Finance & Trading News
The UK FCA has fined and banned Crispin Odey for lack of integrity, while Capital.com uses ChatGPT for a Dubai Mall ad campaign. China advances the internationalization of the RMB, and Swissquote sets a CHF 500M pre-tax profit target by 2028. NinjaTrader will continue as a standalone platform after its $1.5 billion acquisition by Kraken. Stay in the loop!
UK FCA Fines and Bans Robin Crispin Odey
The Financial Conduct Authority (FCA) has fined Crispin Odey of Odey Asset Management LLP (OAM) £ 1.8 million and banned him from the UK financial services industry for a lack of integrity. Read More
Capital.com Uses ChatGPT for Dubai Mall Ad. What Do You Think?
Capital.com has opted to generate ad copy using ChatGPT instead of hiring an agency for its latest campaign at Dubai Mall, announced Tarik Chebib on LinkedIn. Read More
China Takes Key Step Promoting the Internationalization of the RMB
Hong Kong Exchanges and Clearing Limited (HKEX) has announced that its clearing subsidiary, OTC Clearing Hong Kong Limited – also known as OTC Clear – will start accepting Chinese Government Bonds and Policy Bank Bonds held by international investors through Bond Connect as margin collateral for all derivative transactions cleared by OTC Clear from 21 March 2025. Read More
Swissquote Sets Ambitious 2028 Pre-Tax Profit Target: CHF 500 million
Swissquote has reported record financial results for 2024, with net profit reaching CHF 294.2 million, a 35.2% increase from the previous year. The company now targets a pre-tax profit of CHF 500 million by 2028. Read More
NinjaTrader Will Operate as a Standalone Platform Under Kraken Ownership
Kraken and NinjaTrader have confirmed the $1.5 billion acquisition deal previously reported by WSJ. The goal is to strengthen Kraken’s position as a 24/7, always-on technology platform built for professional traders. Read More
Weekly Crypto Brief
BaFin freezes Ethena’s USDe reserves, and Coinbase nears a $5B deal to acquire Deribit. Robinhood adds event-driven trades, while Bakkt’s stock drops 35% after losing key clients. Ripple wins its case as the SEC drops its appeal, and Crypto.com faces backlash over a $5B token burn reversal. tastytrade expands its crypto offerings. Stay informed!
BaFin Freezes Ethena’s USDe Reserves Over Regulatory Concerns
Germany’s financial regulator has stopped Ethena GmbH, a subsidiary of Ethena Labs, from offering its USD-pegged stablecoin, USDe, in the country. Read More
Coinbase to Acquire Crypto Options Giant Deribit in $5 Billion Deal
Coinbase is in advanced discussions to acquire Deribit, the world’s leading platform for Bitcoin and Ether options trading, Bloomberg reported, citing sources familiar with the matter. Read More
Trump’s Ex-Wife Joins Calls to End U.S. Case Against ‘Bitcoin Jesus’
Marla Maples, former wife of Donald Trump, voiced support for ending the U.S. government’s case against early Bitcoin investor Roger Ver, also known as “Bitcoin Jesus. Read More
Robinhood Joins Interactive Brokers in Betting on Event-Driven Trades
Popular trading app Robinhood has introduced a prediction markets hub in its app, allowing users to trade on event outcomes, including the expected upper limit of the Federal Reserve funds rate in May. Read More
Bakkt Shares Tumble After Losing Bank of America and Webull as Clients
Bakkt Holdings saw a sharp 35% drop in its stock price on Monday following the news that two of its major customers, Bank of America and Webull, would not be renewing their commercial agreements with the company. Read More
Binance CEO Richard Teng Refutes Report on U.S. Negotiations with Trump
Binance CEO Richard Teng dismissed reports claiming that Binance.US was in negotiations with businesses linked to U.S. President Donald Trump. Read More
Ripple Wins Legal Battle as SEC Drops Appeal, XRP Surges
Ripple’s long-running legal fight with the U.S. Securities and Exchange Commission (SEC) is officially over, according to CEO Brad Garlinghouse. Read More
Crypto.com Under Fire After $5B Token Burn Reversal
Crypto.com is facing a storm of criticism after a controversial vote led to the reversal of a 70 billion CRO token burn on its Cronos blockchain. Read More
Tastytrade Sees Record Demand, Widens Crypto Trading Options
Brokerage firm tastytrade has expanded its crypto trading offerings through infrastructure provider Zero Hash, adding five new digital assets to its platform amid rising client demand. Read More
