Highlights from PrimeXBT, Accuindex; BUX Fined; X Meltdown; SAXO Acquired; Institutional FX Data...More News Recap from Last Week

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. In addition to the news, we've also updated the latest monthly Institutional FX Trading Volumes data as well as our column article on why prop trading firms are turning to futures trading. Below are news and articles for the Fazzaco's last week recap.

PrimeXBT Merges Crypto and Traditional Markets with MT5 Integration

PrimeXBT, a regulated global multi-asset broker, is bridging the gap between crypto and traditional markets by introducing MetaTrader 5 (MT5) to its already powerful suite of trading platforms. This integration makes PrimeXBT the only broker combining Crypto Futures, its CFD trading, and the advanced MT5 platform into one seamless trading solution.

With this all-in-one approach, PrimeXBT empowers traders with the freedom to choose the best strategy that suits their needs, reinforcing its commitment to putting traders first.

Nihad Nazeer Joins Accuindex as Senior Marketing Specialist

Accuindex, a leading Forex & CFD broker, welcomes Nihad Nazeer as its new Senior Marketing Specialist. Nazeer announced on LinkedIn his excitement to drive Accuindex's marketing strategy and brand dominance in the competitive forex industry.

Dutch Regulator Fines Neo-broker BUX €1.6 Million

The Netherlands Authority for the Financial Markets (AFM) has levied a €1.6 million fine against the European neo-broker BUX for breaching regulations related to inducement bans. The AFM determined that BUX's practice of compensating existing customers, comparison websites, and "finfluencers" for referring new clients was in violation of these rules.

X.com Global Outage Sparks Market Panic as Tesla Tumbles 15%

On March 10, Fazzaco's social team experienced difficulty as they tried to log in X, which seemed like nothing but a local network glitch, and as it turned out, it was in fact the biggest global outage this social media platform has seen.

Elon Musk, who owns the platform, blamed the incident on a "massive cyberattack," even suggesting that a government might have been behind it. However, cybersecurity experts aren't entirely convinced by his explanation, raising questions about what this means for investor trust and the overall stability of markets. The incident serves as a stark reminder of how deeply interconnected our digital world has become—and how fragile it can be.

Swiss Private Bank Acquires Majority Stake in Saxo Bank

Swiss private bank J. Safra Sarasin has reached an agreement to acquire a 70% stake in Danish online trading firm Saxo Bank for approximately €1.1 billion ($1.19 billion), placing Saxo Bank's overall valuation at around €1.6 billion. The deal marks a significant shift in ownership for Saxo, which had been searching for a buyer for months.

Institutional Spot FX Trading Volume Total in February Rises 2.93% Monthly

The institutional spot FX trading volumes of major platforms in February 2025 continued to see a small rise. Among the five major institutions, the total sees a 2.93% rise monthly. The max. growth comes from Euronext FX, up 6.18%.

Regulatory Rationale Behind Prop Firms' Futures Expansion​

If you've been keeping up with the prop trading community, you'll have noticed a significant trend in 2024: a large number of firms traditionally focused on Contracts for Difference (CFDs) have begun to pivot towards futures trading. This shift is no coincidence; its underlying key drivers appear to stem primarily from navigating a complex and ever-changing regulatory landscape – particularly concerning U.S. clients – a point we discussed in detail earlier last year in our article, "U.S. Traders Embrace Transition to Futures After Prop Firm Crisis."