Tag: Trading

Ether more ‘like a memecoin,’ says trading firm as ETH drops 45% YTD

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As Ether’s price has struggled in the first quarter of 2025, a US-based investment adviser firm, Two Prime, has dropped support for ETH and adopted a Bitcoin-only strategy. After lending $1.5 billion in loans both in Bitcoin (BTC) and Ether (ETH) over the past 15 months, Two Prime decided to ditch ETH to focus solely on BTC asset management and lending, the firm announced on May 1. “ETH’s statistical trading behavior, value proposition, and community culture have failed beyond a point that is worth engaging,” Two Primes stated. The firm’s…

Goldman Sachs Expands Into Crypto Trading and Tokenization

Key Notes Goldman Sachs aims to expand its crypto trading operations. The firm is exploring crypto lending and asset tokenization. Expansion plans await regulatory approval from authorities. Goldman Sachs recently announced its intention to strengthen its presence in the crypto ecosystem through initiatives in tokenization and lending. This was revealed by Matthew McDermott, the bank’s global head of Digital Assets, while speaking with CNBC’s Dan Murphy during the TOKEN2049 event in Dubai. McDermott explained that the investment bank is planning to expand its crypto trading operations, while also exploring opportunities…

Coinbase suspends trading for MOVE token

Crypto exchange Coinbase has announced it will suspend trading of Movement Labs’ native token effective May 15. The decision was shared in a May 1 post on X, with Coinbase citing the token’s failure to meet its listing standards. According to CoinMarketCap, the MOVE token declined by 13.6% in the last 24 hours. Coinbase announced: “Trading for MOVE will be suspended on Coinbase, Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime. We have moved our MOVE order books to limit-only mode. Limit orders can be placed and canceled, and…

Morgan Stanley to Launch Crypto Trading via E*Trade in 2026

Key Notes Morgan Stanley plans to launch crypto trading on E*Trade by 2026. The initiative is part of efforts to make crypto accessible to mainstream consumers. The project is in partnership discussions with crypto firms to enable trading. Morgan Stanley is preparing to introduce cryptocurrency trading on its E*Trade brokerage platform. If successful, this move would mark a significant step for a major U.S. financial institution in making crypto assets more accessible to mainstream consumers. The financial services firm plans to list crypto assets on E*Trade in 2026. This initiative…

Solana Policy Institute, Superstate, and Orca Unveil Project Open: A Proposal to Move Equity Trading Onchain

Project Open was presented to the SEC as a pilot program to test the issuance of equity securities on public blockchains. By leveraging the zero settlement times and transparency of these blockchains, Project Open aims to lower the costs of issuance and trading simultaneously. Project Open Presented by Solana Policy Institute, Superstate, and Orca The […] Source CryptoX Portal

Robinhood beats Q1 estimates despite revenue, crypto trading dip

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Trading platform Robinhood has still managed to beat Wall Street estimates as its first-quarter revenues fell and its crypto trading volume cooled from a record high in Q4. Robinhood’s Q1 results shared on April 30 show revenues fell 8.6% from the previous quarter to $927 million, topping Zacks analyst estimates by 3.16%. The company’s crypto revenue plummeted nearly 30% quarter-on-quarter to $252 million from the firm’s record-setting Q4 2024.   The drop could be partly attributed to the Trump administration’s tariffs, which triggered an 18% fall in the crypto market cap…

South Korea to allow trading for spot Bitcoin ETF this year

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South Korea’s People Power Party announced seven major law changes to improve their virtual asset ecosystem. One of them is a plan to launch spot Bitcoin ETF within this year. According to a report by local media Edaily, the People’s Power Party announced trading for digital asset spot ETF will be permitted this year. For the first time, traders in the country will be able invest in exchange-traded funds linked to major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). Representative Park Soo-min said its about time South Korea allowed…

Bybit Exchange Gold & FX Trading Hits All-Time-High As Gold Prices Soar

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DUBAI, UAE, April 25, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, and the first mainstream cryptocurrency exchange to incorporate Gold & FX trading on its trading platform, is thrilled to introduce the Gold & FX Referral Program as Gold price skyrockets. This exclusive offer is available to eligible Bybit users only, with up to 10,000 USDT in bonuses available for top referrers. In April 2025, Gold prices surpassed $3,500 per ounce for the first time in history, soaring by 42% year-on-year. Despite brief corrections, the oldest safe…

$198M Crypto Mirage? SEC Targets AI Trading Kingpin in Global Ponzi Uprising

A $198 million crypto fraud empire disguised as AI trading has been unraveled, exposing a luxury-fueled Ponzi scheme that spanned the globe. AI Autotrader or Smoke and Mirrors? The SEC Exposes What PGI Really Was The U.S. Securities and Exchange Commission (SEC) announced on April 22 that it has charged Ramil Palafox, founder of PGI […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Revolut doubles profits to $1.3B on user growth, crypto trading boom

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Fintech giant Revolut reported a record-breaking year, doubling its pre-tax profit to 1 billion British pounds ($1.3 billion) in 2024, driven by rapid customer growth and a resurgence in cryptocurrency trading. According to its annual report published on Thursday, April 24, Revolut’s profit soared from 438 million pounds in 2023, while revenue jumped to 3.1 billion pounds from 1.8 billion pounds. A key contributor to Revolut’s strong performance was its wealth division, which includes stock and digital asset trading. The segment generated 506 million pounds in revenue — nearly four…