This week in global finance and fintech: new leadership at INFINOX, expanded crypto access from Morgan Stanley to Bunq, record-breaking results from brokers like Robinhood and XTB, and fresh regulatory crackdowns from the SEC. Here’s your roundup of the biggest moves and headlines
INFINOX Capital Appoints Lee Holmes as CEO
INFINOX Capital Ltd, regulated by the UK’s Financial Conduct Authority, has announced the appointment of Lee Holmes as Chief Executive Officer. His appointment marks a new leadership phase supported by the outgoing management team. Read More
Bunq Launches In-App Crypto Trading Powered by Kraken
Dutch digital bank Bunq has introduced a crypto trading feature for users in six countries, allowing direct access to digital assets through its mobile app. Read More
PrimeXBT Launches Stock Trading Through MetaTrader 5
PrimeXBT has announced the launch of stock Contracts for Difference (CFDs) on its MetaTrader 5 platform, expanding its range of trading products beyond crypto, forex, commodities, and indices. Read More
Robinhood Profit More Than Doubles on Crypto and Options Frenzy
Robinhood reported solid first-quarter earnings on Wednesday, as volatile markets fueled a surge in trading activity across crypto, equities, and options. Read More
Morgan Stanley to Add Crypto Trading to E*Trade by 2026
Morgan Stanley is reportedly preparing to offer cryptocurrency trading through its E*Trade platform by 2026. Read More
SEC Charges Three Texans with Defrauding Investors In $91 Million Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) has announced charges against Kenneth W. Alexander II, Robert D. Welsh, and Caedrynn E. Conner, all residents of the Dallas-Fort Worth area, for operating a Ponzi scheme that defrauded more than 200 investors out of at least $91 million. Read More
IM Academy Faces Charges Over $1.2 Billion Training Scam
The entity, collectively referred to as “IML,” operated as IYOVIA, IM Mastery Academy, iMarketsLive, and IM Academy. It promoted training in cryptocurrencies, binary options, forex, and stock trading. Read More
Interactive Brokers Reports Volumes Up by 63% YoY
Interactive Brokers Group has released its brokerage metrics and financial data for April 2025, reporting increases in client trading activity, equity levels, and account growth, while also publishing detailed execution cost statistics for U.S. Reg.-NMS stock trades. Read More
XTB Reports Record Revenue and Client Growth in Q1 2025 Despite Lower Profit
XTB has published its preliminary financial and operational results for the first quarter of 2025, showing record operating income and customer growth, while net profit declined year-on-year due to rising costs tied to the company’s global expansion and intensified marketing efforts. Read More
Crypto Digest
Crypto made headlines this week with Tether’s U.S. expansion plans, Ripple’s rejected Circle bid, and the SEC clearing PayPal’s stablecoin. Add in big broker earnings, enforcement drama, and global growth moves, and it’s clear: the digital finance world isn’t slowing down.
SEC Closes Inquiry Into PayPal’s Stablecoin Without Enforcement
The U.S. Securities and Exchange Commission (SEC) has ended its investigation into PayPal’s dollar-backed stablecoin PYUSD without taking enforcement action. Read More
MoonPay Establishes US HQ in New York City
MoonPay, a global leader in crypto payments, has announced the opening of its new U.S. headquarters in New York City, further solidifying its commitment to expanding its operations within the country. Read More
Circle Receives In-Principle Regulatory Approval from Abu Dhabi’s Regulator
Circle Internet Group has received In-Principle Approval from the Financial Services Regulatory Authority of Abu Dhabi Global Market to operate as a money services provider. Read More
Ripple Reportedly Offered Up to $5 Billion to Acquire Circle
Ripple made an acquisition offer valued between $4 billion and $5 billion to stablecoin issuer Circle, but the proposal was rejected as too low. Read More
Tether to Launch U.S. Version of USDT Stablecoin
Tether, the issuer of the world’s largest stablecoin, is planning to roll out a new product for the U.S. market by the end of 2025. Read More
Mango Markets Fraudster Faces Prison in Unrelated Child Porn Case
Avraham Eisenberg, known for orchestrating the $100 million exploit of Mango Markets in 2022, has been sentenced to over four years in prison on child pornography charges, a case separate from his high-profile crypto fraud. Read More