ChainCatcher news, according to Bloomberg, one of Dubai's largest banks, Emirates NBD, has launched cryptocurrency trading services through its digital banking platform Liv. Users can now buy, sell, and trade cryptocurrencies on the Liv X app. This service is technically supported by the local digital asset company Aquanow, authorized by the Dubai Virtual Assets Regulatory Authority, while the custody services are handled by Standard Chartered's subsidiary, Zodia Custody.This move highlights the growing interest of financial institutions in digital assets, following the recent announcement of Ethereum staking services by Switzerland's PostFinance AG and Italy's Intesa Sanpaolo completing its first Bitcoin spot purchase.

ChainCatcher news, according to Cointelegraph, the Emirates NBD bank, owned by the Dubai government, will launch cryptocurrency services through its digital banking subsidiary Liv. On March 5, Liv Bank partnered with licensed crypto asset service provider Aquanow to enable cryptocurrency buying, selling, and holding features on its Liv X app.The service allows Liv retail customers in the UAE to trade five major crypto assets, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA). Liv's crypto services are provided by the well-known cryptocurrency custody institution Zodia Custody, which received a strategic investment from Emirates NBD at the end of 2024.

ChainCatcher news, Morgan Stanley CEO Ted Pick revealed that the bank is working with the U.S. Treasury and other regulatory agencies to explore providing cryptocurrency trading services. Regarding phenomena like the TRUMP coin in the market, Pick stated that this reflects market liquidity manifesting in different ways, with the broader question being whether these have matured and if crypto assets have reached "escape velocity."Pick emphasized that time is the best friend; the longer the trading duration, the more likely perceptions will become reality. As a heavily regulated financial institution, Morgan Stanley will collaborate with the Treasury and regulatory agencies to explore how to conduct cryptocurrency business safely.

ChainCatcher news, the cryptocurrency custody platform under the Spanish bank BBVA will launch cryptocurrency trading services.Garanti BBVA Kripto is a cryptocurrency custody platform operated by Garanti BBVA, which holds 86% of its shares as of December 2023. The platform will soon provide cryptocurrency trading services to the public, with Bit2Me, a cryptocurrency exchange founded in 2014 and headquartered in Spain, being used as the bank's trading execution center.Abel Peña, Chief Sales Officer of Bit2Me, stated that the current cryptocurrency asset market (MiCA) regulations have come into full effect across the EU, and the collaboration between BBVA and the cryptocurrency exchange strongly indicates that more developments will occur in the future.

ChainCatcher news, according to Ming Pao, Hong Kong digital bank ZA Bank announced today the launch of cryptocurrency trading services on its app, becoming the first bank in Asia to offer such services to retail users. Users can buy and sell Bitcoin and Ethereum using Hong Kong dollars and US dollars.The entry threshold for this service is 70 USD or 600 HKD, with a commission of 1.99 USD or 15 HKD per transaction, and a platform fee of 1.5% of the transaction amount. ZA Bank will implement promotional policies by the end of June 2025, including waiving commissions and reducing the platform fee to 0.8%. ZA Bank's acting CEO, Wu Zhonghao, stated that the bank achieved monthly profitability in July this year, and this new business is expected to further drive revenue growth.

ChainCatcher news, UK digital bank Revolut announced that it has expanded its cryptocurrency exchange Revolut X to an additional 30 European countries. The company launched Revolut X in May this year, primarily targeting retail customers in the UK.The platform stated that existing Revolut customers can convert between fiat and cryptocurrencies within the Revolut ecosystem.

ChainCatcher news, according to Cointelegraph, financial giant Charles Schwab, with assets under management of $7.13 trillion, stated that the company is willing to offer cryptocurrency trading services if relevant laws change.Rick Wurster, the incoming CEO of Charles Schwab, indicated that the company plans to launch spot cryptocurrency trading after improvements in U.S. crypto regulations. Wurster said in an interview, "We expect the regulatory environment to change and are preparing for that possibility."It is reported that Charles Schwab is one of the largest investment services companies in the United States, founded in 1971, providing a variety of investment products and financial services, including stocks, bonds, and mutual funds.

ChainCatcher news, Brainwave Crypto announces its entry into the Hong Kong market, planning to apply for a license in Hong Kong with the goal of providing cryptocurrency trading services to Hong Kong customers.Brainwave Crypto launched its cryptocurrency exchange in Singapore in 2024, and its Hong Kong CEO, Paredes, stated that the new cryptocurrency policy in Hong Kong is quite welcoming and that there is a strong sensitivity to the risks of digital assets.

ChainCatcher news, according to Bitcoin.com, Brazil's largest bank and the largest in Latin America, Itau Unibanco, has opened its cryptocurrency trading services to all users. Through the bank's internal investment platform Ion, customers can purchase BTC and ETH, a feature that was previously available only to specific users.

ChainCatcher news, according to CoinDesk, at the Consensus 2024 conference, NYSE President Lynn Martin stated that if the regulatory environment for cryptocurrency trading becomes clearer, the NYSE would consider offering cryptocurrency trading services.She pointed out that the spot Bitcoin ETF listed in the U.S. has accumulated $58 billion in assets, indicating a strong market demand for regulated crypto products.Martin and Bullish cryptocurrency exchange CEO Tom Farley discussed cryptocurrency regulation, changes in U.S. politics, and the opportunities and limitations of blockchain technology. Farley mentioned that the U.S. attitude towards cryptocurrency is rapidly changing, including the removal of the anti-cryptocurrency chair of the Federal Deposit Insurance Corporation (FDIC), the passage of the Financial Innovation and Technology Act (FIT21) in the House, and Republican presidential candidate Donald Trump's support for cryptocurrency.Additionally, the Chicago Mercantile Exchange (CME) plans to launch spot cryptocurrency trading. Farley stated that while blockchain technology is expected to improve the efficiency of financial processes, regulators' skepticism towards public blockchains may drive traditional financial companies to develop private blockchains.

ChainCatcher news, according to Bloomberg, the stock and cryptocurrency trading platform Robinhood has opened trading for over 6,000 U.S.-listed stocks and other securities to retail investors on the waiting list in the UK, with plans for a full launch in 2024. Additionally, Robinhood plans to start offering cryptocurrency trading services in the EU in the coming weeks.

ChainCatcher news, the crypto-friendly brokerage platform Robinhood officially announced that its subsidiary Robinhood Crypto has been authorized by the New York State Department of Financial Services to engage in virtual currency business activities, and has launched trading and transfer services for 15 types of tokens.Robinhood Crypto services are currently available in all U.S. states and the District of Columbia, except for Hawaii.

ChainCatcher news, OSL Digital Securities Limited, a wholly-owned subsidiary of BC Technology Group, officially announced that it has received approval from the Hong Kong Securities and Futures Commission to enhance its existing license. The OSL Digital Securities platform will officially provide digital asset trading services for mainstream cryptocurrencies such as Bitcoin and Ethereum to retail investors starting today.According to the introduction, OSL is the world's first licensed and insured digital asset platform by the Hong Kong Securities and Futures Commission, established in 2018. It offers market services (brokerage, exchange, and custody) and Software as a Service (SaaS) technology solutions, providing digital asset trading services and high liquidity funding pools for institutional, professional, and retail investors.

ChainCatcher news, the California Department of Financial Protection and Innovation (DFPI) has ordered the cryptocurrency trading platform CryptoFX to cease operations, stating that it violated California securities laws and accused CryptoFX of offering and selling unqualified securities while making substantial false statements to investors.According to dozens of complaints submitted to the DFPI, CryptoFX failed to deliver the promised returns on its claimed investments, thereby deceiving investors and causing them to suffer significant financial losses. (Source link)

Coinsquare, a Canadian cryptocurrency trading platform, announced that it will acquire all issued and outstanding shares of Simply Digital Technologies (Simply Digital), a wholly-owned subsidiary of CoinSmart Financial, which owns and operates the CoinSmart trading platform.In addition, Coinsquare is applying to become the first cryptocurrency trading platform regulated by the Investment Industry Regulatory Organization of Canada (IIROC) as a dealer and market member, currently in the final stages of approval.Coinsquare was established in 2014 and has raised over $100 million to date. CoinSmart is also headquartered in Canada and provides cryptocurrency trading services. (Source link)