Revolut is expanding the international reach of its digital asset services with the rollout of Revolut X in 30 new countries across Europe. This expansion follows the standalone crypto platform’s launch in the UK in May, where it was designed to cater to both professional and retail crypto traders. Revolut X offers advanced trading features […] Source
“The feedback from experienced traders has been very positive, with many already taking advantage of our near-zero fees, wide range of available assets, and seamless integration with their Revolut accounts,” said Leonid Bashlykoc, head of product at Revolut. Source
Crypto asset manager Bitwise has announced the launch of an Aptos (APT) Staking exchange-traded product (ETP) (APTB) on the SIX Swiss Exchange. According to the press release, the ETP will represent the world’s first Aptos Staking ETP, aiming to enable both institutional and retail investors to engage with the Aptos smart contract platform. Says Bitwise CEO and co-founder Hunter Horsley, “For seven years, Bitwise has been a dedicated partner to investors working to understand and access the opportunities in the new crypto asset class. With the launch of Bitcoin and…
FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with…
According to the filing, in January 2021, Meerun began accumulating a position in BTMX, an illiquid token, eventually holding around half the supply, and helping drive up the price by over 10,000% in three months. He then allegedly exploited a flaw in FTX’s margin trading rules by using his stake as collateral to borrow tens of millions of dollars from the crypto exchange. Source
Switzerland’s SIX has agreed to acquire London-based Aquis Exchange in a cash offer, valuing the deal at an enterprise value of £194 million. Announced today (Monday), the Swiss bourse will pay 727 pence per share in cash to Aquis shareholders, putting the total issued and to-be-issued share capital of the latter at about £207 million. The official announcement further detailed that the offer price provides Aquis shareholders a premium of about 120 percent over the closing price of its shares last Friday. A “Compelling Strategic Opportunity” According to SIX, the…
A Solana (SOL)-based decentralized exchange (DEX) altcoin surged by more than 5x on Friday after South Korea’s largest crypto exchange rolled out trading support for the asset. Traders on the Seoul-based Upbit can now purchase and unload DRIFT, the native asset for the Drift Protocol, an open-source DEX that enables transparent and non-custodial trading. Explains the project’s whitepaper, “Drift was designed with a goal to be capital-efficient but also protective of your assets. We achieved that by setting up sophisticated cross-margined risk engine – a system of tools with an extensive…
The SEC sued Kraken in November 2023 for operating a platform as an unregistered securities exchange, broker, dealer and clearing agency. The SEC said it believes that since at least September 2018, Kraken had made hundreds of millions of dollars unlawfully by facilitating the buying and selling of crypto asset securities. Kraken filed for the case to be dismissed, a motion that was rejected in August. Source
The U.S. election result should improve regulatory clarity for digital assets, with the Securities and Exchange Commission (SEC) and Senate Banking Committee becoming more crypto friendly following Donald Trump’s victory in the presidential race and the Republican party securing control of the Senate, broker Bernstein said in a research report Thursday. Source
Binance co-founder Yi He is pushing back against claims that her crypto trading platform asks for tokens in exchange for listing. Simon Dedic, the chief executive of the crypto investment firm Moonrock Capital, kicked off the argument when he said on the social media platform X last week that he’d recently talked with a “Tier 1 project that raised close to nine figures” and was trying to get listed on Binance. “After wasting over a year of due diligence with Binance, they finally received a listing offer. Binance asked for…