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Crypto
Coinbase rolls out 24-hour trading for 4,000 U.S. stocks in UK
Coinbase has launched a service in Britain that allows eligible users to trade about 4,000 U.S. stocks 24 hours a day, five days a week. From Aug. 6, qualified customers can buy, sell and manage U.S. shares in the Coinbase app alongside cryptocurrency and fiat holdings. Users can top up instantly with pounds or USDC, with no fees, and invest from 1 pound using fractional trading. Coinbase called it Britain’s first crypto-native U.S. stock trading app.
Crypto
Kraken launches cryptocurrency payment card in UK and Europe with up to 2 percent cashback
Cryptocurrency exchange Kraken has begun issuing debit cards for users in Britain and the European Economic Area. Users can spend cryptocurrencies and cash held in their Kraken accounts, with payments running on the Mastercard network and conversions available for more than 600 currencies at purchase. Kraken says it does not charge its own payment or ATM fees. Cashback of up to 2 percent depends on average balances and is paid weekly in bitcoin, euros or pounds.
Crypto
ESMA warns many prediction market event contracts may be banned for sale to EU retail investors
The European Securities and Markets Authority warned that many prediction market contracts may already fall under an EU ban on selling certain products to retail investors. ESMA said firms cannot avoid EU financial rules by marketing such products as “event contracts”. It reaffirmed that event contracts classed as financial instruments cannot be marketed, distributed or sold to retail investors under national rules implementing ESMA’s 2018 restrictions on binary options.
