PayPal to extend stock-trading access to US customers
PayPal is considering expanding its capabilities to stock trading for US customers, according to CNBC, citing informed sources.The stock market is a collection of markets where stocks (shares of ownership in businesses) are bought and sold.
PayPal to extend stock-trading access to US customers
PayPal is considering expanding its capabilities to stock trading for US customers, according to CNBC, citing informed sources.
Blockchain.com Eyes IPO in 2023
Blockchain.com, the exchange and cryptocurrency wallet provider, is considering an IPO in 2023. This was disclosed by the company’s CFO Makrina Kgil, Fortune reports. On August 30, 2021, the platform marked its tenth anniversary since launch. According to Kgil, during this period Blockchain.com processed user transactions totaling $1 trillion. Over $1 trillion in crypto has been transacted on the platform.
Canadian firm to plant trees to offset carbon footprint of Bitcoin ETF
Accelerate Financial Technologies has pledged to plant 3,450 trees for every CAD 1 million ($790,000) invested in its carbon-negative Bitcoin ETF. This will reduce CO2 emissions by 1,000 tonnes, Bloomberg reports.
Crypto trading nets eToro more than 70% of commission income in Q2
Based on the results for Q2 2021, the eToro investment platform earned more than $264 million in commissions from cryptocurrency trading.
Bloomberg Analysts Forecast SEC Approval of Bitcoin ETF by End-October
Bloomberg analysts predicted that the U.S. Securities and Exchange Commission (SEC) would approve the Bitcoin ETF application by the end of October.
AdvisorShares applies to launch a Bitcoin-futures ETF
ETF provider AdvisorShares filed with the SEC to launch an actively managed Bitcoin-futures ETF. Morgan Creek Capital will serve as co-manager of the strategy.
VanEck and ProShares Withdraw Ethereum ETF Filings Two Days After Submission
On August 20, asset managers ProShares and VanEck filed with the SEC to withdraw their applications to launch Ether Strategy ETF and Ethereum Strategy ETF based on Ethereum futures.
Eurex to launch first regulated Bitcoin ETN futures in Europe
On September 13, Eurex, the derivatives platform, will launch Bitcoin-ETN futures with physical delivery of the first cryptocurrency.
VanEck and ProShares Submit Applications for Ethereum Futures-Based ETFs
Asset management firms ProShares and VanEck filed applications with the SEC to launch Ethereum futures-based ETFs Ether Strategy ETF and Ethereum Strategy ETF respectively.
Argo Blockchain to list on Nasdaq
The mining company Argo Blockchain has filed an application with the U.S. Securities and Exchange Commission to list its American Depositary Shares (ADS) on the Nasdaq stock exchange.
BlackRock buys stakes in Marathon Digital Holdings and Riot Blockchain
The international investment company BlackRock, Inc., which manages assets of more than $8.7 trillion, acquired stakes in Nasdaq-listed mining firms Marathon Digital Holdings and Riot Blockchain.
Crypto trading accounted for more than 40% of Robinhood’s revenue in the second quarter
The online broker Robinhood for April–June generated revenue of $565 million, up 8.2% from January–March. The share of digital-asset trading in the figure rose from 17% ($88 million) to 41% ($233 million).
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