Robinhood is expanding deeper into the world of prediction markets and derivatives, with the trading app reporting rapid user uptake in its new contracts and announcing plans to operate a regulated futures and derivatives exchange.Prediction Market Volumes on Robinhood Hit MilestonesSince unveiling prediction market contracts in March, the publicly listed (NASDAQ: HOOD) retail trading platform says more than nine billion contracts have changed hands, with over one million users taking part on its platform. JB Mackenzie, Robinhood’s general manager of futures and international, credited “strong customer demand” and signaled plans to grow the offering into a broader financial marketplace.“Our investment in infrastructure will position us to deliver an even better experience and more innovative products for customers.”The prediction market surge comes at a time when similar platforms like Kalshi and Polymarket are reporting record trading volumes. Kalshi, which also partners with Robinhood, logged about $4.47 billion in trading over the past month, while Polymarket reported $3.58 billion for the same period, as retail investors increasingly use these venues to speculate on real-world events.Derivatives Exchange to Launch In 2026Looking to capitalize on this trend, Robinhood will roll out a new futures and derivatives exchange in 2026, becoming the controlling owner and leading market maker. The launch will follow Robinhood’s planned acquisition of MIAXdx, a licensed exchange and clearinghouse regulated by the Commodity Futures Trading Commission (CFTC), and brings in Susquehanna International Group as the initial liquidity provider.Robinhood is introducing a new futures and derivatives exchange and clearinghouse, deepening our investment in Prediction Markets and better positioning us to deliver innovative products to our customers.More in our newsroom: https://t.co/Hqv6EMXZiD pic.twitter.com/JXDkp3c2Tr— Robinhood (@RobinhoodApp) November 25, 2025MIAX, the parent company of MIAXdx, is expected to retain a minority stake in the new venture. Robinhood will use the independent joint venture to serve other commission merchant platforms, aiming to “add more choices for consumers” and provide faster, broader access to market contracts.Industry Race to Capture Prediction Market GrowthRobinhood’s move comes as crypto and fintech competitors expand in the space. Crypto.com recently launched its prediction market, with integration plans involving Trump Media, while Gemini has filed for regulatory approval to open its own event contract marketplace. Public reports also suggest Coinbase is eyeing a similar entry.Industry analysts note that prediction markets, historically a niche, have emerged as one of 2025’s busiest corners of digital trading. The flourishing activity is driven by election-year speculation, new regulatory clarity, and demand for tradable event contracts, which bridge retail and institutional interest in non-traditional risk markets.New betting options, however, have less and less to do with investing. Now contracts cover everything from holiday sneaker releases and Supreme apparel to Pokémon card collections and Pop Mart Labubu figurines. This article was written by Damian Chmiel at www.financemagnates.com.

eToro (NASDAQ: ETOR) rolled out crypto deposits in the United Arab Emirates (UAE), joining a handful of platforms in the region to let users move digital assets from external wallets and exchanges. In addition, local traders can benefit from the stock cashback program, the same one the company introduced in the UK and Europe a few weeks ago.eToro Sweetens Crypto Deposits With Stock Rewards in UAEUAE users can now transfer nine cryptocurrencies, including Bitcoin, Ethereum, XRP, USDC, Chainlink, Aave, Uniswap, Polygon, and Fetch.ai, into their eToro Crypto Wallet before converting those holdings to US dollars for trading across the platform. To promote the new feature, the company is offering 1% back in UAE-listed stocks on conversions, capped at $1,000 monthly through March 31, 2026."Many younger users began investing through crypto, and are now looking for simple, seamless ways to diversify into other asset classes," Doron Rosenblum, executive vice president of business solutions at eToro, said. Users must opt into the program and select from a monthly list of stocks trading on the Abu Dhabi Securities Exchange or Dubai Financial Market.Digital Assets Generate Nine-Tenths of RevenueThe UAE launch extends a broader push by eToro to funnel crypto gains into traditional markets as digital asset trading dominates company revenue. Cryptocurrency accounted for $1.91 billion of the platform's $2.09 billion in second-quarter revenue, or 91 percent of the total. Equities and commodities brought in just $114 million during the same period.Crypto trades jumped 49 percent year-over-year to 10.7 million transactions in July and August, with average trade size nearly doubling to $345. Traditional capital markets activity showed 3 percent growth, reaching 87.7 million equity and commodity trades with average sizes climbing 4 percent to $273.The concentration has held steady through 2025. Crypto represented 93 percent of eToro's $3.76 billion in first-quarter revenue before dipping slightly to 91 percent in the third quarter. Assets under administration reached $19.7 billion in August, up 77 percent from the previous year, while funded accounts grew 15 percent to 3.69 million.Rewards Program Debuts After European RollouteToro first launched the stock cashback model in the UK and Europe on November 6, offering 1 percent back in British or European equities when users deposit and convert crypto to pounds or euros. The promotion runs through the same March deadline with monthly caps of £1,000 for UK customers and €1,000 for European users.The company expanded eligible cryptocurrencies beyond Bitcoin and Ethereum in both markets, adding the same seven tokens now available in the UAE. George Naddaf, managing director of eToro MENA, said more than 90 percent of UAE-based investors express confidence in the long-term performance of local companies.“This will give UAE investors more ways to connect their crypto investments to opportunities in the local market,” he added.eToro entered the UAE market in November 2023 after receiving approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market to operate as a broker for securities, derivatives, and cryptoassets. The platform added over 30 stocks from the Abu Dhabi Securities Exchange in February 2025, representing 88 percent of the exchange's market capitalization.Deposits Build on Payment PartnershipsThe crypto deposit feature follows eToro's September partnership with Lean Technologies to enable instant AED bank transfers in the UAE. That integration let users link their eToro account to local banks for deposits completed in seconds without leaving the app.Earlier in November, eToro introduced a five-dollar monthly Club subscription providing 4 percent cashback, an AI analyst tool, and higher yields on crypto staking. The company has added local currency deposit options across European markets and integrated UAE PASS for streamlined onboarding as part of its regional expansion.Users must convert deposits within the promotion period and select stocks from eToro's monthly list to receive the 1 percent reward, which gets added directly to trading portfolios. This article was written by Damian Chmiel at www.financemagnates.com.

Revolut wrapped up a share sale that pegs the fintech company at $75 billion, pulling in investment from Nvidia 's venture capital unit and several heavyweight institutional investors.The new number represents a sharp uptick from the $45 billion valuation Revolut carried last year. Victor Stinga, the company's Chief Financial Officer, attributed the jump to investor appetite and what he called the company's ability to pair fast growth with actual profits.Revolut Revenue Climbs as Customer Base ExpandsRevolut posted $4 billion in revenue for 2024, a 72% increase from the prior year. Profit before tax hit $1.4 billion, up 149%. The company said that momentum carried into 2025, with its global retail customer base now exceeding 65 million and its business arm bringing in $1 billion on an annualized basis.“The level of investor interest and our new valuation reflect the strength of our business model, which is delivering both rapid growth and strong profitability,” Revolut Chief Financial Officer Victor Stinga said in the statement.The platform offers checking and savings accounts, cross-border money transfers, cryptocurrency and stock trading, along with bill payment and budgeting features. Chief executive Nik Storonsky has set a target of reaching 100 million customers across 100 countries.The transaction drew participation from Coatue, Greenoaks, Dragoneer and Fidelity Management & Research Company, who led the round. Andreessen Horowitz, Franklin Templeton and accounts managed by T. Rowe Price also joined, alongside NVentures, which is deepening ties with Revolut around artificial intelligence applications.Expansion Plans Take Shape Across Multiple RegionsRevolut has been lining up regulatory approvals to enter 30 new markets, including Mexico, Colombia and India. The company received final banking authorization in Mexico and secured a banking incorporation license in Colombia, with launches planned in both countries. An India entry is also in the works.Storonsky has made it clear that obtaining a full UK banking license remains his main focus. Revolut received initial approval in July 2024 and entered a mobilization phase, though the process has stretched over several years. A full license would allow the company to move customers onto a new banking entity and offer them credit products.Employee Liquidity Opportunity Marks Fifth Share SaleRevolut opened the transaction to current employees, giving them a chance to sell shares. This marks the fifth time the company has provided liquidity to staff through such a program.The fintech has earmarked roughly $13 billion to fund its global expansion and infrastructure buildout as it works toward Storonsky's goal of creating what he described as "the first truly global bank". This article was written by Damian Chmiel at www.financemagnates.com.

KuCoin Pay, the crypto payment arm of KuCoin, has integrated with Pix, Brazil’s widely used instant payment system, allowing millions of users to convert over 50 cryptocurrencies into real-world spending. According to the exchange, this move positions crypto as an investment and a practical financial tool for daily life.Join stablecoin builders in London at the fmls25Crypto Payments in BrazilKuCoin’s integration with Pix reportedly enables users to transfer funds directly from their KuCoin wallets to any Brazilian bank account or pay merchants via QR code. The feature supports both crypto and fiat currencies within a single app. By leveraging Pix’s existing network—already serving 175 million users—KuCoin Pay aims to tap into Brazil’s rapidly growing crypto ecosystem, where approximately 12% of the population, or 26 million people, already engage with digital assets.The new platform supports over 50 cryptocurrencies, including BTC, USDT, USDC, and KCS, for instant conversion to Brazilian real (BRL). Users can reportedly pay bills, shop online, or settle in-person purchases without delays.⚡️ UPDATE: KuCoin Pay has integrated with Brazil’s Pix network, letting users convert crypto to reais and pay any Pix-enabled merchant via QR code. pic.twitter.com/JcpRpkf7La— Cointelegraph (@Cointelegraph) November 21, 2025Raymond Ngai, KuCoin Pay Lead, highlighted the significance: "This embodies our commitment to enhance crypto accessibility for all, building on our previously announced on-chain payment solutions as a new step forward in making digital assets practical for everyday life."Reducing Reliance on Cash Pix, Brazil’s instant payment system boosts payments by enabling 24/7 transfers using simple identifiers like QR codes. Its widespread adoption has reduced reliance on cash, increased operational efficiency, and provided affordable access to digital financial services. KuCoin Pay has been designed for merchants and consumers alike. Businesses integrating KuCoin Pay can accept crypto for both online and offline transactions, unlocking new revenue streams and borderless payment options.Meanwhile, KuCoin recently launched KuCoin Institutional, a division designed for professional investors, brokers, and partners. This move follows the company’s retail-focused initiatives, such as KuCoin Pay.The crypto exchange also launched xStocks, a product offering tokenized versions of major U.S. equities, including Tesla, NVIDIA, and the S&P 500 ETF. These assets are now available for trading on KuCoin and are denominated in USDT. This article was written by Jared Kirui at www.financemagnates.com.

British pub quiz regulars will soon encounter a new topic on their weekly answer sheets as Robinhood moves to bring financial education into one of the UK’s most familiar social settings.Discover how neo-banks become wealth tech in London at the fmls25The trading platform announced on Thursday that it is launching a nationwide series of finance-themed quiz nights in November, aiming to spark public interest in money and investing. The trading app is targeting more than 100 pub quiz nights across England. Robinhood Brings Money Talk to the Pub FloorRobinhood partnered with quiz operators Question One and Quiz Live to integrate a dedicated round covering everything from pop culture references to basic investment facts. The questions tie together fictional icons, historical empires, and market benchmarks such as the FTSE 100.Teams from London to Liverpool and Wolverhampton to Hull will reportedly encounter light financial prompts amid familiar rounds. The aim is to encourage people to engage with financial concepts in a casual and social setting.​​“Investing can be a powerful tool for building financial security. Still, financial literacy in the UK remains stubbornly low, not due to a lack of interest, but because clear, accessible money education isn’t easy to come by,” commented Jordan Sinclair, President of Robinhood UK.“By adding a financial twist to a much-loved British institution, the pub quiz, we’re helping to build financial confidence in a way that’s social, fun and approachable.”The quiz nights form part of Robinhood’s broader effort to expand its UK presence and make financial education more relatable. The company said it will analyze anonymous quiz data at the end of the campaign to see where participants show strong understanding and where gaps remain.Where the Quiz Nights Will RunQuiz nights will reportedly take place at pubs across the UK, with venues stretching from Preston, Wolverhampton and Hull in the north to London, Milton Keynes, Cambridge and Windsor in the south. The list includes long-established local pubs as well as city venues with strong quiz followings. The events will be organized and hosted by Question One and Quiz Live. Robinhood staff are, however, not expected to attend. Further reading: Can You Trade Taylor Swift's Next Album? Robinhood Says YesLately, Robinhood has been abuzz with activity, expanding its offerings from prediction markets to mortgages. The fintech giant recently announced that users can now make predictions on Grammy nominations, Oscar winners, Golden Globe outcomes, and whether certain artists will release new albums, alongside the company’s existing sports and political categories.The platform has also introduced contracts tied to cultural and digital trends, including Google search rankings, top Spotify streaming artists, and awards such as TIME Person of the Year. Additionally, Robinhood launched a mortgage benefit for its Gold subscribers, offering discounted rates through a new partnership with Sage Home Loans, marking the fintech company’s latest expansion beyond trading and investing into the highly competitive consumer mortgage market. This article was written by Jared Kirui at www.financemagnates.com.

StockX, the global marketplace for rare and high-demand products, has announced a strategic partnership with Kalshi, the first CFTC-regulated exchange for trading on the outcome of future events. The companies aim to create a new class of event contracts linked directly to consumer culture and resale-market behaviour. Discover how neo-banks become wealthtech in London at the FMLS25A few years ago, traders operated with a standard set of financial tools: commodity futures, equities, treasuries, and, for those seeking more volatility, traditional Forex. Today, the universe of tradable assets has expanded far beyond that list. Sneakers, plush collectibles, trading cards, and even niche hype items are no longer just consumer goods - they are repackaged into financial instruments.Kalshi and StockX effectively turn cultural demand into a regulated market signal. According to the announcement, the partnership introduces “a new category of event contracts” based on aggregated and anonymised StockX market data. As a result, Kalshi users can bet on measurable outcomes tied to products released, sold, or traded on StockX.How the New Financial Instrument Works The first batch of contracts under the partnership is already live on Kalshi’s platform. All instruments are tied to real-time StockX resale data and allow traders to speculate on quantifiable product outcomes — for example, whether a sneaker will clear a specific resale price level seven days after launch.Currently, the StockX-linked markets fall into three categories: Top-traded brands during major events: Traders can predict which brand will dominate StockX sales during periods like Black Friday and Cyber Monday. Average sales prices for upcoming releases: Participants place bets on what a product’s average resale price will be over seven or 30 days after launch. Monthly average prices for top-selling products: These contracts reflect expected monthly resale prices for selected high-demand items. Among the featured items are a mix of holiday sneaker releases, Supreme apparel, Pokémon Ultra-Premium collections, and popular Pop Mart Labubu collectibles. StockX CEO Greg Schwartz notes that this new format builds on the marketplace’s original vision: “At StockX, we’ve always been committed to providing access to the data our customers need to trade what they love. Adding our trusted market insights to Kalshi’s new product-related contracts takes that commitment a step further.” The Good and the Uncertain According to Mansour, the collaboration demonstrates that expertise developed within fandom communities can translate into financial insight. “Entire fanbases have spent years mastering how to value them. Some of the best quants I know on Wall Street started out as sneaker bot flippers,” he wrote. At the same time, the model raises fundamental questions, as it completely detaches financial speculation from a physical asset. Users do not need to own underlying items like toys or sneakers to be able to bet on outcomes. Thus, the model implies that traders may be focused on herd behaviour instead of the real value of the item, blurring the already thin line between financial analysis and gambling.Kalshi x @StockXLabubu. Supreme. Pokemon. Jordans.Trade collectible prediction markets.Only on Kalshi. pic.twitter.com/EbN3HiP1G9— Kalshi (@Kalshi) November 19, 2025A Regulated Layer: Why Kalshi Matters However, unlike unregulated betting platforms, Kalshi’s contracts operate within CFTC-defined rules, which partially mitigates speculative risks and gives the product a legal footing. Kalshi is currently the only event-trading platform regulated by the U.S. Commodity Futures Trading Commission. This status means that all contracts offered on the exchange must adhere to the same risk-control, reporting, and compliance standards required of traditional derivatives markets.In practice, CFTC oversight ensures that markets are backed by measurable, verifiable outcomes and that trading occurs within a transparent, legal framework. It also ensures that retail investors are protected from the unregulated, casino-like structures common in offshore prediction markets. Kalshi’s regulated status adds value to the partnership and marks a pivotal shift in the approach of the U.S. regulator, effectively giving the green light to turning hype into a tradable asset.Prediction Markets Gain MomentumThe rapid growth of prediction markets further highlights the importance of Kalshi’s regulated footprint. In October 2025, combined volumes on Kalshi and Polymarket surpassed $7.4 billion, with Kalshi capturing roughly 66% of the market. According to Jack Such from Kalshi, who leads Business & Media Development at Kalshi, prediction markets have the potential to become a trillion dollar asset class. Analysts now expect that prediction markets could reach as much as $95.5 billion by 2035 driven by institutional participation, DeFi integrations, and advances in AI-powered forecasting.Earlier this month Gemini Space Station announced plans to enter prediction markets business, joining a growing list of financial firms trying to capitalise on the trend. Coinbase is also said to be developing a prediction markets website backed by Kalshi. This article was written by Tanya Chepkova at www.financemagnates.com.

Zopa Bank launched investment products through a partnership with infrastructure provider Upvest, intensifying competition with Revolut as the smaller digital bank adds brokerage services to match its larger rival's offerings.Zopa Challenges Revolut With Investment Products LaunchThe digital bank rolled out general investment accounts and stocks and shares ISAs in beta to current customers, with plans to open access to the broader public early next year. Zopa faces an uphill battle against Revolut, which serves 10 million UK customers and operates a trading platform with more than 650,000 active users.“Zopa Investments are being rolled out in beta to existing customers before becoming available to the wider public in early 2026, initially targeting those 15 million UK adults who hold more than six months’ income in cash but are not yet investing,” the company commented in a statement.Customers can open accounts with £1 minimum deposits and move money in and out while maintaining full annual ISA allowances, according to the announcement. The bank plans to add exchange-traded funds and additional features after the initial rollout, mirroring Revolut's strategy of expanding investment options over time.“For far too long, Brits have been sitting on billions of cash, not because they don’t want to invest, but because they don’t know where to start. At Zopa, we’re changing that,” Merve Ferrero, CSO at Zopa, said. This is another step by the smaller challenger this year to take on British fintechs, including Monzo, after launching current accounts in June and expanding significantly since its initial P2P lending offering.Size Gap Creates Uphill CompetitionRevolut dwarfs Zopa across nearly every metric, operating with a customer base more than six times larger and a $45 billion valuation earned through rapid international expansion. The fintech giant added 10 million customers during 2024 alone, matching the total growth trajectory Zopa would need several years to achieve at current rates.Revolut received a standalone UK trading license from the Financial Conduct Authority in November 2024, allowing the platform to offer UK and EU-listed stocks and ETFs starting in 2025. The company currently provides access to more than 4,000 stocks across US, UK, and European markets through its investment platform.Digital Bank Builds Full Product SuiteThe bank reported £20.7 million in profit during the first half of 2025, tripling year-earlier results, while revenue climbed 30% to £303.4 million for the full 2024 year. One in four Zopa customers now holds multiple products with the bank, indicating success in cross-selling lending, deposit, and transaction accounts.Introducing Biscuit, our sweet, free-to-open bank account. Earn interest, get cashback on bills, and spend fee-free on your card abroad. Learn more: https://t.co/dbJXmYKTAP#BankWithBiscuit pic.twitter.com/LEkV0UmWeo— Zopa Bank (@Zopa) June 24, 2025Upvest's Investment API processes internal transfers between Zopa's existing cash ISAs and the new stocks and shares ISAs, eliminating manual paperwork that typically delays account migrations. The Berlin-based technology company also powers investment platforms for Revolut, creating a situation where the same infrastructure provider supports both competitors.“We’re proud to be powering Zopa’s brand new capabilities with Upvest’s Investment API. Our partnership will make investing easy, simple, and trustworthy for Zopa’s 1.6 million customers as it enters its next phase of growth,” added Symmie Swil, UK General Manager of Upvest.Upvest works with several major brands in the European market, most recently partnering with IG to help the London-listed brokerage introduce stock trading in France. Earlier, the company enabled Webull UK to add London-listed shares to its offering.If you enjoy my work, please consider clicking the "follow" button below to stay updated with my latest articles and analysis. This article was written by Damian Chmiel at www.financemagnates.com.

SWIFT is preparing for a major structural change in the global payments system. The shift will end an older messaging framework and introduce a data-driven approach to cross-border transactions.Discover how neo-banks become wealthtech in London at the fmls25On 22 November 2025, SWIFT will complete its migration to the ISO 20022 CBPR+ standard. The network connects more than 11,000 banks and financial institutions across over 200 countries. The cutover will retire the long-standing MT format for core payment instructions and replace it with a unified framework built for richer, more consistent data.SWIFT has also tested connections with blockchain networks to explore cross-border transfers, CBDC payments, and asset tokenization.End of the Dual-Format PeriodThe transition has been underway since March 2023, when SWIFT entered a coexistence period allowing both MT and MX formats. This period ends on 22 November 2025. After that date, financial-institution-to-financial-institution payment instructions must be sent exclusively in ISO 20022. [#highlighted-links#] Institutions continuing to use MT for core cross-border payments risk delays, rejections, or forced conversions through contingency services, which add costs and reduce transparency.Connected BlockchainsSWIFT has tested connections between its ISO 20022 framework and several blockchain networks. Ripple has been used for interbank settlements and CBDC payments. Stellar has supported cross-border transfers and stablecoins. Algorand has been trialed for asset tokenization and digital bonds. Hedera has been applied to corporate and government registries. Quant functions as a gateway between banks and blockchains.Industry observers expect that by January 2026, further integration of CBDCs and tokenized assets will take place, potentially supporting new models of digital monetary transactions and cross-network interoperability.Operational Advantages Murthy Maddali, Managing Director at Techwave, highlights that “ISO 20022 facilitates improved compliance with regulations like AML and GDPR through enriched data.” He adds that “automation reduces costs and errors while accelerating processing speed,” and notes that its “API-driven integration offers scalability, enhanced customer transparency, and robust encryption-based data security.” The standard is also designed to reduce fraud and human error, improve traceability, and support cross-border trade, while enabling all participants to communicate using a consistent messaging framework for cross-border payments under CBPR+.Final Migration TimelineSWIFT has divided the last phase into three stages. On 17 November 2025, ISO 20022 enters full operational readiness. Between 17 and 24 November, banks and market infrastructures across Europe, Asia, and the United States will conduct synchronized migration steps. The full switch on 22 November marks the point when MT payment instructions become unsupported for live traffic.Citibank is leading the ISO 20022 migration for SWIFT. Every bank will follow, this is the new standard for global payments.ISO 20022 fixes messaging, not settlement. That’s the gap. #XRP is the bridge that makes real-time value transfer possible.https://t.co/4RHx9A7CtV pic.twitter.com/H0HuerdH7Y— Black Swan Capitalist (@VersanAljarrah) September 10, 2025Scope of the ChangeThe cutover applies mainly to payment instruction messages, which are central to correspondent banking operations. Some other MT categories, such as reporting and investigations, will remain in place under a phased roadmap beyond 2025. However, the main effect is significant: core cross-border payments will move to a single modern standard for the first time.Purpose of Adopting ISO 20022ISO 20022 provides richer and more structured data, improving automation, reconciliation, compliance screening, and processing efficiency. More detailed data reduces manual work and lowers the likelihood of errors. Regulators consider the increased granularity useful for transparency and financial-crime monitoring.Connection to Market InnovationThe standard aligns with developments in tokenization, programmable payments, and central bank digital currency initiatives. SWIFT has conducted trials linking its interface to distributed-ledger networks to test how tokenized assets or CBDCs could move across different systems. These trials are exploratory, not full production deployments, but they indicate how the messaging shift may support future interoperability.Industry Expectations After the CutoverObservers expect that attention will shift in early 2026 toward experiments with tokenized securities, on-chain settlement models, and early CBDC interoperability frameworks. ISO 20022’s structured data model is viewed as a prerequisite, allowing traditional institutions to interact with digital-asset systems through standard fields and consistent formats.Operational Readiness and RisksBanks still preparing face increasing urgency. SWIFT has warned that missing the November deadline could result in operational disruptions, higher processing costs, and reduced efficiency. Central banks and industry groups in several regions have launched readiness programs to support testing and training.Industry participants believe the cutover will create a more standardized environment for core cross-border payments. They expect improvements in data quality, operational efficiency, and the ability to accommodate emerging payment technologies. The full implications of the transition will become clearer once ISO 20022 is fully implemented and market participants adjust their systems and processes. This article was written by Tareq Sikder at www.financemagnates.com.

Global financial technology firm Ebury has announced a three-year partnership with F.C. Copenhagen, becoming the football club’s first official foreign exchange (FX) partner. The deal is a part of Ebury’s broader expansion into the Nordic region, which is being supported by the opening of a new office in the Danish capital. Discover how neo-banks become wealthtech in London at the FMLS25 Sports Partnerships as a Market Entry Strategy The F.C. Copenhagen deal is the latest move within Ebury’s well-established global playbook: embedding itself within professional sports to secure its market presence. The firm has built a diverse portfolio of football club partnerships that spans Europe and South America, targeting teams with complex cross-border financial needs. Ebury’s roster includes UK clubs like Fulham FC and Southampton FC, Dutch powerhouse PSV Eindhoven, AS Monaco, C.D. Leganés in Spain, and even Brazilian champions Botafogo. By providing FX and payment solutions, Ebury helps these clubs manage the complexities of international player transfers, global travel, and merchandise sales.Mikkel Grove Lindsted, the club’s Commercial Director, welcomed Ebury as “a very exciting and solid international company with plenty of experience from, for example, the Premier League,” adding that the deal offers Ebury “a strong network among partners and companies in Scandinavia.”Founded in 1992, F.C. Copenhagen is one of Scandinavia’s most successful clubs, built on the legacy of Kjøbenhavns Boldklub (KB) and Boldklubben 1903 (B1903), two of Europe’s oldest football institutions. The team has won a record 16 Danish championships and 10 domestic cups, and has appeared in more European group stages than any other Danish club, including three UEFA Champions League qualifications in the past four seasons. F.C. The club also has one of the largest and most active fan bases in Denmark and the wider Nordic region, with more than 300,000 followers on Facebook and over 100,000 on X (formerly Twitter). Nordic Expansion Backed by New Copenhagen OfficeEbury is entering a region that is already highly competitive. Several major international fintech and payments providers firmly established across the Nordics. Players such as Revolut and Wise have built strong user bases by offering low-cost international transfers and streamlined cross-border payments. Against this backdrop, Ebury is positioning itself as a specialist in complex FX, trade finance, and treasury solutions for internationally active organisations, including sports clubs. “As we expand our footprint in the Nordics with the opening of our new Copenhagen office, we’re proud to support the Club’s global ambitions and help power their success both on and off the field,” said Peter Brooks, Global Head of Sport at Ebury.Ebury, a London-based fintech majority-owned by Banco Santander, has grown rapidly in recent years, reporting revenues of £286.5 million in its 2025 fiscal year by specializing in financial services for small and medium-sized businesses. This article was written by Tanya Chepkova at www.financemagnates.com.

eToro has expanded its partnership with Moneyfarm to introduce a Cash ISA for UK customers. The product is designed to offer a competitive return on cash held within the ISA. It aims to provide a flexible saving option alongside eToro’s existing investment accounts.Join IG, CMC, and Robinhood in London’s leading trading industry event!The launch comes at a time when the role of Cash ISAs in the UK savings landscape is drawing new scrutiny. IG recently launched its “Save Our Stock Market” campaign, arguing that the shift of savers into tax-advantaged Cash ISAs weakens domestic equity markets. IG’s policy proposals include ending new Cash ISA openings and reducing the allowance to push more savings toward shares. eToro Launches Cash ISA for UKDan Moczulski, eToro’s UK Managing Director, said the product offers a “market-leading rate” and may suit customers who prefer to hold cash until “the right opportunity” to invest. He added that the Cash ISA complements features such as stock-back rewards and recurring investments.Eligible eToro UK clients will be able to access the Cash ISA until 31 December 2025. The account offers a 4.67% AER for the first year, combining a 3.87% variable base rate with a fixed 0.8% boost on the first deposit or transfer. A minimum deposit of £500 or transfer of £15,000 is required.eToro Offers Integrated Savings and InvestmentseToro said the Cash ISA responds to growing demand for “transparent, high-yield cash solutions” that sit next to investment accounts. The ISA is held in Qualifying Money Market Funds and works alongside the platform’s Stocks & Shares ISA and Managed ISA. Clients can move funds between ISA types within the app.Moneyfarm’s Chief Commercial Officer, Fabio Zampaglione, said the product reflects a shared aim to provide “smart, flexible financial products.” He noted that seamless transfers between ISA categories are designed to help customers manage their money in one place.UK Government Introduces Reforms to Boost Retail InvestmentThe UK government recently introduced the “Leeds Reforms” to encourage retail participation in financial markets. The measures aim to increase investment in higher-return products. The reforms align with IG’s campaign “Save Our Stock Market,” which highlights concerns over reliance on cash savings and encourages households to shift funds into investments. Government data show over 29 million adults hold money in low-interest accounts, while equities have averaged around 9% annual returns over the past decade. This article was written by Tareq Sikder at www.financemagnates.com.

Robinhood (NASDAQ: HOOD) is building toward a system where stock ownership could function more like cryptocurrency holdings, according to an executive at the blockchain firm that powers the brokerage's European tokenization project.If the fintech’s plans move forward, users would be able to withdraw their tokenized equities off-platform or use them, much like digital assets, as collateral for crypto loans.Robinhood Maps Out Three-Phase Plan for Tokenized Stock TradingThe company has charted a three-phase plan that starts with its recently launched tokenized stock offering in Europe and ends with users being able to move those assets freely across decentralized finance platforms, A.J. Warner, Chief Strategy Officer at Offchain Labs, said in an interview at Devconnect in Buenos Aires. Offchain Labs developed Arbitrum, the layer-2 network underlying Robinhood's tokenized offerings.The initial phase, already live, lets European Union customers trade tokenized versions of nearly 800 publicly traded U.S. securities through the Robinhood app. The company has said it plans to add private equity exposure to the offering. But those tokens remain trapped inside Robinhood's platform for now, with no way to transfer them to external wallets or other applications.You may also like: "The Public Has Spoken": CFTC Chief Goes All-In on Tokenized Markets Calling Them "the Future"CEO Frames Tokenization as Market RevolutionRobinhood CEO Vlad Tenev has staked his company's future on the bet that tokenization will reshape capital markets. In an interview with The Iced Coffee Hour podcast, Tenev called tokenization "the biggest innovation in capital markets in well over a decade," pointing to live pilots in Europe and prototypes involving SpaceX and OpenAI.The goal extends beyond simply offering new products. Tenev wants to allow users worldwide to access U.S. stocks, trade them around the clock, and eventually add traditionally hard-to-reach investments like art, real estate, or private equity to their portfolios. He described the vision as creating a "family office in your pocket" that could serve users "whether you're zero years old or, you know, a hundred years old."Current regulations on accredited investors remain an obstacle to fully democratizing private market access. "You can't invest in a private company unless you're a high net worth individual,” Tenev added.Not everyone agrees with Tenev, however. Kraken CEO Arjun Sethi, for instance, is not a supporter of tokenizing shares in private companies, calling it a “terrible idea” from a retail-trading perspective.Round-the-Clock Trading on the HorizonPhase two of the roadmap centers on infrastructure changes, Warner said. Robinhood acquired crypto exchange Bitstamp for $200 million earlier this year, and Warner indicated that acquisition will support efforts to enable 24/7 trading of stock tokens. That would eliminate the time constraints of traditional equity markets, which operate during set hours on business days.The most significant shift would arrive in phase three. Warner said stock tokens would become permissionless at that stage, meaning users could withdraw them from Robinhood and deploy them across decentralized finance protocols. A customer could theoretically purchase tokenized Apple shares, pull them out of the Robinhood app, and use them as collateral in a lending application like Aave."The way they describe phase 3," Warner said, "is for assets to be permissionless and have the user's ability to interact with DeFi applications."That model would represent a departure from how retail equity trading currently works, where shares remain inside brokerage accounts and trades get processed through central clearinghouses. Instead, stocks would function as programmable units in an open financial system.Technical Hurdles for Financial InfrastructureOne obstacle to making stock tokens permissionless involves compatibility between different types of code. Robinhood's core systems for matching trades and maintaining ledgers run on programming languages like C++ and Rust. Those languages don't work natively with Ethereum, where smart contracts typically get written in Solidity.Rewriting existing financial infrastructure would require significant time and carry execution risk. Warner said Offchain Labs built Arbitrum Stylus to address that problem. The technology allows developers to write smart contracts in C++, Rust, and Python while maintaining compatibility with the Ethereum Virtual Machine.Whether regulators in the EU and elsewhere will permit fully permissionless tokenized securities remains unclear. Financial authorities typically require licensed intermediaries to hold customer assets and maintain compliance controls. A system where users can freely move tokenized stocks to anonymous wallets and use them in unregulated lending protocols could face regulatory pushback.The World Federation of Exchanges has warned that tokenized assets such as stocks could undermine market integrity, a signal that established players may resist losing their centralized role. Robinhood has built its reputation on disrupting incumbents, having pioneered the commission-free trading model that forced traditional brokerages to eliminate fees. This article was written by Damian Chmiel at www.financemagnates.com.

Artificial intelligence could give retail investors access to insights that were previously limited to top hedge funds, according to eToro CEO Yoni Assia.Discover how neo-banks become wealthtech in London at the fmls25"AI knows the best investors in the world," Assia told Yahoo Finance, noting that it has processed books, memos, and information from leading investors. He added that this technology can put "in your hand a retail investor, power that was available only to the top, top quantitative, most sophisticated hedge funds."In August, eToro launched a set of AI tools and APIs allowing users to build their own investing tools. The platform also introduced Tori, a chatbot that can analyze portfolios and answer user questions.Users Can Simulate Buffett, Graham StrategiesSome users have developed applications reflecting the strategies or personas of famous investors like Warren Buffett and Benjamin Graham. "I want their personas…to comment on my portfolio," Assia explained. "And then I want to rebalance my portfolio based on their insights."Tori also allows users to track market developments and see how they affect their holdings. "You can ask what happened yesterday in the markets and how it impacts my portfolio," Assia said.Assia, who started trading at 13, co-founded eToro in 2007 as a social investing platform. He emphasized that while trading requires time and effort, investing is something that everyone can learn. "Trading [is] like professional sports, you need to invest a lot of time and effort to become a good trader over time," he said.Net Income Rises, Crypto Drives RevenueMeanwhile, eToro reported modest third-quarter growth, with net income rising to $57 million and net contribution reaching $215 million. Revenue grew 28% year-over-year, driven mainly by cryptocurrency trading. The platform added 100,000 funded accounts, bringing the total to 3.73 million, while assets under administration reached $20.8 billion. The board approved a $150 million share buyback, and the company is exploring prediction markets to expand user engagement. Adjusted EBITDA increased moderately, reflecting revenue growth and cost management. This article was written by Tareq Sikder at www.financemagnates.com.

New Zealanders have lost a staggering $265 million to bank scams in the past 12 months, according to data compiled from 12 major banks. The figures, released by Payments NZ, reveal how quickly fraudsters are exploiting both online payments and personal banking details.Join IG, CMC, and Robinhood at London’s leading trading industry event!The report highlighted two main types of scams: those where victims are tricked into sending money and those in which personal information is stolen without the account holder’s knowledge. Cases of Phishing Scams“The report shows a reported gross figure of $265 million was taken from Kiwi accounts by scammers,” the announcement noted. “This includes both cases where people were tricked into sending money and those where personal details were stolen without the knowledge of the account holder.”Experts warn that scammers are constantly finding new ways to trick people. Regular vigilance, cautious handling of messages and emails, and awareness of personal data security can significantly reduce the risk. Banks and consumer protection agencies continue to provide resources to help individuals stay informed and safeguard their finances.In the past, New Zealand’s financial market regulator targeted several avenues in an attempt to curb fraud. The FMA earlier reported that many users have fallen into scam investments after receiving unexpected invitations to join online chat groups.Scammers Exploit Chat GroupsThese messages, often unsolicited, lure recipients into discussions about investing, prompting concerns over the rapid spread of such schemes across multiple social media platforms. The FMA warned that fraudsters frequently impersonate bank or investment firm employees, presenting seemingly attractive investment opportunities.In the crypto space, New Zealand also announced plans to ban cryptocurrency automated teller machines, with a NZ$5,000 limit on international cash transfers, Associate Justice Minister Nicole McKee said. Currently, more than 200 crypto ATMs reportedly operate across the country, according to Coin ATM Radar, and these machines will need to be removed once the ban takes effect.McKee said the measures are part of a broader effort to combat money laundering and organized financial crime. By restricting access to crypto ATMs, authorities aim to make it more difficult for criminals to convert cash into high-risk assets like cryptocurrencies. This article was written by Jared Kirui at www.financemagnates.com.

Revolut has submitted an application to operate as a licensed bank in South Africa, filing paperwork with the country's Prudential Authority as it targets its first banking license on the continent.The London-based fintech confirmed it has lodged a Section 12 application under the Banks Act, starting the regulatory process that typically stretches 18 to 24 months before approval or rejection.Revolut Names Veteran Banker as Chairman for South African OperationsTo steer its South African operations, Revolut tapped Dr. Gaby Magomola, a four-decade banking veteran who previously ran African Bank and served as Deputy Chairman of the Development Bank of Southern Africa until recently. Magomola will formally assume the Chairman role in January 2026."Revolut has proven to be a catalyst for change in global finance, and I look forward to guiding its mission in South Africa," Magomola said. "Our goal is not just to launch a product, but to champion greater financial access and innovation for everyone across the country."Revolut continues to seek new markets, and the strategy appears to be paying off. Last week, the fintech reported that its Singapore unit saw a 125 percent surge in customers. In the second quarter, the company’s revenue reached $1.4 billion, growing by nearly 50 percent compared with 2024.Crowded Field for Digital ChallengersRevolut's move puts it in direct competition with several digital banks already fighting for customers in Africa's most developed banking market. Old Mutual launched OM Bank in September after a near-decade buildup that included a 2022 license application and more than $135 million in technology investment. TymeBank claims over 8.5 million account holders, while Discovery Bank and Bank Zero have built smaller but growing customer bases since their respective launches.The South African banking sector holds roughly 900 billion rand ($50 billion) in assets, with the five largest institutions - Standard Bank, FirstRand, Nedbank, Absa, and Investec - controlling nearly 90% of total sector assets as of March 2023.Revolut operates with banking licenses in Lithuania, Australia, Mexico, and Japan, although the authorization in its home country, the UK, remains restricted. The company announced in September it would deploy $13 billion across global expansion efforts, targeting 100 million customers by mid-2027. South Africa represents its entry point for Africa, with additional license applications underway in Mexico, Colombia, and Argentina.Regulatory Gauntlet AheadIf regulators move without delays, Revolut could receive initial feedback by mid-2026, with full approval possible in late 2026 or early 2027. A full license would allow the company to take deposits, extend credit, and offer multi-asset financial products under South African law.Jacques Meyer, who runs Revolut's South African unit, said Magomola's counsel would prove useful as the company works through local regulatory requirements. "His strategic counsel will be critical in navigating the local regulatory environment, ensuring we build a locally relevant service that addresses the financial needs of all customers in South Africa," Meyer said.Magomola spent years at Citibank, Barclays, and First National Bank before leading African Bank. He holds honorary degrees from the University of South Africa and the University of Zululand, and received Freedom of the City honors in Birmingham, Alabama. Revolut was founded in 2015 by former derivatives trader Nikolay Storonsky and software engineer Vlad Yatsenko. The company is currently eyeing an IPO with a potential market cap of $75 billion. This article was written by Damian Chmiel at www.financemagnates.com.

eToro’s users now have round-the-clock access to all stocks in the S&P 500 and Nasdaq 100 for five days a week, as the trading and investing platform ramps up its extended trading service.eToro Adds 24/5 Trading to Full S&P 500, Nasdaq 100Trading on eToro is now available from Sunday, 8:05 p.m. to Friday, 4:00 p.m. ET, opening US equities to global investors at times that suit their own schedules. It also expands from the initial batch of 100 stocks covered when the feature launched in July.“Our mission has always been to open the global markets and make trading accessible to everyone, everywhere,” Yossi Brandes, VP of Execution Services at eToro, said. “The S&P 500 and Nasdaq 100 represent some of the world’s most influential companies, and now with 24/5 trading our users around the world have the flexibility to trade them at their own convenience. We will continue to add more assets and to expand our 24/5 offering to meet the evolving needs of our global community.”Extended trading hours on eToro put it in direct competition with brokerages such as Schwab and Fidelity, which have rolled out similar access to attract active investors wanting to react to overnight price swings. For many retail investors outside the US, the ability to trade American stocks during local daytime hours helps level the playing field with institutional traders.The move comes as retail interest in after-hours trading continues to climb, fueled by a surge in market events that happen outside traditional 9:30 a.m. to 4:00 p.m. ET windows.For eToro, which recently listed on the Nasdaq, broadening its service marks an attempt to capitalize on that shift and compete in an increasingly crowded US market.eToro Posts 48% Net Income Annual Gain in Q3The timing comes on the heels of a robust third quarter where the platform notched a 48% jump in net income year-over-year, reflecting strong demand from its expanding user base. Quarterly results showed net income at $57 million for the three months ended September 30, compared to $38 million in Q2, even after accounting for IPO-related expenses in the previous period. Revenue climbed 28% annually. However, those headline gains masked a slower sequential uptick: net contribution rose just 2.4% quarter-over-quarter to $215 million, and new funded accounts increased by 2.8% to 3.73 million. Assets under administration surged to $20.8 billion, but October saw a slight dip to $20.5 billion—indicating volatility or withdrawals. Shareholders responded positively to the results, with eToro’s stock jumping 9% after the announcement. The company also revealed a $150 million share buyback program, indicating confidence in its valuation and positioning for potential mergers or deals. Overnight Trading Means Higher VolatilityTrading outside standard hours can bring greater price volatility and wider spreads due to thinner liquidity, eToro cautioned in both recent announcements. The company noted that stop loss and take profit orders may be triggered unexpectedly during nighttime sessions, and encourages clients to review positions and investment plans ahead of the transition.The World Federation of Exchanges (WFE) also recently highlighted the potential dangers of extended trading, stating that 24/7 trading is “not inevitable nor universally desirable.” It further warns against “mimicked stock tokens” and notes that extended investing will not be suitable for every market. This article was written by Damian Chmiel at www.financemagnates.com.

Ebury has launched a mobile application designed to let businesses manage international payments and currency conversions from their smartphones. The app provides access to live exchange rates, transaction tracking, account balances, and approval functions for more than 130 currencies.According to the company, the platform is available on both Apple and Google app stores. The launch reflects the firm’s ongoing efforts to expand access to its technology platform for clients operating across multiple markets.Join stablecoin builders in London at the fmls25Mobile Access to Payments and FX“Our clients are operating in an increasingly fast-moving and unpredictable global economy,” commented Enrique Colin, Chief Product, Technology and Data Officer at Ebury. “They need the freedom to make payments, manage cash flow and monitor their finances on the go, and that’s exactly what the Ebury app delivers.”.@ebury_fintech Launches a New Mobile App to Help Clients Manage Global Cash Flows on the GoRead more: https://t.co/YB1dL5CrD2#Ebury #MobileApp #GlobalCashFlow #Fintech #DigitalBanking #FinancialInnovation #BusinessFinance #FinancialServices #Finance #Fintech #FinancialIT— Financial IT (@financialit_net) November 13, 2025The app allows users to make payments, approve transfers, and convert funds directly from their mobile devices. Clients can monitor transactions in real time, check account balances, and respond to approvals within seconds.You may also like: XRP Joins ETF Market as Canary Capital Debuts First U.S. Spot FundThe app is reportedly designed to provide users with the ability to manage finances while away from their desks, reflecting the demands of a fast-moving global economy.Founded in London in 2009, Ebury now operates across more than 45 offices in over 30 markets and employs roughly 1,800 staff. The firm provides international payment and currency risk management services to over 21,000 clients.Recent Financial PerformanceThe company offers a single platform for payments, collections, currency conversion, and credit access. Its operations in the UAE are regulated by the Dubai Financial Services Authority, and Banco Santander holds a majority stake. Ebury reported revenues of £286.5 million and an EBITDA of £44.9 million for the fiscal year 2025. The fintech firm is planning a return to the public markets with a London flotation that could value the company at £2 billion, following a previous attempt that was halted due to market instability. Advisers recently indicated the second quarter of 2026 as the probable timing for the initial public offering. This article was written by Jared Kirui at www.financemagnates.com.

Revolut launched a money market fund product for business customers in Singapore, giving small and medium-sized companies access to returns that have historically been limited to large corporations with substantial cash reserves.Revolut Singapore Expands Business Offerings with Money Market Fund AccessThe “Flexible Cash Funds” offering allows businesses on the company's higher-tier plans to earn up to 4.48% annual percentage yield on U.S. dollar deposits, with the ability to withdraw funds within two business days under normal conditions.The product supports British pounds, euros and U.S. dollars across up to 100 separate fund accounts."We're proud to make money market funds accessible to companies of all sizes, not just large asset managers or those with substantial reserves," said James Gibson, head of Revolut Business.The funds manage over $500 million globally in assets under management, according to the company.Revolut has added several features for Singapore business customers in recent months. The company enabled Chinese yuan SWIFT transfers, allowing businesses to send renminbi to international recipients. Integration with Wizz Air, QuickBooks and NetSuite accounting platforms went live for Asia-Pacific users, joining existing connections with Xero and FreeAgent.Revolut Singapore Customers Surge 125% in Debut QuarterRevolut's Singapore business unit has posted quarterly customer growth averaging above 50% since launching in August 2024. The first quarter saw a 125% jump in business sign-ups, though the company declined to provide absolute customer numbers.The timing coincides with rising anxiety among Singapore businesses about economic conditions. A survey by Singapore Business Federation found the share of companies expecting deterioration nearly doubled between the fourth quarter of 2024 and first quarter of 2025.The Singapore business team plans to increase staff ninefold from its August 2024 launch levels by year-end, though Revolut didn't specify current or target headcount figures.Ashley Thomas, head of strategy and operations for Revolut Singapore, said the business division is attempting to replicate the company's retail growth in the corporate segment. "We have our ears close to the ground, always listening to our customers and constantly seeking ways to enhance our offerings," Thomas said.Stablecoin Conversion AddedSeparately, Revolut introduced fee-free conversion between U.S. dollars and stablecoins USDC and USDT at a 1:1 ratio. The feature eliminates the small spreads typically charged on fiat-to-stablecoin exchanges. The move comes two weeks after the service was introduced under the new EU crypto license."Every time I go on-chain, I struggle with the same thing: you never actually get 1:1 when moving between fiat and stablecoins," said Leonid Bashlykov, head of product for crypto at Revolut. "There's always that annoying 0.0002 spread, or a hidden fee somewhere."Users can move stablecoins across multiple blockchain networks and link balances to Visa and Mastercard for daily purchases, with biometric security for withdrawals.Revolut has over 65 million retail customers globally and hundreds of thousands of business accounts. Recently, the UK-based fintech also secured a banking license in Mexico. This article was written by Damian Chmiel at www.financemagnates.com.

Singapore’s push to blend traditional finance with blockchain technology gained a boost after Standard Chartered partnered with DCS Card Centre to support DeCard, a new credit card designed for stablecoin spending in everyday transactions.Join stablecoin builders in London at the fmls25Banking Meets BlockchainUnder the partnership, Standard Chartered will act as DeCard’s principal banking partner in Singapore, managing fiat and stablecoin settlements as well as cardholder top-up processing and account management. The bank will reportedly also oversee treasury, liquidity, and foreign exchange hedging through its Financial Markets division.This collaboration is initially limited to Singapore but is expected to expand to other major markets. The move comes as demand grows for regulated digital-asset payment infrastructure that combines the efficiency of blockchain with the stability of conventional finance.“This partnership is in line with our continued efforts to offer banking solutions for innovative Fintech partners and is central to our strategy of supporting clients in navigating the evolving digital assets space. Our investments in our platforms, capabilities and solutions allow us to be the trusted banking partner bridging TradFi to DeFi,” commented Dhiraj Bajaj, the Global Head of TB FI Sales at Standard Chartered.Bridging TradFi and DeFiStandard Chartered’s virtual account and API infrastructure will enable DCS to assign unique virtual accounts to each DeCard user. This feature allows real-time identification and reconciliation of incoming payments, improving visibility and reducing operational friction.You may also like: UK Court Hands Nearly 12-Year Sentence in Massive £5B Bitcoin Case: ReportThe partnership highlights a growing trend in Asia’s financial sector, where regulated banks are deepening their engagement with digital assets. For Standard Chartered, the DeCard deal is a part of an ongoing strategy to connect the traditional financial system with blockchain-powered innovations — without compromising transparency or compliance.Meanwhile, the Bank of England has launched a public consultation on a proposed regulatory framework for stablecoins, focusing on sterling-denominated tokens classified as “systemic stablecoins.” These digital assets are considered widely used for payments and, according to the central bank, could pose risks to financial stability if left unregulated. The Bank warned that excessive reliance on such stablecoins might undermine public confidence in the UK’s monetary system and payment infrastructure.Under the proposal, stablecoin issuers would be required to hold at least 40% of their liabilities as unremunerated deposits at the Bank of England. The remaining 60% of issuers’ reserves could be invested in short-term UK government debt. This article was written by Jared Kirui at www.financemagnates.com.

After two decades of courtroom battles, Visa and Mastercard are offering a $38 billion settlement to resolve allegations that they conspired to overcharge merchants through credit card “swipe fees.”Join IG, CMC, and Robinhood in London’s leading trading industry event!Yet, despite the figure, many business groups argue the proposal fails to solve the problem at the heart of the dispute—how much it costs to accept a card payment in the United States, Reuters reported.A Fresh Attempt to Satisfy the CourtThe new settlement comes months after U.S. District Judge Margo Brodie rejected an earlier $30 billion agreement as inadequate. She called the proposed relief “paltry” compared to what Visa and Mastercard could continue to collect. The card networks are now back with a revised offer, hoping to win approval and end one of the longest-running antitrust cases in U.S. payments history.Under the latest proposal, Visa and Mastercard would reportedly lower swipe fees—currently around 2% to 2.5%—by 0.1 percentage point for five years. Merchants could also opt out of accepting certain categories of cards, such as premium rewards cards or commercial cards, while standard consumer rates would be capped at 1.25% for eight years.The companies say the deal would offer “meaningful relief” and greater flexibility for merchants. Neither Visa nor Mastercard admitted wrongdoing. Both firms’ shares remained steady in afternoon trading following the announcement.Read more: Visa and Mastercard to Pay Nearly $200M in Decade-Long Merchant Class ActionMerchant groups were quick to reject the new deal. The National Retail Federation and the Merchants Payments Coalition said it still leaves businesses paying too much to process card payments.Swipe fees, also known as interchange fees, totaled $111.2 billion in 2024, up from $100.8 billion the year before, according to the NRF. That’s four times higher than in 2009.Promised Savings Versus RealityLawyers representing merchants said the $38 billion figure represents projected savings through 2031, calculated by Nobel laureate Joseph Stiglitz and another economist. They estimate the deal could save merchants more than $200 billion over its lifespan.In contrast, the Electronic Payments Coalition, which includes large banks such as JPMorgan Chase, Citibank, and Bank of America, supports the agreement. Its Executive Chairman Richard Hunt said the settlement would lower fees beyond what’s proposed in a bipartisan Senate bill seeking to regulate card costs.The court must still approve the new deal. If accepted, it would cap a 20-year dispute that reshaped the debate around how much merchants pay to accept card payments. This article was written by Jared Kirui at www.financemagnates.com.

Despite posting a 48% year-over-year net income growth, eToro (NASDAQ: ETOR) reported third-quarter results that revealed a sequential slowdown, with net contribution inching up just 2.4% from the previous quarter.Shareholders, however, appear to be reacting positively to the newest report, and the company’s stock was up 9 percent in premarket trading.eToro Posts Modest Q3 Growth as Revenue Levels OffThe trading platform posted a net contribution of $215 million for the three months ended September 30, up from $210 million in the second quarter. The company's net income reached $57 million, a jump from $30.2 million in Q2, though the earlier period included $15 million in IPO-related costs that skewed the comparison.CFO Meron Shani touted the results as proof of "profitable growth" and "disciplined cost management," noting that adjusted EBITDA climbed 43% year-over-year to $78 million. But the sequential quarter told a different story, with adjusted EBITDA rising just 8.3% from Q2's $72 million.However, on an annual basis, the results look much stronger for eToro. Revenue was up 28% from a year earlier, while net income rose 48%.User Growth Hits Speed BumpThe company added 100,000 funded accounts during the quarter, bringing the total to 3.73 million, a modest 2.8% increase from 3.63 million at the end of June. Assets under administration grew to $20.8 billion, up 18.9% from $17.5 billion in Q2, driven largely by market appreciation rather than new deposits.eToro's user acquisition engine appears to be cooling after its May initial public offering. While the company blamed no specific factor, the growth rate has decelerated from earlier in the year when it absorbed customers from its 2024 acquisition of the Australian app Spaceship."We are focused on increasing our customer base and share of wallet," Shani said, though the quarterly numbers suggest that's becoming harder to achieve.October Metrics Show Mixed SignalsIn an unusual disclosure, eToro released selected October business metrics that painted a picture of volatile trading activity. Capital markets trades surged 53% year-over-year to 62 million, while crypto trades jumped 84% to 5 million. However, assets under administration slipped to $20.5 billion in October from $20.8 billion at quarter-end, suggesting either market declines or customer withdrawals.Funded accounts ticked up to 3.76 million in October, adding just 30,000 users in the month, a pace that would deliver annual growth well below the company's historical rates.Buyback Raises Questions About Capital StrategyThe company's board authorized a $150 million share repurchase program, with plans to execute an initial $50 million through an accelerated buyback. Management framed the move as a sign of confidence, claiming "its current share price does not fully reflect the Company's fundamental value."The repurchase authorization also serves another purpose: giving eToro currency for potential acquisitions. The company disclosed that buybacks provide "additional flexibility to support potential future strategic initiatives, including mergers and acquisitions, where eToro shares could serve as an effective transaction currency."That language suggests management may be eyeing deals, though no specific targets were mentioned. With $1.2 billion in cash and short-term investments on the balance sheet, eToro has the firepower to pursue transactions beyond what its stock would fund.Revenue Mix Stays Concentrated in CryptoThe company's reliance on cryptocurrency trading remains acute. Revenue from cryptoassets totaled $3.97 billion in Q3, though cost of revenue consumed $3.89 billion of that figure, leaving net contribution from crypto of just $77.4 million. That crypto margin came in below Q2's crypto contribution, highlighting the thin economics of cryptocurrency intermediation.Traditional equity trading delivered $72.9 million in net contribution, down from $114 million in the second quarter. Net interest income provided another bright spot at $58.9 million, up from $43.9 million in Q2, as the company benefited from higher balances in customer accounts.Product Rollout Continues Across Four PillarsCEO Yoni Assia outlined continued product development across what the company calls its four strategic pillars: trading, investing, wealth management, and neo-banking. The third quarter saw the launch of 24/5 stock trading for all S&P 500 and Nasdaq 100 stocks, expanded futures access in Europe, and the introduction of Copy Trading in the United States."As eToro continues to scale, we believe we are well-positioned to capture the significant growth opportunities presented by the inevitable macro tailwinds and deliver long-term shareholder value,” he said.The company's eToro Money accounts reached 1.75 million, with debit card issuance jumping 2.4 times from the second quarter. The Money product offers up to 4% stock-back rewards on purchases.Cost Control Improves, But Expenses RiseTotal costs increased to $4.04 billion from $2.06 billion in Q2, driven almost entirely by the cost of crypto revenue, which mirrors the company's transaction volume. Operating expenses, combining R&D, sales and marketing, and general administrative costs, totaled $143.2 million, down from $167.7 million in the second quarter.The company spent $37.9 million on research and development in Q3, down from $38.9 million in Q2. Sales and marketing expenses dropped to $47.9 million from $52.6 million, suggesting either improved efficiency or reduced customer acquisition efforts.Finance expenses of $2.6 million were down sharply from $6.3 million in Q2, although the company did not provide an explanation for the decline. This article was written by Damian Chmiel at www.financemagnates.com.