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Acquisition
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CryptoCurrency
CrossTower Taps into Prime Brokerage with New Acquisition, BEQUANT
2022-11-30T08:35:31.230+02:00
BEQUANT launched crypto prime brokerage services in 2020.
The financial terms of the deal have not been disclosed.
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Institutional FX
RBC Buys HSBC Business in Canada for $10.1b
2022-11-29T15:25:15.310+02:00
HSBC agrees to sell its Canadian branches to the Royal Bank of Canada.
The value of HSBC Canada's assets stood at $94.6 billion.
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FinTech
Equals to Acquire Open Banking Startup Roqqett for £2.25M
2022-11-28T13:01:38.766+02:00
Roqqett has two open banking licenses, which Equals does not have.
The acquisition is now pending FCA's approval.
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FinTech
BVNK Gains UK EMI License by Acquiring SPS
2022-11-28T11:01:01.757+02:00
The company can now offer e-payment services in the UK.
It recently gained a VASP license from the Bank of Spain.
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CryptoCurrency
Binance to Acquire FTX’s Non-US Assets to Clear Out ‘Liquidity Crunches’
2022-11-08T20:02:44.688+02:00
Both Changpeng Zhao and Sam Bankman-Fried announced the deal.
The deal comes on the heel of FTX's struggle with its liquidity and withdrawal backlog.
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CryptoCurrency
Bakkt Aims Fintech Expansion with a $200 Million Acquisition Deal
2022-11-04T11:28:41.319+02:00
The company signed a definitive agreement to acquire Apex Crypto.
The deal is expected to close in the first half of 2023.
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Retail FX
Breaking: Invast Global Plans to Acquire London-Based GMO-Z.com
2022-10-25T09:49:15.299+02:00
The approval of the acquisition is now pending with the FCA.
Last year, Invast opened an office in Cyprus.
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Retail FX
MIAX-Owner Completes CFTC-Regulated FCM Dorman Trading
2022-10-24T11:41:58.990+02:00
The financial terms of the deal are not known yet.
It will expand the offerings of the holding company.
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CryptoCurrency
Coinsquare Acquires CoinSmart, Plans to Boost Presence in Canada
2022-09-24T11:31:11.686+02:00
The companies entered into a definitive agreement on 22 September.
CoinSmart’s management team will also join Coinsquare.
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News
Banc of California Announces Acquisition of Deepstack Technologies
2022-09-21T12:31:33.439+02:00
The company has entered the payment processing business.
The total value of the acquisition stands at around $24 million.
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Institutional FX
Cornerstone Buys Pangea FX Limited
2022-09-02T09:59:44.257+02:00
In the financial year that ended on 31 March 2021, Pangea brought in revenue of £169,404.
In August 2022, Cornerstone named James Hickman as the new CEO.
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Institutional FX
Marex Witnesses 29% YoY Jump in Net Revenues during H1 2022
2022-08-18T13:34:00.543+02:00
Client activity increased sharply in the first half of 2022.
Revenues related to market making climbed 84%.
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Retail FX
eToro to Acquire Gatsby for $50M to Extend Option Trading to the US
2022-08-17T20:24:41.949+02:00
Gatsby's team including Co-Founders to become part of Israel-based eToro.
eToro recently terminated its plan to merge with FinTech Acquisition Corp. V.
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News
M-DAQ Completes Acquisition of Wallex
2022-08-10T14:07:28.878+02:00
The acquisition was first announced in February 2022.
M-DAQ is planning to expand its global presence.
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Brokers
Lawrence Jones Joins Oval Money as Head of Digital Acquisition
2022-08-08T16:06:36.597+02:00
Jones is a former Interim Head of Digital Marketing at Pepperstone.
OvalX's Head of Research and Analysis departed his role last month.
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News
Qonto Announces Plan to Acquire Penta
2022-07-23T10:45:03.403+02:00
The deal is expected to close in the next few weeks.
Qonto is planning to expand its presence in the German market.
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News
TIFIN Expands Global Presence, Acquires SharingAlpha
2022-07-15T07:24:00.710+02:00
TIFIN is planning to fully integrate SharingAlpha into its Magnifi platform.
Oren Kaplan, SharingAlpha’s Co-Founder, has joined Magnifi as a Partner.
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CoinShares Announces the Acquisition of Napoleon Asset Management
2022-07-04T23:27:00.000+02:00
Napoleon Asset Management is licensed under the AIFM Directive.
The Autorité des Marchés Financiers (AMF) gave the green light to the transaction.
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News
GoCardless Announces Plan for Nordigen’s Acquisition
2022-07-04T11:01:12.585+02:00
The company aims to accelerate its open banking strategy.
The financial details of the deal were not disclosed.
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Brokers
FTX Denies Robinhood Acquisition Report, Says 'No Active M&A' Talks
2022-06-28T07:14:17.006+02:00
FTX’s CEO bought a 7.6 percent stake in Robinhood earlier.
Robinhood did not receive any formal takeover proposal yet.
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News
TTB Given Deadline Extension for Confirming Playtech Acquisition Bid
2022-06-17T09:13:20.310+02:00
Now, the deadline is until 5 pm on July 15.
The two have been discussing the deal for months now.
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Institutional FX
Marex Is in Advanced Talks for Buying OTCex’s Voice Brokerage Services
2022-06-15T10:02:27.358+02:00
The fate of the deal will be decided after consultating OTCex Employee Representative Bodies.
The potential terms of the deal is still unknown.
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Institutional FX
Nomura’s Instinet to Acquire FIS Execution Services
2022-06-09T11:59:17.872+02:00
The deal is expected to close later this year.
It is now pending the regulatory green light.
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Brokers
Georges Cohen Announces Acquisition of 5% Shareholding in Squared Holding S.A
2022-06-06T14:32:33.556+02:00
Cohen is a prominent French businessman.
In addition to the recent investment, Cohen brings listing expertise.
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Institutional FX
Cboe Global Markets Announces Completion of NEO’s Acquisition
2022-06-02T09:48:00.159+02:00
The acquisition will expand the company’s offerings.
NEO is a fintech organization offering a broad range of services.
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