Last Week Recap: Updates on Zarvista Capital Markets, IG, Deriv, eToro, StoneX Group and Admirals
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.
Headquartered in Dubai and operating offshore, Zarvista confirmed that Essosse will step into the CEO role after spending the past three years with the company. During that time, he served as Head of Business Development and Director of Africa. The brokerage previously operated under the name ZaraFX before rebranding in 2024.
IG Group Shuts South Africa Office Following Earlier Market Exit
IG Group has closed its South Africa office and laid off its remaining local staff. The exact number of affected employees has not been disclosed, though the broker previously employed around 90 people in the country.
Deriv Seeks Banking Licence in St Vincent and the Grenadines Amid Ongoing Regulatory Expansion
Deriv appears to be pursuing a banking licence in St Vincent and the Grenadines, according to entries in the local regulatory registry showing the application as “pending approval.”
eToro Posts Record Results as Shares Slide After IPO
eToro Group reported record financial results for 2025, yet its share price has struggled since going public last year.
StoneX Group Expands Institutional Crypto Offering with Bitcoin-Backed Lending
StoneX Digital, the digital asset arm of StoneX Group, has introduced a new Bitcoin-backed lending solution aimed at institutional clients, further strengthening its footprint in the evolving digital finance landscape.
Admirals Reports Net Loss in 2025 as Trading Income Declines
Admirals Markets AS reported a significant decline in financial performance for 2025, posting negative net trading income and a widened annual loss, as reduced trading activity in its core European markets weighed on results.
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