Fazzaco Weekly Digest: BDSwiss Launches 9 New CFDs ; Binance Suspends Withdrawals on LUNA and UST Tokens; Exness Posts Trading Volume of $2.10 Trillion in April 2022

Take a look at the latest happenings in this week's news digest from around the forex and fintech industry. Here are some of the top headlines from this past week.

1. Myriam Raphael Promoted as Vice President of Sales at Amana Capital

​Amana Capital, the MENA's leading online financial trading firm, has promoted Myriam Raphael as its Vice President of Sales. 

Raphael has extensive experience of working in the financial services industry. The promotion marks the latest upward move for Raphael, who originally joined Amana Capital as Sales Executive, responsible for driving sales for Amana Capital Retail products and services.

2. BDSwiss Strengthens Its Cryptocurrency Line-up with 9 New CFDs​

Leading multi-asset financial services firm BDSwiss has recently launched nine new CFD crypto-pairs to expand its cryptocurrency offering, which brings the total number of cryptocurrencies available to trade on the BDSwiss MetaTrader, WebTrader and Mobile app platforms to 26 crypto-pairs.

In addition to expanding the product offering that meets market demand, BDSwiss has continuously launched new trading tools and strengthened its management. Last month, the company launched a new trader mentoring tool—Trade Companion to help traders quickly identify the shortcomings of their trading strategies and make necessary changes. Besides, it has made some major changes to its leadership earlier this year.

3. B2Broker's Vladimir Moshkov Presents a Well-attended Webinar at Fazzaco!

Following the success of B2Broker's first live stream, Vladimir Moshkov, Product Manager of B2Trader at the leading liquidity and technology provider of solutions to the forex and financial services industry, presented yesterday another live webinar at Fazzaco, where he shared 6 vital insights about starting a crypto exchange from scratch.    

The highly engaging and insightful webinar attracted over a thousand real time views from across the globe shortly after it commenced at 13:00 (GMT+3). 

4. Binance Suspends Withdrawals on LUNA and UST Tokens​

Binance, the world's largest crypto exchange by volume, announced today that withdrawals for LUNA and UST tokens on the Terra (LUNA) network were temporarily suspended on 2022-05-10 at 02:20 AM (UTC) due to a high volume of pending withdrawal transactions. This is caused by network slowness and congestion.

Binance will reopen withdrawals for these tokens once it deems the network to be stable and the volume of pending withdrawals has reduced. The exchange will not notify users in a further announcement.

5. Exness Posts Trading Volume of $2.10 Trillion in April 2022​

Exness, a leading global multi-asset broker, has posted its trading volume for the month of April 2022, showing a decline compared to the previous month.

More specifically, the broker reported client trading volumes of $2.105 trillion, a decline of 15 percent compared to the previous month's record $2.484 trillion. Additionally, Exness also saw a decrease in the number of active clients, with 281,279 clients placing trades during the month, down from March's record 301,575.

6. Integral Posts 15% YoY Increase in Client Average Daily Volumes in April 2022​

Integral, a leading technology company in the foreign exchange market, reported that customers' average daily volumes (ADV) across Integral platforms totaled $49.8 billion in April 2022. This represents a decrease of -13.1% compared to March 2022 and an increase of +15.0% compared to the same period in 2021.

7.CySEC Announces the Launch of CyTBOR Platform​

The Cyprus Securities and Exchange Commission (CySEC) wishes to inform the public that the online platform for the Cyprus Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements (CyTBOR), will be accessible to trustees as of 17/05/2022 and all involved parties as of 17/06/2022.

According to Dr. Theocharides, in addition to CySEC, all supervisory authorities, such as the Customs Department, the Taxation Department, MOKAS and the Police, will have unhindered access to the Register within the framework of their responsibilities.