CMC Markets’ Net Trading Revenue plunges up by 27%

CMC Markets, a London-based brokerage group, released their six months interim financials between April and September, reflecting a 21% hike in its net operating income (NOI), generating £153.5 million. The estimation published is for the first half (H1) of its fiscal year, 2023. While CMC Market’s net operating income was driven by net trading revenue, … Read more

AVAX expands its reach to Japan via Coinbase

After Coinbase lists AVAX on the platform, Avalanche blockchain enters the Japanese market. AVAX can now be traded on desktop computers and mobile devices throughout the region. The Avalanche blockchain’s native token can be used for minting non-fungible tokens, playing games in the Web3 sphere, funding DeFi applications, and safeguarding the network, among many others. … Read more

Silo merges with Chainlink & strengthens financial operations

Silo Finance, which happens to be a decentralized and non-custodial lending protocol, has formed an extremely favorable and mutually beneficial merger with Chainlink Price Feeds. However, this has been positioned on the Ethereum mainnet. Silo Finance is involved in the activities related to incorporating the lending markets, which do not offer any risk-related factors whatsoever. … Read more

Binance receives FSP from FSRA of ADGM to enhance customer safety

Binance has gained the capability of allowing its professional clients to claim custody. The update follows the development wherein the crypto platform has received Financial Services Permission from the Financial Services Regulatory Authority of ADGM, short for Abu Dhabi Global Market. Receiving Financial Services Permission is a part of its expansion plan, especially in the … Read more