Take a look at the most prominent events of this week and the latest updates within the financial sphere:
One of the quick-growing CFD brokerage companies published information about the latest developments at the firm. It plans to ease and provide clients with optimized solutions accessible for crypto trading on the platform.
The first step was a serious decrease in the set of instruments accessible for Australian customers.
The company ensured that its plan was to provide its customers and other participants in the market with a low-cost website to trade with.
In addition, the company announced a harsh reduction in the fee charged to their Australian customers from A$8 per round turn to A$3 per round turn, which is one of the lowest in the sphere.
One of the biggest financial websites known worldwide has noted over 550 mln unique visitors from 180 countries in the last 1.5 years. It has witnessed a 400% spark in its membership profiles. According to the latest data published by CityAM, the website faced a surge of 237% of visitors.
James Maddison, Chief Vision Officer at the company, noticed that the platform, tools and features work towards this goal of allowing all participants from all over the world to watch, boost skills and succeed via trading and investing, not just the privileged group of investors.
Not so long ago, the global multi-asset investment service rolled out a DeFi solution. So, the company started offering customers long-term access to the major products in the DeFi segment. It enabled customers to join the most novice development nicheю
Decentralised finance, known as DeFi, is a new tech that was made to change the traditional finance system by migrating the services to the blockchain.
Rather than merely decentralising transactions (as with Bitcoin), DeFi was designed to decentralise wider segments of the financial sphere. This is performed through smart contracts, which allow transfers and agreements to be conducted within the blockchain without the need for third-party interference like an administrator.
The firm that provides trading and broking services for Forex brokerages published a warning. A fraudulent profile was trying to impersonate the organization with the purpose of scamming.
The profile on Skype and the scam account was trying to sell trading tools to many customers and asking them to pay the commissions and charges via BTC or fiat money.
In other words, they were posing themselves as a Brokeree company and supposedly selling the solutions of the firm via the scam profile. It had no relation to the organization. The warning signs of such a scam were that the account asked for payment by Bitcoins or cash, discussed the contract terms via skype, and declined to have any calls or meetings when the potential customers asked for it.
The organization that provides FX and CFD trading across a wide range of markets published an announcement. It is constantly improving the trading solution, and starting from October this year, customers will be able to trade digital assets on weekends and working days.
There will not be any cryptocurrency trading on PAMM accounts on weekends due to the specific tools of this kind of profile.
Following these purposes, tools for virtual assets within PAMM profiles got new names.
In addition, the firm plans to roll out new CFDs for digital assets.