ledger.Can XRP hit $10?Yes. XRP reaching $10 appears achievable within a 3-5 year timeframe based on current analyst consensus. This would require a 390% increase from the current price of $2, lifting its market cap to approximately $580 billion. Standard Chartered projects $10.40 for 2027 and $12.50 by 2028, while Ryan Lee from Bitget Research forecasts $10 by 2030. XRP's all-time high of $3.84 demonstrates it can approach mid-single-digit levels during strong bull markets, making $10 realistic if institutional adoption accelerates and crypto markets enter another major expansion cycle. This article was written by Damian Chmiel at www.financemagnates.com.

After five years seeking a Commodity Futures Trading Commission (CFTC) license, Gemini can now compete directly with established rivals Kalshi and Polymarket. Gemini first applied for a Designated Contract Market (DCM) license in March 2020, though the regulator approved it only in December 2025. Gemini’s leadership framed the approval as a benefit of a more supportive political environment. “We thank President Trump for ending the Biden Administration’s War on Crypto,” CEO Tyler Winklevoss said in a pointed statement. “It’s incredibly refreshing to have a President and a financial regulator who are pro-crypto, pro-innovation, and pro-America.” Gemini’s stock (NASDAQ: GEMI), publicly listed since September 2025, rose 13.7% after-hours as investors weighed the impact of a well-capitalized exchange entering a key crypto sector.The CFTC has not commented on any political factors surrounding the approval. What Is Known About Gemini’s Prediction Markets The new license allows Gemini Titan – a wholly owned subsidiary of Gemini Space Station – to offer prediction markets to U.S. customers. Initially, the company plans to launch simple yes-or-no event contracts, directly competing with Kalshi's and Polymarket's flagship products. The new trading contracts will be available “soon” on Gemini’s web interface, with mobile trading to follow. U.S. customers of the cryptocurrency exchange will be able to trade them from their USD accounts. Gemini signaled that prediction markets are just the first step in a broader derivatives strategy. The firm outlined plans to expand into crypto futures, options, and perpetual contracts. “Prediction markets have the potential to be as big or bigger than traditional capital markets,” said Cameron Winklevoss, Gemini’s president. What It Means for the U.S. Prediction Markets Gemini’s approval immediately shifts the U.S. prediction market landscape from a stable two-player scene—Kalshi as the sole fully CFTC-regulated venue and Polymarket with strong on-chain growth—to a three-way contest. With a public-market footprint, strong capital base, and mainstream distribution, Gemini enters as a competitor poised to challenge both competitors. Its arrival is expected to intensify the race for liquidity, product depth, and user acquisition, prompting more aggressive platform differentiation.Kalshi CEO Tarek Mansour previously described the rivalry between Kalshi and Polymarket as the kind of “ferocious” duel that forces a young market to mature. Gemini’s entry turns a duopoly into a competitive triangle, spurring faster innovation and sharper rivalry in prediction markets. This article was written by Tanya Chepkova at www.financemagnates.com.