Standard customers are capped at three free trades per month, while premium customers can carry out eight free trades per month. Any additional trade beyond this limit will be charged at £1 (€1.13 at the time of publication) per trade.

Stock trading was made available to metal customers last month, enabling them to buy and sell 300 US stocks directly from the Revolut app. Revolut Metal customers can now make unlimited free trades per month.

Today’s launch also sees the addition of 150 more UUS stocks for customers to choose from, including companies like Twilio, Worldpay and Groupon. Revolut customers can now access over 450 US stocks and download monthly statements directly from within the app.

Standard, premium and metal customers are charged 0.01% annual custody fee, based on the value of a customer’s portfolio.

Revolut also notes that its users can buy only fractions of a single share, should the per-share price of a company they are planning to invest in — such as Amazon — be so high that they cannot do so. Instant market orders allow Revolut customers to buy or sell a share, or a fractional share, at its current market value with real-time price updates and stock performance data.

“We’re delighted to provide even more people with access to the stock market and make financial services more inclusive, innovative and affordable. We’ll continue to build on the trading product, rolling out access to different markets and products in the near future,” said Andre Mohamed, Head of Wealth and Trading at Revolut.

The post Revolut launches trading feature in 26 markets, including Malta first appeared on The Malta Business Weekly.

OKEx expects the new platform to allow users to access the real-time data of OKEx’s futures and perpetual swap markets of nine mainstream tokens including bitcoin (BTC), litecoin (LTC), ether price (ETH), ether classic (ETC), ripple (XRP), EOS, bitcoin cash (BCH), bitcoin SV (BSV) and tron (TRX), according to a press release sent to Business Malta.  

Additionally, OKEx expects the new feature to help its customers to get a grasp of market trends, including long/short positions ratio, basis, open interest and trading volume, buy/sell taker volume, Top Trader Sentiment Index, and top trader average margin used. 

The new data platform is also seen to provide additional insight that would help customers better identify market trends and develop their own trading strategies, the press statement says.

“Derivatives trading requires a steeper learning curve, as it involves the use of margin and leverage. Once we realized that there isn’t really much data available in the market to help users analyze market trends, we decided to build a tool that can benefit our users,” said Andy Cheung, Head of Operations of OKEx. 

“That’s why we launched this big data platform, and we are proud to say that we are the first in the industry to provide this kind of data. As a leader, we are committed to bringing the best user experience and building a healthy trading environment for all,” Mr Cheung added.

Recently, OKEx donated $4.5m — approximately €4m+ — of bitcoin to its perpetual swap market insurance fund in order to foster the confidence of customers in trading cryptocurrencies, according to a press release the company published.

The post OKEx launches trading data platform first appeared on The Malta Business Weekly.

“As environmental problems threaten agriculture and jobs in rural communities decrease, it has become essential to change the way we live and eat and Zoegi believes that the crypto community can lead that change,” the press statement sent to BM says.

Saying that modern agriculture is responsible for one-quarter of pollution that affects habitats around the world threatening biodiversity, Zoegi believes it has become essential to grow organic and improve the world’s food supply.

“We know that we cannot keep living as we do. Something has to change and food production is in the centre of that change. We cannot keep on polluting the planet, taking resources out of small communities the way we do. It’s simply not sustainable,” says Yelena Kensborn, founder of Zoegi.

Utilising blockchain and cryptocurrencies, Zoegi aims to facilitate transactions between buyers and sellers, allowing the user to scan every product to see exactly where it comes from.

Having gained traction in Malta with a deal to supply restaurant Caviar and Bull, Zoegi expects to soon close further deals around Europe this year.

Fighting global crisis

The company wants to change the way food is produced and distributed and “to fight the global environmental crisis at the same time as bringing the economic power back to rural, economically deprived areas,” the press statement adds.

Zoegi says that by helping local farming communities they improve the environment with increased organic farming. The startup’s long-term goal is to create a decentralised economy where every community in the world would realise the value of their work and can sell their products to the international market.

Charging in crypto, not fiat, the startup is looking to identify the key influencers in the space who do not just see their crypto tokens as a digital asset to trade on an exchange but are looking at them as a means towards an independent economy, the press statement says. The team believes that this will make the public think of crypto as it was originally intended; a means to trade independently of a central authority and fix the problems of existing systems.

“The Mediterranean is the original hub for trading. Here, deals were made between Europe, Africa and the Middle East. Because of this, it has always been open to new currencies, and millions of different coins have passed the ports of Malta. It is, therefore, not surprising, that Malta has been the most prominent player in the crypto scene, with a clear eye to the future and where the world is heading,” the startup concludes in the press statement.

The post Startup Zoegi to use blockchain for supporting agribusinesses first appeared on The Malta Business Weekly.

The statistics office says the year-on-year drop was chiefly due to mineral fuels, lubricants and related materials (€100.2m), partly outweighed by an increase of €40.1m in machinery and transport equipment.

“On the exports side mineral fuels, lubricants and related materials (€29.2m) accounted to the main decrease, partly set off by increases of €16.7m in miscellaneous manufactured articles and €13.3 million in food,” the NSO says in its release.

Imports from the European Union reached 49.6% (€221.8m) of imports in total. Figures reveal a year-on-year decrease of €134.9m in imports from countries in the euro area.

Data in the NSO release presents all international trade in goods registered up to the cut-off date of 5 March.

The full report including charts and visual representation of data is available for download at the website of NSO.

The post Malta’s trade deficit shrinks to €182.9m in January first appeared on The Malta Business Weekly.

The YANT trading platform comprises of a custom-built blockchain and the electric wallet. The blockchain promises to offer high processing speed and stability along the lines of strong security, with a particular focus on P2P transactions. The wallet is said to store many types of cryptocurrencies — including but not limited to bitcoin and ether — and to allow transfers in real time.

The platform boasts of uncomplicated transaction registration procedures and restriction-free transaction area, according to the press release. YANT promises to transact cryptocurrencies on the platform without required escrow conditions.

“The YANT P2P transaction system, which stores the transaction ledger in the blockchain, faithfully reflects the meaning and philosophy of the blockchain and the cryptocurrency that was created with the goal of decentralization, and they expect this to be the next generation platform to lead the field of cryptocurrency distribution, GBIH says in the press statement.

The commercial version of the YANT transaction system is expected to be released in the first quarter of the year.

The post GBIH develops blockchain platform YANT for P2P trading first appeared on The Malta Business Weekly.