IG Group to supply crypto buying and selling
Beginning off this week’s new recap, IG Group is increasing its providers round digital property because it prepares to launch spot cryptocurrency buying and selling for retail traders. The brand new providers 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 well-liked 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 identical time, the crypto change Kraken launched a brand new full-service brokerage resolution concentrating on hedge funds, asset managers, corporates, and different large-scale market members.
Revolut eyes crypto derivatives market
A latest hiring publish could have simply unveiled Revolut’s subsequent huge transfer within the crypto house: a full-scale growth into derivatives buying and selling. The fintech agency is making ready to construct this enterprise from scratch, even because it navigates regulatory uncertainty in its dwelling 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 increase 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 house, we examined whether or not a prop buying and selling agency’s payout claims will be trusted or, even additional, tracked. Your guess is pretty much as good as mine: there isn’t a approach.
Prop buying and selling companies are usually not monetary providers suppliers, which 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 information, not like CFD brokers, who should report the share of retail purchasers who lose funds, amongst different information factors.
In addition to the payout claims, funding for prop buying and selling purchasers stays a problem. A latest research discovered that just one in 5 prop agency purchasers really obtain funding. The findings confirmed that Colombia leads all international locations in participation, adopted by the US and Brazil.
CMC Markets’ annual revenue soars 33%
CMC Markets closed the fiscal yr 2025, which ended on 31 March, with a web working earnings of £340.1 million, a modest 2% annual enhance, 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 document web working earnings of AU$106.3 million, up from AU$85.1 million within the earlier yr, pushed by “double-digit progress in lively purchasers and new accounts.”
Russia forces foreign exchange brokers to finish Telegram assist
Regulated foreign exchange brokers in Russia have ceased providing buyer assist by way of the messaging platform Telegram, following the enforcement of a brand new federal legislation at first 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 assist.
Foreign exchange companies accused of laundering drug cash in Cyprus
In the meantime, in Cyprus, the foreign exchange trade is beneath fireplace. Paphos Mayor Phedonas Phedonos has made sturdy allegations that Cyprus has grow to be a part of a global 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 by way of advanced shell firm networks in Latin America.
ESMA is inquisitive about retail traders’ habits
Within the regulatory entrance, ESMA’s name for suggestions on how retail traders have interaction with funding providers and whether or not regulatory or non-regulatory obstacles could discourage participation in capital markets is unlikely to set the pulses racing.
In spite of everything, that is simply the most recent in an extended line of comparable consultations, and a few see it as an admission that extreme regulation is among the foremost 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 price range slashed assist for electrical automobiles.
IG Group to supply crypto buying and selling
Beginning off this week’s new recap, IG Group is increasing its providers round digital property because it prepares to launch spot cryptocurrency buying and selling for retail traders. The brand new providers 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 well-liked 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 identical time, the crypto change Kraken launched a brand new full-service brokerage resolution concentrating on hedge funds, asset managers, corporates, and different large-scale market members.
Revolut eyes crypto derivatives market
A latest hiring publish could have simply unveiled Revolut’s subsequent huge transfer within the crypto house: a full-scale growth into derivatives buying and selling. The fintech agency is making ready to construct this enterprise from scratch, even because it navigates regulatory uncertainty in its dwelling 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 increase 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 house, we examined whether or not a prop buying and selling agency’s payout claims will be trusted or, even additional, tracked. Your guess is pretty much as good as mine: there isn’t a approach.
Prop buying and selling companies are usually not monetary providers suppliers, which 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 information, not like CFD brokers, who should report the share of retail purchasers who lose funds, amongst different information factors.
In addition to the payout claims, funding for prop buying and selling purchasers stays a problem. A latest research discovered that just one in 5 prop agency purchasers really obtain funding. The findings confirmed that Colombia leads all international locations in participation, adopted by the US and Brazil.
CMC Markets’ annual revenue soars 33%
CMC Markets closed the fiscal yr 2025, which ended on 31 March, with a web working earnings of £340.1 million, a modest 2% annual enhance, 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 document web working earnings of AU$106.3 million, up from AU$85.1 million within the earlier yr, pushed by “double-digit progress in lively purchasers and new accounts.”
Russia forces foreign exchange brokers to finish Telegram assist
Regulated foreign exchange brokers in Russia have ceased providing buyer assist by way of the messaging platform Telegram, following the enforcement of a brand new federal legislation at first 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 assist.
Foreign exchange companies accused of laundering drug cash in Cyprus
In the meantime, in Cyprus, the foreign exchange trade is beneath fireplace. Paphos Mayor Phedonas Phedonos has made sturdy allegations that Cyprus has grow to be a part of a global 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 by way of advanced shell firm networks in Latin America.
ESMA is inquisitive about retail traders’ habits
Within the regulatory entrance, ESMA’s name for suggestions on how retail traders have interaction with funding providers and whether or not regulatory or non-regulatory obstacles could discourage participation in capital markets is unlikely to set the pulses racing.
In spite of everything, that is simply the most recent in an extended line of comparable consultations, and a few see it as an admission that extreme regulation is among the foremost 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 price range slashed assist for electrical automobiles.
