IG Group to supply crypto buying and selling
Beginning off this week’s new recap, IG Group is increasing its companies round digital belongings because it prepares to launch spot cryptocurrency buying and selling for retail traders. The brand new companies will prolong the platform’s present providing of crypto contracts for variations.
The London-listed platform will provide spot buying and selling in additional than 30 cryptocurrencies, together with Bitcoin, Ether, XRP, and in style meme tokens. To facilitate crypto buying and selling, the corporate has partnered with Uphold, which is regulated in each the US and the UK.
On the similar time, the crypto alternate Kraken launched a brand new full-service brokerage answer focusing on hedge funds, asset managers, corporates, and different large-scale market contributors.
Revolut eyes crypto derivatives market
A current hiring submit could have simply unveiled Revolut’s subsequent massive transfer within the crypto area: a full-scale growth into derivatives buying and selling. The fintech agency is getting ready to construct this enterprise from scratch, even because it navigates regulatory uncertainty in its residence market.
Dubbed Kraken Prime, the brand new platform reportedly consolidates buying and selling, custody, and asset financing into one streamlined interface. Backed by 24/7 consumer service, it goals to offer execution high quality that’s acquainted to conventional finance gamers.
Supply: Revolut
Revolut’s transfer got here as Hong Kong’s monetary markets regulator plans to permit crypto derivatives buying and selling for skilled traders, aiming to develop product choices within the asset class and strengthen town’s world competitiveness.
How real are prop companies’ “complete payouts” claims?
Within the prop buying and selling area, we examined whether or not a prop buying and selling agency’s payout claims could be trusted or, even additional, tracked. Your guess is nearly as good as mine: there isn’t a approach.
Prop buying and selling companies aren’t monetary companies suppliers, that means they don’t come beneath heavy regulatory scrutiny like foreign exchange and contracts for variations (CFDs) brokers.
They don’t seem to be required to report any knowledge, not like CFD brokers, who should report the share of retail shoppers who lose funds, amongst different knowledge factors.
Apart from the payout claims, funding for prop buying and selling shoppers stays a problem. A current examine discovered that just one in 5 prop agency shoppers really obtain funding. The findings confirmed that Colombia leads all nations in participation, adopted by america and Brazil.
CMC Markets’ annual revenue soars 33%
CMC Markets closed the fiscal yr 2025, which ended on 31 March, with a web working revenue of £340.1 million, a modest 2% annual improve, whereas pre-tax earnings jumped by 33% to £84.5 million.
The monetary outcomes launched present that the dealer’s Australian stockbroking unit achieved a report web working revenue of AU$106.3 million, up from AU$85.1 million within the earlier yr, pushed by “double-digit development in lively shoppers and new accounts.”
Russia forces foreign exchange brokers to finish Telegram help
Regulated foreign exchange brokers in Russia have ceased providing buyer help through the messaging platform Telegram, following the enforcement of a brand new federal legislation firstly of June.
The legislation prohibits monetary establishments and authorities businesses from speaking utilizing any overseas messaging platform. Two out of three domestically regulated foreign exchange brokers in Russia have reportedly confirmed the top of their Telegram-based buyer help.
Foreign exchange companies accused of laundering drug cash in Cyprus
In the meantime, in Cyprus, the foreign exchange business is beneath hearth. Paphos Mayor Phedonas Phedonos has made sturdy allegations that Cyprus has grow to be a part of a world cash laundering community involving Latin American drug cartels.
Supply: CySEC
Talking on social media, the mayor claimed that some Foreign exchange companies based mostly in Cyprus are getting used to launder drug cash via complicated shell firm networks in Latin America.
ESMA is interested in retail traders’ habits
Within the regulatory entrance, ESMA’s name for suggestions on how retail traders interact with funding companies and whether or not regulatory or non-regulatory boundaries could discourage participation in capital markets is unlikely to set the pulses racing.
In any case, that is simply the most recent in a protracted line of comparable consultations, and a few see it as an admission that extreme regulation is likely one of the primary components holding again retail funding in Europe.
Trump–Musk rift
Lastly, in a dramatic twist in U.S. politics, the Trump-Musk camaraderie imploded this week, changed by a confrontation and bruised egos. It began when Tesla’s CEO turned on Trump’s prized mega invoice, calling it pork-filled and fiscally reckless.
The US President admitted disappointment in Musk’s escalating assaults on his signature tax-and-spending plan. Earlier, Elon Musk left DOGE as Trump’s finances slashed help for electrical automobiles.
IG Group to supply crypto buying and selling
Beginning off this week’s new recap, IG Group is increasing its companies round digital belongings because it prepares to launch spot cryptocurrency buying and selling for retail traders. The brand new companies will prolong the platform’s present providing of crypto contracts for variations.
The London-listed platform will provide spot buying and selling in additional than 30 cryptocurrencies, together with Bitcoin, Ether, XRP, and in style meme tokens. To facilitate crypto buying and selling, the corporate has partnered with Uphold, which is regulated in each the US and the UK.
On the similar time, the crypto alternate Kraken launched a brand new full-service brokerage answer focusing on hedge funds, asset managers, corporates, and different large-scale market contributors.
Revolut eyes crypto derivatives market
A current hiring submit could have simply unveiled Revolut’s subsequent massive transfer within the crypto area: a full-scale growth into derivatives buying and selling. The fintech agency is getting ready to construct this enterprise from scratch, even because it navigates regulatory uncertainty in its residence market.
Dubbed Kraken Prime, the brand new platform reportedly consolidates buying and selling, custody, and asset financing into one streamlined interface. Backed by 24/7 consumer service, it goals to offer execution high quality that’s acquainted to conventional finance gamers.
Supply: Revolut
Revolut’s transfer got here as Hong Kong’s monetary markets regulator plans to permit crypto derivatives buying and selling for skilled traders, aiming to develop product choices within the asset class and strengthen town’s world competitiveness.
How real are prop companies’ “complete payouts” claims?
Within the prop buying and selling area, we examined whether or not a prop buying and selling agency’s payout claims could be trusted or, even additional, tracked. Your guess is nearly as good as mine: there isn’t a approach.
Prop buying and selling companies aren’t monetary companies suppliers, that means they don’t come beneath heavy regulatory scrutiny like foreign exchange and contracts for variations (CFDs) brokers.
They don’t seem to be required to report any knowledge, not like CFD brokers, who should report the share of retail shoppers who lose funds, amongst different knowledge factors.
Apart from the payout claims, funding for prop buying and selling shoppers stays a problem. A current examine discovered that just one in 5 prop agency shoppers really obtain funding. The findings confirmed that Colombia leads all nations in participation, adopted by america and Brazil.
CMC Markets’ annual revenue soars 33%
CMC Markets closed the fiscal yr 2025, which ended on 31 March, with a web working revenue of £340.1 million, a modest 2% annual improve, whereas pre-tax earnings jumped by 33% to £84.5 million.
The monetary outcomes launched present that the dealer’s Australian stockbroking unit achieved a report web working revenue of AU$106.3 million, up from AU$85.1 million within the earlier yr, pushed by “double-digit development in lively shoppers and new accounts.”
Russia forces foreign exchange brokers to finish Telegram help
Regulated foreign exchange brokers in Russia have ceased providing buyer help through the messaging platform Telegram, following the enforcement of a brand new federal legislation firstly of June.
The legislation prohibits monetary establishments and authorities businesses from speaking utilizing any overseas messaging platform. Two out of three domestically regulated foreign exchange brokers in Russia have reportedly confirmed the top of their Telegram-based buyer help.
Foreign exchange companies accused of laundering drug cash in Cyprus
In the meantime, in Cyprus, the foreign exchange business is beneath hearth. Paphos Mayor Phedonas Phedonos has made sturdy allegations that Cyprus has grow to be a part of a world cash laundering community involving Latin American drug cartels.
Supply: CySEC
Talking on social media, the mayor claimed that some Foreign exchange companies based mostly in Cyprus are getting used to launder drug cash via complicated shell firm networks in Latin America.
ESMA is interested in retail traders’ habits
Within the regulatory entrance, ESMA’s name for suggestions on how retail traders interact with funding companies and whether or not regulatory or non-regulatory boundaries could discourage participation in capital markets is unlikely to set the pulses racing.
In any case, that is simply the most recent in a protracted line of comparable consultations, and a few see it as an admission that extreme regulation is likely one of the primary components holding again retail funding in Europe.
Trump–Musk rift
Lastly, in a dramatic twist in U.S. politics, the Trump-Musk camaraderie imploded this week, changed by a confrontation and bruised egos. It began when Tesla’s CEO turned on Trump’s prized mega invoice, calling it pork-filled and fiscally reckless.
The US President admitted disappointment in Musk’s escalating assaults on his signature tax-and-spending plan. Earlier, Elon Musk left DOGE as Trump’s finances slashed help for electrical automobiles.
