Crypto Gator | The Best Cryptocurrency, Blockchain and Forex News Aggregator
The Best Cryptocurrency, Blockchain and Forex News Aggregator
The financial services sector is embracing new technology quickly in order to boost productivity, client satisfaction, and overall user experience. The use of chatbots and virtual assistants is one technology that has seen substantial growth in recent years. Artificial intelligence and natural language processing are used by computer programs known as chatbots to mimic conversations with human users. On the […]
The US Federal Deposit Insurance Corporation (FDIC) is pushing towards a sale of troubled First Republic Bank as the deadline for a deal is looming. JPMorgan Chase, PNC Financial Services Group, and Citizens Financial Group have submitted bids to procure the ailing lender, according to multiple media houses, but a decision has yet to be finalized. The Collapse of First […]
Admirals, an Estonia-based retail FX and CFDs broker, has expanded its presence in Africa with the opening of new offices in Lagos, Nigeria. The firm announced the development on Monday, noting that it decided to establish its physical presence in the West African country after it received “significant traction from traders in Nigeria.”Admirals Expands Presence in AfricaThe launch comes months […]
Retail FX and CFDs brokers, Tastytrade and LiteFinance on Monday separately disclosed new updates about their brokerage business. While the former launched an application programming interface (API), the latter released a ‘new and improved’ version of its mobile trading application for iOS devices.Tastytrade Introduces ‘tastytrade-API’Tastytrade explained that the new interface tagged ‘tastytrade-API’ offers its users the ability to “build software […]
The Daily Average Revenue Trades (DARTs) of popular American electronic trading platform, Interactive Brokers, declined 14% to 1.765 million in April 2023. The average trades per day that generated commissions or fees also slumped 20% last month, the online broker disclosed in its brokerage metrics for April 2023 released on Monday.Interactive Brokers had ended March 2023 with 2.055 million DARTs, […]
Nigeria’s securities regulator has flagged down six online trading platforms for operating in the country without authorization. The Securities and Exchange Commission (SEC) listed the platforms in a recent statement published on its website.According to the watchdog, the platforms are Prime Invest (https://webtrader.pinvest.cc/), FXBoxed (https://account.fxboxed.com/) and New Finance LLC and New FX Limited (https://www.newfx.us). The other three platforms are Axi24 […]
Plus500 (LON: PLUS), the Israeli trading platform, issued a trading update on Tuesday, highlighting that it ‘has continued to deliver a strong performance in FY 2023’.Plus500’s Update for Investors The update came ahead of the upcoming annual general meeting and pointed out that the key metrics of the group’s performance in Q1 2023 were better than the previous year. Plus500 […]
Copy trading is a common investment practice, but new indicators show that in Africa, the method has become a phenomenal hit. Curiosity about copy trading among Africans is higher than in other developed nations, such as the United States, the United Kingdom and Australia, according to Google data on searches. Investigating the data, Finance Magnates found that some brokerages have […]
Revolut Launches in Brazil The UK-headquartered fintech giant, Revolut has entered the Latin American markets by launching its service in Brazil. The company onboarded Glauber Mota from BTG Pactual to lead the rollout in Brazil. “Our mission is to unlock a borderless economy with financial products that are accessible and easy to use and that allow our customers to use […]
Trading activities in spot foreign exchange among institutional investors weakened last month across regions, data from Cboe FX, Deutsche Börse’s 360T, FXSpotStream and Click 365, shows. The decline comes after major trading venues reported stronger output earlier in March. In January, the institutional spot FX demand recovered from the holiday lows in December only to retreat in February. By March, […]