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Crypto Trading Income eToro Spikes to $264 Million in Q2
eToro has posted a massive increase in cryptocurrency income that accounts for 73% for its entire trading commissions in the second quarter 2021. The company’s latest financial results provide more evidence that the cryptocurrency boom is more than just hype.
Citigroup Sets to Begin Trading Bitcoin Futures for Institutional Clients
Citigroup plans to start trading Bitcoin futures on the Chicago Mercantile Exchange and launch Bitcoin exchange-traded notes later. The bank intends to offer this new service for specific institutional clients.
Coinbase Records Impressive Growth in Q2 Revenue, Earning 2.23B and Exceeding Analysts’ Expectations
Despite a volatile second-quarter period, Coinbase saw revenue increase in its cryptocurrency business, earning $2.23 billion in revenue.
Binance Suspends Crypto-based Derivatives Products in Hong Kong
Binance announced Friday that it no longer allow Hong Kong users to open new derivatives accounts, effective immediately.
Wealthfront Adds Crypto Investments to Its Trading Offerings
Wealthfront finally begins offering crypto exposure to its clients. Clients will be able to allocate up to 10% of their total portfolio to the two trusts.
Colombian Bank Banco de Bogotá to Support Customers to Transfer funds to Crypto Exchange
Colombia-based commercial bank Banco de Bogotá will support customers to transfer funds to cryptocurrency exchanges for trading through its banking services.
Zero-commission Trading Platform Robinhood is Valued at $32B amid IPO Prices at $38 per Share
The popular stock and cryptocurrency platform Robinhood's IPO is valued at $38 per share at the low end of the previously estimated price range of $38-$42. The company's market value is up to $32 billion.
Africa Records the Largest Bitcoin P2P Volume Growth
Africa continues to stamp its authority in the crypto space based on the significant Bitcoin peer-to-peer volume growth witnessed in the continent.
Robinhood Explores New Feature to Protect Investors from Crypto Fluctuations
Zero-commission financial trading platform Robinhood is exploring a new feature designed to protect investors from price fluctuations during the process of investing in cryptocurrency trading.
BTC Leaps Over 12% to Six-week High, Analysts Predicts Individual Trades Could Influence on the Bitcoin Market
Bitcoin leaps over 12% to a six-week high on Monday morning in the Hong Kong section, rebounding to $38,643.13 in the past 24 hours. Prior to the latest surge, on-chain metrics provider Santiment believes that individual trades will significantly impact the BTC market based on low daily trading volume.
JPMorgan Chase Expands Crypto Trading Services to All Clients
JPMorgan chase bank has become the latest major bank in the US to offer all wealth management clients access to crypto funds.
Robinhood Warns About Potential for Significant Decline in Retail Trading, Particularly in Crypto Business
Expecting to conduct IPO next week, Robinhood warns its revenues in Q3 ending in September to be lower compared to Q2 ended in June.
Binance Stops Trading Of Stock Tokens amid increasing Global Regulatory Scrutiny
Binance has announced that it will suspend providing digital versions of stocks such as Coinbase, Apple, and Tesla, a time when the exchange faces rising pressure from regulators across the globe.
Crypto Trading Volumes in Exchanges Sank by Over 40% in June
The ripple effect of the recent crypto market crash continued to be felt as trading volumes at major exchanges nosedived by more than 40% in June.
Australian Online Broker SelfWealth Becomes the First Platform to Add Crypto for Trading
Australian online broker SelfWealth plans to list 10 cryptocurrencies, including Bitcoin and Ethereum, on its trading platform for trading before the end of this year.