Last Week Recap on PrimeXBT, Stripe, Celsius, Coinbase; FastBull Contest Concludes; CentFX Award; Trader Complains Spotware...

​Fazzaco continued extensively covering the latest trends in forex, crypto, fintech, and prop trading last week. The below is the selected highlights of last week.

PrimeXBT launches stock trading on MetaTrader 5

PrimeXBT, a regulated multi-asset broker, has expanded its offerings with the introduction of stock CFDs, allowing clients to trade shares of major global companies with greater flexibility. The move is part of a broader strategy to give clients access to more markets and asset classes within the same trusted trading environment.

Stripe Announces New AI and Stablecoin Products at Sessions Event

Stripe announced a suite of new products at its annual user event, Sessions. The new offerings are designed to assist businesses in leveraging artificial intelligence (AI) and stablecoins to accelerate their growth.

During the event, Stripe launched what it described as the world's first AI foundation model for payments. The company also unveiled a major expansion of its money management capabilities, including the introduction of accounts powered by stablecoins.

Former Celsius CEO Sentenced to 12 Years in Prison

Alex Mashinsky, the founder and former chief executive of cryptocurrency lender Celsius Network, was sentenced on Thursday, May 8, 2025, to 12 years in prison. The sentencing followed his guilty plea in December to charges of securities fraud and commodities fraud.

Coinbase to Acquire Crypto Options Exchange Deribit for $2.9 Billion

Coinbase announced on last Thursday that it has reached an agreement to acquire Deribit, described as one of the largest cryptocurrency options exchanges, in a deal valued at $2.9 billion. This acquisition is being pursued as Coinbase states its aim to become the leading global platform for crypto derivatives trading.

Final Rankings Revealed! 2025 FastBull Gold Short-Term Trading Contest Successfully Concludes

After two weeks of intense and thrilling competition, the 2025 FastBull Gold Short-Term Trading Contest officially concluded on May 1, 2025, at 00:00 (UTC +00). This global event, focused on the popular trading instrument Gold (XAUUSD), attracted trading masters from around the world who showcased their excellent short-term trading skills, market insights, and quick adaptability in a simulated environment.

CentFX Limited Recognized as "Best Liquidity Provider" by Fazzaco

DUBAI, UAE - May 9, 2025 - CentFX Limited, an international brokerage firm, is pleased to announce it has received the "Best Liquidity Provider" award from Fazzaco, a global financial information portal. This recognition acknowledges CentFX's ongoing efforts in providing robust liquidity solutions within the financial markets.

Spotware in the Spotlight: Trader Details $8,000+ Loss and Platform Responsibility Battle​

Fazzaco Whistleblower has been following a developing situation involving Dr. Ali Ibrahim Balin, a trader who has taken to public forums, including LinkedIn and a Turkish website, to detail a significant financial loss and a subsequent dispute with popular trading platform cTrader, developed by Spotware Systems. Dr. Balin alleges that he was defrauded by a broker operating under the name Anadolu Varlık Yatırım through the cTrader platform, and claims the platform provider bears responsibility for his predicament.