Fintech Focus For December 3, 2021

One Big Thing In Fintech: Crypto.com, a fast-growing cryptocurrency and financial services platform, earlier this week announced the acquisition of Nadex, the North American Derivatives Exchange, and the Small Exchange from IG Group.

The proposed acquisitions will enable Crypto.com to offer U.S.-based customers the opportunity to trade certain derivatives and futures products.

Source: Benzinga

Other Key Fintech Developments:

• iVest+ teams with TRADEway.
• Suncoast hones offer with MX.
• MarcadoLibre is eyeing crypto.
• SEBA, GenTwo eyeing crypto.
• Bunq added funding approval.
• Jack Henry partnered on data.
• Jump, SIX have partnered up.
• Blockchain.com releases offer.
• Coastal, LendingPoint partner.
• Kueski adds $200M financing.
• Coinbase hones prime broker. COIN
• Demex secures a $9M round.
• 8i Ventures will raise new fund.
• CFPB eyeing open bank push.
• Maven closes on crypto funds.
• Marqeta, First National partner. MQ
• Emerchantpay, Elsner partner.

Watch Out For This: New York state reported 11,300 new Covid-19 cases, the most since January, as dozens of hospitals neared capacity.

Source: Bloomberg

Interesting Reads:

• HASHED taps funds for Web3.
• SEC denies spot bitcoin ETFs.
• Public: Execution w/out PFOF.
• Celebrities snapping up NFTs.
• Jefferies talks liquidity capture.

Market Moving Headline: Recent earnings data shows that U.S. companies are, in fact, growing earnings strongly. That growth in earnings is so far stronger than the multiple compression caused by rising rates, helping to support this year’s rally.

Source: Nasdaq