ADVFN UK Market News

Tag: Crypto

  • Webull Relaunches Crypto Trading in the U.S

    Webull Relaunches Crypto Trading in the U.S

    Webull (NASDAQ:BULL), the fast-growing digital investment platform, has officially resumed cryptocurrency trading for its U.S. clients, marking a major milestone in its post-IPO evolution. The move comes after a two-year pause initiated during the company’s IPO preparations and regulatory restructuring. Now, with over 50 digital assets available and a fully integrated trading experience, Webull is positioning itself as a formidable player in the global crypto market.

    A Unified Platform for Modern Investors

    Previously, Webull users had to access crypto trading through a separate app; Webull Pay. With the latest update, crypto trading is now fully integrated into the main Webull app, allowing users to manage stocks, options, ETFs, and digital assets all in one place 

    This reintegration simplifies the user experience and reflects Webull’s broader mission to offer a seamless, all-in-one investment platform.

    “By reintegrating crypto trading into the Webull app, we are making it easier for customers to access and manage their entire portfolio,” said Anthony Denier, U.S. CEO and Group President at Webull 

    What’s New for U.S. Users?

    Webull now supports 24/7 trading of over 50 cryptocurrencies, including major tokens like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Dogecoin (DOGE) 

    The platform offers:

    • Real-time charts and technical indicators
    • Custom price alerts
    • Institutional-grade security
    • No custody fees
    • Minimum trade size as low as $1

    The crypto services are provided through Webull Pay LLC, a licensed money transmitter, with custody solutions supported by Bakkt Crypto Solutions 

    Regulatory Readiness and Market Timing

    Webull’s decision to pause crypto trading in 2023 was largely driven by its IPO ambitions and the need to align with evolving U.S. regulatory standards. The company officially went public on NASDAQ (Ticker: BULL) in April 2025 

    With improved regulatory clarity and a more favorable political climate in Washington, Webull has now re-entered the crypto space with renewed confidence 

    “This move signals our readiness to comply with U.S. regulations and our commitment to offering secure, compliant digital asset services,” said Denier.

    Global Expansion and Competitive Positioning

    Webull’s crypto relaunch is not limited to the U.S. The company has already rolled out crypto trading in Brazil and plans to expand into additional markets in the coming months 

    With over 24 million users globally, Webull is aiming to challenge established players like Robinhood and Coinbase by offering a unified platform for both traditional and digital assets 

    About Webull

    Founded in 2016 by Wang Anquan, Webull has grown into a global fintech powerhouse. Headquartered in St. Petersburg, Florida, the company offers commission-free trading of stocks, ETFs, options, and cryptocurrencies through its mobile and desktop platforms 

    Key facts:

    • Employees: ~1,100
    • IPO Date: April 2025
    • Market Cap: $7.7 billion
    • Revenue Streams: Payment for order flow, margin lending, crypto trading, premium subscriptions.

    Webull is registered with the SEC, FINRA, CFTC, and is a member of SIPC and NFA, ensuring compliance across its brokerage and crypto operations

  • NBA Star Jaren Jackson Jr. Joins BTCC as Global Brand Ambassador

    NBA Star Jaren Jackson Jr. Joins BTCC as Global Brand Ambassador

    In a landmark partnership bridging sports and digital finance, BTCC, one of the world’s oldest and most secure cryptocurrency exchanges, has signed NBA All-Star Jaren Jackson Jr. as its global brand ambassador.

    Jackson Jr., the Memphis Grizzlies’ defensive powerhouse and 2023 NBA Defensive Player of the Year, joins BTCC to promote crypto education and trading accessibility. The collaboration marks BTCC’s first sports sponsorship, aiming to connect with younger, tech-savvy audiences through Jackson’s influence.

    “BTCC isn’t just another crypto brand—they’ve been in the game for over a decade,” said Jackson Jr. “Their long-term mindset matches mine perfectly.”

    Founded in 2011, BTCC is a pioneer in the crypto exchange space, known for its impeccable 14-year safety record—with zero reported hacks or breaches 

    The platform offers:

    • Spot trading for over 240 crypto pairs
    • Futures trading with up to 500x leverage across 360+ pairs
    • Copy trading and demo accounts for beginners
    • Tokenized assets including gold, silver, and U.S. stocks2

    BTCC is fully licensed and regulated in the USA, Canada, and Europe, operating under bodies like FinCEN, FINTRAC, and the Lithuanian Register of Legal Entities

    With over 9.1 million users globally, BTCC has become a go-to platform for both novice and professional traders. Its tiered VIP system rewards active users with lower fees, exclusive campaigns, and priority support 

    “Jaren brings authenticity and a championship mindset—values that mirror BTCC’s mission,” said Aaryn Ling, Head of Branding at BTCC.

    Fans can look forward to exclusive content, signed merchandise giveaways, and a crypto trading competition with a major prize pool. The partnership is expected to boost BTCC’s visibility and reinforce its reputation as a secure, innovative, and user-friendly exchange.

    Photo by Edgar Chaparro on Unsplash

  • eToro Profits Down 50% in Q2 2025 as Revenue Slumps for Second Straight Quarter

    eToro Profits Down 50% in Q2 2025 as Revenue Slumps for Second Straight Quarter

    Social trading platform eToro Group Ltd (NASDAQ:ETOR) has posted its second consecutive quarterly decline in revenue and profit, marking Q2 2025 as its least profitable quarter since 2023 

    Following its IPO in May, eToro reported a 44% drop in total revenue and income, falling from $3.76 billion in Q1 to $2.09 billion in Q2. Adjusting for crypto-related revenue and costs, the company’s net revenue stood at $217 million, down 4% from $227 million in Q1 and significantly lower than the $262 million recorded in Q4 2024 

    Net income also took a hit, plunging 50% to $30 million, compared to $60 million in the previous quarter.

    Despite the financial downturn, eToro saw a modest increase in funded accounts, rising to 3.63 million, and an 18% growth in Assets Under Administration, reaching $17.5 billion—boosted by strong equity and crypto market valuations 

    eToro’s stock performance mirrored its financial results. After peaking at $79.96 in early June, shares have dropped over 30%, closing at $55.30, just above its IPO price of $52 

    CEO Yoni Assia remained optimistic, highlighting product innovations and geographic expansion:

    “We delivered another strong quarter in terms of innovation, launching 24/5 trading for U.S. equities, new long-term portfolios with Franklin Templeton, and savings products in France. Our new Singapore hub also strengthens our presence in Asia.”

    Looking ahead, eToro plans to invest in tokenization and AI-driven tools to enhance retail investor engagement and unlock new growth opportunities.

  • Hamak Gold Dives into Digital Assets with £1.77M Bitcoin Purchase and Archax Partnership

    Hamak Gold Dives into Digital Assets with £1.77M Bitcoin Purchase and Archax Partnership

    In a bold pivot toward digital finance, Hamak Gold Limited (LSE: HAMA) has announced the acquisition of 20 Bitcoin, marking its first investment in digital assets. The move, valued at £1.77 million, is part of a broader treasury strategy aimed at diversifying the company’s balance sheet and enhancing shareholder value.

    The Bitcoin purchase, made at an average price of £88,569 per coin, signals a strategic shift for the junior gold exploration company, which is primarily focused on African mining projects. Hamak Gold is now positioning itself as a hybrid player in the resource sector—combining traditional gold assets with the disruptive potential of digital currencies.

    Strategic Alliance with Archax

    To support this new direction, Hamak Gold has entered into a partnership with Archax, the UK’s first FCA-regulated digital asset exchange, broker, and custodian. Archax will provide secure custody and trading infrastructure for Hamak’s Bitcoin holdings, ensuring regulatory compliance and institutional-grade asset management.

    “We are pleased to be delivering on the initial plan we announced to the market just a few weeks ago,” said Nick Thurlow, Executive Chairman of Hamak Gold. “We’re excited to partner with Archax, the premier UK-regulated crypto trading and custody firm.”

    Archax CEO Graham Rodford welcomed the collaboration, noting the complementary nature of Bitcoin and gold as stores of value. “Bitcoin’s fixed supply of 21 million units is often cited as a distinguishing feature by market participants seeking alternatives to inflation-prone fiat currencies—complementing gold’s long-standing role,” he said.

    A New Model for Junior Miners?

    Hamak Gold’s dual-asset strategy is a rare move in the junior mining space, where companies typically focus on physical commodities. By integrating Bitcoin into its treasury, the company aims to create a low-correlation hedge against traditional equity market cycles, while tapping into long-term digital asset trends.

    The initiative is part of a broader treasury framework that includes strategic reserves, liquidity tools, and non-dilutive value protection mechanisms. The company also hinted at upcoming high-level appointments to bolster its digital asset expertise.

    About the Companies

    Hamak Gold Limited is a UK-listed gold exploration firm with operations in Africa. Through its listing on the London Stock Exchange, it offers investors exposure to both traditional mining and digital asset strategies.

    Archax, based in London, is a fully regulated digital asset platform catering to institutional investors. It offers services across the digital asset lifecycle—from token issuance and fundraising to trading and custody.

  • Crypto.com Appoints Saxo Bank Veteran Nicolò Pagliari as Global VP of Growth and Media

    Crypto.com Appoints Saxo Bank Veteran Nicolò Pagliari as Global VP of Growth and Media

    In a strategic move that underscores the accelerating convergence between traditional finance and digital assets, Crypto.com has appointed Nicolò Pagliari as its new Global Vice President of Growth and Media, marking another high-profile talent acquisition from the CFD and retail brokerage sector.

    Pagliari, formerly Head of Marketing for Asia-Pacific at Saxo Bank, brings over seven years of experience in digital strategy and regional campaign leadership. His transition to Crypto.com reflects a broader industry trend: seasoned executives from legacy financial institutions are increasingly pivoting to crypto platforms and proprietary trading firms.

    Pagliari began his tenure at Saxo Bank in Copenhagen as a Digital Marketing Strategist, later relocating to Singapore to lead marketing efforts across Asia-Pacific. His appointment at Crypto.com follows a series of senior hires from traditional brokers, including Chris Old (ex-IG Group) as VP of Organic Growth, Kevin Algeo as Head of Capital Markets, and Alex Ratford as Partnerships Lead.

    In a LinkedIn post announcing his move, Pagliari described the opportunity as “one you can’t say no to,” citing Crypto.com’s ambitious global expansion and commitment to innovation. “The scale of international growth and product development is at a critical turning point,” he wrote, “and I’m energized to contribute to this phenomenal journey.”

    The appointment aligns with Crypto.com’s aggressive push into regulated financial products, including CFDs, stocks, and futures. Earlier this year, the company acquired a CySEC-licensed broker (formerly BrightFX), securing a MiFID license to operate across Europe. This mirrors similar moves by competitors like Kraken, which launched derivatives trading under MiFID II, and Coinbase, which acquired Deribit to bolster its derivatives footprint.

    Crypto.com now boasts over 140 million users globally, and Pagliari will spearhead user acquisition, media partnerships, and campaign development from his base in Singapore.

    Pagliari’s move is part of a growing migration of talent from traditional brokers to crypto and prop trading firms. A recent FYI study revealed that 40% of CFD brokers lack a marketing head, as competition for top-tier talent intensifies. Other notable transitions include:

    • Michael Kamerman joining FTMO’s brokerage division as CEO
    • Riana Chaili becoming COO after roles at IC Markets and TechFinancials
    • Yassin Mismar, Zoltan Nemeth, and Andreas Andreou pivoting to prop firms and crypto ventures

    Crypto.com President and COO Eric Anziani emphasized the strategic importance of Pagliari’s appointment: “His extensive experience in financial services and regulated markets will be instrumental in building a full-service, fully licensed suite of financial products.”

  • Eightcap Launches CoinDesk 20 Index CFD, Bringing Institutional-Grade Crypto Access to Retail Traders

    Eightcap Launches CoinDesk 20 Index CFD, Bringing Institutional-Grade Crypto Access to Retail Traders

    In a landmark move for the digital asset industry, Australian fintech firm Eightcap has unveiled a new Contract for Difference (CFD) product based on the CoinDesk 20 Index (CD20)—a benchmark that tracks the performance of the most liquid and representative cryptocurrencies. This launch marks the first time the CD20 Index is available as a regulated CFD product to retail traders globally.

    What Is the CoinDesk 20 Index?

    The CoinDesk 20 Index is a carefully curated basket of the top 20 digital assets by liquidity and market representation. It serves as a reliable benchmark for institutional and retail investors seeking exposure to the broader crypto market. By offering a weighted performance snapshot, the index provides a diversified view of the digital asset landscape, helping traders make informed decisions.

    Eightcap’s Strategic Leap

    Eightcap’s decision to offer the CD20 as a CFD reflects its commitment to bridging the gap between traditional finance (TradFi) and the crypto ecosystem. CFDs allow traders to speculate on price movements without owning the underlying asset, making them a flexible and accessible tool for retail investors.

    The CD20 CFD is available in both fiat and USDT pairs, and is offered as an over-the-counter (OTC) derivatives product. This means traders can access the product outside of centralized exchanges, with pricing and execution handled directly by Eightcap.

    Global Reach and Regulatory Strength

    Headquartered in Melbourne, Eightcap holds regulatory licenses across Australia, the UK, the EU, and the Bahamas, positioning it as a trusted provider in the global financial landscape. Its infrastructure, known as Eightcap Embedded, enables seamless integration with fintech and crypto platforms via open APIs, allowing partners to offer regulated derivatives directly within their environments.

    The CD20 CFD is also tradable via TradingView, one of the world’s most popular charting and trading platforms. This integration ensures that millions of traders can access the product through familiar interfaces, enhancing usability and reach.

    Industry Voices

    Patrick Murphy, Chief Commercial Officer at Eightcap, emphasized the significance of the launch:

    “Partnering with CoinDesk Indices allows us to deliver a world-first regulated product that meets the evolving needs of both crypto-native and traditional trading platforms.”

    Alan Campbell, President of CoinDesk Indices, added:

    “The marketplace needs a diversified benchmark for analysis and financial products. We are excited Eightcap will unlock a new distribution path of opportunity, while bringing regulatory standards to the forefront.”

    Expanding Horizons

    Beyond the CD20 CFD, Eightcap plans to roll out USDT-denominated derivatives across traditional asset classes such as equities, indices, forex, and commodities. These products will be priced and executed using Bitfinex markets, enabling stablecoin-native users to access traditional financial instruments with familiar on-chain liquidity.

    The product was officially unveiled at Consensus 2025 in Toronto, during a session titled Unlocking Regulated Market Access at Scale – A New Standard for Crypto Derivatives. The launch was also featured on CoinDesk Live, where Eightcap’s leadership discussed the implications of regulated crypto benchmarks for global retail markets.

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