WikiFX report: Crypto exchange Luno facilitates record R121bn transactions
Global crypto-currency exchange Luno added almost a million new South African customers during 2020, and over 250 000 so far in 2021.
WikiFX report: Luno Offers Bitcoin Cash for Trading Following Approval From the SC
Luno has announced that it is the first Malaysian digital asset exchange to be allowed by the Securities Commission Malaysia to trade Bitcoin Cash (BCH).
WikiFX report: VertoFX secures £7.42 million Series A investment led by Quona Capital
Verto, a global B2B payments platform that allows small and medium-sized businesses (SMEs) to pay their suppliers in over 200 countries and 39 currencies, has raised $10 million in a Series A round of funding led by Quona Capital, with participation from The Treasury, Middle East Venture Partners (MEVP), TMT Investments, Unicorn Growth Capital, Zrosk Investments, and P1 Ventures. Y Combinator, Accelerated Digital Ventures, and Ace & Company are among the previous investors.
WikiFX report: Cross-border payments challenger VertoFX licensed to bank
Cross-border B2B payments challenger VertoFX has been granted an Electronic Money Institution (EMI) license from the UK Financial Conduct Authority (FCA).
WikiFX report: VertoFX raises $2M for its African and EM currency trading platform
VertoFX, a currency trading and payment firm focused on Africa and emerging countries, has raised a $2.1 million seed round headed by Accelerated Digital Ventures.
WikiFX report: Luno looks at who is buying crypto in South Africa
Regardless of your position on cryptocurrencies, the truth is that it is here to stay, with a particularly strong base in South Africa. Luno examined its data in order to provide some insight into who buys crypto locally.
WikiFX report: Riskier assets rebound, USD eases as Fed’s Powell reiterates 50 bps rate hike call
Powell, the chairman of the Federal Reserve, is focused more on price stability and foresees more than two rate hikes of 50 basis points this year.
WikiFX report: Launching an automated KYC verification process
My Forex Funds broker is a prop firm founded in 2020 that allows qualified traders to gain access to company accounts worth up to $2 million and keep a portion of the earnings made by trading activities. Nonetheless, the broker is always working to improve its products and services in order to meet the needs of its consumers in terms of fx live accounts and funded trader experience.
05/16 Market report
【Dow Jones】 【Euro】 【Gold】 【Crude Oil】
WikiFX report: Bitcoin hit by economic headwinds, Luno report says
As the crypto market was influenced by rising interest rates and financial market worries, BITCOIN has recovered from its week low of US$39,000 (RM164,000) to trade at US$41,886, while ETH is followed closely.
05/12 Market report
【Dow Jones】 【Crude Oil】 【Bitcoin】
05/11 Market report
【Dow Jones】 【EUR】 【Gold】 【Crude Oil】
WikiFX report: Luno Announces That Its Nigerian Users Will Soon Be Able To Withdraw and Deposit Fund
Nigerian merchants will be able to withdraw and deposit funds on cryptocurrency trading platform Luno after more than seven months. Following the country's cryptocurrency ban in February, the platform halted naira transactions.
The three major U.S. stock indexes rose collectively, and spot gold continued to decline
The three major U.S. stock indexes rose collectively, and spot gold continued to decline
Finland officially announced to join NATO, will the chaos in Europe resume?
Finland officially announced to join NATO, will the chaos in Europe resume?
WikiFX report: Nigerians deposit $10 for first crypto trade as Luno hits 10m wallets globally
According to a new analysis, Nigerians' average first deposit to trade on the cryptocurrency platform Luno was $10 during a 12-month period, but it is still behind the $76 deposit made by Singaporean users, the highest on the platform.
WikiFX report: African crypto usage spurs Luno as customers reach 7M
Between January 2020 and January 2021, Luno, a U.K.-based crypto firm formed by Marcus Swanepoel and Timothy Stranex in 2013, rose to 6 million customers. However, since then, the figure has risen to 7 million. With customers in 40 countries, the company now employs approximately 400 people in London, South Africa, Malaysia, Indonesia, Nigeria, and Singapore.
WikiFX report: Bitcoin Is Trading at a 46% Premium on Luno Nigeria After Central Bank Ban
The premium rose after the Central Bank of Nigeria reminded banks they could not provide crypto exchanges with financial services.
WikiFX report: INTERVIEW: Luno wants to work with CBN on crypto regulation, says Owen Odia
The Central Bank of Nigeria issued a groundbreaking ban on cryptocurrency transactions in the banking sector a year ago. The prohibition was imposed by the apex bank to prevent it from being used for illegal purposes. The restriction required crypto exchanges to make significant changes to their operations, as several were unable to accept deposits or process withdrawals at the time. However, the Nigerian cryptocurrency sector has continued to grow, fueled by peer-to-peer trading and exchanges.
WikiFX report: Cryptocurrency: Luno resumes naira deposit, withdrawal for Nigerians
Luno traders in Nigeria will be able to deposit and withdraw in local currency starting in November, the trading platform announced on Monday.