Market news
Crypto, stocks, forex and macro, aggregated for traders.
Kraken Parent Pushes IPO to Q2 2027 at Earliest
Payward does not plan to take Kraken public before the second quarter of 2027, CoinDesk reported yesterday (Wednesday), citing two people familiar with the matter. The company has a confidential draft registration statement under review by the U.S. Securities and Exchange Commission (SEC ). Q2 is the first named lower bound for a process that had already drifted into next year. FinanceMagnates.com
Déjà Vu at XTB: Founder Jakub Zabłocki Cashes In $410 Million More
Warsaw-listed CFD broker XTB confirmed yesterday (Wednesday) that its largest shareholder completed a sale of company stock through an accelerated bookbuilding process, the latest in a series of reductions stretching back three years. XX ZW Investment Group S.A., a Luxembourg-registered investment vehicle majority owned by XTB co-founder Jakub Zabłocki, sold 9,405,540 ordinary bearer shares, equal
Coinbase Launches Crypto Futures in Canada With Up to 10x…
What Is Coinbase Offering Canadian Traders? Coinbase has launched cryptocurrency derivatives trading in Canada, giving eligible customers access to perpetual and dated futures linked to Bitcoin, Ether, Solana and other digital assets. The products are offered through Coinbase Financial Markets, a futures commission merchant registered with the U.S. Commodity Futures Trading Commission. The entity
Anthony Armstrong, former CFO at Elon Musk’s xAI and X, joins Coinbase board
Anthony Armstrong — no relation to Coinbase CEO Brian Armstrong — most recently served as CFO across xAI, X.AI Corp., and X Corp.
Hyperliquid’s Institutional Turn: RFQ, Tokenised…
Hyperliquid is adding a piece of market structure more commonly associated with institutional trading desks than decentralised exchanges: request-for-quote execution for tokenised equities . Silhouette launched its RFQ system on Hyperliquid mainnet on September 1 with support for xStocks, allowing traders to request prices from multiple onboarded market makers and settle the winning quote onchain.
Charles Schwab Fined $175,000 by FINRA Over Fractional Share Trade Reporting Failures
Charles Schwab has been censured and fined $175,000 by the Financial Industry Regulatory Authority over failures to report millions of fractional share transactions. According to a Letter of Acceptance, Waiver, and Consent, FINRA said that between January 2018 and May 2025, Schwab failed to report or report in a timely manner approximately 2.8 million fractional... The post Charles Schwab Fined $1
Coinbase Launches Derivatives Contracts in Canada
Coinbase said Wednesday that it has launched regulated derivatives contracts in Canada, allowing eligible Canadian traders to access the products directly on its platform for the first time. Offered through Coinbase Financial Markets, the exchange said it is the first major crypto-native platform to offer direct native crypto futures in Canada. It added that the... The post Coinbase Launches Deriv
Prospect Markets Enters the Prediction Markets Race on…
Prospect Markets has signed a definitive agreement with Crypto.com's US derivatives business to launch regulated sports prediction contracts ahead of the NFL and NBA seasons, the companies disclosed on 1 September . The deal gives Prospect access to Crypto.com's CFTC-registered exchange and clearing infrastructure without building its own. How the Prospect-Crypto.com Deal Works Under the agreement
Arbitrum DAO reports $6.2 million in first-half income as Robinhood Chain adds new revenue stream
Licensing fees accounted for 35% of the DAO's income in July, the first month Robinhood Chain was live on mainnet.
XTB Slips on Final $5.3M Fine Despite STOXX 600 Entry, Still Up 140% This Year
XTB shares slipped 5% today (Wednesday) after the Polish Financial Supervision Authority (KNF) upheld a PLN 20 million (about $5.35 million) fine. The sanction covers customer checks, product targeting, conflict controls and CFD risk disclosures. Even after Wednesday's decline, XTB was up about 143% this year and only 6.7% below its August intraday record. The selloff also came as XTB announced th
Tickmill's Ingmar Mattus: The "Mindset Problem" Killing CFD Brokers Who Won't Diversify
"You could almost argue that risk is my middle name." Ingmar Mattus, who co-founded Tickmill in 2014 and has spent close to two decades making risk management decisions inside brokerage firms, was explaining what drew him to TradersYard, the Vienna-based proprietary trading firm he has backed since 2023 through his Swiss private equity vehicle, Andromeda Capital Partners. It was precisely that exp
After Nearly Five Years at Vantage, Charlie Walker Moves to Dupoin for Regional Role
Charlie Walker has left Vantage Markets and joined Dupoin as Regional Director, according to an announcement he shared on LinkedIn today (Wednesday). Walker said he was “excited to share that I’ll be moving on to my next chapter, joining Dupoin as Regional Director as they continue their global expansion.” Walker’s Career Spans Vantage, Ebury, OANDA Walker spent nearly five years at Vantage UK. Hi
CFI Names Federico Cirulli Chairman as Founders Become Non-Executive Directors
CFI Financial Group appointed Federico Cirulli as chairman today (Wednesday), replacing co-founder Hisham Mansour at the head of its board. Co-founder Eduardo Fakhoury will leave his vice-chairman role. Mansour and Fakhoury will remain on the board as non-executive directors. CFI said its executive team and business plans are unchanged. The handover puts an independent director in charge of the bo
Freedom24 Eyes Switzerland as European Expansion to Move Into Wealth Management
Freedom24, the European investment platform of Nasdaq-listed Freedom Holding Corp., is assessing Switzerland as a potential long-term market and is exploring a possible presence in Geneva. The potential Swiss expansion comes as Freedom24 broadens its European financial-services strategy. Last month, the company opened its proprietary Tradernet platform to AI tools through the Model Context Protoco
easyMarkets Expands Commodity Offering with 24/7 Gold, Silver and Oil Trading
easyMarkets has expanded its multi-asset offering with the launch of Gold24, Silver24 and Oil24, giving clients the ability to trade Gold, Silver and Oil CFDs 24 hours a day, seven days a week. The launch comes as Gold and Oil continue to attract significant trading activity among easyMarkets clients. Gold was the platform's most traded instrument in Q2 2026, while Crude Oil ranked second, with Oi
Marex Expands Corporate FX Business into France
Marex announced the expansion of its Corporate FX business into France on Tuesday, extending institutional-grade foreign exchange risk management solutions to French corporates with exposure to international markets. The move builds on Marex s enhanced Corporate FX capabilities following its acquisition of Hamilton Court Group and underscores the firm s ongoing investment in supporting businesses
Binance Traditional-Asset Perpetual Volume Jumps 15x to…
Binance's monthly trading volume for perpetual futures tied to traditional financial assets reached approximately $445 billion in July, nearly 15 times its January level as crypto exchanges increasingly compete for stock, commodity and ETF trading. The figure, provided by Binance to Bloomberg, compares with approximately $30 billion of traditional-asset perpetual volume in January. That represents
Deriv Gains Banking License in SVG
Deriv has obtained a banking license from the regulator in St Vincent and the Grenadines. Its CEO, Rakshit Choudhary, highlighted that the move is “part of a broader push” to expand the contracts for differences (CFD) broker’s jurisdictional reach globally. The move did not come as a surprise, as Finance Magnates reported earlier this year that the broker had applied for the same license . It has
Hyperliquid Strategies expands equity facility to $2.5 billion from $1 billion
As of June 30, Hyperliquid Strategies has sold around $647 million worth of shares, according to its recent filings.
Silhouette Launches Hyperliquid RFQ System for Tokenized…
How Does Silhouette’s RFQ System Work? Silhouette has launched its request-for-quote system on Hyperliquid mainnet, introducing a new way to trade tokenized equities without requiring every asset to maintain its own order book. The block trading layer initially supports xStocks, Payward’s tokenized equity framework . Traders can request a quote for a supported xStock, receive competing prices from
Interactive Brokers Reports 23% Rise in Daily Average Revenue Trades for August
On Tuesday, Interactive Brokers Group reported its electronic brokerage performance metrics for August, with daily average revenue trades up 23% year on year. The automated global electronic broker said it recorded 4.276 million daily average revenue trades, or DARTs, during the month, a figure 23% higher than a year earlier, but 3% lower than the... The post Interactive Brokers Reports 23% Rise i
IG's Karman Wong Set to Join Trade Nation as Commercial Director, Emerging Markets
Finance Magnates has learned that Karman Wong is leaving IG Group to join Trade Nation as Commercial Director, Emerging Markets. Wong is based in Australia, where Trade Nation operates as a regulated broker through Trade Nation Australia Pty Ltd, licensed by ASIC under AFSL 422661. At IG , Wong built her career around Greater China. She joined as a sales trader in 2013, was promoted to Vice Presid
Buying memecoins with credit cards on Robinhood Wallet and Fomo appears to sidestep card-network crypto rules
Test memecoin purchases were coded as "digital media" rather than crypto, earning credit card points despite card network restrictions.
Robinhood Chain DEX Volume Hits Record $989 Million as…
What Drove Robinhood Chain To Record Trading Volume? Robinhood Chain recorded its strongest decentralized exchange activity yet in August, with single-day DEX trading volume reaching a record $989 million on Friday as liquidity and capital on the network continued to climb. Total value locked reached a record $708 million, nearly doubling from the previous month. Stablecoin supply also rose to abo