{"id":625508,"date":"2023-04-04T14:49:23","date_gmt":"2023-04-04T19:49:23","guid":{"rendered":"https:\/\/news.sellorbuyhomefast.com\/index.php\/2023\/04\/04\/news-nuggets-4-april-vida-markets-new-hire-funding-of-terrapay-bidget\/"},"modified":"2023-04-04T14:49:23","modified_gmt":"2023-04-04T19:49:23","slug":"news-nuggets-4-april-vida-markets-new-hire-funding-of-terrapay-bidget","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2023\/04\/04\/news-nuggets-4-april-vida-markets-new-hire-funding-of-terrapay-bidget\/","title":{"rendered":"News Nuggets | 4 April: Vida Markets&#8217; New Hire; Funding of TerraPay, Bidget"},"content":{"rendered":"<div data-v-1702825e>\n<h2 data-v-1702825e>Crossover Markets Appoints Paul<br \/>\nas Global Head of Operations<\/h2>\n<p data-v-1702825e>Crossover Markets Group, a<br \/>\nstartup providing an advanced digital assets marketplace for institutional<br \/>\ninvestors, has appointed Paul Cusack, an ex-Senior Business Developer for FX<br \/>\nPrime Brokerage at ABN AMRO Clearing Bank, as its Global Head of Operations. Cusack<br \/>\nannounced his appointment on Tuesday on LinkedIn.<\/p>\n<figure data-media-id=\"3acd8171-9aee-44c1-aaec-c7720047a362\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Crossover Markets Appoints Paul Cusack as Global Head of Operations\" src=\"https:\/\/images.financemagnates.com\/images\/Crossover%20Markets%20Appoints%20Paul%20Cusack%20as%20Global%20Head%20of%20Operations_id_3acd8171-9aee-44c1-aaec-c7720047a362_size260.jpeg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Paul Cusack, the new Global Head of Operations at Crossover Markets Group<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>The new <a href=\"http:\/\/www.financemagnates.com\/cryptocurrency\/exness-backed-crossover-markets-launches-crypto-ecn\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>Crossover Markets<\/a> executive has worked for a number of financial<br \/>\norganizations such as Deutsche Bank and Citi where he worked between 2004 and<br \/>\n2022. He worked as the Director of FX Prime Brokerage at both investment banks.<br \/>\nHowever, at Deutsche Bank, he took on the additional role of Product Head for<br \/>\nEurope, Middle East and Africa.<\/p>\n<h2 data-v-1702825e>Credit Suisse CEO Pledges Merger Completion amidst Probe<\/h2>\n<p data-v-1702825e>Ulrich Koerner, the Chief<br \/>\nExecutive Officer of Credit Suisse, has pledged \u201cto do everything in my power\u201d<br \/>\nto ensure the complete merger of the beleaguered financial institution with<br \/>\nrival UBS. Koerner, who was <a href=\"http:\/\/www.financemagnates.com\/executives\/moves\/credit-swiss-names-ulrich-krner-as-ceo-q2-losses-deepen-to-16b\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>named CEO in July last year<\/a>, said this on Tuesday at the bank\u2019s final annual<br \/>\ngeneral meeting (AGM), <em data-v-1702825e>Reuters<\/em> reported, citing a manuscript of the executive\u2019s speech.<\/p>\n<p data-v-1702825e>UBS <a href=\"http:\/\/www.financemagnates.com\/institutional-forex\/ubsagreed-to-buy-troubled-rival-credit-suisse\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>agreed to take over Credit Suisse<\/a> in mid-March for CHF 3 billion in a quick deal<br \/>\nmediated by the Swiss regulator FINMA, which bypassed stakeholders&#8217; consent. Koerner\u2019s comment comes days after the Switzerland<br \/>\nAttorney General\u2019s Office <a href=\"http:\/\/www.financemagnates.com\/institutional-forex\/swiss-prosecutors-probe-ubs-and-credit-suisse-merger\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>confirmed its investigation<\/a> into potential breaches committed by participants<br \/>\nin the deal. <\/p>\n<p data-v-1702825e>Furthermore, during the AGM on Tuesday, Axel<br \/>\nLehmann, Credit Suisse\u2019s Chairman said he was \u201ctruly sorry\u201d the bank was<br \/>\nnot able to rein in on the \u201closs of trust\u201d it has suffered over the years, <em data-v-1702825e>Reuters<br \/>\n<\/em>also reported, citing a manuscript of Lehmann&#8217;s speech.<\/p>\n<h2 data-v-1702825e>Richard Berliand Appointed<br \/>\nby TP ICAP<br \/>\n<\/h2>\n<figure data-media-id=\"575cba39-d337-456e-b16a-2c3442e91154\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Richard Berliand\" src=\"https:\/\/images.financemagnates.com\/images\/Richard%20Berliand_id_575cba39-d337-456e-b16a-2c3442e91154_size260.jpg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Richard Berliand, TP ICAP<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>Today, TP Icap<br \/>\nGroup announced that the 2023 annual general meeting (AGM) will take<br \/>\nplace on 17 May 2023. What is more, the company revealed that effective from 20<br \/>\nApril 2023, Richard Berliand will be appointed as a member of the Remuneration<br \/>\nCommittee.<\/p>\n<p data-v-1702825e>Berliand<br \/>\nwas elected the Board Chair in May 2019 and served on the Nominations &#038;<br \/>\nGovernance Committee. He operated as the Managing Director at JP Morgan for<br \/>\n23 years, followed by 13 years at Deutsche B\u00f6rse, where he served as Deputy<br \/>\nChairman of the Supervisory Board and Chairman of Risk &#038; Technology<br \/>\nCommittees Deputy.<\/p>\n<h2 data-v-1702825e>TerraPay Raises $100 Million<br \/>\n<\/h2>\n<p data-v-1702825e>Payment infrastructure company, TerraPay  recently closed its Series B funding round, raising more than $100 million in equity and debt financing. IFC led the funding round, which was also participated by Prime Ventures, Partech Africa, the US International Development Finance Corporation (DFC), and a consortium of other investors.\n<\/p>\n<p data-v-1702825e>TerraPay is aiming to fund its expansion goals in Latin America and MENA region with fresh proceeds. In addition, it plans to apply for regulatory licenses.<\/p>\n<p data-v-1702825e>&#8220;The continuous support from our investors and lending partners has enabled us to expand our <a href=\"http:\/\/www.financemagnates.com\/fintech\/payments\/digital-payment-options-for-e-commerce\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>infrastructure<\/a>, enhance our network coverage, and accelerate investment in our operations, product development, and technology,&#8221; said Ambar Sur, the Founder and CEO of TerraPay.<\/p>\n<h2 data-v-1702825e>Eightco Holdings Emerges<br \/>\nas New Identity for Cryptyde <\/h2>\n<p data-v-1702825e>Eightco<br \/>\nHoldings Inc. revealed today that it has rebranded from Cryptyde, Inc. The<br \/>\ncompany has decided to focus on its most valuable asset, Forever 8, which is<br \/>\nprojected to generate $60 million in revenue for the fiscal year 2023.<br \/>\nAdditionally, Eightco foresees synergistic opportunities to enhance its<br \/>\nexpanding fintech business.<\/p>\n<p data-v-1702825e>Besides the<br \/>\ntransition to Eightco Holdings Inc., the trading symbol for its common stock on<br \/>\nthe Nasdaq Capital Market has switched from &#8216;TYDE&#8217; to<br \/>\n&#8216;OCTO&#8217;. Starting Tuesday, 4 April 2023, the common stock will be<br \/>\ntraded under the new symbol when the market opens.<\/p>\n<p data-v-1702825e>&#8220;Eightco<br \/>\nHoldings Inc. signifies our commitment to the fintech industry&#8217;s expansion<br \/>\ncoupled with the market opportunities that our subsidiary, Forever 8,<br \/>\npresents,&#8221; Brian McFadden, the CEO of Eightco Holdings, said.<\/p>\n<h2 data-v-1702825e>Luis Dos Santos Joins Vida Markets<br \/>\n<\/h2>\n<figure data-media-id=\"257370f7-4731-490f-a0ce-9f4903d3e124\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Luis Dos Santos, Head of Partnerships at Vida Markets\" src=\"https:\/\/images.financemagnates.com\/images\/Luis%20Dos%20Santos%2C%20Head%20of%20Partnerships%20at%20Vida%20Markets_id_257370f7-4731-490f-a0ce-9f4903d3e124_size260.jpg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Luis Dos Santos, Head of Partnerships at Vida Markets<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>Vida Markets has hired Luis Dos Santos as the new Head of Partnerships. He is a financial services industry insider and previously worked for Trading 212, London Capital Group, Blackwell Global Investments (UK), and IG.\n<\/p>\n<p data-v-1702825e>Vida Markets is a forex and contracts for differences (CFDs) broker, offering services with licenses and registration in Cyprus, St Vincent and the Grenadines, and UAE. Earlier this year, the broker became a <a href=\"http:\/\/www.financemagnates.com\/forex\/fincom-approves-vida-markets-membership-withdraws-idealfxs\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>member of the Financial Commission<\/a>.<\/p>\n<h2 data-v-1702825e>Bitget Gets $10 Million from Dragonfly<br \/>\n<\/h2>\n<p data-v-1702825e>Crypto derivatives platform, <a href=\"http:\/\/www.financemagnates.com\/cryptocurrency\/crypto-exchange-bitget-inks-sponsorship-deal-with-juventus-womens-team\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>Bitget<\/a>, has received a $10 million investment from Dragonfly, a crypto-focused venture capital firm, to support its ongoing global market and services expansion.\n<\/p>\n<figure data-media-id=\"1ccf875b-712b-423b-b8ef-ec25cbcb481f\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Gracy Chen, Managing Director of Bitget.\" src=\"https:\/\/images.financemagnates.com\/images\/Gracy%20Chen%2C%20Managing%20Director%20of%20Bitget._id_1ccf875b-712b-423b-b8ef-ec25cbcb481f_size260.jpg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Gracy Chen, Managing Director of Bitget.<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>&#8220;As the fastest-growing exchange in the past 12 months, this investment is a recognition of our focus on BUIDL in the bear run. Except for the cash inflow, what will benefit us more from the Dragonfly partnership is their crypto savvy and insights,&#8221; said Gracy Chen, the Managing Director of Bitget.\n<\/p>\n<p data-v-1702825e>Meanwhile, Bitget, which signed Lionel Messi as its brand ambassador, was among the four crypto exchanges recently <a href=\"http:\/\/www.financemagnates.com\/cryptocurrency\/messi-endorsed-crypto-exchange-bitget-has-been-flagged-by-japan\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>flagged by the Japanese financial market regulator.<\/a><\/p>\n<h2 data-v-1702825e>Finanzguru Raises \u20ac13 Million<br \/>\n<\/h2>\n<p data-v-1702825e>Frankfurt-based <a href=\"http:\/\/www.financemagnates.com\/fintech\/education-centre\/what-is-fintech-and-how-does-it-work\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>fintech<\/a>, Finanzguru has secured \u20ac13 million in a fresh funding round. Two new investors, SCOR Ventures and PayPal Ventures, led the round, while existing investors, including Deutsche Bank, VR Ventures, Hannover Digital Investments, Venture Stars, and the former  CEO at Postbank, Frank Strauss, also participated in the funding round.\n<\/p>\n<p data-v-1702825e>The company will use the proceeds to accelerate profitable growth in Germany and to expand its product platform further. Moreover, it plans to increase its headcount.\n<\/p>\n<p data-v-1702825e>&#8220;By adding personal financial advice as an offering in the Finanzguru app, we are meeting a real need in the German consumer market. This has allowed us to greatly expand our business over the past 18 months,&#8221; said Benjamin Michel, the Co-Founder and Co-CEO of Finanzguru. &#8220;We are pleased to be able to continue to drive growth with the support of two new high-profile investors.&#8221;<\/p>\n<h2 data-v-1702825e>ClearBank Almost Triples 2022 Income<br \/>\n<\/h2>\n<p data-v-1702825e>London-based <a href=\"http:\/\/www.financemagnates.com\/fintech\/clearbanks-ytd-revenue-climbs-almost-three-fold-to-454m\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>ClearBank <\/a>ended 2022 with an income of \u00a358 million, which was 173 percent higher than the previous year. The income was primarily driven by a 43 percent increase in net transactions and a 23 percent jump in fixed platform fees, both of which were pushed by a 22 percent rise in its customer base.\n<\/p>\n<p data-v-1702825e>On top of that, the lender became profitable and now anticipates continuing UK profitability through 2023. Additionally, it plans to enter the European markets in H2.\n<\/p>\n<figure data-media-id=\"4dc9db46-00ce-4b50-817d-14d6cb23a1ca\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Charles McManus, CEO at ClearBank\" src=\"https:\/\/images.financemagnates.com\/images\/Charles%20McManus%2C%20CEO%20at%20ClearBank_id_4dc9db46-00ce-4b50-817d-14d6cb23a1ca_size260.jpg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Charles McManus, CEO at ClearBank<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>&#8220;2022 was a landmark year for ClearBank \u2013 we&#8217;ve grown exponentially, onboarded fantastic new clients and been one of the few new banks globally to reach profitability. On top of this, we&#8217;ve secured the investment to fuel the next phase of ClearBank&#8217;s journey \u2013 international expansion,&#8221; said Charles McManus, the CEO at ClearBank.<\/p>\n<h2 data-v-1702825e>CoinShares Announces Share Buyback<br \/>\n<\/h2>\n<p data-v-1702825e>The Board of <a href=\"http:\/\/www.financemagnates.com\/cryptocurrency\/coinshares-introduces-automated-trading-platform-hal\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>CoinShares <\/a>(Nasdaq Stockholm: CS; US OTCQX: CNSRF), a digital asset investment firm, has approved a share buyback program for a maximum amount of SEK25 million (about $2.42 million). It will start on 4 April and end on 30 May.\n<\/p>\n<p data-v-1702825e>The decision was taken after a review of the company&#8217;s capital structure, aiming towards reducing the capital.<\/p>\n<h2 data-v-1702825e>FD Technologies Expects \u00a3296M in Revenue for FY2<\/h2>\n<p data-v-1702825e>FD Technologies released a <a href=\"https:\/\/www.londonstockexchange.com\/news-article\/FDP\/fy23-trading-update\/15903537\" target=\"_blank\" rel=\"nofollow noopener\" data-v-1702825e>trading update<\/a>, revealing its expectations to end the fiscal year 2023 with a revenue of approximately \u00a3296 million, which is 12 percent higher than the previous year. The group EBITDA is expected to be at \u00a335 million, pushed by the performances of KX and First Derivative.\n<\/p>\n<figure data-media-id=\"f8d72f6f-2c68-4fff-b113-222c88e24245\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Seamus Keating, Group CEO at FD Technologies\" src=\"https:\/\/images.financemagnates.com\/images\/Seamus%20Keating%2C%20Group%20CEO%20at%20FD%20Technologies_id_f8d72f6f-2c68-4fff-b113-222c88e24245_size260.jpg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Seamus Keating, Group CEO at FD Technologies<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>\n&#8220;KX and First Derivative have performed strongly, with both revenue and EBITDA ahead of our expectations, as each business strengthened its market position,&#8221; said Seamus Keating, the Group CEO at FD Technologies.\n<\/p>\n<p data-v-1702825e>\nThe company now aims to push KX further with an acceleration in the speed of data and AI-driven business innovation. It expects KX to achieve ARR growth of at least 35 percent. And, for First Derivatives, the revenue is expected to grow more than 10 percent with a three-year target of a 15 percent EBITDA margin.<\/p>\n<h2 data-v-1702825e>GCEX Launches Proprietary Trading Platforms<\/h2>\n<p data-v-1702825e>GCEX has entered the trading technology space with the launch of two proprietary trading platforms, XplorSpot and XplorTrader. Both platforms are part of the company\u2019s XplorDigital trading solutions and are targeted toward brokers, fund managers, hedge funds, and professional traders. XplorSpot is a digital asset trading platform developed to serve institutional and professional clients, while XplorTrader is for margin forex and contracts for differences trading.<\/p>\n<figure data-media-id=\"d931ba86-5206-4b70-b778-b15fd05c327f\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Exclusive: GCEX's Holst Breaks Down Signature Bank Exposure\" src=\"https:\/\/images.financemagnates.com\/images\/Exclusive%3A%20GCEX%27s%20Holst%20Breaks%20Down%20Signature%20Bank%20Exposure_id_d931ba86-5206-4b70-b778-b15fd05c327f_size260.jpg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Lars Holst, CEO and Founder, GCEX<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>\u201cThe introduction of XplorDigital and our new platforms is a major step forward for <a href=\"http:\/\/www.financemagnates.com\/tag\/gcex\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>GCEX<\/a>, propelling us to the next level,\u201d said Lars Holst, the Founder and CEO of GCEX.<\/p>\n<p data-v-1702825e>Read the full article <a href=\"http:\/\/www.financemagnates.com\/forex\/gcex-launches-proprietary-trading-platforms-for-crypto-fxcfds\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>here<\/a>.<\/p>\n<h2 data-v-1702825e>CMC Invest Soft Launches in Singapore<\/h2>\n<p data-v-1702825e>CMC has announced the soft launch of <a href=\"http:\/\/www.financemagnates.com\/forex\/brokers\/cmc-group-launches-new-stock-trading-platform\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>CMC Invest<\/a> in Singapore. The new online and mobile trading platform will be available to the existing CFD clients of CMC Markets in Singapore from May 2023, while it will start onboarding new clients from Q3 2023 onwards.<\/p>\n<p data-v-1702825e>Singapore has become the third country for CMC Invest as it is already available in the UK and Australia.<\/p>\n<p data-v-1702825e>Read the full report <a href=\"http:\/\/www.financemagnates.com\/forex\/cmcs-cfds-clients-in-singapore-can-access-invest-from-may\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>here<\/a>.<\/p>\n<\/div>\n<div data-v-1702825e>\n<h2 data-v-1702825e>Crossover Markets Appoints Paul<br \/>\nas Global Head of Operations<\/h2>\n<p data-v-1702825e>Crossover Markets Group, a<br \/>\nstartup providing an advanced digital assets marketplace for institutional<br \/>\ninvestors, has appointed Paul Cusack, an ex-Senior Business Developer for FX<br \/>\nPrime Brokerage at ABN AMRO Clearing Bank, as its Global Head of Operations. Cusack<br \/>\nannounced his appointment on Tuesday on LinkedIn.<\/p>\n<figure data-media-id=\"3acd8171-9aee-44c1-aaec-c7720047a362\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Crossover Markets Appoints Paul Cusack as Global Head of Operations\" src=\"https:\/\/images.financemagnates.com\/images\/Crossover%20Markets%20Appoints%20Paul%20Cusack%20as%20Global%20Head%20of%20Operations_id_3acd8171-9aee-44c1-aaec-c7720047a362_size260.jpeg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Paul Cusack, the new Global Head of Operations at Crossover Markets Group<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>The new <a href=\"http:\/\/www.financemagnates.com\/cryptocurrency\/exness-backed-crossover-markets-launches-crypto-ecn\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>Crossover Markets<\/a> executive has worked for a number of financial<br \/>\norganizations such as Deutsche Bank and Citi where he worked between 2004 and<br \/>\n2022. He worked as the Director of FX Prime Brokerage at both investment banks.<br \/>\nHowever, at Deutsche Bank, he took on the additional role of Product Head for<br \/>\nEurope, Middle East and Africa.<\/p>\n<h2 data-v-1702825e>Credit Suisse CEO Pledges Merger Completion amidst Probe<\/h2>\n<p data-v-1702825e>Ulrich Koerner, the Chief<br \/>\nExecutive Officer of Credit Suisse, has pledged \u201cto do everything in my power\u201d<br \/>\nto ensure the complete merger of the beleaguered financial institution with<br \/>\nrival UBS. Koerner, who was <a href=\"http:\/\/www.financemagnates.com\/executives\/moves\/credit-swiss-names-ulrich-krner-as-ceo-q2-losses-deepen-to-16b\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>named CEO in July last year<\/a>, said this on Tuesday at the bank\u2019s final annual<br \/>\ngeneral meeting (AGM), <em data-v-1702825e>Reuters<\/em> reported, citing a manuscript of the executive\u2019s speech.<\/p>\n<p data-v-1702825e>UBS <a href=\"http:\/\/www.financemagnates.com\/institutional-forex\/ubsagreed-to-buy-troubled-rival-credit-suisse\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>agreed to take over Credit Suisse<\/a> in mid-March for CHF 3 billion in a quick deal<br \/>\nmediated by the Swiss regulator FINMA, which bypassed stakeholders&#8217; consent. Koerner\u2019s comment comes days after the Switzerland<br \/>\nAttorney General\u2019s Office <a href=\"http:\/\/www.financemagnates.com\/institutional-forex\/swiss-prosecutors-probe-ubs-and-credit-suisse-merger\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>confirmed its investigation<\/a> into potential breaches committed by participants<br \/>\nin the deal. <\/p>\n<p data-v-1702825e>Furthermore, during the AGM on Tuesday, Axel<br \/>\nLehmann, Credit Suisse\u2019s Chairman said he was \u201ctruly sorry\u201d the bank was<br \/>\nnot able to rein in on the \u201closs of trust\u201d it has suffered over the years, <em data-v-1702825e>Reuters<br \/>\n<\/em>also reported, citing a manuscript of Lehmann&#8217;s speech.<\/p>\n<h2 data-v-1702825e>Richard Berliand Appointed<br \/>\nby TP ICAP<br \/>\n<\/h2>\n<figure data-media-id=\"575cba39-d337-456e-b16a-2c3442e91154\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Richard Berliand\" src=\"https:\/\/images.financemagnates.com\/images\/Richard%20Berliand_id_575cba39-d337-456e-b16a-2c3442e91154_size260.jpg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Richard Berliand, TP ICAP<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>Today, TP Icap<br \/>\nGroup announced that the 2023 annual general meeting (AGM) will take<br \/>\nplace on 17 May 2023. What is more, the company revealed that effective from 20<br \/>\nApril 2023, Richard Berliand will be appointed as a member of the Remuneration<br \/>\nCommittee.<\/p>\n<p data-v-1702825e>Berliand<br \/>\nwas elected the Board Chair in May 2019 and served on the Nominations &#038;<br \/>\nGovernance Committee. He operated as the Managing Director at JP Morgan for<br \/>\n23 years, followed by 13 years at Deutsche B\u00f6rse, where he served as Deputy<br \/>\nChairman of the Supervisory Board and Chairman of Risk &#038; Technology<br \/>\nCommittees Deputy.<\/p>\n<h2 data-v-1702825e>TerraPay Raises $100 Million<br \/>\n<\/h2>\n<p data-v-1702825e>Payment infrastructure company, TerraPay  recently closed its Series B funding round, raising more than $100 million in equity and debt financing. IFC led the funding round, which was also participated by Prime Ventures, Partech Africa, the US International Development Finance Corporation (DFC), and a consortium of other investors.\n<\/p>\n<p data-v-1702825e>TerraPay is aiming to fund its expansion goals in Latin America and MENA region with fresh proceeds. In addition, it plans to apply for regulatory licenses.<\/p>\n<p data-v-1702825e>&#8220;The continuous support from our investors and lending partners has enabled us to expand our <a href=\"http:\/\/www.financemagnates.com\/fintech\/payments\/digital-payment-options-for-e-commerce\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>infrastructure<\/a>, enhance our network coverage, and accelerate investment in our operations, product development, and technology,&#8221; said Ambar Sur, the Founder and CEO of TerraPay.<\/p>\n<h2 data-v-1702825e>Eightco Holdings Emerges<br \/>\nas New Identity for Cryptyde <\/h2>\n<p data-v-1702825e>Eightco<br \/>\nHoldings Inc. revealed today that it has rebranded from Cryptyde, Inc. The<br \/>\ncompany has decided to focus on its most valuable asset, Forever 8, which is<br \/>\nprojected to generate $60 million in revenue for the fiscal year 2023.<br \/>\nAdditionally, Eightco foresees synergistic opportunities to enhance its<br \/>\nexpanding fintech business.<\/p>\n<p data-v-1702825e>Besides the<br \/>\ntransition to Eightco Holdings Inc., the trading symbol for its common stock on<br \/>\nthe Nasdaq Capital Market has switched from &#8216;TYDE&#8217; to<br \/>\n&#8216;OCTO&#8217;. Starting Tuesday, 4 April 2023, the common stock will be<br \/>\ntraded under the new symbol when the market opens.<\/p>\n<p data-v-1702825e>&#8220;Eightco<br \/>\nHoldings Inc. signifies our commitment to the fintech industry&#8217;s expansion<br \/>\ncoupled with the market opportunities that our subsidiary, Forever 8,<br \/>\npresents,&#8221; Brian McFadden, the CEO of Eightco Holdings, said.<\/p>\n<h2 data-v-1702825e>Luis Dos Santos Joins Vida Markets<br \/>\n<\/h2>\n<figure data-media-id=\"257370f7-4731-490f-a0ce-9f4903d3e124\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Luis Dos Santos, Head of Partnerships at Vida Markets\" src=\"https:\/\/images.financemagnates.com\/images\/Luis%20Dos%20Santos%2C%20Head%20of%20Partnerships%20at%20Vida%20Markets_id_257370f7-4731-490f-a0ce-9f4903d3e124_size260.jpg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Luis Dos Santos, Head of Partnerships at Vida Markets<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>Vida Markets has hired Luis Dos Santos as the new Head of Partnerships. He is a financial services industry insider and previously worked for Trading 212, London Capital Group, Blackwell Global Investments (UK), and IG.\n<\/p>\n<p data-v-1702825e>Vida Markets is a forex and contracts for differences (CFDs) broker, offering services with licenses and registration in Cyprus, St Vincent and the Grenadines, and UAE. Earlier this year, the broker became a <a href=\"http:\/\/www.financemagnates.com\/forex\/fincom-approves-vida-markets-membership-withdraws-idealfxs\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>member of the Financial Commission<\/a>.<\/p>\n<h2 data-v-1702825e>Bitget Gets $10 Million from Dragonfly<br \/>\n<\/h2>\n<p data-v-1702825e>Crypto derivatives platform, <a href=\"http:\/\/www.financemagnates.com\/cryptocurrency\/crypto-exchange-bitget-inks-sponsorship-deal-with-juventus-womens-team\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>Bitget<\/a>, has received a $10 million investment from Dragonfly, a crypto-focused venture capital firm, to support its ongoing global market and services expansion.\n<\/p>\n<figure data-media-id=\"1ccf875b-712b-423b-b8ef-ec25cbcb481f\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Gracy Chen, Managing Director of Bitget.\" src=\"https:\/\/images.financemagnates.com\/images\/Gracy%20Chen%2C%20Managing%20Director%20of%20Bitget._id_1ccf875b-712b-423b-b8ef-ec25cbcb481f_size260.jpg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Gracy Chen, Managing Director of Bitget.<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>&#8220;As the fastest-growing exchange in the past 12 months, this investment is a recognition of our focus on BUIDL in the bear run. Except for the cash inflow, what will benefit us more from the Dragonfly partnership is their crypto savvy and insights,&#8221; said Gracy Chen, the Managing Director of Bitget.\n<\/p>\n<p data-v-1702825e>Meanwhile, Bitget, which signed Lionel Messi as its brand ambassador, was among the four crypto exchanges recently <a href=\"http:\/\/www.financemagnates.com\/cryptocurrency\/messi-endorsed-crypto-exchange-bitget-has-been-flagged-by-japan\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>flagged by the Japanese financial market regulator.<\/a><\/p>\n<h2 data-v-1702825e>Finanzguru Raises \u20ac13 Million<br \/>\n<\/h2>\n<p data-v-1702825e>Frankfurt-based <a href=\"http:\/\/www.financemagnates.com\/fintech\/education-centre\/what-is-fintech-and-how-does-it-work\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>fintech<\/a>, Finanzguru has secured \u20ac13 million in a fresh funding round. Two new investors, SCOR Ventures and PayPal Ventures, led the round, while existing investors, including Deutsche Bank, VR Ventures, Hannover Digital Investments, Venture Stars, and the former  CEO at Postbank, Frank Strauss, also participated in the funding round.\n<\/p>\n<p data-v-1702825e>The company will use the proceeds to accelerate profitable growth in Germany and to expand its product platform further. Moreover, it plans to increase its headcount.\n<\/p>\n<p data-v-1702825e>&#8220;By adding personal financial advice as an offering in the Finanzguru app, we are meeting a real need in the German consumer market. This has allowed us to greatly expand our business over the past 18 months,&#8221; said Benjamin Michel, the Co-Founder and Co-CEO of Finanzguru. &#8220;We are pleased to be able to continue to drive growth with the support of two new high-profile investors.&#8221;<\/p>\n<h2 data-v-1702825e>ClearBank Almost Triples 2022 Income<br \/>\n<\/h2>\n<p data-v-1702825e>London-based <a href=\"http:\/\/www.financemagnates.com\/fintech\/clearbanks-ytd-revenue-climbs-almost-three-fold-to-454m\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>ClearBank <\/a>ended 2022 with an income of \u00a358 million, which was 173 percent higher than the previous year. The income was primarily driven by a 43 percent increase in net transactions and a 23 percent jump in fixed platform fees, both of which were pushed by a 22 percent rise in its customer base.\n<\/p>\n<p data-v-1702825e>On top of that, the lender became profitable and now anticipates continuing UK profitability through 2023. Additionally, it plans to enter the European markets in H2.\n<\/p>\n<figure data-media-id=\"4dc9db46-00ce-4b50-817d-14d6cb23a1ca\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Charles McManus, CEO at ClearBank\" src=\"https:\/\/images.financemagnates.com\/images\/Charles%20McManus%2C%20CEO%20at%20ClearBank_id_4dc9db46-00ce-4b50-817d-14d6cb23a1ca_size260.jpg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Charles McManus, CEO at ClearBank<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>&#8220;2022 was a landmark year for ClearBank \u2013 we&#8217;ve grown exponentially, onboarded fantastic new clients and been one of the few new banks globally to reach profitability. On top of this, we&#8217;ve secured the investment to fuel the next phase of ClearBank&#8217;s journey \u2013 international expansion,&#8221; said Charles McManus, the CEO at ClearBank.<\/p>\n<h2 data-v-1702825e>CoinShares Announces Share Buyback<br \/>\n<\/h2>\n<p data-v-1702825e>The Board of <a href=\"http:\/\/www.financemagnates.com\/cryptocurrency\/coinshares-introduces-automated-trading-platform-hal\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>CoinShares <\/a>(Nasdaq Stockholm: CS; US OTCQX: CNSRF), a digital asset investment firm, has approved a share buyback program for a maximum amount of SEK25 million (about $2.42 million). It will start on 4 April and end on 30 May.\n<\/p>\n<p data-v-1702825e>The decision was taken after a review of the company&#8217;s capital structure, aiming towards reducing the capital.<\/p>\n<h2 data-v-1702825e>FD Technologies Expects \u00a3296M in Revenue for FY2<\/h2>\n<p data-v-1702825e>FD Technologies released a <a href=\"https:\/\/www.londonstockexchange.com\/news-article\/FDP\/fy23-trading-update\/15903537\" target=\"_blank\" rel=\"nofollow noopener\" data-v-1702825e>trading update<\/a>, revealing its expectations to end the fiscal year 2023 with a revenue of approximately \u00a3296 million, which is 12 percent higher than the previous year. The group EBITDA is expected to be at \u00a335 million, pushed by the performances of KX and First Derivative.\n<\/p>\n<figure data-media-id=\"f8d72f6f-2c68-4fff-b113-222c88e24245\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Seamus Keating, Group CEO at FD Technologies\" src=\"https:\/\/images.financemagnates.com\/images\/Seamus%20Keating%2C%20Group%20CEO%20at%20FD%20Technologies_id_f8d72f6f-2c68-4fff-b113-222c88e24245_size260.jpg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Seamus Keating, Group CEO at FD Technologies<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>\n&#8220;KX and First Derivative have performed strongly, with both revenue and EBITDA ahead of our expectations, as each business strengthened its market position,&#8221; said Seamus Keating, the Group CEO at FD Technologies.\n<\/p>\n<p data-v-1702825e>\nThe company now aims to push KX further with an acceleration in the speed of data and AI-driven business innovation. It expects KX to achieve ARR growth of at least 35 percent. And, for First Derivatives, the revenue is expected to grow more than 10 percent with a three-year target of a 15 percent EBITDA margin.<\/p>\n<h2 data-v-1702825e>GCEX Launches Proprietary Trading Platforms<\/h2>\n<p data-v-1702825e>GCEX has entered the trading technology space with the launch of two proprietary trading platforms, XplorSpot and XplorTrader. Both platforms are part of the company\u2019s XplorDigital trading solutions and are targeted toward brokers, fund managers, hedge funds, and professional traders. XplorSpot is a digital asset trading platform developed to serve institutional and professional clients, while XplorTrader is for margin forex and contracts for differences trading.<\/p>\n<figure data-media-id=\"d931ba86-5206-4b70-b778-b15fd05c327f\" data-v-1702825e>\n<p><img decoding=\"async\" alt=\"Exclusive: GCEX's Holst Breaks Down Signature Bank Exposure\" src=\"https:\/\/images.financemagnates.com\/images\/Exclusive%3A%20GCEX%27s%20Holst%20Breaks%20Down%20Signature%20Bank%20Exposure_id_d931ba86-5206-4b70-b778-b15fd05c327f_size260.jpg\" aspect-ratio=\"1\" width=\"260\" height=\"260\" loading=\"lazy\"><\/p><figcaption data-v-1702825e>\n<p>Lars Holst, CEO and Founder, GCEX<\/p>\n<\/figcaption><\/figure>\n<p data-v-1702825e>\u201cThe introduction of XplorDigital and our new platforms is a major step forward for <a href=\"http:\/\/www.financemagnates.com\/tag\/gcex\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>GCEX<\/a>, propelling us to the next level,\u201d said Lars Holst, the Founder and CEO of GCEX.<\/p>\n<p data-v-1702825e>Read the full article <a href=\"http:\/\/www.financemagnates.com\/forex\/gcex-launches-proprietary-trading-platforms-for-crypto-fxcfds\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>here<\/a>.<\/p>\n<h2 data-v-1702825e>CMC Invest Soft Launches in Singapore<\/h2>\n<p data-v-1702825e>CMC has announced the soft launch of <a href=\"http:\/\/www.financemagnates.com\/forex\/brokers\/cmc-group-launches-new-stock-trading-platform\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>CMC Invest<\/a> in Singapore. The new online and mobile trading platform will be available to the existing CFD clients of CMC Markets in Singapore from May 2023, while it will start onboarding new clients from Q3 2023 onwards.<\/p>\n<p data-v-1702825e>Singapore has become the third country for CMC Invest as it is already available in the UK and Australia.<\/p>\n<p data-v-1702825e>Read the full report <a href=\"http:\/\/www.financemagnates.com\/forex\/cmcs-cfds-clients-in-singapore-can-access-invest-from-may\/\" target=\"_blank\" rel=\"follow noopener\" data-v-1702825e>here<\/a>.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.financemagnates.com\/\/forex\/news-nuggets-4-april-vida-markets-new-hire-funding-of-terrapay-and-bidget\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Arnab Shome<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crossover Markets Appoints Paul as Global Head of OperationsCrossover Markets Group, a startup providing an advanced digital assets marketplace for institutional investors, has appointed Paul Cusack, an ex-Senior Business Developer for FX Prime Brokerage at ABN AMRO Clearing Bank, as its Global Head of Operations. Cusack announced his appointment on Tuesday on LinkedIn.Paul Cusack, the<\/p>\n","protected":false},"author":1,"featured_media":625509,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[33248,25794],"tags":[],"class_list":["post-625508","post","type-post","status-publish","format-standard","has-post-thumbnail","category-april","category-nuggets"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/625508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=625508"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/625508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/625509"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=625508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=625508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=625508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}