The company missed many important revenue metrics including “account growth, new net assets, trade pricing, new gold account subscriptions,” the Wall Street bank said. Still, it is managing expenses well, and this supported earnings per share (EPS) for the quarter, the bank said.

“The Archax strategy has always been to expand its regulatory footprint globally, with the EU region being of prime importance for us, post-Brexit,” Graham Rodford, CEO and co-founder of Archax, said in a release. “This acquisition expands and enhances our access to permissions within the EU region, building on those we hold with the FCA in the UK,” he added.

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets.

Nishad Singh has been sentenced to time served and three years of supervised release The judge noted Singh’s limited involvement compared to other FTX executives Singh cooperated with prosecutors, aiding investigations into FTX’s collapse Nishad Singh, the former engineering director of the collapsed cryptocurrency exchange FTX, was sentenced to time served and three years of supervised release in a federal court in New York. This decision follows Singh’s guilty plea to six felony charges related to misappropriating user funds and

Political leaders in Austria, like other European Union nations, did not tap into the global crypto policy debate to sway voters during its recent election. In the run up to its election over the weekend Georgia, which has candidate status in the EU, was likewise quiet on the issue.

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information have been updated. CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets.