Economy Watch

1 week ago | economywatch.com | ALi RaZa |Ali Raza

UK-based fintech Dojo has announced the completion of a funding round. The company stated that it raised $190 million from the funding round as it prepares to expand its operations across additional regions. The extra funding means Dojo has now raised a total of $610 million. The funding round drew interest from several top industry players, with Vitruvian Partners leading the round. The digital payments firm provides a wide range of services to its customers.

1 week ago | economywatch.com | ALi RaZa |Ali Raza

XTB Limited, the UK branch of a Warsaw-listed fintech firm, announced strong results for last year. The company’s profit before tax jumped 116% to £374,228 despite a 5% drop in total revenue to £4.51 million. This growth occurred as XTB transitioned from focusing solely on CFD trading to offering a broader range of investments. The change shows the company’s effort to reach more investors.

1 week ago | economywatch.com | ALi RaZa |Ali Raza

Japan’s FOREX.com expects a major increase in new customer accounts after upgrading its identity check process. The platform has transitioned to an AI-powered system designed to streamline the sign-up process. The company believes the change will double the number of completed registrations. The move comes as FOREX.com seeks to enhance the customer experience and minimise drop-offs during the sign-up process.

1 week ago | economywatch.com | ALi RaZa |Ali Raza

Voyage Markets has joined forces with Spotware to offer the cTrader platform as a white-label service. The move gives prop trading firms access to both trading tools and risk management in one place. Voyage Markets said the goal is to help firms run more smoothly and stay in control of their operations. This new setup brings together cTrader’s trading technology with risk tools from Voyage Markets. The company said this gives firms a complete system that helps with trade execution and oversight.

1 week ago | economywatch.com | ALi RaZa |Ali Raza

Bitstamp has launched staking services for Ethereum (ETH) and Cardano (ADA) in the UK after recent regulatory changes and a deal with Robinhood Markets. UK customers can now stake ETH directly through their Bitstamp accounts. For Cardano, staking starts automatically when users deposit ADA, but they can choose to opt-out if they want. This gives users a new way to earn rewards while supporting these blockchain networks.