Investing in Currencies

Coinbase (NASDAQ:) is the custodian for 8 of the 11 spot ETFs approved by the SEC on Wednesday, still, some analysts are questioning if the approval will help the company.Analysts at Mizuho don't see the approvals as good news for Coinbase."... potential upside to COIN's revenue from Bitcoin ETF may be more muted than thought, with just 1-2% benefit from custody fees and 5-10% total benefit if the ETFs drive additional spot Bitcoin trading," analysts commented.In addition, deeper cannibalization of high-margin spot Bitcoin trading and/or share loss to brokers offering...

Investing.com - The U.S. dollar steadied in early European trade Thursday, retaining most of 2024’s gains ahead of the release of key U.S. inflation data that could provide more clues on when the Federal Reserve could begin cutting interest rates. At 04:20 ET (09:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded flat at 102.090, but still 1% higher since the start of January.  U.S. CPI looms large The dollar has been in demand for much of the new year as traders...

LONDON and NEW YORK - Broadridge Financial Solutions , Inc. (NYSE: NYSE:) has announced a collaboration with Boring Money to offer asset managers a comprehensive solution for meeting the UK's Consumer Duty regulation requirements. This new service integrates Broadridge's analytical capabilities with Boring Money's consumer data insights, aimed at providing a more complete understanding of retail investors and fund performance.The partnership brings together Broadridge's expertise in value reporting, fee data, performance data, and consulting services with Boring Money's demographic and perception data on end investors. This combined offering is designed...