FinanceFeeds on LinkedIn: A Week in Prop Trading: Find out firms caught in chaos, CZ’s 10-year… (2024)

XS com, the multi-regulated financial services provider, has made a strategic move to expand its presence in Africa by acquiring Ubutyebi Financial Services, a licensed Financial Service Provider (FSP) in South Africa regulated by the Financial Sector Conduct Authority (FSCA).#XScom #UbutyebiFinancialServices #licensed #FSP #SouthAfrica #regulation #FSCAhttps://lnkd.in/dADEkdxH

Hong Kong is moving forward with legislation to regulate stablecoins and crypto over-the-counter (OTC) trading in the latest effort to develop a legal framework to service the city’s digital-asset industry.#HongKong #legislation #regulation #stablecoins #crypto #OTChttps://lnkd.in/d_FYv4sM

Terraform Labs co-founder Do Kwon is set to be extradited to the United States to face fraud charges related to massive losses suffered by U.S. investors due to its algorithmic stablecoin collapse.#terraformlabs #DoKwon #cofounder #extradition #UnitedStates #fraudcharges #algorithmicstablecoin #collapse #USinvestors #losseshttps://lnkd.in/dA5ksu73

Proprietary trading firm Instant Funding has become the latest retail platform to halt onboarding new US clients, citing a recent decision by their partner broker, ThinkMarkets.#proptrading #instantfunding #retailplatform #onboarding #USclients #propfirm #thinkmarkets https://lnkd.in/dV-KPshz

Proprietary trading firms Lark Funding and Alpha Capital have both announced changes to their operations that mainly affect their business with US clients.The Funded Trader, another retail prop platform, has also shifted its technology provider to Spotware Systems, the developer of thecTrader platform#proptrading #larkfunding #alphacapital #operations #USclients #thefundedtrader #propfirm #technologyprovider #spotwaresystems #ctraderhttps://lnkd.in/dAz-dznZ

The Pyth Network, a leading provider of real-time market data for crypto, equities, FX, and commodities to the DeFi market, has rolled out its latest feature: Bitcoin ETF Price Feeds. These feeds provide real-time, reliable price data for 13 Bitcoin exchange-traded funds, making them accessible to DeFi developers and users.#pythnetwork #marketdata #crypto #equities #FX #commodities #DeFi #bitcoin #ETF https://lnkd.in/e2vxcqiv

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Circle, the company behind the widely-used USD Coin (USDC), announced it will stop supporting its stablecoin on the Tron blockchain. The issuer said the move is part of Circle’s ongoing efforts to ensure USDC maintains its reputation as a trusted, transparent, and safe digital currency.#circle #USDcoin #USDC #tron #blockchain #stablecoin #crypto https://lnkd.in/dF_-vt5w

The financial sector’s trade evolution has led to the emergence of several financial markets that provide excellent opportunities for wealth creation.#KYC #AML #Finance #KYBhttps://lnkd.in/etiW4v28

The Pyth Network, a leading provider of real-time market data for crypto, equities, FX, and commodities to the DeFi market, has rolled out its latest feature: Bitcoin ETF Price Feeds.#BitcoinETFs #blockchain #Cryptohttps://lnkd.in/e2vxcqiv

“Aaron Brown’s wealth of experience in institutional sales, strong network and in-depth understanding of client requirements in the Middle East will help us to capitalize on recent client demand in the region, whilst delivering the same innovative, high-quality products and services we offer to all our clients globally" - Samuel Johnson, iSAM Securities#executives #mena #middleeast #primebrokerage #liquidity #trading https://lnkd.in/dbj7rk5g