Here is the latest news of this month. We have the latest updates from digital assets, Forex, and blockchain industries and firms. Take a look at them.
Multibank Group is getting ready to roll out its exchange devoted to digital assets
One of the biggest financial derivatives organizations that operate in different of the world is preparing to show the crypto community its new exchange hub called MEX Digital. It will be integrated during Q3 this year.
This integration shows the starting of widening its tools and projects in alternative coins and the blockchain segment.
As digital assets continue to change the industry completely, MEX Digital is bringing money flows in top-notch technologies, development, and building strategic partnerships with other companies. It plans to guarantee the delivery of the most advanced and controlled financial platform accessible worldwide.
Flow Traders NV published its Q2, 2021 results
Take a look at the latest data published by a Netherlands-based company that specializes in exchange-traded products. The firm announces its unaudited results of the 2nd quarter of this year and a half year.
Check out its analysis:
Market ETP Value Traded slumped by 14% quarter-on-quarter and crashed by14% H121 vs H120;
Flow Traders ETP Value Traded decreased 15% quarter-on-quarter and decreased 6% H121 vs H120;
Flow Traders recorded NTI of €94.4m during the second quarter of this year, showing a more stabilized industry situation. In comparison to NTI of €142.2m in Q121 and €229.9m in Q2, 2020. H121 NTI was €236.6m vs €724.8m in H120
Total operating costs of €54.1m were recorded during the second quarter of this year. Among them were €0.6m of one-off coronavirus and company continuity plan-related costs.
Plus500 is on the final stage of the purchasing Cunningham Commodities LLC
Not so long ago, CFD and Forex brokerage firm Plus500 declared that it is completing the acquisition of all of the shares of the organization that operates in the US.
Cunningham is recorded as a Futures Commission Merchant (FCM) with the US Commodity Futures Trading Commission (CFTC), a participant of the National Futures Association (NFA). Moreover, a clearing partner of the Chicago Board of Trade (CBOT), division of CME Group. (CME). This acquired company is a technology trading provider. It works with assets and options on the American market.
New regulatory framework for digital assets brings new abilities for Vanuatu
Not so long ago, the country adopted a recently gazetted amendment that formalizes the ability to utilize digital assets for licensed financial organizations.
Though cryptocurrencies themselves have been the most popular topic in the past few years, a period of discussion and structured evaluation led Vanuatu to reconsider and overturn an initial ban. Digital assets rely on a distributed, secure ledger, such as blockchain technology, and can be used to represent land, stocks, or other traditional commodities, but their most widespread use is for currencies.
GBE brokers announced its collaboration with Lloyd’s
GBE brokers is a Cyprus-based and fully licensed and regulated CFD company. Not so long ago, it announced its collaboration with Lloyd’s. It is the world’s leading insurance company that provides specialist insurance services to companies in over 200 countries and territories.
As a result, they now have more security for customers and their funds through additional insurance. It goes beyond the €20,000 protection supplied by the ICF and up to €250,000 per user when insurance conditions are followed.
If you would like to find out more about GBE’s security, simply click on the link below.