Grayscale has filed with the US Securities and Exchange Commission to launch a spot exchange-traded fund tracking the cryptocurrency BNB. The filing, submitted on Friday, marks one of the asset manager’s largest moves beyond Bitcoin and Ether.According to the registration statement, the proposed Grayscale BNB ETF would hold BNB directly and issue shares designed to reflect the token’s market value, minus fees and expenses. The fund is intended to trade on Nasdaq under the ticker symbol GBNB, subject to regulatory approval, Cointelegraph reported.Grayscale Files SEC Approval Spot BNBIf approved, the ETF would allow US investors to gain regulated exposure to BNB without needing to custody the token themselves or hold it on crypto exchanges.BNB is the native token of the Binance ecosystem and is used to pay transaction fees on the BNB Smart Chain, participate in onchain governance, and receive trading fee discounts on Binance’s platform. At the time of filing, BNB was the fourth-largest cryptocurrency by market capitalization, valued at $120.5 billion.Grayscale Joins VanEck BNB ETF RaceGrayscale’s filing follows previous efforts to bring a BNB-linked ETF to the US market. Investment manager VanEck has also submitted a registration statement for a BNB ETF, including an amended Form S-1 seeking a Nasdaq listing under the ticker VBNB, and is further along in the regulatory review process.? @Grayscale has filed an S-1 with the SEC to convert its BNB Trust into a spot BNB ETF, following the trust’s Delaware registration on January 8.The ETF is planned to trade on NYSE Arca and would be backed 1:1 by BNB held in cold storage. If approved, it would give investors… pic.twitter.com/mv4UC2Qr7D— Watcher.News (@watchernewsx) January 23, 2026The move reflects Grayscale’s strategy to expand its crypto investment offerings after the approval of spot Bitcoin ETFs in the United States. Spot Bitcoin and Ether ETFs now hold more than $100 billion in assets under management, showing strong investor demand for regulated crypto exposure. A BNB-linked product would provide access to a token closely tied to a major crypto exchange ecosystem, extending investor options beyond base-layer networks.Crypto ETFs Gain Ground in Costa Rica, Australia, and UKCosta Rica’s Banco Nacional plans a spot Bitcoin ETF, its first crypto product offered through a bank, priced in USD with a $100 minimum. Internationally, Australia’s ASX launched the VanEck Bitcoin ETF, and the UK’s FCA approved two WisdomTree crypto ETPs, with 21Shares preparing another. These developments reflect growing demand for regulated crypto investment products. This article was written by Tareq Sikder at www.financemagnates.com.

The UK’s Financial Conduct Authority has opened a consultation on its proposed rules for cryptoasset firms. The consultation marks the final stage in the regulator’s series of proposals for the sector. Responses will be accepted until 12 March 2026.The FCA recently outlined requirements for firms planning to carry out regulated cryptoasset activities. Applications for authorisation under the Financial Services and Markets Act are expected to open in September this year, ahead of the regime’s launch in October next year. Firms must comply with governance, operational resilience, financial crime, and Consumer Duty requirements. Existing FSMA-authorised firms must vary their permissions, while firms currently registered under anti-money laundering or payment regulations will need full authorisation, as “there will be no automatic conversion.”Scope of the ConsultationThe consultation seeks input on how the Consumer Duty, conduct standards, dispute resolution, safeguarding, and other regulatory requirements should apply to cryptoasset businesses. It also covers the treatment of retail collateral in crypto borrowing, the use of credit to purchase cryptoassets, and guidance on where firms should be based.FCA ObjectivesThe FCA said the proposals aim to "deliver good outcomes for customers while supporting them to navigate their financial lives" and to maintain a market "where innovation can thrive, but where people understand the risks." The regulator noted that while it continues to develop the regime following government legislation, crypto remains largely unregulated outside rules on financial promotions and financial crime.Key Areas in the ConsultationSpecific areas addressed in the consultation include the Consumer Duty, which provides guidance to ensure firms deliver fair outcomes for retail customers; dispute resolution rules covering complaints handling and redress; and Conduct of Business Standards, which apply key conduct rules to crypto activities. Other measures cover credit for crypto purchases, training and competence standards for staff, the categorisation of crypto firms under the Senior Managers and Certification Regime, regulatory reporting requirements, safeguarding rules for custody of specified investment cryptoassets, retail collateral protections, and location policy guidance.Previous Proposals and GuidanceThe FCA said the consultation follows earlier proposals issued in December 2025, which outlined the application of crypto rules in line with traditional finance principles. These included providing clear information to consumers, proportionate requirements for firms, and flexibility to support innovation.The regulator also highlighted previous consultations on stablecoin issuance, cryptoasset custody, prudential rules, conduct of business, and market abuse. This article was written by Tareq Sikder at www.financemagnates.com.

IC Markets has appointed Petros Kalaitzis as General Manager for its prop trading division.Kalaitzis, who has held multiple senior and executive roles in the financial services industry, said he is “very excited to be here and looking forward to make IC Funded as successful as IC Markets.”The company has also been active in sponsorships. IC Markets signed an agreement with Australian tennis player Alexei Popyrin ahead of the 2026 season. The broker was earlier named official forex trading partner of the MoneyGram Haas F1 Team, with branding on the car’s nose, front wing, halo, and cockpit headrests.IC Markets Appoints Executive to Prop TradingBefore joining IC Markets, Kalaitzis worked at FunderPro as Deputy CEO and Chief Strategy Officer for one year and seven months. He also held leadership positions at Tools for Brokers, including Managing Director for one year and three months and Sales Manager for eight months.His earlier experience includes roles at The Trading Pit as Managing Director and COO for six months, Chief Experience Officer at NAGA for nine months, and Head of Client Services for Listed Derivatives at Tickmill for nearly three years.IC Funded offers a proprietary trading program for professional traders. The company has said it aims to “grow the program and expand its presence” in the trading industry.Prop Firms Bridge Gap Between TradersIC Markets’ appointment of a new General Manager reflects the growing role of prop trading in retail trading, a topic discussed at the recent Finance Magnates London Summit. Industry discussions highlighted both the benefits and limitations of prop trading. While the model opens access and supports trader development, structural challenges—such as evaluation processes and short-term performance targets—remain. The market has responded with increasing adoption of prop programs, which are viewed as complementary to brokers. Firms and brokers together form a framework that expands participation, encourages disciplined trading, and contributes to broader market growth. This article was written by Tareq Sikder at www.financemagnates.com.

Changpeng “CZ” Zhao has re-emerged on the global stage as an advisor to sovereign governments. At the World Economic Forum in Davos, the former Binance CEO said he is in talks with around a dozen countries on tokenizing state-owned assets. Speaking on a panel in Davos, Zhao, who is officially "retired" from Binance, signaled a significant pivot from corporate leadership to global crypto advocacy.From Exchange Builder to Sovereign AdvisorHis new focus is on helping governments raise capital by turning national assets—like state-owned oil or telecom firms—into tradable, blockchain-based tokens. “I’m talking with probably a dozen governments about tokenizing some of their assets,” Zhao said. “This way the government can actually realize the financial gains first and use that to develop those industries.” This is not just theoretical. Zhao's claims are backed by a history of high-level government engagement. He has previously served as an advisor to the Pakistan Crypto Council and has held discussions with officials in Malaysia and Kyrgyzstan regarding their digital asset strategies. His new position as a "dealmaker-at-large" untethered from a single exchange allows him to act as a more neutral advocate for the technology itself. It marks a new phase in the industry's maturation, where influential figures can drive adoption at the national level, independent of their former corporate roles.CZ: "I'M TALKING WITH PROBABLY A DOZEN GOVERNMENTS ABOUT TOKENIZING SOME OF THEIR ASSETS." pic.twitter.com/MiVeCeAaxo— The Wolf Of All Streets (@scottmelker) January 22, 2026 Payments Remain the Hardest Part Adding a dose of realism to the discussion, Zhao also candidly admitted that crypto has so far failed to conquer the world of everyday payments. “Payments is something that we have tried and not really conquered,” he noted. “We’ve tried, but nobody really pays in crypto.” However, he pointed to the future, suggesting that the native currency for artificial intelligence (AI) agents will inevitably be cryptocurrencies, creating a massive new use case for digital payments. Zhao’s appearance at Davos is his most high-profile since being pardoned by U.S. President Donald Trump in October 2025 for anti-money laundering violations. While he has publicly stated he has no plans to return to Binance, his active engagement with world governments confirms that he remains one of the most influential figures in the digital asset space, now operating on a new, sovereign stage. This article was written by Tanya Chepkova at www.financemagnates.com.

Today, Pocket Broker (https://pocket-broker.com/) announced the launch of Trading Race, an adrenaline-fueled trading competition inspired by the high-octane world of Formula 1 racing. Traders worldwide are invited to compete across three distinct racing tiers, with the chance to win valuable prizes while experiencing the thrill of the track through strategic trading.Three Laps, Three Levels of CompetitionTrading Race offers three competitive tiers designed to match different trading styles and ambitions:Small Lap – upon achieving a turnover equal to 9 times the new depositPrize: 5 racers will each claim 5 green gems (can be spent in the Pocket Broker shop, to buy up to +100% bonuses on deposits, +$5 bonuses to balance, cashback, or trading boosters, among other things)Medium Lap –if a turnover equal to 18 times the deposit is reachedPrize: 5 racers will each earn 3 x Ultrade $10Large Circuit – a turnover of 27 times the depositPrize: 5 racers will each win 3 × Ultrade $100The Green Light is On!The competition combines the strategic elements of trading with the competitive spirit of motorsport, creating an engaging experience. Every decision counts, and every position on the leaderboard matters.Participation Using RACE99Participants can supercharge their trading experience with the exclusive promo code RACE99, unlocking a remarkable 99% bonus to fuel their competitive edge from the starting grid.Participation ProcessTraders can join Trading Race by registering on the Pocket Broker platform, selecting their preferred lap (small, medium, or large), and applying promo code RACE99 to activate their +99% bonus. The competition is open to both new and existing Pocket Broker users.About Pocket BrokerPocket Broker is an online trading platform, mainly accessible through the app which has 10+ million downloads. The app provides engaging trading experiences for users worldwide, allowing users to trade all markets, including currencies, stocks, indices, cryptos, and precious metals. The platform combines innovative features like AI trading with user-friendly design and easy execution, which allows it to cater towards traders of all experience levels.Disclaimer: Any trading carries significant risk. Do your own research before committing any real funds. This article was written by FM Contributors at www.financemagnates.com.

The United States financial regulatory landscape stands at a critical juncture. With the recent passage of key stablecoin legislation, the GENIUS Act in July 2025, and the ongoing, highly anticipated debate over comprehensive market structure bills like the CLARITY Act in early 2026, the nation is opening up to the crypto economy. This momentum, coupled with a discernible shift in administrative posture from enforcement-heavy to innovation-friendly, signals a new era for digital assets.Why the Howey Test No Longer Fits CryptoThe cornerstone of U.S. securities law, the 1946 Howey test, remains an anachronistic and ill-suited tool for the nuances of a rapidly evolving, often decentralized technological paradigm. It is my firm opinion that relying solely on this decades-old precedent for a modern, multi-trillion-dollar global market is a fool’s errand that stifles innovation while failing to provide genuine investor protection. A new, crypto-centric framework is not just a regulatory desire; it is an economic necessity.An Orange Grove Test Meets Decentralized FinanceThe original Howey test, born from a dispute over orange groves in Florida, determines a security if there is an investment of money in a common enterprise with a reasonable expectation of profits derived solely from the efforts of others. This framework, while flexible in its time, struggles to capture the essence of decentralized finance (DeFi), where the efforts of others are often distributed among countless, sometimes anonymous, participants, governed by immutable code rather than a central corporation. The Securities and Exchange Commission (SEC) has attempted to modernize its application, most notably with 2025 guidance emphasizing the expectation of profit and issuer influence criteria. This still leaves a gaping chasm of uncertainty, particularly for projects aiming for true decentralization.Legal Uncertainty and the Cost to Institutional AdoptionThe current approach fosters an environment where an asset may be considered a security at launch but a commodity later. This legal gray area is what most institutional investors fear to tread, thus hindering mainstream adoption and keeping the U.S. from cementing its crypto capital status. We need a bespoke instrument, a DeFi Howey, that provides the clear token taxonomy that regulators and builders alike desperately need. This new test must be built on the reality of distributed ledger technology (DLT), not shoehorned into an outdated agricultural precedent.Toward a Crypto-Centric Regulatory FrameworkDrawing on proposals such as Commissioner Hester Peirce’s safe harbor and the functional token taxonomy advanced by industry leaders, I propose a crypto-centric regulatory framework built around four core rules. The goal is to promote U.S. innovation while preserving investor protection.Rule One: The Decentralization ThresholdA modern framework must establish a clear, verifiable standard for decentralization. Once a network or protocol meets this threshold, it should exit securities law oversight and fall under a commodity framework, likely overseen by the Commodity Futures Trading Commission (CFTC). Rather than relying on vague claims of “no central party,” regulators should assess measurable factors such as token ownership dispersion, the number of independent validators, and the immutability of smart contracts. For example, if no single entity, including the founding team, controls more than a defined share—such as 20%—of governance tokens or validation power, the project would qualify. This provides a predictable path from launch to decentralization, addressing one of the industry’s most persistent legal uncertainties.Does the Howey test still apply to crypto in 2025?Hear @jito_labs Chief Legal Officer @RebeccaRettig1's take on Mined with CoinFundhttps://t.co/BC86JI5xMphttps://t.co/mPWjRdnr2c pic.twitter.com/mkCFwoxr1Z— CoinFund (@coinfund_io) January 29, 2025Rule Two: Functional Utility Versus Speculative IntentThe framework should prioritize a token’s actual use within a live network over speculative expectations. Tokens that serve clear, consumptive purposes—such as paying network fees, accessing services, or participating in on-chain governance—should be treated differently from passive investment instruments. This functional approach better reflects how crypto networks operate and reduces the risk of utility tokens being swept into securities litigation solely due to secondary-market trading behavior.Rule Three: Transparency and On-Chain DisclosureInvestor protection should be achieved through standardized, on-chain disclosures rather than traditional prospectuses. Projects should provide machine-readable information on audits, token supply and distribution, governance structures, and material risks. This “code is law, disclosure is compliance” model aligns with the transparency of public blockchains and builds on disclosure principles embedded in the CLARITY Act.JUST IN: Senator Cynthia Lummis says "most digital assets are not legally securities under the Howey test. The US is behind other countries in creating laws for digital assets. Stablecoins will bring our payment system into the 21st century." ?? #Cardano $ADA pic.twitter.com/YrfKY9G1Os— Angry Crypto Show (@angrycryptoshow) February 28, 2025Rule Four: Intermediary Liability and Consumer SafeguardsRegulation should focus on centralized intermediaries where most retail users interact. The GENIUS Act sets a useful precedent through reserve requirements and AML obligations. Strong oversight of exchanges and service providers can protect consumers without constraining decentralized innovation.A Narrow Window to Get Crypto Regulation RightThe U.S. is at a pivotal moment. The current legislative momentum offers a rare chance to get this right. By moving beyond the archaic limitations of the Howey test and embracing a bespoke, forward-thinking framework, we can provide the regulatory clarity the market craves, protect investors, and ensure America remains a global leader in the digital financial revolution. Sticking to the old ways in a new world is a path to irrelevance, and that is a price the U.S. economy cannot afford to pay. This article was written by Anndy Lian at www.financemagnates.com.

Binance has submitted an application for authorization under the European Union’s Markets in Crypto-Assets Regulation in Greece. The application follows warnings from regulators in other EU states.France’s Autorité des Marchés Financiers said Binance was among 90 crypto firms registered in the country that remain unlicensed under MiCA. The regulator said firms must comply with the rules or stop operating in France.Last year, Binance began restricting services for European users ahead of MiCA’s compliance deadline. The exchange blocked copy trading and asked users to close positions. It also limited products linked to unregulated stablecoins while maintaining spot trading, deposits, and withdrawals. These were among the first large-scale MiCA compliance steps by a major exchange.Binance Engages HCMC on EU RegulationA Binance spokesperson confirmed to Cointelegraph that the company had applied for a MiCA license in Greece. The spokesperson said Binance is working with the Hellenic Capital Market Commission.“We welcome the opportunity to work closely with the HCMC as this new regulation takes shape in the EU and look forward to contributing to the long-term growth of the EU’s digital financial ecosystem,” the spokesperson said.Germany, Netherlands Lead EU MiCA AuthorizationsPublic data from the European Securities and Markets Authority show that Greece has not yet issued any MiCA licenses to crypto-asset service providers.Binance has formally applied for a pan-European license known as MiCA that digital asset firms operating in the continent must obtain before July 1. https://t.co/n7gyOsnOpk— FORTUNE (@FortuneMagazine) January 22, 2026Germany and the Netherlands have issued the highest number of MiCA licenses in the EU, with 43 and 22 authorizations. France has granted 11 licenses through the AMF.MiCA Licensing Expands Beyond Crypto FirmsMiCA licensing is also extending beyond crypto-native firms. Recently, KBC, a Belgian bank, announced plans to launch Bitcoin services and said it expects to obtain a MiCA license in Belgium, which has not yet issued any authorizations.KuCoin’s European unit has received a MiCA license in Austria. The approval allows KuCoin EU Exchange GmbH to offer regulated crypto services across 29 countries in the European Economic Area, excluding Malta. This article was written by Tareq Sikder at www.financemagnates.com.

In response to the short report previously released by the short-selling firm Capitalwatch, AppLovin responded by firmly refuting all allegations in the report. The report is filled with false, misleading, and illogical allegations. In its public disclosure filings, AppLovin has provided full and transparent disclosures regarding the company's material investments, global business operations, and information related to major shareholders. As a publicly traded company, AppLovin's common stock is traded freely on the open market; the company cannot, and is not able to, control any individual's or institution's buying, selling, or holding of its shares.AppLovin operates a highly compliant and highly transparent advertising platform and consistently adheres to strict financial compliance standards. In terms of platform governance, we conduct rigorous audits of advertisers and developers through multi-layered and cross-validated audit and risk control mechanisms, including KYC (Know Your Customer) and tax compliance verification, while combining automated and manual review systems to ensure the integrity of the platform ecosystem. Furthermore, as part of platform governance, we explicitly prohibit any illegal or sensitive content (including gambling products) and will take measures such as removal for participants who violate platform rules.Claims regarding "AppLovin assisting in money laundering" or "its products being used for unauthorized downloads" are entirely untrue. AppLovin exists within a mature ecosystem composed of mainstream app stores, operating systems, and payment service providers. Apps that monetize through our platform must be publicly listed on mainstream app stores and undergo their independent audit and supervision.From the perspective of economic logic, the so-called "money laundering" allegations are completely untenable: ad display parties can only receive a portion of the revenue from the amount spent by advertisers. This means that any attempt to "launder money" through this method would require giving up a significant proportion of funds while leaving behind highly clear and auditable transaction records between multiple independent corporate entities. Therefore, if the premises of the report were accepted, it would be equivalent to alleging a systemic failure of the entire mobile advertising and app store ecosystem, and the report has not provided any credible evidence to support this conclusion.AppLovin officials stated: We firmly refute all allegations in this report. The report is filled with false, misleading, and illogical allegations. AppLovin has provided full and transparent disclosures in its public disclosure filings regarding its material investments, global business operations, and information related to major shareholders. As a publicly traded company, AppLovin's common stock is traded freely on the open market; the company cannot, and is not able to, control the buying, selling, or holding of shares by any individual or institution. AppLovin operates a highly compliant and transparent advertising platform and consistently adheres to strict financial compliance standards. In terms of platform governance, we conduct rigorous audits of advertisers and developers through multi-layered, cross-validated audit and risk control mechanisms, including KYC and tax compliance verification, while combining automated and manual review systems to ensure the integrity of the platform ecosystem. Furthermore, as part of platform governance, we explicitly prohibit any illegal or sensitive content (including gambling products) and will take measures such as removal for participants who violate platform rules. For information regarding AppLovin's platform governance rules, please visit https://www.applovin.com/en/platform-enforcement.Claims regarding "AppLovin assisting in money laundering" or "its products being used for unauthorized downloads" are entirely untrue. AppLovin exists within a mature ecosystem composed of mainstream app stores, operating systems, and payment service providers. Apps that monetize through our platform must be publicly listed on major app stores and undergo their independent audit and supervision. This article was written by FM Contributors at www.financemagnates.com.

YCM-Invest, which offers brokerage and prop trading services only to professional clients, revealed that it clears an average of US$6 billion in trades per month, mainly in contracts for differences (CFD) instruments, and brought in £1.9 million in revenue. This compares with £808,513 in the previous nine months.According to Companies House filings, the firm generated all of its revenue from brokerage services.[#highlighted-links#] A Significant Improvement in NumbersThe company reported its latest financials for the fiscal year that started on 28 September 2024 and ended on 3 October 2025. The previous fiscal year ran from 1 January 2024 to 27 September 2024.Although a direct comparison cannot be made due to differences in the two fiscal periods, the improvement in the figures is clear.Alongside revenue growth, the cost of sales increased to £603,162 from £292,078. Gross profit therefore reached nearly £1.3 million, up from £516,435. After administrative expenses and other costs, the company recorded an operating profit of £1.12 million.Following a tax credit, YCM-Invest netted almost £1.7 million in the last fiscal year, up from £319,478 in the previous year.Professionals OnlyThe Financial Conduct Authority (FCA)-regulated YCM-Invest provides prop trading services exclusively to professional traders. It mainly generates revenue from spreads and commissions charged to traders on its platform through brokerage services.“Since 2008, YCM-Invest Ltd has operated a matched principal business model, ensuring that its interests align with those of its clients,” the Companies House filing stated. “At the core of YCM-Invest Ltd’s strategy is its role as a service-based business that does not take market risk. As a consolidator of liquidity, YCM-Invest Ltd reduces one of the key risks it faces by offering connectivity to a wide range of liquidity providers rather than relying on a limited selection.” This article was written by Arnab Shome at www.financemagnates.com.

The $5,000 Mark: Gold is Eclipsing Earnings This JanuaryThe narrative of 2025 was dominated by "AI at any price." But as the Q4 earnings season kicks into gear this January, that narrative has hit a wall of reality. While 81% of S&P 500 firms have beaten profit expectations so far, investors are delivering the worst share-price reactions on record, a scenario that underscores a deep-seated uncertainty over 2026 valuations even amidst the relief rally seen following the de-escalation of trade tensions in Davos.Tech has underperformed so far this month, with the broader market slipping as investors confront the gap between long-term AI narratives and near-term fiscal pressure.Normally, this would trigger a rotation into bonds. But with the Federal Reserve facing renewed pressure over its independence and tariff threats stoking inflation worries, the bond market is no longer the sanctuary it once was. Capital wants safety, but it also wants performance. In 2026, that outlet increasingly appears to be gold. Investors are moving beyond pure defensive positioning and focusing on value preservation. After holding near record highs through much of 2025, gold has carried that momentum into the new year, just reaching a staggering $4,930 and reinforcing its role as both a stabiliser and a leader in relative performance.Watching the S&P-to-Gold RatioOne way to understand this shift is through the S&P-to-Gold ratio, which tells a story of equity dominance and might act as an early indicator.For much of the past five years, this ratio reflects optimism in the equity market. However, it is flashing a warning recently. The ratio has fallen to approximately 1.4, its lowest level in five years, marking a clear change in market leadership. As noted in our recent thought leadership analysis, the dropping ratio signals a gradual shift away from "growth at any cost" toward a market that prioritises momentum, resilience, and protection against policy uncertainty. In that environment, gold stands out as one of the few assets offering both stability and directional conviction.Is the January Effect Still a Thing?Historically, gold has looked to the first quarter of the year with a sense of seasonal optimism. This "January Effect", a period where institutional rebalancing and lunar new year demand often push bullion higher, has been providing a tailwind during this period. Under normal conditions, gold's performance during earnings season follows a familiar pattern shaped by the earnings–dollar–gold relationship.Typically, strong earnings and a firm dollar cap gold's upside. But 2026 is proving different.Even as the dollar remained resilient, gold surged to a historic peak of over $4,900 on January 22, driven by geopolitical friction over Greenland and the subsequent tariff threats against NATO allies. While equities have rebounded today following President Trump's pause on those specific tariffs, gold has refused to surrender its gains, consolidating firmly above the $4,840 level.Gold is no longer responding only after markets break. It has evolved from a reactive safe haven into a proactive momentum asset of potentiality.A New Rulebook for a New EraThe old rulebook said that when the VIX (the fear index) rises, investors and traders flock to gold as a safe haven. The new rulebook suggests something else: capital is moving into gold because it is where relative strength and liquidity now converge.With major institutions like Goldman Sachs now raising their end-of-year targets to $5,400, the ceiling is being redefined in real-time.While the January Effect may still be helping, the real story is that gold has stopped waiting for the dollar to weaken or merely absorbing shockwaves. It is defining where capital chooses to go next. This article was written by FM Contributors at www.financemagnates.com.

Totality (formerly Saxo Australia) today (Friday) named Rasmus Korfits as its new Chief Executive, taking over the top role following a change in the company’s majority ownership. The appointment was an internal promotion, as he has worked with the broker for more than seven years.Succeeding a Long-Running ExecutiveKorfits succeeded Adam Smith, who served as the company’s CEO for almost seven years and oversaw its transition from Saxo Australia to Totality. He has now departed the business, Totality confirmed to FinanceMagnates.com.Johannesburg-based DMA, a technology provider for financial advisers and wealth managers, acquired a majority stake in Saxo Australia. DMA took 80.1 per cent of the Australian business, while Denmark-based Saxo Bank retained a 19.9 per cent holding.The sale came as Saxo reviewed its strategy in the Asia-Pacific region to support growth, while DMA prepared to launch its services in the Australian market.Following the controlling ownership change, Saxo Australia was rebranded as Totality last August.A New Direction for the Broker?Before taking over as CEO, Korfits was an Executive Director at Totality, serving as Head of Legal and Company Secretary.Under his leadership, the broker aims to strengthen its position as a technology-first partner to institutional clients, including financial advisers, asset managers, and professional investors.It also plans to advance an institutional-led strategy focused on scaling client capability through end-to-end market infrastructure, including execution, custody, and post-trade services, designed to improve institutional operations.“Having helped build this business for more than seven years, I’m focused on accelerating our next stage of growth—expanding our institutional footprint and continuing to invest in an all-in-one platform that gives clients a clear view of their wealth across personal and SMSF accounts,” Korfits wrote in a statement.Meanwhile, the Australian contracts for differences (CFDs) market appears to be very concentrated. The local regulator recently revealed that only five brokers, topped by eToro, capture 79 per cent of total Aussie CFD traders.The Aussie regulator also found lapses in mandatory obligations and rules in the brokers' operations and forced them to return almost AU$40 million to affected traders. This article was written by Arnab Shome at www.financemagnates.com.

Tradeify has signed a long-term partnership with UFC legend Israel Adesanya as the prop firm steps up its global marketing efforts ahead of the fighter’s return to the octagon. The deal ties Adesanya’s comeback bout in Seattle to the next phase of Tradeify’s brand campaign, which links elite sports performance with decision making in financial markets.Hyped to join forces with @Tradeify for the next instalment of their #TheChampionMindset series ?Success and failure come down to one thing: adapting to whatever comes your way. The same mindset separates great traders from the rest.Stay sharp. Stay disciplined. Stay… pic.twitter.com/Q9VC7zwY5E— Israel Adesanya (@stylebender) January 22, 2026Tradeify Announces Long-Term Adesanya DealTradeify announced on Thursday that Israel Adesanya, a two-time UFC middleweight champion, has joined the firm as its new Global Brand Ambassador. The announcement comes ahead of Adesanya’s scheduled return fight against Joe Pyfer at UFC Seattle on March 28.Adesanya, widely regarded as one of the UFC’s most technical and tactically aware fighters, fits the campaign’s focus on intelligence and adaptability. His nickname “Stylebender” reflects a fighting style built on reading opponents, adjusting strategy in real time, and making split-second decisions under pressure.You may also find interesting: "Gamified Features in the Evaluation Stages": Arizet Launches Trading Platform for Prop FirmsTradeify draws a parallel between those attributes and the mindset that active traders aim to apply when they respond to fast-moving markets.MMA Activations and International ReachThe partnership gives Tradeify access to Adesanya’s international fan base, including in key growth markets such as North America. The company plans a series of MMA-themed activations around the deal, starting with an exclusive giveaway ahead of the March 28 bout against Joe Pyfer in Seattle. Tradeify links the campaign to its wider goal of making trading more accessible and engaging for a broader retail audience.Late last year, the company announced a partnership with Luke Littler, the 2026 PDC World Darts Champion. The two deals indicate an emerging strategy to align the platform with high-profile athletes across multiple sports, rather than relying on a single marquee name.Elsewhere, FundingTicks, a proprietary trading platform, recently announced plans to wind down its operations. The firm described the move as part of a strategic effort to reallocate resources toward initiatives that offer greater long-term value to its clients and business partners. The decision follows controversy in December 2025, when FundingTicks faced backlash over retroactive changes to its trading rules. The updates introduced a one-minute minimum hold time for scalping trades, increased daily profit targets, and lowered profit splits, drawing criticism from traders on the platform. This article was written by Jared Kirui at www.financemagnates.com.

Spotware reported a 105% year-on-year surge in live USD trading volume on its cTrader platform in 2025, as the number of traders using the platform climbed above 11 million. The trading technology provider also broadened its product stack beyond cTrader by rolling out a liquidity bridge, expanding its marketplace and embedding AI across core operations. It onboarded 104 new clients, strengthening its footprint among brokers and prop firms.Volumes Double as Traders and Clients IncreaseA key milestone in 2025 was the market rollout of cBridge, Spotware’s liquidity bridge solution for brokers. The product reportedly focuses on cost efficiency by eliminating volume-based fees and hidden charges, which can weigh on brokerage operating costs.“We clearly demonstrated to the industry that we have evolved beyond a single-product platform developer, expanding our product offering through the introduction of cBridge and the rapid growth of cTrader Store,” commented Ilia Iarovitcyn, the CEO of Spotware.Related: cTrader Mobile 5.6 Updates Tools for Retail Traders as Market Set to Hit $133B by This Decade“We implemented AI across our core operations, significantly expanding our capabilities and setting a stronger foundation for what comes next. These milestones set a clear direction for 2026—and we will take it further.”Spotware also leaned on cTrader Store as a growth engine in 2025. The marketplace averaged about 700 installs per day and recorded a sixfold increase in purchases during the year, pointing to rising demand for plugins, indicators and automated strategies.cTrader Leads, a related service, reportedly generated up to 10,000 daily visits, directing traders to brokers and prop firms at no additional cost.Prop Challenges on cTraderTowards the end of last year, Spotware introduced a dedicated section for prop firm challenges on the cTrader Store. The feature creates a structured hub where traders can browse, review, and compare different challenges and trading conditions offered by various firms.In client support, Spotware implemented an AI-driven automation system connected to its internal knowledge base. The tool reportedly analyses incoming trader enquiries and generates responses automatically, resolving around 60% of requests within an average of three minutes.According to the report, broker support response times improved by 33%, indicating that AI reduced handling times for institutional partners as well as retail traders. This article was written by Jared Kirui at www.financemagnates.com.

Saxo Bank said on LinkedIn today (Thursday) that it marked the last working day of Thomas Dam, Director for Nordic VIPs and Ultra-High Net Worth Clients. Dam had been with the company for 32 years and was its second employee. He joined when Saxo was “only a small team,” the post said. For context, when Dam started in 1993, gold traded around $360 per ounce. Today, gold is over $4,800 per ounce, reflecting the changes in global markets over the span of his career.From First Client to Trillion AssetsDam joined the firm in June 1993 and remained there until January 2026. His roles included Senior Manager, Institutional, Regional Head of Nordic and Key Accounts, Head of Relationship Management, and later Director for Nordic VIPs and Ultra-High Net Worth Clients.Dam said that after 32 years the firm had become “more than a workplace.” He described it as “part of your identity” and said it was a place where “relationships, trust and humanity” mattered alongside “numbers, strategies, processes and results.”Saxo said Dam followed the firm’s development from its early years to its current global structure. The company stated that he was present “from welcoming our very first client” through to “reaching DKK 1 trillion in client assets.”Bank Reports Growth, Targets Younger InvestorsIn December last year, Saxo Bank reported it serves 1.5 million clients. The bank has expanded its professional and international offerings. In France, it launched PartnerConnect, a platform for independent asset managers and advisers, providing portfolio management, digital onboarding, automated processes, and client reporting, while allowing end-clients to onboard online and access over 70,000 cash and margin products through a licensed Danish subsidiary. In the UK, Saxo joined the Platforms Association and increased operations, with younger investors and women accounting for larger shares of new clients. This article was written by Tareq Sikder at www.financemagnates.com.

Cyprus’ securities regulator has withdrawn the Cyprus Investment Firm license of HTFX (EU) Ltd after the company chose to walk away from the regime. CySEC Confirms Withdrawal DecisionAccording to the watchdog, the move formalizes the broker’s decision to renounce its authorization and ends its status as a CySEC-supervised CIF under the licensing.With the CIF authorization withdrawn, HTFX can no longer offer investment services or perform investment activities in or from Cyprus under that license.You may also find interesting: Cyprus Regulator Proposes Higher CIF Licensing Costs, Plans to Drop Crypto Fee Under MiCAThe firm must now follow any remaining obligations under the law and relevant directives, including client notifications and any wind-down steps linked to its former regulated activities.Barely two weeks ago, CySEC proposed to increase the cost of doing investment business on the island. The regulator proposed higher application and annual fees for Cyprus Investment Firms, foreign branches and market operators, and wants to introduce new charges covering material change notifications and algorithmic trading activity.Proposed Higher CIF Licensing CostsThe consultation outlined a new fee grid that more closely links charges to firms’ size, business model and turnover. The draft also scraps some outdated items, including a separate crypto‑services approval fee that is now effectively superseded by the EU’s MiCA regime. Under the proposal, the cost of securing a CIF license would rise significantly. The current flat €7,000 fee for investment services would be replaced with a structure that charges €8,000 per investment service in most cases and €15,000 where the firm deals on own account, while the fee for services related to operating an MTF or OTF would go up to €30,000 from €25,000.HTFX joins a growing list of brokers that relinquished their CySEC licenses over the past year, underscoring a continuing reshuffle in Cyprus’ investment firm landscape. Several FX and CFD providers, including Alvexo operator VPR Safe Financial Group, BDSwiss’ B2B unit Viverno Markets, Royal Forex and investment firm Globia Wealth, have opted to step away from the regime by voluntarily renouncing or having their CIF authorizations withdrawn. This article was written by Jared Kirui at www.financemagnates.com.

Most of today’s modern commerce is facilitated by three underlying layers, namely shipping routes, digitized marketplaces, and settlement platforms. In fact, they are usually the sole focus of attention when people discuss any type of digital commercial architecture. Yet equally consequential are the foundational processes that underpin every cross-border transaction, i.e., how data is gathered, verified, and acted upon; how compliance is assured; how ownership is represented; and how final settlement and reporting are achieved. At its most elemental level, the trade stack begins with data ingestion, where disparate systems collect raw information on goods, counterparties, and compliance requirements. As an illustration, within most traditional settings, data typically arrives as PDFs, legacy EDI messages, or even faxed documentation, necessitating extensive human intervention and error-prone manual reconciliation. The ensuing phase, i.e., verification, therefore demands cross-checking of fields, counterparties, tariffs, and compliance flags against evolving regulatory requirements. This burden is compounded when transactions span multiple jurisdictions with differing standards for customs, anti-money-laundering checks, and Know Your Customer (KYC) procedures.Once verified, transactions must pass through compliance checks before they can be recorded against a consistent identifier system. Here again, unique asset or entity identifiers are critical to ensure that every participant, location, and asset class is referenced precisely because, without reliable identifiers, downstream processes (such as custody, settlement, and reporting) can become fraught with ambiguity. An emerging paradigm, driven entirely by AITo modernize this entire tech stack, artificial intelligence (AI) has been deployed, automating labor-intensive tasks such as risk screening, document standardization, and anomaly detection. By parsing unstructured trade documents and correlating them with compliance databases, AI can significantly reduce the time and effort required to validate trade data, cutting compliance backlogs by up to 40% in early implementations.In parallel, blockchain and Web3 technologies have helped establish a shared truth that is immutable and transparent across parties. Distributed ledgers enable canonical audit trails that cannot be altered retrospectively which when combined with programmable workflows, smart contracts can trigger settlement events automatically once predefined conditions are met, reducing reliance on manual triggers and settlement cycles that, in conventional finance, can span days or weeks.The significance of all of this is underscored by the fact that the tokenized trade finance assets market has already reached a net valuation of $3.9 billion (2024). These numbers are further reinforced by projections indicating that the broader asset tokenization market could reach trillions of dollars by the end of the decade, driven largely by demand for liquidity, transparent ownership records, and programmable settlement.Recognizing operational friction as the real barrier to scalable trade. While the rhetoric around digital trade often tends to center on ideology, especially aspects like decentralization, tokenization, and the promise of trustless systems, the more pressing barrier to widespread modernization is operational friction itself. This is because global trade is forged using a tapestry of counterparties, regulatory regimes, shipping networks, and financing relationships, with each of these nodes introducing points of delay, verification burden, or contractual ambiguity.This is the context in which SAGINT has primed itself as a forerunner, offering up a framework that reduces friction and increases trust across global value chains. Via the use of a suite of modular services, SAGINT OS facilitates the tokenization of physical assets (including commodities, and natural resources) onto permissioned blockchain networks.The platform embeds asset ownership, compliance data, and valuation metadata into digital tokens, rendering them traceable and auditable across their lifecycle. All of this is carried out under the umbrella of different cryptographic techniques (such as ZKPs) that align privacy requirements with local regulatory compliance.Similarly, issues related to ‘lifecycle orchestration’ are managed through AI tools, ensuring real-time data continuity from asset issuance to trading and settlement. This is especially important when it comes to multilateral trade processes that have historically been plagued by reconciliation mismatches, while smart contracts automate execution when conditions are met.The real world effects of this infrastructure have already started to become visible as SAGINT recently partnered with the Sui Foundation to host tokenized, traceable digital assets for critical minerals on the latter’s high-performance blockchain, enabling end-to-end provenance from mine origin through refining and delivery. Unlocking scale at a rapid yet sustainable levelThe narrative that technology alone stands to transform global trade had taken root years before any sort of practical implementation had become viable. That said, what has become increasingly clear is that technology needs to continue to reduce friction in measurable ways, something that SAGINT’s approach reflects clearly. By focusing on infrastructure that accounts for compliance, identity, custody, settlement, and reporting as integrated processes, the barriers of manual reconciliation and siloed systems are addressed at their roots, an aspect that goes beyond mere digitization or asset tokenization.Thus, for anyone tracking the evolution of trade technology, the lesson is fairly straightforward, i.e., operational efficiency is the vector along which innovation will scale. Ideology may guide design philosophy, but performance, measured in reduced settlement times, transparent audit trails, and compliant cross-border transfers, will determine adoption.Within this environment, platforms like SAGINT (that are bridging AI automation with Web3’s promise of shared truth) are not just gamechangers but rather enablers of the next era of global commerce where trust is embedded into the fabric of every trade operation. Interesting times ahead! This article was written by FM Contributors at www.financemagnates.com.

Choosing a white label crypto exchange solution is no longer just about having a trading UI. To operate reliably (and credibly), you typically need exchange infrastructure (matching engine + order routing), wallets/custody, KYC/AML onboarding tools, liquidity connections, and the operational controls (admin, risk, permissions, reporting) that let you run the business day to day.That’s why many fintechs, brokers, and startups choose a white label crypto exchange provider, a ready-to-deploy exchange stack you can brand as your own rather than building everything from scratch.This guide compares five widely discussed options for 2026: Shift Markets, AlphaPoint, PayBito, and SimplifyLabs.io, focusing on what matters most for real-world launches: speed to market, exchange core features, liquidity options, compliance tooling, integrations, and operational fit. Provider capabilities and availability can vary by jurisdiction and implementation, so treat this as a shortlist and validate details through demos, documentation, and contractual terms.What is a white label crypto exchange provider?A white label crypto exchange provider supplies the core software and infrastructure needed to run a crypto exchange typically as a branded solution you can customize so you don’t need to build a matching engine, wallets, user management, and back office from zero. White label offerings vary, but often include:Exchange core: matching engine, order book, order types, routing, trade historyFront end & apps: branded web UI (and sometimes mobile apps)Back office: admin panel, user permissions, risk controls, reporting, audit logsCompliance tooling: KYC/AML integrations, monitoring, flags, and workflowsWallets/custody: hosted wallets or integrations with custody providersLiquidity options: connectivity to liquidity sources or market making toolingPayments/on-ramps: fiat rails and PSP integrations (where available)Because crypto is a regulated and high-risk market, the “best” provider is usually the one that matches your operating model and jurisdictional requirements, not the one with the longest feature list.How we evaluated white label crypto exchange providersWhite label exchange offerings can look similar on the surface, but the differences show up in operational readiness: execution quality, liquidity access, compliance tooling, security controls, and how “complete” the stack is (exchange core + wallets + admin + integrations).For this guide, we evaluate each provider across seven areas:Exchange core & scalability: Does the solution provide a production-grade exchange stack (matching engine, order book, order types, uptime/SLA expectations, and back-office controls) appropriate for the target audience (retail, institutional, or both)? Many providers market “rapid deployment” and modularity AlphaPoint and Shift Markets, for example, position their offerings as white-label exchange software stacks geared for launch and scaling.Liquidity options & market depth: Launching an exchange without credible liquidity usually leads to poor spreads, slippage, and low user trust. We look at whether providers offer liquidity connectivity or “liquidity hub / market making” style options as part of the ecosystem. Shift Markets and SimplifyLabs, for instance, explicitly position liquidity-related components in their product messaging.Wallets/custody & asset operations: We consider how the provider approaches wallets (custodial setup, hot/cold segregation messaging, operational security, withdrawals rules, admin permissions). PayBitoPro highlights multi-wallet structure and security features in its white-label exchange materials.Compliance readiness (KYC/AML + Travel Rule awareness): Crypto exchanges often fall under VASP obligations depending on jurisdiction. We evaluate whether the provider supports KYC/AML workflows and whether “Travel Rule” requirements are acknowledged in product messaging (when applicable). FATF updates around Recommendation 16 (“Travel Rule”) highlight the expectation of collecting/transmitting information to improve payment transparency.Fiat rails & payments (where relevant): If your model requires fiat deposits/withdrawals, we factor in whether the provider supports payment integrations or positions fiat connectivity as part of the solution (not always available in every region). AlphaPoint references payment integration as a modular capability, and SimplifyLabs positions crypto-fiat exchange tooling in its offering.Integrations & APIs: We assess how easy it is to connect analytics, CRM, affiliates/IB, risk tools, liquidity venues, and compliance vendors. “All-in-one platform” models may reduce integration needs by packaging modules, while other providers lean into modular builds.Business fit (time-to-launch, customization, and total cost of ownership): We look at how the provider positions deployment time, customization depth, and ongoing operational support.Important: This is not legal advice. Compliance requirements and product availability vary by jurisdiction, entity, and client type. Always validate with your legal/compliance advisors and through provider documentation/contracts.Best White Label Crypto Exchange ProvidersShift MarketsShift Markets positions its Shift Platform as a modular white label crypto exchange stack built for both retail and institutional use. The platform emphasizes front-end customization, API-first flexibility, and an operator-grade back office designed for teams that need control, scalability, and fast deployment.From a “build vs buy” standpoint, Shift Markets targets operators that want to scale beyond a basic spot venue. In addition to spot trading, the wider suite includes crypto derivatives trading (a core part of the offering), market making and liquidity tools, a digital asset ledger, CryptoPay (crypto payments), and regulatory services to support launches across different jurisdictions.What stands out (and why it matters)A practical differentiator is the operator tooling. Shift Markets highlights a back office built for venue control, covering user management, liquidity oversight, real-time monitoring, and configurable permissions for different operational roles.It also positions the platform as especially broker-friendly, including recent integrations with FX infrastructure, which helps reduce setup friction and makes it easier for brokers to connect existing systems and workflows into a crypto venue.On the integration side, Shift Markets stresses that its front-end components are API-based, which typically matters for teams that want to connect third-party tools, build custom workflows, or plug into existing fintech systems. The company also maintains a public client SDK that references access to functions such as market data, trading, KYC, and deposits/withdrawals for exchanges running on its technology.Shift Markets featuresWhite label crypto exchange with customizable interface and modular deployment optionsBack office suite emphasizing real-time monitoring, liquidity controls, and role-based permissionsSpot + crypto derivatives trading as part of the platform offeringMarket making and liquidity support to improve market depth and pricing qualityDigital asset ledger for core exchange operationsCryptoPay for crypto payment functionality24/7 support for live venue operationsCompliance and regulatory support to help with licensing and ongoing compliance requirements across many jurisdictions (legal/compliance guidance as part of the go-to-market process)AlphaPointAlphaPoint is positioned as an enterprise-grade white label cryptocurrency exchange software provider, aimed at teams that need a full-stack venue with strong emphasis on security, compliance readiness, and operational controls. On its site, AlphaPoint highlights scalable infrastructure “trusted by 150+ platforms worldwide,” alongside built-in KYC/AML tooling and wallet safeguards.A useful way to think about AlphaPoint is that it’s designed for operators who want an exchange that can feel “institutional” from day one especially around risk controls, permissions, and the components that support regulated or compliance-heavy environments.What stands out (and why it matters)AlphaPoint’s product pages put a lot of weight on multi-layer security architecture, real-time risk management, and integrated compliance tools (including KYC/AML and 2FA), plus custody/settlement components as part of the exchange stack.Another differentiator is liquidity tooling. AlphaPoint markets a built-in liquidity component (“Remarketer Liquidity Software”) that aims to support trading activity through liquidity sourced from major exchanges, with configurable pricing logic and FX conversion support.For teams considering expansion beyond spot, AlphaPoint has also publicly announced turnkey technology for perpetual futures infrastructure, positioned around liquidity, risk monitoring, and advanced order types important if your roadmap includes derivatives (where permitted).AlphaPoint featuresWhite label exchange software positioned for scalable, high-volume venues.Compliance & security focus, including built-in KYC/AML tooling, 2FA, wallet safeguards, and risk management positioning.Liquidity tooling (marketed as built-in liquidity from major exchanges with customizable pricing logic).Modular architecture (marketed as configurable components rather than a single fixed product).Compliance integrations in practice: third-party compliance vendors have published examples of integrating KYC/KYB, AML monitoring, and fraud prevention into AlphaPoint deployments.PayBito (PayBitoPro)PayBitoPro is marketed as a white label cryptocurrency exchange and broader “crypto business ownership” platform, positioned for teams that want a packaged launch path with multiple exchange-type modules under one roof (spot, convert, OTC, and more, depending on plan).A key theme in PayBitoPro’s messaging is speed and breadth: the platform presents itself as something you can deploy quickly and then expand with add-ons (e.g., futures/options, P2P, copy trading, NFT marketplace, merchant payments) as your product matures.What stands out (and why it matters)PayBitoPro’s standout is the menu of business models it claims to support. Its pricing page lists modules such as Spot Trading, Convert, OTC, plus additional products like Futures, Options, Copy Trade Marketplace, P2P Market, a Web3 DEX wallet for private key ownership, and other “crypto business” components (e.g., merchant payments, tokenization/NFT marketplace) depending on tier.It’s also distributed via channels like AWS Marketplace, where the listing describes a trading platform including features such as copy/social trading and “500+ crypto markets,” alongside other business modules (brokerage, custody, merchant payments, tokenization).PayBitoPro featuresWhite label exchange positioning for launching a branded crypto exchange.Plan-based feature tiers (Basic/Standard/Pro/Mega style framing) with a broad module list.Multiple exchange formats presented across the ecosystem (e.g., spot/convert/OTC , plus P2P offered as a separate white-label product).Optional “open-source crypto kit” messaging (positioned as a way to host markets/coins on your own domain). Treat this as something to validate carefully in scope and licensing.SimplifyLabs.ioSimplifyLabs.io positions itself as a provider of white-label crypto exchange solutions built around a “ready-to-use crypto-fiat exchange” model, where you can brand the platform and operate with strong administrative oversight. Its exchange offering is marketed to cover core user flows (buy/sell/swap/convert/store), plus operational controls for monitoring transactions.A notable part of SimplifyLabs’ positioning is that the exchange stack is presented alongside adjacent products that often matter to operators such as a Liquidity Hub, OTC platform, crypto payment gateway, and crypto cards which can be relevant if your roadmap goes beyond a simple spot exchange.What stands out (and why it matters)SimplifyLabs explicitly emphasizes KYC/AML procedures as part of its white-label exchange messaging, which is a critical requirement for many exchange models depending on jurisdiction and license type.It also markets a Liquidity Hub offering important because early-stage exchanges often struggle with spreads and market depth. In practice, “liquidity hub” can mean very different implementations, but SimplifyLabs clearly puts liquidity tooling at the center of its go-to-market story.Finally, SimplifyLabs heavily references fiat convenience in its messaging (e.g., Visa/MasterCard integration) and “crypto-fiat exchange” framing, which can be useful if your audience needs card-based onramps but this is always jurisdiction/PSP dependent and should be validated early.SimplifyLabs.io featuresWhite label crypto exchange positioned as a branded crypto-fiat exchange with user trading flows (buy/sell/swap/convert) and admin oversight.Compliance messaging: highlights AML + KYC procedures as part of the offering.Liquidity Hub product positioned to support liquidity provisioning.Adjacent modules marketed for exchange operators (OTC platform, crypto payment gateway, and crypto cards).Regulatory angle (EU): publishes MiCA-focused content and positions support around MiCA compliance integration for license holders (claims should be validated against your exact regulatory obligations).HollaEx®HollaEx® is positioned as a white-label crypto exchange solution built around an open-source exchange kit. The core idea is that you can launch a branded exchange using HollaEx’s tooling and then customize the stack as your needs evolve.What stands out (and why it matters)The main differentiator is the open-source foundation. HollaEx maintains an Exchange Kit on GitHub and documentation that covers setup and operation, which can be attractive if you want more transparency and developer control than a fully closed platform.HollaEx also markets fast deployment for its white-label services (you should treat timelines as estimates and confirm delivery scope in a statement of work).HollaEx® featuresWhite-label exchange: positioning with a configurable market/asset setup.Open-source Exchange Kit: (GitHub) with components covering exchange/trading, user management, onboarding, and wallet system (as described in the repository).Documentation: for platform features and implementation workflows.Self-hosted vs cloud-style paths: are referenced across product and ecosystem listings (validate what’s included in your chosen model).Side-by-side comparison tableNote: This table reflects how each provider markets its white-label offering. Always validate what’s included (and what’s optional) through a demo, documentation, and contract/SLA.ConclusionChoosing a white label crypto exchange provider in 2026 is mainly about aligning the platform with your operating model, compliance requirements, and go-to-market priorities, not just comparing feature lists. Providers can differ meaningfully in how they approach exchange infrastructure, liquidity connectivity, wallet/custody setup, integrations, and the level of customization you can realistically achieve during implementation.Before you commit, focus on the elements that most directly impact user trust and day-to-day operations:Execution and reliability: ensure the exchange core supports your expected volumes and offers the controls you need to manage markets, fees, and risk.Liquidity reality (not just claims): validate depth, spreads, uptime, and responsibilities through a demo or pilot, and make liquidity expectations explicit in contractual terms.Compliance readiness: confirm how KYC/AML workflows are handled, what is configurable, and what remains your responsibility as the operator. In many jurisdictions, exchanges may fall under VASP obligations and related requirements.Wallet/custody and security controls: review permissioning, withdrawal governance, audit logs, and available security assurance (e.g., testing and incident processes).Integrations and future expansion: assess API coverage and how easily you can add vendors (payments, compliance, analytics, CRM) or extend to new products without major re-platforming.Ultimately, the right provider is the one that you can operate confidently with clear responsibilities, verifiable security and compliance processes, and a delivery plan that matches your timeline and resources.FAQsWhat is a white label crypto exchange provider?A white label crypto exchange provider supplies an exchange platform you can brand as your own, usually covering the trading interface, back office tools, and core exchange infrastructure so you don’t have to build everything from scratch. The exact scope varies by vendor (some are exchange-first stacks, others are broader “platform” offerings).How long does it take to launch a white label crypto exchange?Timelines depend on customization, compliance setup, banking/payment rails, and the number of integrations. Some providers market launch timelines in weeks (enterprise deployments) while others frame it as a few months for typical implementations. Treat timelines as estimates and confirm delivery milestones in a statement of work (SOW).Do I need a license to operate a crypto exchange?In many jurisdictions, running a crypto exchange can fall under virtual asset service provider (VASP) requirements, but rules vary widely by country, product type (spot vs derivatives), and target clients. FATF guidance encourages jurisdictions to regulate and supervise VASPs under a risk-based approach so you should validate requirements with qualified legal/compliance advisors in your intended markets.What is the “Travel Rule” and does it apply to crypto exchanges?The “Travel Rule” is FATF’s Recommendation 16 in the context of virtual assets. FATF has updated standards and published materials to improve payment transparency and implementation/supervision related to Travel Rule obligations, which can impact how VASPs collect and transmit originator/beneficiary information for certain transfers. Applicability depends on local implementation and thresholds.Do white label providers handle KYC/AML for me?Some providers market built-in AML/KYC features or KYC/AML modules, while others rely more on integrations with third-party vendors. Either way, the exchange operator typically retains responsibility for compliance outcomes (policies, monitoring, reporting, and oversight), so you should clarify exactly what’s provided vs what you must implement.How do exchanges get liquidity at launch?Liquidity can be sourced through LP connections, aggregation, market-making arrangements, or “liquidity hub” style tooling depending on the provider and your commercial setup. Several vendors explicitly market “immediate liquidity,” “built-in liquidity tools,” or a “liquidity hub,” but you should verify liquidity depth, spreads, uptime, and responsibilities in writing.Can I fully customize the platform and integrate my own tools?It depends on the delivery model. Some solutions emphasize customizable UI/UX and API integration (better for bespoke builds), while others position a more turnkey, “no complex integrations” approach (faster setup, less control). Decide upfront whether you need deep extensibility (APIs, custom workflows) or speed-to-market with standard modules.What are the biggest costs to plan for (beyond the platform fee)?Most projects underestimate the “operating” costs: hosting/infra, compliance vendors, monitoring tools, customer support, security reviews, liquidity/market making, and ongoing feature work. Also factor in legal/compliance setup per jurisdiction, plus banking/PSP onboarding (often the longest lead time).What security due diligence should I do before signing?Ask for security documentation and operational proof points: role-based access controls, admin audit logs, wallet governance (withdrawal approvals), incident response process, and any available testing summaries (e.g., penetration testing). Also confirm how the provider handles upgrades, vulnerability management, and access to production environments.Can I add more products later (OTC, cards, payments, derivatives)?Many vendors market add-on modules (e.g., OTC, payments, cards, or derivatives), but availability is often jurisdiction-dependent and may require additional vendors, approvals, and operational readiness. Treat “module lists” as a roadmap not a guarantee and validate what’s production-ready for your target countries/entities. This article was written by Finance Magnates Staff at www.financemagnates.com.

Nomura’s crypto arm Laser Digital has rolled out a new tokenized Bitcoin fund that targets yield on top of spot price performance, stepping up competition in institutional crypto products. The strategy aims to turn long-term Bitcoin holdings into an income-generating position by combining core exposure with actively managed, market-neutral trades.Dubbed Bitcoin Diversified Yield Fund SP (BDYF), the new offering is an upgrade to the firm's Bitcoin Adoption Fund introduced in 2023, before the arrival of spot Bitcoin ETFs.Laser Digital Asset Management has launched the upgraded Laser Digital Bitcoin Diversified Yield Fund SP (BDYF) - a tokenised Bitcoin-based fund for institutional and eligible accredited investorsNatively tokenised, with @KAIO_xyz as exclusive tokenisation provider and…— Laser Digital (@LaserDigital_) January 22, 2026The earlier vehicle offered straightforward directional exposure, while the new fund seeks to add an income layer to the same underlying asset.Laser Digital Upgrades Bitcoin OfferingThe firm positions BDYF as a long-term, long-only Bitcoin fund that also deploys diversified market-neutral strategies to generate yield as a stream of income.Laser Digital describes the launch as a response to rising demand from institutions for tokenized, yield-driven structures rather than simple “vanilla” BTC products.You may also like: Nomura Taps OpenAI to Create AI-Driven Investment Advice and Market Insights“Recent market volatility has shown that yield-bearing, market neutral funds built on calculated DeFi strategies are the natural evolution of crypto asset management,” commented Jez Mohideen, Co-founder and CEO of Laser Digital.“As an early entrant to this space, the launch of Laser Digital’s upgraded Bitcoin fund allows us to maintain our position and capitalize on the next phase of DeFi, while servicing the needs of Bitcoin holders as well as existing and new institutional investors entering the market.” The Bitcoin Diversified Yield Fund targets “excess returns” over and above Bitcoin’s price by monetizing carry-like opportunities in digital asset markets.Tokenization platform Kaio will serve as the exclusive provider for the structure, while crypto custody firm Komainu will act as the main custodian, reflecting Laser Digital’s focus on using regulated, institutional-grade service providers.Management: ‘Natural Evolution’ of Crypto FundsLaser Digital’s executives link the product directly to recent volatility and the development of decentralized finance strategies.BDYF is open only to certain accredited investors in eligible non-US jurisdictions, with a minimum subscription of 250,000 US dollars, payable in USD or the Bitcoin equivalent.Laat year, Nomura announced plans to launch the first exchange-traded funds to be cross-listed between Japan and Taiwan. The products aim to give Japanese investors access to Taiwanese assets and Taiwanese investors can access Japanese assets. ​Additionally, the cross-listings also sought to expand diversification options for investors and strengthening financial links between the two regional hubs. This article was written by Jared Kirui at www.financemagnates.com.

Sam Steele has joined Rostro Group as Group Chief Strategy Officer; he announced on LinkedIn today (Thursday).The appointment follows the hiring of Kate Mason-Keaney as Chief People and Organization Officer and the promotion of Pavel Spirin to Group Chief Growth Officer, as the four-year-old financial services holding firm prepares for what it calls “aggressive growth.”The moves come as Rostro seeks to expand beyond traditional brokerage operations. The group owns the retail broker Scope, previously known as Scope Markets, and has been building businesses in digital assets, investment services, and payments. Company executives say the diversified structure helps cushion the impact when individual market segments slow down.Steele Moves from Scope To RostroSteele most recently served as Chief Investment Officer at Scope Prime, Rostro’s institutional division, for four years. ROSTRO acquired Scope in 2022. Prior to that, he spent five years as Senior Business Development Manager at TradeTech Alpha.Earlier in his career, Steele held trading roles at UK-based firms. He was a Senior Sales Trader at Gain Capital Group for just over four years and an Equity Sales Trader at City Index for five and a half years.Rostro Targets Gulf Expansion with LicenseRostro has obtained a Category 5 license from the UAE Securities and Commodities Authority. The approval allows the Dubai-based firm to expand brokerage and trading services across the UAE and Gulf region.Founded in 2021, Rostro operates multiple brokerage and fintech brands. With the license, it can offer more than 60 regional contracts for difference on equities and proprietary indices tracking Dubai and Abu Dhabi markets.The group has established local banking relationships and is positioning Scope Prime to provide multi-asset prime brokerage services to institutional clients across the Gulf Cooperation Council. Scope Markets will offer retail accounts in multiple base currencies, including UAE dirham and US dollar.Rostro has also expanded its institutional offerings, launching prime services for crypto CFDs and creating a futures and options division under Saul Knapp, with plans for direct market access through order management system providers. This article was written by Tareq Sikder at www.financemagnates.com.

The Belgian Financial Services and Markets Authority has published its dashboard for the second half of 2025, showing an increase in consumer fraud and losses. The report highlights evolving fraud methods, financial damage, and measures taken by the FSMA to protect investors.Belgian Fraud Reports Surge, Crypto DominatesBelgian consumers submitted 2,911 reports of unlawful activity in 2025, an 11% rise compared with 2024. Since 2017, fraud reports have grown by nearly 20% per year on average. Cryptocurrency-related scams and fraudulent trading platforms were the most common, accounting for almost half of all cases.€23.4M Lost to Fraudulent InvestmentsReported losses in the second half of 2025 exceeded €23.4 million. More than €10.5 million were lost to fraudulent trading platforms, largely connected to cryptocurrency investments. A new type of WhatsApp scam, offering “exclusive investment tips,” accounted for €9.5 million in losses over six months.WhatsApp “Exclusive Tips” ScamsFraudsters created WhatsApp groups advertised on Facebook and Instagram, impersonating banks or news outlets. Tactics included fake lotteries to steal personal data, “pump and dump” schemes on U.S. stocks, and fraudulent cryptocurrency trading apps.The FSMA received 263 reports of this type of scam. Around 60% of victims had already sent money. The average loss was €73,000, with some losing hundreds of thousands. Most victims were Dutch-speaking men aged 50–69.FSMA Warnings and EnforcementIn 2025, the FSMA issued warnings against 240 fraudulent entities and 316 websites. More than 65% of these were fraudulent trading platforms. The authority also submitted requests to judicial authorities to block access to fraudulent sites.Belgian Authority Uses BAPSThe FSMA advises investors to verify companies and offers through its website and to report suspicious activity using FSMA contact forms. It participates in awareness initiatives, including the “Beware of Fraud” campaign and the Belgian Anti-Phishing Shield. Since May 15, 245 fraudulent sites have been added to BAPS, redirecting 22,973 unique IPs to FSMA warning pages.Fraud in Belgium is growing in both scale and sophistication, particularly via WhatsApp scams targeting older Dutch-speaking investors. The FSMA continues to use warnings, judicial actions, and public awareness campaigns to reduce consumer exposure. This article was written by Tareq Sikder at www.financemagnates.com.