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.

Citi is taking its blockchain-based payment system global. The bank has added Euro transactions and established a new operational hub in Dublin, broadening the reach of its Citi Token Services (CTS) platform beyond the US dollar and into Europe’s core financial markets.Join stablecoin builders in London at the fmls25Euro Integration Marks Next Phase of 24/7 PaymentsAccording to the company, the addition of Euro transfers allows its corporate and institutional clients to send funds around the clock, regardless of time zone or banking hours. The service, already live in the US, UK, Singapore, and Hong Kong, connects directly to Citi’s branches on the CTS network, enabling faster settlement and improved liquidity management across borders.“This expansion highlights our ongoing commitment to continuous innovation in order to meet our clients’ 24/7, global needs,” commented Stephen Randall, Global Head of Liquidity Management Services. “By integrating tokenized deposits with Citi’s existing cash management infrastructure, we’re enabling clients to manage liquidity more efficiently across time zones and currencies, with the connectivity they expect.”This development builds on Citi’s September integration of its 24/7 USD Clearing platform with Citi Token Services—an industry-first move that eliminated many of the constraints of traditional payments. The initiative aims to deliver real-time money movement “when and where” clients need it, according to the bank.Launched in 2023, Citi Token Services for Cash leverages a private, permissioned blockchain to process billions of dollars in transactions. The technology replaces traditional cut-off times with continuous settlement, letting clients access liquidity instantly and move funds globally at any hour.Dublin Becomes Key Liquidity CenterCiti’s decision to extend the platform’s footprint to Dublin underlines the Irish capital’s growing role in the bank’s European operations. From Dublin, clients can now transfer both USD and Euros to their own or third-party accounts at other Citi branches worldwide. The move aims to address the long-standing challenge of liquidity management outside regular business hours.Citi’s latest expansion supports its broader ambition to build a multi-bank, multi-currency payment ecosystem that operates continuously and without friction. As tokenization moves from concept to enterprise use, Citi is positioning itself at the forefront of how institutional clients manage liquidity in a digital-first financial landscape. This article was written by Jared Kirui at www.financemagnates.com.

eToro (NASDAQ: ETOR) rolled out a cashback program giving UK and European customers 1% back in stocks when they deposit cryptocurrencies, a push by the platform to diversify away from digital assets that account for more than 90% of its revenue.Cryptocurrency trading generated $1.91 billion of eToro's $2.09 billion in total revenue during the second quarter, while equities and commodities contributed just $114 million. The new promotion potentially aims to funnel some of those crypto gains into traditional markets.Starting today (Thursday), customers who transfer eligible cryptocurrencies to their eToro Crypto Wallet and convert them to British pounds or euros receive 1% of the conversion value in domestic stocks. UK users select from British-listed equities, while European customers choose from European-listed stocks.eToro Crypto Trading Surges, Traditional Markets LagThe reward program addresses a revenue concentration problem that has intensified this year. Crypto accounted for 91% of second-quarter revenue, down only slightly from 93% in the first quarter.Moreover, crypto trades jumped 49% year-over-year to 10.7 million during July and August, with the average trade size nearly doubling to $345. Traditional capital markets activity showed modest 3% growth, with equity and commodity trades reaching 87.7 million and average trade sizes increasing just 4% to $273.The promotion runs through March 31, 2026, with monthly caps of £1,000 for UK users and €1,000 for European customers. Users must opt in and select their preferred stock from a list provided monthly by eToro.This follows another incentive rolled out earlier this week, when eToro introduced a five-dollar monthly Club subscription that provides access to premium features including 4 percent cashback, an AI analyst, and higher yields on crypto staking.Expanding Crypto OptionseToro is also broadening eligible cryptocurrencies for deposit beyond Bitcoin and Ethereum. Users can now transfer XRP, USDC, Polygon, Chainlink, Aave, Uniswap, and Fetch.ai from external wallets or exchanges to their eToro Crypto Wallet.After converting holdings to pounds or euros, customers can invest the funds in any instruments on eToro's platform, which includes stocks from more than 20 exchanges."Many investors first entered the markets through crypto and are now looking for ways to reinvest those gains into other asset classes," Doron Rosenblum, Executive Vice President of Business Solutions at eToro, said. “Being a multi-asset platform with stocks from over 20 exchanges, we are able to reward users with stock-back in domestic equities on crypto deposits.”Assets under administration at eToro reached $19.7 billion in August, up 77% from the previous year, with funded accounts growing 15% to 3.69 million. Interest-earning assets climbed 46% to $7.5 billion.Rosenblum added that the offer will "motivate more users to diversify their portfolios beyond just crypto" as part of the company's strategy to "open the global markets." This article was written by Damian Chmiel at www.financemagnates.com.

Wise, the payments company known for its cross-border transfers, ended the first six months of 2025 with revenue of £658 million, an 11 per cent year-over-year increase. However, its pre-tax profit fell 13 per cent to £254.6 million.Join stablecoin builders in London at the FMLS25.Expenses Ate ProfitsThe decline in profit was mainly driven by a 27 per cent rise in administrative expenses, which reached £465.9 million.“Over the first six months of this financial year, we focused on strengthening our infrastructure and expanding the functionality of our products to capture a greater share of the £32 trillion annual market opportunity for cross-border payments,” said Kristo Käärmann, Co-founder and CEO at Wise.In Q1, the London-listed company generated £362 million in revenue, meaning that for the three months between July and September—Wise’s fiscal Q2—the figure dropped to £296 million.The platform handled £43.7 billion in cross-border payments during Q2, representing a 6 per cent quarter-over-quarter increase and a 24 per cent rise year-over-year. Of this, £31.2 billion were personal transactions, while £12.5 billion came from businesses.[#highlighted-links#] Focus on Customer GrowthThe number of active customers on Wise reached 10.4 million by the end of Q2 FY26, including 9.9 million personal users and 504,000 business customers.Cross-border revenue increased 5 per cent quarter over quarter and 9 per cent year-over-year to £226.1 million. Meanwhile, card and other platform revenues totalled £217.1 million over the six months.The payments platform also continued to expand its reach through partnerships. “We announced new Wise Platform partnerships, including Upwork, MBSB Bank and Lunar, further embedding Wise into the global financial system,” Käärmann added.“These developments continue to support our growth.” This article was written by Arnab Shome at www.financemagnates.com.

A web of fake online subscriptions, ranging from dating to streaming services, has been exposed as the front for one of the largest credit card fraud operations in recent years.Discover how neo-banks become wealthtech in London at the fmls25Coordinated by Eurojust, the investigation reportedly culminated this week with 18 arrests across Europe and North America, highlighting fake websites, shell companies, and compromised payment platforms siphoned hundreds of millions of euros from unsuspecting cardholders.Targeting Digital Payments SystemsAccording to Europol, between 2016 and 2021, the criminal network ran a sophisticated scheme that preyed on digital payment systems. Fraudsters stole credit card data and created nearly 19 million fake user accounts across 193 countries. They reportedly charged small, recurring payments—usually below €50—to avoid detection. Each charge appeared legitimate, labeled vaguely to discourage scrutiny.Investigators estimate that the fraud generated at least €300 million in confirmed losses, with attempted fraud totaling more than €750 million. Authorities reportedly carried out more than 60 house searches and executed 18 arrest warrants. The criminal groups are accused of misusing credit card data belonging to over 4.3 million cardholders in 193 countries.Europol provided critical support throughout the investigation, which focused on 44 suspects from Germany and abroad. Those targeted reportedly include individuals directly involved in the fraudulent schemes, executives of German payment service providers, intermediaries, and crime-as-a-service operators who supplied shell companies.Read more: This New Crypto Scam Starts With “Congratulations, You’re Hired,” Kraken WarnsAuthorities say the perpetrators relied heavily on corporate structures registered in Cyprus and the United Kingdom, designed to obscure ownership and frustrate refund efforts. These shell companies were often acquired through so-called “Crime-as-a-Service” providers, specialized outfits that sell operational tools for criminal schemes.A Coordinated Global Effort The breakthrough came from Luxembourg, where the Financial Intelligence Unit traced suspicious transfers linked to money laundering and misuse of company funds. Investigators searched several corporate offices and seized assets worth millions.Luxembourg’s findings were later shared with Germany’s Koblenz Public Prosecutor’s Office, where the two cases merged into a broader European probe.Crucially, information from a parallel investigation in the United States, led by the U.S. Attorney’s Office for the Southern District of New York, helped uncover the full scale of the fraud. Authorities from more than ten countries—including Germany, Cyprus, Luxembourg, Spain, the Netherlands, Canada, the UK, and the United States—contributed to what officials describe as one of the most complex cybercrime investigations ever executed in Europe.Amid rising cases of fraud, CySEC was recently forced to suspend public access to its certification registers after discovering that scammers were misusing the personal details of certified professionals to defraud investors. The regulator explained that this precautionary measure is intended to protect the integrity of the capital market and shield the public from growing impersonation schemes targeting legitimate financial professionals.“To safeguard investor protection and ensure the smooth functioning of the capital market, CySEC announces that it has temporarily suspended the publication of the Certification Registers and the announcements of certification examination results on its website,” the agency said This article was written by Jared Kirui at www.financemagnates.com.

Robinhood Markets (NASDAQ: HOOD) has added dozens of entertainment-focused prediction contracts to its platform, allowing users to bet on Grammy nominations, Oscar winners, and celebrity rankings alongside its existing sports and political offerings.Robinhood Adds Grammy, Oscar Betting to Prediction MarketsThe retail brokerage now offers contracts on categories including which artists will receive Grammy nominations, Golden Globe award outcomes, and whether specific musicians will release albums during the year. Users can also trade on predictions about Google search rankings, Spotify streaming leaders, and awards like TIME Person of the Year.The full list, emailed to FinanceMagnates.com by Robinhood, includes several dozen new contracts covering a range of other themes, including forecasts for a potential new pandemic and more science fiction-style questions such as “Will the United States say that aliens exist this year?” New Prediction Markets just dropped on Robinhood, including this market on @elonmusk's pay package pic.twitter.com/g4wckFGb9v— Vlad Tenev (@vladtenev) November 4, 2025Such instruments only reinforce the view that event contracts have more in common with gambling than investing, similar to partnerships with legendary poker players such as Daniel Negreanu.Robinhood offers the contracts through partner Kalshi, a Commodity Futures Trading Commission-regulated exchange. The contracts trade between one cent and 99 cents, with payouts of one dollar if the prediction proves correct. Robinhood takes a one-cent fee per dollar of contracts traded, on top of Kalshi's own fees.Trading Volume Nears $1 Billion MarkThe expansion comes as Robinhood reported nearly $1 billion in prediction market trading volume during the second quarter, with sports contracts accounting for a significant portion of activity. The company launched its Prediction Markets Hub in March and has been adding contracts on a weekly basis since mid-October.Robinhood accounted for roughly half of Kalshi's total trading volume in the second quarter, according to industry analysis. The brokerage generated approximately $10 million in revenue from event contracts during that period, though the figure represents a small fraction of overall company revenue.The platform plans to add more than 100 new event contracts across multiple categories in the coming weeks, according to company statements. JB Mackenzie, vice president and general manager of futures and international at Robinhood, said earlier this year that the company views prediction markets as playing an important role at the intersection of news, economics, politics, sports, and culture.Gaming Stocks Feel PressureTraditional sports betting operators have felt the impact of prediction market growth. DraftKings shares declined 18% over the past month, with some of the decline attributed to competition from Robinhood and Kalshi's sports contracts, though quarterly results also reflected favorable outcomes for bettors in NFL games.Crypto.com announced a similar push into entertainment contracts this week through a partnership with Hollywood.com, offering predictions on actors, award shows, movies, and television programs. DraftKings also entered the space in October through its acquisition of Railbird Technologies, which holds a CFTC license for federally regulated prediction markets.Also today, FinanceMagnates.com reported that cryptocurrency exchange Gemini is taking a more serious look at prediction markets.International Expansion PlannedRobinhood has begun discussions with international regulators, including the UK's Financial Conduct Authority, about launching prediction markets outside the United States. The company reported interest from users in Europe and the UK, though any international rollout would require compliance with local regulations.The brokerage is scheduled to report third-quarter results later today, with analysts expecting transaction-based revenues to jump 137% year-over-year to $756 million. The company's options trading revenue is projected to rise 49%, while cryptocurrency transaction revenues are estimated to surge 415% compared to the prior year. This article was written by Damian Chmiel at www.financemagnates.com.

United Fintech has taken full ownership of Trade Ledger, an AI-focused lending automation platform that counts Barclays and Bank of Queensland among its clients.United Fintech Acquires Trade Ledger in All-Share DealThe transaction, structured as an all-share deal, brings Trade Ledger's commercial lending technology into United Fintech's commercial banking division. Trade Ledger's founding team exchanged their equity for shares in the acquiring company and will continue running the business under its existing brand.The London-based target company built its platform around automated loan origination and underwriting processes. Banks using the system can process commercial lending applications through AI-driven workflows rather than manual review processes."Trade Ledger CEO and Co-Founder Martin McCann and his team have built exceptional technology that transforms lending into a real-time, data-driven experience for customers," Christian Frahm, who founded United Fintech in 2020, said.Second Banking Technology Purchase This YearUnited Fintech bought CBA earlier in 2025, adding payments and trade finance tools to its portfolio. The Trade Ledger deal extends that commercial banking footprint into lending operations.Frahm added that combined technologies create what he described as comprehensive digital infrastructure for commercial banking operations. The group now offers tools spanning lending, trade finance and payments.Banks have been seeking automation tools for credit decisions and workflow management, particularly as AI capabilities advance. United Fintech positions itself as an aggregator of fintech solutions, letting financial institutions access multiple tools through a single procurement relationship.Platform Retains Independence Within Buyer's StructureTrade Ledger will keep its leadership team and operate as a distinct unit. McCann remains CEO and cited the acquisition as a path to faster scaling than the company could achieve independently."By becoming part of United Fintech, we gain the expertise, scale, and global reach to accelerate that vision and deliver impact faster than we could alone," McCann said.The Sydney-founded company, which relocated its headquarters to London, launched in 2016. Its platform uses proprietary data models to handle portfolio management alongside the origination and underwriting functions.United Fintech's investor base includes BNP Paribas, Citi, Danske Bank and Standard Chartered. The company acquires and integrates fintech products, then offers them to financial institutions through its ecosystem model.Financial terms beyond the share-exchange structure were not disclosed. This article was written by Damian Chmiel at www.financemagnates.com.

FundApps and SteelEye announced a merger, combining their expertise to build an all-in-one compliance platform. The integration aims to reshape how financial firms manage compliance by merging trade surveillance, data analytics, monitoring, and reporting into a singular solution.Discover how neo-banks become wealthtech in London at the fmls25This integrated approach aims to provide clients with a unified way to manage the increasing complexity of global regulatory demands.Bridging Gaps in Compliance with a Unified PlatformFundApps specializes in compliance monitoring and regulatory reporting, tracking assets worth trillions of dollars across multiple jurisdictions. SteelEye focuses on trade and communications surveillance, utilizing advanced algorithms to detect risks such as market manipulation.Together, the two companies intend to eliminate the fragmentation caused by multiple disconnected systems. Their joint platform will provide end-to-end coverage of the compliance lifecycle, offering clients continuous oversight and control.You may also like: U.S. Sanctions North Korean Bankers, Firms Over Crypto Laundering Tied to Weapons FundingThe merger is supported by an additional equity investment from FTV Capital, which had earlier invested in FundApps. Representatives from FTV Capital have joined the FundApps board of directors, underscoring their commitment to the combined entity.Backed by Strategic Investment and Expanding Global ReachThe enlarged company will serve approximately 350 clients, including banks, asset managers, hedge funds, and commodities firms, spread across 18 countries. With offices in London, New York, Singapore, India, and Portugal, the group anticipates combined annual recurring revenue nearing £50 million.While financial terms were not publicly disclosed, advisory support for SteelEye came from Perella Weinberg Partners. The combined platform is designed to monitor and analyze trades, communications, orders, news, and market data, providing comprehensive insights. Both companies leverage cloud-based technology and regulatory expertise to help clients reduce risk, proactively manage regulatory changes, and maintain compliance integrity at scale.FundApps brings experience in monitoring over $30 trillion in assets, while SteelEye has developed algorithms that proactively detect compliance breaches. Their integrated model aims to enhance automation and transparency, addressing regulatory challenges more efficiently. This article was written by Jared Kirui at www.financemagnates.com.

Currency.com has partnered with OpenPayd, a financial infrastructure provider, to enhance its multi-currency payment and FX liquidity capabilities. The collaboration will extend Currency.com’s reach across the EU and other regions, giving clients access to faster and broader payment options.Join stablecoin builders in London at the fmls25Integration Expands Currency Options and Payment AccessThrough OpenPayd’s regulated infrastructure, Currency.com will reportedly enable transactions in 30 additional currencies and support new payment rails, including SEPA, SEPA Instant, and Faster Payments. The upgrade will allow near-instant deposits, withdrawals, and automated settlement with liquidity providers within OpenPayd’s network.“I am confident that the immediate capabilities of OpenPayd will unlock new strategic functionalities for the customers of Currency.com, commented Konstantin Anissimov, the Global CEO of Currency.com. “Meanwhile, the continued technological advancements of Currency.com and OpenPayd will go hand in hand to ensure best-in-class services are offered to our user bases.Currency.com stated that the integration is part of a broader strategy to enhance its global liquidity operations. The company plans to roll out additional corridors and currencies in the coming months to expand its international coverage.The partnership will also streamline client access to multi-currency services, allowing deposits and withdrawals across fiat and digital assets. This expansion aims to increase flexibility for users managing funds across different regions.Building the Next Generation of Digital FinanceLux Thiagarajah, Chief Commercial Officer at OpenPayd, added that Currency.com’s integration of its infrastructure represents a step toward more efficient digital finance.“Currency.com is building the next generation of digital finance – creating an offering that is global, intelligent, and adaptable. By integrating OpenPayd’s universal financial infrastructure, they can move and manage money seamlessly across borders, with instant settlement, deep liquidity, and complete regulatory confidence.”Read more: Currency.com Eyes Institutional Market with Investment From N7 CapitalOpenPayd’s infrastructure supports embedded finance, FX, and cross-border payments for major clients, including Kraken, OKX, eToro, and B2C2. The company reportedly processes more than €130 billion annually for over 800 businesses worldwide.Currency.com operates in over 100 countries and continues to expand its payment and trading services across key global markets. The firm stated that leveraging OpenPayd’s infrastructure will enhance its operational efficiency and help meet the demand for faster, more reliable global transactions.GCEX Partners with OpenPaydLast month, GC Exchange FZE and GC Exchange A/S, both part of the GCEX Group, also collaborated with the financial infrastructure provider to strengthen their fiat banking capabilities. The collaboration aims to give GCEX’s European clients access to EUR and GBP transactions, while clients in the UAE will gain access to USD payment services.GCEX said the integration of OpenPayd’s infrastructure will enable institutional and professional clients—including brokers, hedge funds, and asset managers—to benefit from faster and more efficient cross-border payments. This article was written by Jared Kirui at www.financemagnates.com.

AI is transforming trading, automating execution, decoding data, and amplifying strategy. But as machines gain autonomy, brokers and traders must balance efficiency with ethics, keeping human judgment at the core.Financial services have long been fertile ground for technological experimentation, but the advent of Artificial Intelligence (AI) has pushed the sector into uncharted territory. Trading, with its blend of high-stakes decisions, unpredictable markets and stringent regulatory oversight, offers the opportunity for complex and far-reaching applications when it comes to AI. The question facing brokers, platform providers and traders alike is no longer whether AI will transform the way markets function, but how far that transformation can realistically go, and where the limits must be drawn.Discover how neo-banks become wealthtech in London at the fmls25At this year’s Finance Magnates London Summit (FMLS:25), the panel “Secret Agent: Deploying AI for Traders at Scale” will bring together leading voices shaping the next frontier of AI in financial services. Moderated by Joe Craven, Global Head of Enterprise Solutions at TipRanks, the session will feature David Dyke, Head of engineering,- Wealth, CMC Markets, Guy Hopkins, Founder and CEO, FairXchange, and Ihar Marozau, Chief Architect, Capital.com Together, they’ll explore how AI is redefining the boundaries of trading and investment, from the ethics of automation and the realities of implementation to what human intuition still does best. Expect a frank, forward-looking discussion on tech, trust, and trader behavior in an era where algorithms are the new secret agents of finance.What AI Can (and Cannot) ReplaceAt its best, AI serves as a powerful co-pilot for traders. Machine learning systems excel at processing vast quantities of market data, identifying patterns, and generating signals that could be invisible to human eyes. Platforms such as Capitalise.ai, which lets traders automate strategies using natural language commands, show how AI can take over repetitive execution tasks and strip emotion out of decisions. Similarly, Trade Ideas has popularized its “Holly” AI engine, which scans markets in real time and generates actionable trade suggestions according to various strategies.ChatGPT-4o is a GENIUS stock trader.But 99.9% people are unaware of how to use it.Here's the list of AI Tools for trading in 2025: ? pic.twitter.com/nfiT3711rz— Aryan Rakib (@tec_aryan) October 9, 2025As tools like these gain traction, they highlight what machines can do, but also what they cannot. AI can optimize strategies, enforce risk controls, and execute with precision, but it struggles when confronted with sudden shifts or black swan events. Human traders and advisors remain indispensable when narratives change abruptly, during geopolitical shocks, unexpected regulatory interventions, or crises of confidence that can never be fully modelled. Trust, accountability, and the ability to interpret nuance continue to sit firmly with people.How AI Tools Are Being Used TodayAcross the trading landscape, AI is moving from experimental tools to everyday use. Retail traders are increasingly turning to accessible platforms like Tickeron, which provides AI-driven forecasts and price predictions. Social trading services such as ZuluTrade or eToro allow users to follow and replicate algorithmic strategies designed by experienced signal providers in the logical advancement of copy trading. In China, Tiger Brokers has gone a step further by embedding the DeepSeek AI model into its services, offering clients enhanced research and risk analysis capabilities. These are but a few examples of how AI is rapidly changing the nature of the industry.?BREAKING: A new Python library for algorithmic trading. Introducing TensorTrade: An open-source Python framework for trading using Reinforcement Learning (AI) pic.twitter.com/d9QWRBj1iT— Quant Science (@quantscience_) October 12, 2025Institutional players are also expanding the frontier. Market simulators such as ABIDES can be used by hedge funds and quant shops to train autonomous agents that test strategies in realistic, high-fidelity environments. The surge in participation in competitions like the WorldQuant International Quant Championship underscores how AI is lowering the barriers to entry for aspiring participants, broadening the talent pool available to institutions.The Challenges Brokers FaceFor brokerages, the promise of AI comes with serious hurdles. Chief among these is compliance. Regulators demand transparency and audit-ready procedures, yet many AI systems operate as black boxes, making it difficult to explain why a particular trade was made. This lack of explainability risks undermining trust among both regulators and clients. Ethical risks, from biased models to the potential for destabilizing feedback loops, must also be addressed at the design stage. Bodies such as FINRA have issued guidelines on how AI systems must be tailored toward transparency. Beyond regulation, there are practical challenges. Models must be retrained to stay relevant as market regimes evolve, requiring continuous investment in data infrastructure and talent. Legacy systems at many brokerages are poorly equipped to integrate modular AI tools, slowing adoption. Even when models work well, persuading clients to trust them is another barrier. Behavioral resistance, whether from retail users wary of losing control, or advisors reluctant to cede authority, remains a persistent drag on adoption.Ethics and the Human BoundaryThis tension between machine intelligence and human judgment brings ethical boundaries into sharp focus. AI can streamline execution and enhance efficiency, but decisions about fairness, market integrity, and client trust must remain human. Clients might expect to know when recommendations are generated by AI, what assumptions underpin them, and where the risks lie. Equally, firms must guard against the risk of over-dependence, ensuring that human expertise does not atrophy as machines take on greater responsibility. The ultimate safeguard is clear human oversight: protocols for intervention, override and accountability when systems go wrong.? What Are AI Ethics? As AI continues to evolve, so do the ethical questions surrounding its use. AI ethics is a framework of principles designed to ensure AI technologies are developed and deployed responsibly.Key pillars of AI ethics include:✔ Fairness ✔ Transparency… pic.twitter.com/UCLFPTeDxj— AITECH (@AITECHio) February 7, 2025The Road AheadLooking forward, the future of AI in trading is likely to be hybrid. Brokers will continue to develop ecosystems in which algorithms provide efficiency, scale, and precision, while humans deliver oversight, trust, and narrative interpretation. Platforms are already hinting at this shift. Nansen recently launched an AI chatbot designed for crypto traders that was built on Anthropic’s Claude. The move represents an early step toward fully autonomous, user-defined portfolio management, though at present it’s billed as an assistant. Zerodha’s CEO has argued that brokers may evolve into infrastructure providers, offering pipes that connect clients to markets while AI tools handle much of the interaction.The likely trajectory points toward the use of configurable, focused AI modules, explainable systems designed to satisfy regulators, and new user interfaces where investors interact with AI advisors through voice, chat or even immersive environments. What will matter most is not raw technological horsepower, but the ability to integrate machine insights with human oversight in a way that builds durable trust.Final ThoughtsAI has already changed the way traders approach markets, from retail platforms that democratize access to chatbots to institutional agents being able to test strategies at scale. But its true role should not be to replace human intelligence, it should be a partner that can augment, accelerate and discipline decision-making. The brokers and platforms that succeed in the coming years will be those that strike the right balance between algorithmic precision and human judgment, embedding ethical boundaries and transparency at every step. In doing so, they will not only shape the future of advice, autonomy and algorithms, but also redefine what it means to trade in an age where the secret agent on your side is artificial intelligence itself. This article was written by Louis Parks at www.financemagnates.com.

Robinhood unveiled a nationwide mortgage benefit for its Gold subscribers, offering discounted rates through a new partnership with Sage Home Loans. The move marks Robinhood’s latest step beyond trading and investing, positioning the fintech giant in one of the most competitive corners of consumer finance.Discover how neo-banks become wealthtech in London at the fmls25A New Route to HomeownershipAccording to the firm, eligible Robinhood Gold members can apply for home loans or refinancing through Sage Home Loans and enjoy mortgage rates at least 0.75% below the national average. Subscribers will also receive a $500 closing credit, making the offer particularly attractive at a time when affordability remains a key concern in the U.S. housing market.The program was reportedly tested earlier this year among a limited group of users before expanding nationwide. With mortgage costs at multi-decade highs, Robinhood is betting that lower rates and a simplified digital experience will appeal to both first-time buyers and refinancers.You may also like: Ripple Debuts Spot Prime Brokerage for U.S. Institutions After Hidden Road RebrandingThe launch underscores Robinhood’s ongoing evolution from a trading app into a broader financial platform. Over the past few years, the company has expanded into credit cards, retirement accounts, and now mortgages, aiming to offer users an all-in-one ecosystem for saving, investing, and borrowing.More Recent CollaborationsRobinhood also recently expanded its UK offering by introducing futures trading, marking another step in its bid to attract active traders in Europe. The rollout brings more than 40 CME Group contracts to the platform, allowing UK customers to trade products spanning indices, energy, metals, and foreign exchange directly through the Robinhood app or its desktop platform, Robinhood Legend.The launch also builds on Robinhood’s recent introduction of options and desktop trading in the UK, underscoring its deepening partnership with CME Group and broader ambitions to grow beyond its U.S. base. Futures contracts will incur fees starting at $0.75 per trade, with real-time market data provided at no additional cost; however, exchange and regulatory fees will still apply.Additionally, recently reports emerged that Robinhood was exploring an international expansion of its prediction markets product, holding talks with regulators in the UK and Europe to gauge how such event-based trading could be introduced outside the U.S. This article was written by Jared Kirui at www.financemagnates.com.

eToro (NASDAQ: ETOR) has launched a subscription service that gives traders access to premium features without requiring a $25,000 account balance, making the company's perks more accessible to smaller investors.eToro Drops $25,000 Balance Requirement With Club SubscriptionThe $4.99 monthly subscription (or $49.99 annually) grants users Platinum tier membership in the eToro Club, including benefits like a debit card offering 4% cashback on purchases, access to an AI analyst, and higher cryptocurrency staking rewards. The service goes live for users in the UK and EU, with additional regions planned."By providing an alternative route to Platinum tier benefits we're continuing our mission to make investing more accessible, rewarding, and empowering for everyone, everywhere," said Yoni Assia, Co-Founder and CEO of eToro.eToro's loyalty program traditionally required customers to hold specific account balances to unlock benefits. Silver tier started at $5,000, Gold at $10,000, and Platinum at $25,000. The subscription model removes that barrier for users willing to pay the monthly fee.The company competes with other brokerages that have adopted subscription models. Robinhood charges $5 monthly for its Gold service, while Webull Premium runs $3.99 per month. Both offer similar perks like higher interest rates on cash balances and reduced trading costs.Premium Features Target Active TradersSubscribers get unlimited access to Tori, eToro's AI-powered market analyst that answers questions about platform features and portfolio performance. They also receive a dedicated account manager for faster customer service responses.The package includes crypto staking revenue of up to 75% on eligible assets, reduced currency conversion fees for non-USD deposits and withdrawals, and discounted tax return preparation through partner providers. Members also gain access to exclusive Smart Portfolios curated by top-performing eToro investors.“The new eToro Club Subscription opens the door to premium tools and services, perks and monetary rewards, for all investors regardless of their balance,” Asia added.The subscription also includes a 10-week trading course that eToro values at over $3,000. Subscribers receive daily market updates, webinars, and analysis from the company's global analyst network. The eToro Visa debit card, available to Platinum members, provides 4% returns in stocks on everyday purchases along with travel benefits. The company previously rolled out the card to European users earlier this year.Users who prefer traditional membership can still access benefits by maintaining required account balances. Higher tiers, including Platinum+ at $50,000 and Diamond at $250,000, offer additional perks like airport lounge access, even higher staking rewards, and invitations to exclusive events.Core trading functions remain available to all eToro clients regardless of subscription status. This article was written by Damian Chmiel at www.financemagnates.com.

Revolut now allows users to swap U.S. dollars for stablecoins at a 1:1 rate, completely removing fees, spreads, and hidden costs. The move aims to make cryptocurrency transactions as seamless as traditional foreign exchange transactions.Discover how neo-banks become wealthtech in London at the fmls25The new feature allows Revolut’s 65 million users to exchange up to $578,630 every 30 rolling days between USD and stablecoins — specifically, Circle’s USD Coin (USDC) and Tether (USDT). Supported blockchains include Ethereum, Solana, and Tron, among others.Expansion Follows Regulatory MilestoneThe feature arrives just a week after Revolut secured a Markets in Crypto-Assets Regulation (MiCA) license from the Cyprus Securities and Exchange Commission. The authorization enables Revolut to offer regulated crypto services across 30 European Economic Area countries — a crucial step in aligning its crypto operations with EU oversight.“Ten years ago, Revolut changed how people exchanged currencies, transparent FX, no hidden markups, no crazy fees, commented Leonid Bashlykov, the Head of Product for Crypto at Revolut. “Just simplicity and ease. Now we’re bringing the same revolution to crypto.” “This isn’t about getting a better rate — it’s about completely eliminating the pain of going on and off-chain.”The British-based neobank reported holding nearly $35 billion in customer assets in 2024, a 66% increase from the previous year, alongside a significant rise in monthly transactions.The new offering could be particularly beneficial for small and medium-sized businesses in economies dealing with unstable currencies. By providing direct 1:1 conversions, Revolut aims to make stablecoin transfers more predictable and cost-efficient for both individuals and businesses.Boost for Businesses in Volatile MarketsRevolut first entered the crypto space in 2017 and now supports over 200 tokens, along with the ability to pay for everyday purchases using digital assets. The company’s new 1:1 conversion service extends its original promise of transparent and simple foreign exchange — this time, bridging the gap between fiat and blockchain finance.Recently, Revolut received regulatory approval to offer cryptocurrency services across the European Union, expanding its presence in regulated financial markets. The Cyprus Securities and Exchange Commission granted the company a Markets in Crypto Assets license, enabling it to sell digital tokens in all 30 countries within the European Economic Area. The approval marks another milestone in Revolut’s global regulatory expansion, coming just three days after it secured authorization from Mexican regulators to operate as a licensed bank, allowing it to accept deposits and issue loans. This article was written by Jared Kirui at www.financemagnates.com.

Financial services company Western Union has filed for a trademark covering a range of cryptocurrency services. The filing follows an announcement that the company plans to launch a stablecoin system on the Solana blockchain early next year.Western Union Hints at Crypto ExpansionWestern Union submitted the trademark application for “WUUSD” to the US Patent and Trademark Office. The office has accepted the filing, but it has not yet been assigned to an examiner.Discover how neo-banks become wealthtech in London at the fmls25The application states the trademark could be used for crypto wallets, trading, and stablecoin payment processing. It also mentions software for managing and verifying crypto transactions, as well as software for spending and trading cryptocurrency. Additional services listed include crypto exchange, trading, payment processing, and financial brokerage services for cryptocurrency.The filing references crypto lending services described as “conducting a securities and derivatives exchange,” which may indicate an expansion beyond Western Union’s traditional send and receive services.? Western Union has filed a US Patent and Trademark for "WUUSD”, related to crypto services and stablecoins. Western Union's USDPT stablecoin will arrive on Solana in 2026. pic.twitter.com/9fsBRnoPML— ALLINCRYPTO (@RealAllinCrypto) October 31, 2025Stablecoin Launch Linked to Anchorage PartnershipWestern Union announced its stablecoin, the US Dollar Payment Token (USDPT), on an investor call on October 23. The company said the token would launch on Solana in the first half of 2026. It also plans to introduce a Digital Asset Network in partnership with Anchorage Digital Bank to provide a cash off-ramp for the stablecoin service.It is currently unclear how WUUSD and USDPT differ. Western Union filed a trademark application for USDPT in early October.Stablecoins Grow, Brokers Remain CautiousIn the wider crypto market, stablecoins are increasingly used, with reports indicating over 109 million wallets hold such tokens. Despite this growth, many brokers remain cautious about offering stablecoin services. Concerns include regulatory uncertainty, compliance requirements, and operational risks. The hesitation persists even as usage rises, highlighting a gap between consumer adoption and institutional integration. This article was written by Tareq Sikder at www.financemagnates.com.

Tink, a Visa Solution, and Coinbase have formed a partnership to allow crypto purchases through Pay by Bank in Germany. Join stablecoin builders in London at the fmls25Pay by Bank is an open banking-powered payment method that allows consumers to transfer money directly from one bank account to another – quickly, securely, and without the need for manual data entry. Tink and Coinbase Introduce Pay by Bank OptionTink said the collaboration with Coinbase marks a step toward expanding open banking use cases in the digital assets sector. The company believes that direct bank payments can improve user experience and reduce friction in crypto transactions.“This partnership adds a new service for Coinbase users in Germany, giving them more choice in how they manage their crypto purchases,” said Thomas Gmelch, Head of Commercial for Central Europe at Tink. He noted that open banking has become a key enabler for faster and more secure payments in regulated markets.“Having a Pay by Bank option makes it possible to check out quickly and securely on a mobile device, directly from a bank account,” Gmelch added.Coinbase and @Tink Partner to Launch Pay by Bank Crypto Payments in GermanyRead more: https://t.co/73qpZTjzh3#Coinbase #Tink #PayByBank #OpenBanking #CryptoPayments #Fintech #DigitalAssets #Blockchain #Germany #PaymentInnovation #FinancialTechnology— Financial IT (@financialit_net) October 30, 2025Users Buy Crypto Directly from Bank AccountsThrough the partnership, Coinbase users in Germany can buy and sell crypto directly from their bank accounts. The integration uses Tink’s technology, allowing customers to top up accounts quickly via mobile devices.“The partnership with Tink is the latest step in making it easier to securely access the crypto economy,” Denny Morawiak, Managing Director of Coinbase Germany, commented. Citi, Coinbase Partner on Digital PaymentsCiti and Coinbase have agreed to collaborate on digital asset payment solutions for institutional clients. The partnership aims to update fund transfers between fiat and digital asset platforms, improve access to on- and off-ramps, and explore round-the-clock payment orchestration. This article was written by Tareq Sikder at www.financemagnates.com.