Broker News | Robinhood Sits on a $3B Bitcoin Goldmine despite Crypto Trading Decline
Net loss came in at €4.8M, in stark contrast to a net profit of €24M in H1 2022.
Similarly, the online trading group's revenue plunged by 50% to €21.1M.
02 Canada's CSA Removes Financial Commission from 'Investor Alert' List
FinCom's name appeared on CSA's warning list on 20 June, which seemed to be a mistake.
The organization offers dispute resolution services and has many reputed brokers as members.
03 Robinhood Sits on a $3B Bitcoin Goldmine despite Crypto Trading Decline
The stock broker is now reportedly the largest BTC holder after Binance and Bitfinex.
Robinhood's crypto trading volume dropped 38% YoY to $3.4 billion in July.
04 CQG Trader Platform Retires; Twitter to Collect Biometric Data
Also, the FCA released new warnings against unlicensed companies; LCH appointed a new CEO.
Read today's FX/CFDs, crypto and fintech sectors' dynamic news.
01 No More “Screen Switching”: Pepperstone Floats Spread Betting on TradingView
The feature is available to the broker's traders in the UK.
Pepperstone UK during fiscal year 2022 saw a surge in profit before tax.
02 IG Group's American Arm Joins FIA, Expands Its Global Trading Network
IG entered the US market in 2021 through the $1 Billion acquisition of tastyworks.
The group's revenue from its US operations surged 47% to £191.3M in FY23.
03 Tiger Brokers Parent Hits $65.1B Trading Volume in Q2, Two-Year High in Profit
UP Fintech reports an increase of 23.5% YoY in Q2 2023 revenue, reaching $66.1 million.
The company's non-GAAP profit soars to $15.3 million, marking a two-year record high.
04 Invest Smarter with Copy Trading: Kwakol Markets Puts Expertise at Your Fingertips
Kwakol Markets puts expertise at investors’ fingertips with their innovative copy trading model.
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