StoneX Digital has received a Crypto-Asset Service Provider licence under the European Union’s Markets in Crypto-Assets Regulation. The licence was granted by theStoneX Digital has received a Crypto-Asset Service Provider licence under the European Union’s Markets in Crypto-Assets Regulation. The licence was granted by the

Forex.com Owner StoneX Adds Crypto Offering Under MiCA Licence

StoneX Digital has received a Crypto-Asset Service Provider licence under the European Union’s Markets in Crypto-Assets Regulation. The licence was granted by the Central Bank of Ireland.

StoneX Group also operates the retail trading brand Forex.com. The platform became part of the group after StoneX acquired GAIN Capital in 2020. Forex.com provides foreign exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term and CFD trading services to retail clients through locally regulated entities in several jurisdictions.

StoneX Enables Institutional Crypto Execution EU

Brian Mulcahy, CEO of StoneX Digital, Source: LinkedIn

StoneX Digital launched in June 2022. The authorisation allows the firm to provide digital asset execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and custody services across the European Union. These services will operate under the MiCA regulatory framework.

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Brian Mulcahy, Chief Executive Officer of StoneX Digital, said the firm aims “to enable our institutional and corporate investor base to integrate new products and new technologies into their existing investment lifecycle.” He said the company focuses on “reducing the friction” between traditional finance and digital assets.

StoneX Digital has operated as a Virtual Asset Service Provider for more than a year. With the new licence, it can expand its regulated activities within the EU. The business serves institutional and corporate clients.

StoneX Digital Expands EU Crypto Operations

Stuart Davison, Chief Operating Officer of StoneX Group Inc., said the authorisation supports the group’s long-term strategy. He said it helps clients integrate “new products and technologies into their existing operating and investment frameworks.” He also referred to building “regulated, scalable infrastructure.”

StoneX Expands Retail Trading, India Operations

Earlier, StoneX Group reported growth in its FX and CFD trading business, showing strength in its broader operations alongside the expansion of StoneX Digital into crypto. Q4 revenues rose 7% to $84.7 million, and FY24 revenues increased 21% to $316 million. Retail trading volumes remained steady, and revenue per million traded rose 8%.

Overall net income for the quarter was $76.7 million, up 51% year-on-year. In October, StoneX expanded in India with new offices and IIBX membership, and made a $480 million takeover offer for UK-listed CAB Payments.

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