FM Crypto

Payward Revenue Grew 17% in Q2 as Trading Volume Fell 13% Payward, Inc., the parent company of Kraken, reported second-quarter adjusted revenue of $508 million, up 17% year over year, even as total platform transaction volume fell 13% to $310 billion. https://www.financemagnates.com/cryptocurrency/payward-revenue-grew-17-in-q2-as-trading-volume-fell-13/?tg=1786716300

From MiCA to GENIUS: Why Crypto's Next Regulatory Test Is Cross-Border Coordination The central debate in digital asset policy used to be whether to regulate at all. That question is now settled. MiCA's transitional period ended July 1st, 2026; the UK finalized its cryptoasset rul... https://www.financemagnates.com/cryptocurrency/from-mica-to-genius-why-cryptos-next-regulatory-test-is-cross-border-coordination/?tg=1786685356

Deribit to Route Most Spot Orders to Coinbase under New Dubai Licence Deribit has received a Broker-Dealer Licence from Dubai's Virtual Assets Regulatory Authority (VARA), allowing the Coinbase-owned crypto derivatives platform to route most spot orders to Coinbase E... https://www.financemagnates.com/cryptocurrency/exchange/deribit-to-route-most-spot-orders-to-coinbase-under-new-dubai-licence/?tg=1786652979

Bullish’s Non-Trading Revenue Overtakes Transaction Revenue as Crypto Sales Fall 44% Bullish’s second-quarter results show why crypto platforms have to diversify from crypto: digital asset sales fell sharply, while transaction revenue contributes less than 50% to the bottom line. https://www.financemagnates.com/cryptocurrency/exchange/bullishs-non-trading-revenue-overtakes-transaction-revenue-as-crypto-sales-fall-44/?tg=1786630113

Crypto.com Launches Tokenised US Stocks in Europe: Trading Opens Round the Clock European users of Crypto.com now have around-the-clock access to more than 1,500 tokenised US stocks and ETFs, the exchange said. . https://www.financemagnates.com/cryptocurrency/exchange/cryptocom-launches-tokenised-us-stocks-in-europe-trading-opens-round-the-clock/?tg=1786567800

ASIC Says Yepbit Falsely Blamed Regulator for Frozen Investor Funds ASIC warned investors against Yepbit today (Wednesday_ after receiving several reports of blocked withdrawals. The regulator said the purported crypto and futures platform falsely blamed ASIC for f... https://www.financemagnates.com/cryptocurrency/asic-says-yepbit-falsely-blamed-regulator-for-frozen-investor-funds/?tg=1786516836

CFTC Sues Goliath Ventures Over $397 Million Crypto Ponzi Scheme The Commodity Futures Trading Commission has charged Goliath Ventures Inc. and its CEO, Florida resident Christopher Delgado, with running a Ponzi scheme built on fraudulent solicitations for bitco... https://www.financemagnates.com/cryptocurrency/cftc-sues-goliath-ventures-over-397-million-crypto-ponzi-scheme/?tg=1786483800

Coinbase Wins Abu Dhabi Approval to Launch Tokenized Securities Starting with Apple The Financial Services Regulatory Authority of Abu Dhabi Global Market has granted Coinbase a Financial Services Permission to arrange investment deals and provide custody services for tokenized se... https://www.financemagnates.com/cryptocurrency/coinbase-wins-abu-dhabi-approval-to-launch-tokenized-securities-starting-with-apple/?tg=1786470823

TradFi Is Getting Easier Access to DeFi. FATF Says Institutions Still Own the Risk Institutional infrastructure simplifies technical access to DeFi and complicates legal consequences of using it. . FATF's recent report admits that VASPs and DeFi arrangements bring lots of operati... https://www.financemagnates.com/cryptocurrency/tradfi-is-getting-easier-access-to-defi-fatf-says-institutions-still-own-the-risk/?tg=1786458295

Ruble Stablecoin A7A5 Has Processed Close to $140 Billion Since February 2025 Launch Ruble-denominated stablecoin A7A5 has processed close to $140 billion in turnover since its February 2025 launch, Pyotr Fradkov, CEO of Russia's PSB Bank, said. https://www.financemagnates.com/cryptocurrency/ruble-stablecoin-a7a5-has-processed-close-to-140-billion-since-february-2025-launch/?tg=1786382100

Gate.io Launches $3M Grant Program for Event Contracts Infrastructure Gate.io has introduced Event Contracts Builder, which it describes as a modular toolkit for brokers, fintech companies and Web3 developers seeking to add event-contract markets under their own brands. https://www.financemagnates.com/cryptocurrency/exchange/gateio-launches-3m-grant-program-for-event-contracts-infrastructure/?tg=1786372905

Robinhood Turns to Bitstamp as UK Crypto Trading Begins Robinhood has launched crypto trading in the UK, allowing eligible customers to buy and sell more than 50 digital assets through its app. https://www.financemagnates.com/cryptocurrency/robinhood-turns-to-bitstamp-as-uk-crypto-trading-begins/?tg=1786367967

The First Chinese Broker Cleared for Crypto in Hong Kong Is Going Private Guotai Haitong Securities offered on Friday to take its Hong Kong-listed arm private, valuing the unit at HK$28.6 billion (about $3. https://www.financemagnates.com/cryptocurrency/the-first-chinese-broker-cleared-for-crypto-in-hong-kong-is-going-private/?tg=1786348800

Bybit Uses Tokenised Equities as Underlyings for Structured Yield Bybit is expanding the role of tokenised equities on its platform by using more xStocks as underlyings for its Dual Asset structured product, allowing users to take short-duration exposure to token... https://www.financemagnates.com/cryptocurrency/exchange/bybit-uses-tokenised-equities-as-underlyings-for-structured-yield/?tg=1786124844

Malta Regulator Flags Surge in Crypto Scams Exploiting MiCA Transition The Malta Financial Services Authority has warned consumers about an increase in fraudulent schemes targeting crypto-asset holders during the European Union's transition to the Markets in Crypto-As... https://www.financemagnates.com/cryptocurrency/malta-regulator-flags-surge-in-crypto-scams-exploiting-mica-transition/?tg=1786119000

Coinbase Lets UK Users Trade US Stocks While Wall Street Sleeps Coinbase began rolling out US stock trading to eligible UK users today (Thursday), giving them access to buy, sell, and manage close to 4,000 US equities from within the same app used for crypto an... https://www.financemagnates.com/cryptocurrency/coinbase-lets-uk-users-trade-us-stocks-while-wall-street-sleeps/?tg=1786003200

CoinRoutes Adds Dedicated Wincent FIX Sessions for Institutional Clients CoinRoutes has added dedicated FIX connectivity to crypto market maker Wincent, allowing institutional clients to access its liquidity through the CoinRoutes order and execution management system. https://www.financemagnates.com/cryptocurrency/coinroutes-adds-dedicated-wincent-fix-sessions-for-institutional-clients/?tg=1785995339

Bybit Splits Crypto and Payments Into Two Austrian Entities. Bybit.eu Will Run Both Under One Login Bybit Payments GmbH has been granted an electronic money institution licence in Austria, giving Bybit a second regulated entity alongside its MiCA-authorised crypto business. https://www.financemagnates.com/cryptocurrency/exchange/bybit-splits-crypto-and-payments-into-two-austrian-entities-bybiteu-will-run-both-under-one-login/?tg=1785873600

Marex Now Takes USDC as Margin: How Stablecoin Collateral Actually Works, and the Letter It All Rests On A prop firm in Chicago just posted margin, and it wasn't dollars or Treasuries. Prime Trading delivered USDC to Marex as initial-margin collateral for CFTC-regulated cleared derivatives, the first ... https://www.financemagnates.com/cryptocurrency/marex-now-takes-usdc-as-margin-how-stablecoin-collateral-actually-works-and-the-letter-it-all-rests-on/?tg=1785785160

Robinhood Secures UK Crypto License, But Faces Stiff Competition After a series of false starts that must have left British investors feeling somewhat jilted, Robinhood has finally secured the much-coveted FCA approval to offer crypto services in the country. https://www.financemagnates.com/cryptocurrency/robinhood-secures-uk-crypto-license-but-faces-stiff-competition/?tg=1785758110