Category Archives: News

Week in Review: Crypto.com Enters CFDs, iFOREX Plans Late-June IPO

Crypto.com acquires CySEC-regulated broker Cryptocurrency exchange Crypto.com obtained a Markets in Financial Instruments Directive license through its acquisition of Cyprus-based A.N. Allnew Investments Ltd, the operator of the LegacyFX trading brand. The acquisition, approved by the Cyprus Securities and Exchange Commission, allows Crypto.com to offer a broader range of traditional financial products to eligible users […]

“Tuna Bond” Scandal Continues: FCA Bans Third Ex-Credit Suisse Employee

The UK’s Financial Conduct Authority (FCA) has banned former Credit Suisse Vice President Detelina Subeva from participating in the country’s financial services industry due to her involvement in the Mozambique loan scandal. Kickbacks for the Loans The ban followed Subeva’s guilty plea in 2019 for her role in a conspiracy to commit money laundering. She […]

Spotware Increases Leverage Ceiling to 10,000 in cBroker 9.5 New Update

Spotware has unveiled cBroker 9.5, the latest update to its back-office solution for trading platforms, introducing several features designed to give brokers greater control over risk management and client accounts. The new release builds upon version 9.4 with capabilities that include leverage settings of up to 10,000:1, bulk force-closure of positions, and options to bypass […]

Revolut’s CFD Trading Launch Lead Departs as Head of Wealth & Trading After 3 Years

Sergei Riabov announced his departure from Revolut on LinkedIn today (Friday). He served at the company for almost three years, most recently as the Head of Wealth & Trading. “After almost 3 incredible years at Revolut, it’s time for me to step away. I’m proud of what we’ve built—a fast-scaling, international brokerage business that now […]

Prop Firm FunderPro Appoints Former Swissquote COO to Lead Business Development

Zoltan Nemeth has taken on a new role as Head of Business Development at FunderPro, a proprietary trading firm. He announced the move today (Friday) on LinkedIn. Nemeth wrote: “I’m happy to share that I’m starting a new position as Head of Business Development at FunderPro.” Former Swissquote COO Leads FunderPro Before joining FunderPro, Nemeth […]

Offering Liquidity, Not Illusions: The Tough Road to B2B for Brokers

Moving into the B2B space is an opportunity for brokers to diversify revenue streams and reduce dependency on retail flows – but it’s no quick fix for those looking to bump up their margins. Growing competition in retail trading coupled with rising customer expectations has made acting as a liquidity provider seem like a logical […]

NAGA EBITDA Falls Over 50%, New Registered Users Down 17% in Q1 2025

NAGA Group AG (XETRA: N4G), the publicly listed company behind the retail trading app NAGA, reported a 7% year-over-year (YoY) revenue increase in the first quarter of 2025, according to unaudited figures released today (Thursday). NAGA Group Reports 7% Revenue Growth in Q1 2025 The Hamburg-based fintech saw group revenues climb to €16.4 million in […]

Kraken to Offer Tokenized U.S. Stocks on Solana Blockchain, Eyes Global Clients

Crypto exchange Kraken plans to offer tokenized versions of popular U.S. equities. According to the exchange’s announcement today (Thursday), Kraken will list a new suite of tokenized equities dubbed xStocks in partnership with Backed Finance. The assets will reportedly be live on the Solana blockchain and represent actual shares held 1:1 by Backed. Clients in […]