Superhero and Swyftx unveil ‘$1.5b’ merger

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 90%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Gyrations in share and crypto markets have not deterred the two businesses from joining forces in their bid to create a “super app” with 800,000 customers.

. It also plans to offer crypto and share trading capabilities within the app.

The merged entity will allow customers on both platforms to log in using a single account. It will allow access to cryptocurrency and equities trading along with superannuation holdings in one interface. “There is a complex set of rules and to navigate them has its challenges that we’ve worked through. For someone else coming else into this space – it’s hard,” Mr Winters said.Mr Harper said there was a “misconception that crypto is a completely regulated space”.

The transaction comes amid turbulence in both equity and crypto markets as the stimulus-fuelled meme stock and coin “melt-ups” were replaced by violent corrections as interest rates edge higher.an algorithmic stablecoin that was tied to the US dollar but became worthless in a matter of days.“It’s still rapidly evolving. Our investors understand it’s a volatile space and to invest responsibly,” Mr Harper said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

little more than a ‘gyration’

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Superhero and Swyftx unveil ‘$1.5b’ mergerGyrations in share and crypto markets have not deterred the two businesses from joining forces in their bid to create a “super app” with 800,000 customers.
Source: FinancialReview - 🏆 2. / 90 Read more »