Professional FX traders understand the S&P 500 and Dow Jones indexes influence the EUR/USD trading pair, and the correlation is strong and dynamic. When the US equity market is on the rise, traders expect more US dollars invested in the sector. This said, such inflows increase the US dollar rates. When the market decline is observed, USD is losing momentum.

Professional FX traders understand the S&P 500 and Dow Jones indexes influence the EUR/USD trading pair, and the correlation is strong and dynamic. When the US equity market is on the rise, traders expect more US dollars invested in the sector. This said, such inflows increase the US dollar rates. When the market decline is observed, USD is losing momentum. On July 16, the EUR/USD trading pair reached its minimum since March 30. Since May 25, the EUR/USD price has lost 3.3% of its value, reaching 1.18. According to the technical analysis, traders are going to sell more Euros for US dollars, as they expect a further decline in EUR prices. What are the reasons for such a tendency? S&P 500 and Dow Jones indexes undergo the Renaissance after the pandemic-related declines. For instance, the S&P 500 index has skyrocketed by 17.8% in 2021, and the Dow Jones index growth is 15.7%. This said, the US equity market increase growth entails powerful inflows that drive the US dollar price higher. Furthermore, both indexes have recently reached their all-time highs, making the market promising for newer investors. The EUR/USD pair is allegedly about to continue its move towards the USD strengthening.

S&P 500 and Dow Jones indexes drive the EUR/USD rates down

The financial market is under revolutionary changes. The investment financial giants had been criticizing digital assets for a long time, and now FTX, the crypto derivatives exchange founded in 2017, is thinking about the possibility of purchasing Goldman Sachs and CME Group in the future.

The financial market is under revolutionary changes. The investment financial giants had been criticizing digital assets for a long time, and now FTX, the crypto derivatives exchange founded in 2017, is thinking about the possibility of purchasing Goldman Sachs and CME Group in the future.Meanwhile, the exchange team highlights that the FTX primary goal is to overrun Coinbase and Binance. The estimated market capitalization of this trading platform is $20 billion. In May 2021 the exchange announced to attract $1 billion more investments to tighten the cooperation with the leading payment services providers.With an average daily trading volume of $6.4 billion (spot and derivatives), FTX occupies the 7th position. Binance leads this ranking with $62.97 billion 24h trading volumes; meanwhile, the world’s largest crypto exchange faces a string of troubles with governments of Thailand, Singapore, the United Kingdom, and several other countries. Legal obstacles may lead to outflows.While talking about the further goals of FTX, the exchange’s founder Berkman-Fried highlighted that going public is not among the platform’s top priorities; nevertheless, the step is useful enough from the viewpoint of brand recognition. The 29-year-old billionaire said that FTX is always ready to step forward.“If we are the biggest exchange, is not out of the question at all” – Bankman-Fried’s words seem too ambitious; meanwhile the crypto market experiences an unbelievable splash. By comparison, Goldman Sachs has a market cap of $127 billion, and CME Group’s capitalization equals $76 billion.

The FTX exchange to dream about purchasing Goldman Sachs and CME Group

The world-known fashion brand Dolce and Gabbana joins the fast-growing trend, non-fungible tokens. The brand is going to issue an NFT collection in partnership with UNXD, a luxury marketplace.

The world-known fashion brand Dolce and Gabbana joins the fast-growing trend, non-fungible tokens. The brand is going to issue an NFT collection in partnership with UNXD, a luxury marketplace. Non-fungible tokens will be released on the Polygon Network base. The release is expected to take place in August before a series of fashion shows in Venice. It was revealed that the first D&G NFT collection was named Collezione Genesi. Non-fungible tokens are exceptionally effective from the viewpoint of connecting the crypto world with art. Despite the spring decline of the crypto market, NFTs are on the rise, attracting crowds of artists, fashion designers, sportsmen, etc. Dolce and Gabbana is not the fashion pioneer on the NFT path. Furthermore, Gucci is allegedly to join the trend at the upcoming Paris Fashion Week. As for the NFT market capitalization, the mark of $19 billion has already been conquered, and the industry is going towards new peaks. ‘CryptoPunks’ is still the most expensive NFT collection on the market. The cost of 10 000 tokens equals $390.37 million. On the other hand, experts call NFT tokens undervalued assets, as the community associates non-fungible tokens with digitized versions of art. Rather, NFTs are able to revolutionize ownership rights protection, serving as an effective measure to resist the violation of intellectual property rights. Such tokens have great potential, and crypto-related companies are working on opening new horizons for NFTs.

NFT game is in progress. Dolce & Gabbana joins

Brazil stands to be among the most progressive Latin American countries, as the local Securities and Exchange Commission (CVM) allowed QR Asset Management to run the first Ethereum-based ETF fund in the continent.

Brazil stands to be among the most progressive Latin American countries, as the local Securities and Exchange Commission (CVM) allowed QR Asset Management to run the first Ethereum-based ETF fund in the continent. QR Asset Management is a subsidiary of the world-known crypto investing corporation, QR Capital, that controls digital assets equivalent to about $115 million. The Ethereum-based fund is about to appear on B3, the Sao Paulo stock exchange, under the ticker QETH11. Brazil is the second country allowing corporations to run ETH-based ETFs. In April 2021 the same permission was given in Canada. The North-American country hails innovations, as Canada is the first country to register a Bitcoin ETF (in February 2021). The Brazilian government has chosen a course towards crypto regulation, understanding that digital assets are the next link of the financial evolution chain. On the other hand, the country is not the crypto leader of the continent, as Brazil follows Argentina according to the number of crypto holders, and Columbia according to the number of installed crypto ATMs. Bitcoin- and Ethereum-based ETFs open new horizons for the country, as such news may attract crowds of newer players to join the fast-growing market. What is an Ethereum-ETF? That is an index fund traded on exchanges. ETF securities perform the role of a certificate for a certain part of the portfolio. The price of an ETF security directly depends on the ETH price. With the ongoing upgrade to Ethereum 2.0, crypto experts highlight the second-largest cryptocurrency has enormous potential.

Brazil to host the first Latin American Ethereum-ETF

Bitcoin and Ethereum are two eternal crypto competitors, claiming the throne of the market. Ethereum has got used to being the runner-up but has exceptionally high potential for further development. Goldman Sachs, one of the world’s largest investment banks, predicts that ‘digital oil’ may even overrun Bitcoin.

Bitcoin and Ethereum are two eternal crypto competitors, claiming the throne of the market. Ethereum has got used to being the runner-up but has exceptionally high potential for further development. Goldman Sachs, one of the world’s largest investment banks, predicts that ‘digital oil’ may even overrun Bitcoin. The institution highlights the growing popularity of the Ethereum blockchain, and this factor may push the second-largest cryptocurrency forward. This blockchain is a base for the vast majority of DeFi projects, non-fungible tokens, and even CBDCs. This year ETH reached a new all-time high at $4 362 (May 12, 2021), showing 2332% yearly growth. Furthermore, Ethereum’s dominance reached 18% (the highest index since January 2018). What about further development? The second-largest crypto is ready for its historical breakthrough known as Ethereum 2.0. The upcoming upgrade is about to change the consensus protocol type from Proof-of-Work to Proof-of-Stake, making the network more secure. Furthermore, the Ethereum blockchain will be able to process up to 100 000 transactions per second, rather than the current 30. Goldman Sachs pointed out two more digital assets as applicants for the crypto throne: Binance Coin and Cardano. Meanwhile, the investment bank put an emphasis that gold is still a better investment than cryptocurrencies. Goldman Sachs focuses on the volatility of digital assets. As for the statistics, the gold price yearly growth is 0.27%. The crypto market capitalization has increased by 497% within the same period.

Goldman Sachs predicts Ethereum to overrun Bitcoin

The Ethereum network is rapidly moving towards the 2.0 version. The upgrading train has already passed by the ‘Berlin’ station with a Gas price decrease and new transaction type. The next stop is ‘London’ where the Ethereum network is going to implement the long-awaited EIP-1559 upgrade.

The Ethereum network is rapidly moving towards the 2.0 version. The upgrading train has already passed by the ‘Berlin’ station with a Gas price decrease and new transaction type. The next stop is ‘London’ where the Ethereum network is going to implement the long-awaited EIP-1559 upgrade. Tim Beiko, one of the Ethereum developers, has announced the time when the London hard fork will happen. The upgrade will be implemented on block 12 965 000. According to calculations, this block will be mined on August 4, between 13:00 and 17:00 (UTC). With this in mind, the community is ready for the next step that entails a string of essential changes. The EIP-1559 upgrade is claimed to change the process of rewards given to miners. The network users will pay the lowest fee offered for a block. Then fees are burned to decrease ETH emission. In other terms, the upgrade leads to network deflation. Fees will directly depend on demand (low demand level increases fees and vice versa). Meanwhile, the London hard fork is just the next step towards Ethereum 2.0. Further improvements to be implemented by the end of 2021 are: EIP-3198, EIP-3529, EIP- 3541, and EIP-3554. In the meantime, institutional investors and experts stake on the second-largest digital asset, expecting Ethereum to overrun Bitcoin. The 2.0 version pretends to become a revolution for the crypto-community, as a set of upgrades will change the Ethereum network drastically. The interest in Ethereum is on the rise again. On May 20, 24h trading volumes reached an all-time high of $93.49 billion (30.16% of the ETH market cap).

The road to London: next step towards Ethereum 2.0 to take place in August

Binance, the world’s largest crypto exchange, faces a string of hurdles related to payments and legal issues.

Binance, the world’s largest crypto exchange, faces a string of hurdles related to payments and legal issues. According to Bloomberg, Binance Holdings Limited, the controlling company of the whole group, is under the thorough supervision of diverse financial regulators. The crypto market is steadily coming out of the shadows and is why legal norms and requirements have become even tighter for crypto trading platforms. This has led to a bunch of inspections initiated by financial authorities of Singapore, Cayman Islands, Great Britain, etc. As for the United Kingdom, the situation is the worst for the world-known crypto exchange. On June 28, the Financial Conduct Authority informed Binance that the crypto trading platform has no legal permission to offer services on the territory of the United Kingdom. The FCA highlighted that Binance Group had no appropriate license to access the British market. Consequently, British largest banks decided to suspend their clients’ deposits to Binance. On July 5, Barclays announced that its clients would not be able to refill their Binance accounts through debit and credit cards. This trend was followed by the UK department of Santander. Meanwhile, withdrawals from Binance accounts are still available. Furthermore, the exchange announced that SEPA transfers are temporarily not available for transfers. All deposits made through the SEPA system will be returned in 7 days. Binance has assured everyone that this measure resulted from outside factors. From July 7 to July 12 Binance daily trading volumes have dropped by 41% to $9.6 billion.

UK banks suspend payments to Binance

According to past opinions on the crypto market, mass adoption of digital currencies has been fiercely dependent on the interest of institutional investors. The year 2020 made crypto enthusiasts’ dreams come true, as major players then entered the market.

According to past opinions on the crypto market, mass adoption of digital currencies has been fiercely dependent on the interest of institutional investors. The year 2020 made crypto enthusiasts’ dreams come true, as major players then entered the market. Explosive growth together with the unlimited potential of top-rated cryptocurrencies showed investors that digital currencies are a must-have choice when considering a portfolio of assets. According to CoinShares, institutional investors continue to top up their portfolios with digital assets, in an attempt to capitalize on the market decline. Their weekly report informs that the crypto investment inflows reached $69 million (June 28 – July 4). Bitcoin leads the ranking, with the first cryptocurrency attracting $39 million. The top-5 also includes Ethereum ($18 million), Cardano ($2.1 million), XRP ($1.2 million), and DOT ($0.7 million). As for their annual report, CoinShares is the only major player with a negative balance of crypto inflows (- $447 million). Other institutional investors have transferred $5.69 billion more to their portfolios. Block One (164 000 BTC), MicroStrategy (91 579 BTC), and Tesla (43 200 BTC) are the top Bitcoin holders. Institutional investors understand the growing potential of cryptocurrencies. The NDAM survey highlights that 82% of major players who’ve already invested in digital assets are going to augment their shares in portfolios by 2023. What’s even more important is that 40% of those institutional investors are planning to make cryptocurrencies major investment instruments.

Institutional investors to increase their exposure in top-rated digital assets

Contact form

Industry scalable solutions, advanced technology and exceptional support.

Find out our technical specification of trading products and it's tier margin requirements.

We provide a wide range of connectivity options. Find out more about it.

Comparison

Get top-tier FX liquidity with robust technology, fast execution, 24/7 support, and competitive prices.

Get spot metals liquidity at competitive prices and tight spreads for long and short positions.

Get global indices liquidity for a diverse exposure with tight spreads, best prices, and ultra market depth

Offer trading solutions for oil, gas, and alternative energy sources, and enjoy real-time data and analytics

Discover our crypto CFD solution combining liquidity from exchanges, non-bank LPs, brokers, and more

Access global equities with single-stock CFDs and gain worldwide equity market coverage from a single account.

Provide clients with diversified investing through ETFs from major European, Asian, and American exchanges.

Offer instruments in NDFs for flexible settlement dates and currency pairs to adapt to market fluctuations.

FOREX/CFD Margin

Useful links

Header | Liquidity new 2024-10-08

Liquidity

Optimise your brokerage with our Forex CRM: streamline operations, UX, analytics and risk management

B2CORE

Launch your copy trading platform with support in 7 days and empower beginners to mirror expert strategies

Let traders create investment funds and earn from volumes or profits within your brokerage with our PAMM platform.

Simplify multi-account management, allocate trades, and execute block orders with our advanced MAM platform.

B2COPY

Your Bridge Gateway to multiple crypto exchanges and LPs. Create a unique liquidity pool for your crypto business

B2CONNECT

Launch your prop trading firm, attract traders to buy challenges, and reinvest their fees to fund top traders

B2PROP

Multi-market and Multi-asset ultimate trading platform to run your FOREX and CRYRTO Brokerage business. 

B2TRADER

Header | Products new 2024-10-08

Technology

Offer your clients a premium trading experience with cTrader White Label – a full-featured brokerage infrastructure.

Enables top-tier service aligned with the Traders First™ philosophy. This platform provides a reliable, transparent trading experience that traders trust.

Multi-market and Multi-asset ultimate trading platform to run your FOREX and CRYRTO Brokerage business.

Compare top trading platforms side-by-side and choose the right solutions that fit your needs.

WL Platforms

Header | WhiteLabel new 2024-10-08

WhiteLabel

Launch a custom crypto exchange in under a month with our turnkey solution: high-throughput, secure, user-friendly.

Own an FX brokerage with our turnkey solution: reliable technology, 24/7 support, and back-office tools

Enter the digital asset market with our crypto broker software. Save costs, time, and effort.

Start Your Liquidity Provider business with our Turnkey Solution

TURNKEY SOLUTIONS

Prop Trading solutions

Header | Solutions new_2024-10-08

Solutions

MT5* server setup and installation made easy with our solutions to focus on your CFD and Forex business

Focus on your CFD and Forex business while we optimise your MT4* server configuration and maintenance.

Our expert team will streamline your cTrader server setup while you focus on your brokerage business.

We will help you optimise your OneZero connectivity and configuration to streamline your brokerage smoothly

Prime XM setup, maintenance, and optimization services with expert support.

Trading Platform Server services

Header | Services new 2024-10-08

Services

Media

Header | Explore new 2024-10-08

Explore

With multi-year industry experience, we are dedicated to offering innovative solutions and optimised customer service.

Join our diverse team and explore broad job opportunities, internships and career development resources.

We partner with tier-1 tech unicorns and development companies to fuel our innovative brokerage solutions.

Join our agency partnership, earn commissions by introducing clients, attend events, and expand your network

Industry news

Get Started

2024

Best CRM Provider

Best FX/Crypto Technology & Liquidity Provider

Best Crypto Liquidity Solution

The Best Fintech & Solutions

2023

Best Technology Provider

Best Payment Solutions Provider

Best CEO Arthur Azizov

Most Trusted Liquidity Provider

Best Crypto Payment Service

Most Trusted Liquidity Provider

Appreciation Award to Arthur Azizov

2022

Best White Label Solution

Best Liquidity Provider & Best Crypto Processing System

Best Payment Solutions Provider & Best Technology Provider

Best Liquidity Provider & Best Crypto Processing company

Best Founder (Fintech)

Best Liquidity Provider

Best Liquidity Provider

Best Crypto Processing System

Best Multi-Assets Liquidity Provider

Best Crypto Payment Solution Provider

Middle East 50 Most Influential Figures: Arthur Azizov

Best Liquidity Provider

Best Crypto Payment Provider

2021

Best Crypto Technology Provider

Best FX/Crypto Technology & liquidity provider

Best Crypto CFD Liquidity Provider

Best White Label Solution

2020

Best FX CRM Provider

Best Crypto Solution for Payments

Best White Label Multi-Asset Liquidity Platform