Category Archives: Finance Magnates


Huobi Pro: Everything You Need to Know

History and About Huobi is one of the global leading trading platforms  looking to give investors a professional, secure, and honest transaction platform. Help us to make Finance Magnates better! The exchange faced an uncertain future when the Chinese government began its clampdown, but the


Analysis: Scandinavia Sees Growth in Deposit Size in April

After a temporary slowdown during which Turkish traders were leading the ranks in terms of activity, April brings rebirth for China.  The latest analysis by Finance Magnates’ Intelligence Department  of data from CPattern  shows that Asian traders on average were the most active globally. The average Chinese


FxPro Announces Sponsorship Deal with McLaren F1 Team

FxPro, an online broker, and the McLaren F1 Team, a British Formula One team, announced that they have formed a partnership agreement today. Neither firm detailed the precise timelines involved but the deal will see FxPro sponsoring McLaren for several years. The CEO of FxPro,


Weiss Rating Agency: Cryptocurrency is More Trustworthy than Banks

Martin D. Weiss and Juan M. Villaverde, writing in Weiss Cryptocurrency Ratings, argue that legislative changes being made by the current US government demonstrate that the eventual usurping of the banking system by cryptocurrency is an inevitability. Weiss Ratings was founded in 1971 and provides


Breaking: 25 Percent of SWIFT Cross-Border Payments Now Made via GPI

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), a financial messaging services provider, announced today that 25 percent of its cross-border payment traffic is being sent over the company’s recently launched global payments innovation (GPI). SWIFT GPI was launched in the middle of 2017 .


eFXData to Gather Data from Thomson Reuters IFR Markets

eFXData, an FX data provider, has confirmed that it is launching a partnership with media giant, Thomson Reuters (TR). eFXplus, one of eFXData’s FinTech products, announced on Tuesday that it will now be able to derive data from TR’s International Financing Review Markets (IFR Markets)


XTX to Launch eFX Pricing and Trading Engine in Singapore

XTX Markets (XTX), a liquidity provider to the equity, FX, fixed income and commodity markets, announced today that it is launching an electronic FX (eFX) pricing and trading engine in Singapore. The launch, which will be done in partnership with the Monetary Authority of Singapore


Coinbase to Replace GDAX with Coinbase Pro by July

Coinbase has announced that it will be transferring its exchange customers to a new trading platform by next year, according to a company press release. The new platform is called Coinbase Pro. Help us to make Finance Magnates better! Coinbase customers currrently use an exchange


Plus500 to Move to LSE’s Main Market

Plus500, an FX broker, announced today that it will be applying to move its ordinary shares to trade on the London Stock Exchange’s (LSE) main market for listed securities. The move means the firm will soon be cancelling trading of its shares on the alternative