August 17 Industry Dynamics: FCA Adds BITMETALITFX and Another Platform to the Blacklist

BITMETALITFX and ECONFX Listed on FCA Blacklist

The Financial Conduct Authority (FCA) of the United Kingdom recently pointed out that BITMETALITFX and ECONFX are platforms that may be offering financial services or products in the UK without FCA authorization. Detailed information is as follows:

Unauthorized Firm - BITMETALITFX:

• Address: Arlington Business Park Theale, Reading, Berkshire, UNITED KINGDOM, RG7 4SA
• Email: support@bitmetalitfx.com
• Website: www.bitmetalitfx.com

Unauthorized Firm - ECONFX:

• Address: Belgrave Road, London, UNITED KINGDOM, SW1V
• Phone: +447849868505
• Email: info@econfx.com
• Website: www.econfx.com

Former OvalX Executive Michael Baker Joins Capital.com as Head of UK Premium Client Division

Forex and CFD broker Capital.com has recruited seasoned sales executive and senior finance professional Michael Baker as its Head of UK Premium Client Division.

Michael worked at OvalX for nearly 7 years, starting as a sales trader in November 2016, went through two rounds of job changes before being promoted to Head of the Relationship Management Department in December 2020, and later became the Head of Online and Institutional Services at OvalX in June 2021.

Michael has held positions at Pip Index Capital Markets, Panima Capital Management, and Divento Financials.

Coinbase Authorized to Offer Digital Asset Futures Trading in the United States

The American digital assets exchange Coinbase announced that it has received approval from the National Futures Association (NFA) of the United States, making it the first native platform capable of offering direct trading between traditional spot digital assets and regulated leveraged digital asset futures.