# Broker Related Articles

HTX News Center provides the latest articles and in-depth analysis on "Broker", covering market trends, project updates, tech developments, and regulatory policies in the crypto industry.

Hong Kong's Securities and Futures Commission (SFC) adds SBCFX and related companies Star Bridge Capital to its alert list for unlicensed operations

Hong Kong's Securities and Futures Commission (SFC) has placed SBCFX and related entities, including Star Bridge Capital Group, on its alert list for unlicensed operations. This follows reports of significant trading losses tied to SBCFX during a London gold market crash in late August 2026, which reportedly wiped out the USDT-stablecoin accounts of thousands of retail investors. The SFC warning emphasizes that these entities are neither licensed nor registered to conduct regulated activities in Hong Kong, offering no SFC protections to local clients. While SBCFX cites operating licenses from Australian, South African, and Seychelles regulators, these do not permit operations in Hong Kong. The incident highlights growing regulatory challenges involving high-leverage algorithmic trading and the use of crypto deposits like USDT in OTC derivatives. The report notes that recovering such stablecoin assets can be particularly difficult, even with issuer intervention, due to the peer-to-peer nature of transactions and blockchain complexities.

cryptonews.ru08/29 16:34

Hong Kong's Securities and Futures Commission (SFC) adds SBCFX and related companies Star Bridge Capital to its alert list for unlicensed operations

cryptonews.ru08/29 16:34

Capital.com plans to offer crypto asset trading services on the spot market in the UAE after affiliate company obtains license

The trading platform and CFD broker Capital.com plans to offer spot crypto asset trading services to clients in the United Arab Emirates (UAE). This follows its affiliated company, Capital Vault, obtaining a virtual assets license from the country's Capital Markets Authority (CMA). The license permits Capital Vault to operate as a virtual assets agent or a matched principal, and to provide custody services. Once launched, clients in the UAE will be able to buy and hold crypto assets through the Capital.com app, with Capital Vault handling trade execution, custody, and settlement. This contrasts with Capital.com's CFD offering, which allows trading on price movements without owning the underlying asset. Capital Vault operates as a separate, regulated entity with its own management, asset storage system, and risk procedures, and has established an office in Abu Dhabi. The move comes after the CMA introduced an enhanced regulatory framework for virtual assets in April, expanding the scope of regulated activities.

cryptonews.ru08/21 05:10

Capital.com plans to offer crypto asset trading services on the spot market in the UAE after affiliate company obtains license

cryptonews.ru08/21 05:10

Russian Woman Loses Over 1 Million Rubles in Fake Crypto Investments

A Russian woman lost over 1 million rubles (approximately 750,000 rubles of which was a bank loan) to a cryptocurrency investment scam. The victim saw an online advertisement in early June, registered on a purported crypto exchange website, and was contacted by a fake broker. Convinced by initial fake profits shown in her account, she transferred more savings and even took out a loan over two months. When she attempted to withdraw funds, the platform demanded additional verification fees. After she refused, her account was blocked and the "broker" disappeared. The woman reported the crime to police in Ulyanovsk, and a criminal case for fraud has been initiated. This follows a similar incident where a 47-year-old woman from Salekhard lost 9.4 million rubles after engaging with fake crypto "experts" on Telegram.

cryptonews.ru08/18 08:31

Russian Woman Loses Over 1 Million Rubles in Fake Crypto Investments

cryptonews.ru08/18 08:31

Bank of Russia Limits Cryptocurrency Share in Market Brokers' Portfolios to 25%

The Central Bank of Russia has published a new draft decree setting requirements for professional market participants, such as brokers, trust managers, Forex dealers, and cryptocurrency exchanges, regarding the inclusion of crypto assets on their balance sheets. These assets, if admitted for trading on exchanges, can constitute up to 25% of a firm's total declared equity capital (prudential limit). To be counted, crypto assets must also be registered with cryptocurrency depositories for state verification. The bank stated that this measure aims to account for crypto-related credit and market risks in capital adequacy assessments, helping ensure the financial stability of intermediaries engaged in cryptocurrency operations. This step is seen as part of Russia's ongoing process of crypto legalization, allowing users to evaluate the reliability of regulated entities based on their crypto holdings. It also marks the beginning of deeper state oversight and control over domestic crypto transactions by operators, while keeping the role of crypto assets in the Russian economy limited. The draft follows the State Duma's approval of comprehensive crypto regulations, which permit both qualified and non-qualified investors to trade cryptocurrencies domestically, though non-qualified investors are limited to annual purchases of up to 300,000 rubles (approx. $3,800). The use of cryptocurrencies for domestic payments remains prohibited, while exporters and importers can use them without restriction for cross-border settlements, including stablecoins, to legally circumvent risks from secondary sanctions.

cryptonews.ru08/18 05:17

Bank of Russia Limits Cryptocurrency Share in Market Brokers' Portfolios to 25%

cryptonews.ru08/18 05:17

Knaken Company Purchased Cryptocurrency in Its Own Name, So Clients Are Entitled to Claims in Euros, Not the Coins Themselves

Dutch crypto platform Knaken, declared bankrupt, has left customers facing substantial losses. The court-appointed trustee, Karl Hamm, revealed that Dutch prosecutors sold seized cryptocurrency for €2.2 million. However, an estimated €10-12 million was invested by customers, indicating a multi-million euro shortfall. The firm, which was unlicensed, operated by purchasing crypto in its own name on behalf of clients, who saw balances in the app but legally held a euro claim, not the coins themselves. Hamm stated Knaken likely did not hold crypto matching user balances and mixed trading and operational funds while losing money. The owner, Ronald J., transferred €2.3 million to a company he controlled, deemed a conflict of interest. He disputes the estimated customer investment figure and the trustee's characterization of the business model. A separate criminal investigation by the Dutch fraud agency FIOD is ongoing.

cryptonews.ru08/17 18:17

Knaken Company Purchased Cryptocurrency in Its Own Name, So Clients Are Entitled to Claims in Euros, Not the Coins Themselves

cryptonews.ru08/17 18:17

WEEX API Fast Connect: Turn Every Sign-In Into a Live Trader in Under 10 Seconds

WEEX has launched API Fast Connect, a one-click OAuth authorization system designed for its Broker partners. It allows users to link their WEEX trading account to partner platforms without manually creating or handling API keys, similar to a "Sign in with Google" for crypto. The solution aims to eliminate the major friction and user drop-off point of traditional API key setup. With Fast Connect, authorization and account binding are completed in under 10 seconds, enabling users to go from sign-in to live trading almost instantly. Key benefits for partners include frictionless user conversion, lower churn, higher retention, and faster trading volume growth. The system works by redirecting users to an official WEEX page for secure permission confirmation, after which an API key is auto-generated and encrypted on the backend. It's built for platforms like AI signal services, trading bots, and copy-trading tools that currently require manual API configuration from their users. Fast Connect is part of the broader WEEX Broker partner program.

TheNewsCrypto08/03 06:01

WEEX API Fast Connect: Turn Every Sign-In Into a Live Trader in Under 10 Seconds

TheNewsCrypto08/03 06:01

‘Walled off’ – Hyperliquid, Phantom press CFTC for 3 DeFi demands

Hyperliquid and Solana-based wallet Phantom have urged the U.S. Commodity Futures Trading Commission (CFTC) to modernize regulations for decentralized finance (DeFi). In a letter, they made three key requests: first, that non-custodial software developers not be automatically treated as brokers or exchanges; second, that existing no-action relief for self-custodial wallets be formalized into guidance; and third, that the CFTC create a framework allowing regulated entities to use blockchain for trading and settlement. They argue these changes are necessary to prevent stifling innovation and pushing activity offshore. The request responds to a CFTC inquiry on barriers to fintech partnerships. Similar exemptions are under discussion in the proposed CLARITY Act. However, granting these requests could face legal challenges from traditional market participants like the Chicago Mercantile Exchange (CME), which has previously sued the CFTC over crypto product approvals. Traditional players argue DeFi platforms should meet the same regulatory standards as conventional exchanges. With the CLARITY Act's future uncertain, any CFTC action on DeFi exemptions may lead to further litigation.

ambcrypto07/10 11:02

‘Walled off’ – Hyperliquid, Phantom press CFTC for 3 DeFi demands

ambcrypto07/10 11:02

How UmexGain Integrates New Technologies Into Its Service

UmexGain continuously integrates new technologies to enhance its platform and user experience. It provides advanced analytical instruments, including modern charts and technical indicators, for comprehensive market assessment. The company also offers a diverse and expanding range of assets, from traditional stocks and currencies to digital assets, enabling varied investment strategies. UmexGain's innovation extends to cross-device accessibility, modern payment solutions, and regular feature updates based on user feedback. This focus on combining technology, functionality, and ease of use allows the company to deliver a seamless, high-tech service for its clients.

TheNewsCrypto07/06 06:44

How UmexGain Integrates New Technologies Into Its Service

TheNewsCrypto07/06 06:44

18 Years Later, Cashtag on X Is Finally "Usable"

On April 14, X launched the Cashtag feature for iPhone users in the U.S. and Canada, allowing users to click on symbols like $AAPL to view real-time stock charts, historical price trends, and related discussions. In Canada, users can also jump directly to Wealthsimple to execute trades. The feature supports cryptocurrencies like $BTC and $ETH, and even tokens via Solana contract addresses. X positions itself as a "data and discovery layer," not a broker, avoiding direct regulatory scrutiny while streamlining the path from discussion to transaction. The term "Cashtag" was originally coined by Howard Lindzon on StockTwits in 2008, but was adopted by Twitter (now X) in 2012 without attribution. Wealthsimple, chosen as the initial Canadian partner, is the country’s largest online broker with experience in both traditional securities and crypto, despite past controversies like a data breach and a class-action settlement over fee disclosures. The rollout is part of X’s broader financial strategy, building on partnerships with Visa, the announcement of X Money, and a clear regulatory stance. This move integrates social discussion, data, trading, and payment layers, advancing Elon Musk’s vision of an "everything app." Cashtag’s journey from concept to functional tool took 18 years.

marsbit04/15 07:01

18 Years Later, Cashtag on X Is Finally "Usable"

marsbit04/15 07:01

Robinhood Gains a New Batch of Stock Investors, the Oldest is 1 Year Old, the Youngest is -3 Years Old

US Treasury designates Robinhood as broker and initial trustee for "Trump Accounts" (also known as 530A accounts), a tax-advantaged investment program established under the "Big and Beautiful" Act. The initiative, aimed at children born between January 1, 2025, and January 1, 2029, provides each eligible newborn with a $1,000 initial federal deposit. Private donors, such as Michael Dell, have also contributed significantly. The accounts are restricted to low-cost index funds tracking broad market indices like the S&P 500, and funds are locked until the child turns 18. With an estimated 14.4 million children eligible, the program represents a potential $14.4 billion in initial government funding, growing to hundreds of billions with private and family contributions. This creates a long-term, passive investment pool of potentially trillions of dollars. Robinhood, selected over competitors like JPMorgan and Charles Schwab, stands to be a major beneficiary. The deal grants the platform millions of new, long-lifecycle users—the oldest are one year old, the youngest are yet to be born—who are effectively locked into its ecosystem. Upon turning 18, these accounts convert to IRA-like retirement accounts, allowing Robinhood to capture their adult investing activity. The stable, long-term, and predictable nature of these assets also diversifies Robinhood's business beyond its reliance on active retail trading. The government endorsement significantly boosts its institutional credibility and opens new avenues in wealth management.

Odaily星球日报04/07 09:31

Robinhood Gains a New Batch of Stock Investors, the Oldest is 1 Year Old, the Youngest is -3 Years Old