Industry Updates Involving FTMO, Centroid, Capital Index and MultiBank etc.; Stablecoins Market Cap; August Crypto Volumes

Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. We also updated the data of the August trading volumes at the top ten crypto exchanges.

Below are news and articles for the Fazzaco's last week recap.

FTMO and AlgoBuilderX Forge Exclusive Partnership on Trading Tools​

FTMO, a globally renowned prop trading firm, and AlgoBuilderX have announced a new partnership. This agreement marks a major milestone for AlgoBuilderX as it becomes the first strategy builder to collaborate with FTMO. The alliance is set to enhance the trading experience by providing FTMO users with advanced and accessible trading tools.

Centroid Solutions Completes Integration of DXtrade with Centroid Risk Engine​

London, 5th September 2024 - Centroid Solutions, a fintech innovator in the financial trading industry, has announced a deeper collaboration with DXtrade to support the CFD white-label trading platform on Centroid Risk, Centroid's market leading risk management system.

Capital Index Reports Significant Financial Decline for 2023​

Capital Index (UK), a London-based online forex and CFD brokerage firm, has announced its financial results for 2023, revealing a considerable downturn in performance. The company's trading revenue fell by 29%, from £1,463,501 in 2022 to £1,035,073 this year.

MultiBank Group Receives 'Top Regulated Forex Broker' Award at Money Expo India 2024​

Dubai, UAE, 2 September 2024: MultiBank Group, one of the world's largest financial derivatives institutions headquartered in Dubai, was honored with the 'Top Regulated Forex Broker' award at Money Expo India 2024, held in Mumbai.

Post-LUNA Crash Stablecoin Market Cap Closes in On Its ATH Once Again​

In recent weeks, the market capitalization of stablecoins has been soaring. As of September 4, 2024, the time this article was written, the total market cap for stablecoins stands at $169.346 billion, approaching its all-time high. According to Fazzaco's understanding, based on the data from DefiLlama, this peak occurred on April 2, 2022, at $188.343 billion.

August Crypto Spot Volumes Continue to Grow: Max Down 22.72%, Max Up 18.54%​

In this month, the crypto market's growth rose 5.3% compared to last month, jumping from July's US$902.79 to this month's US$950.62.