Crypto World
UAE Investors Hunt Value in AI and Enterprise Tech Amid Volatility
UAE investors shifted toward software and AI infrastructure shares in Q1 2026, according to eToro data. The press release documents which stocks saw the largest gains and how UAE holders responded to ongoing market volatility, including a notable jump in holders for ServiceNow and Adobe as their prices trended lower. It also highlights AI hardware and memory players such as Super Micro Computer, Micron, and Oracle as popular buys, and notes ongoing attention to mega-cap tech. The release frames these moves as selective conviction rather than broad risk-off behavior, with comments from eToro’s MENA MD.
Key points
- ServiceNow led Q1 2026 risers with a 125% increase in holders as the stock fell about 32%, while announcing partnerships with OpenAI and Anthropic.
- AI infrastructure names Super Micro Computer (+65%), Micron (+39%), and Oracle (+38%) also saw notable holder increases in Q1 2026.
- Adobe rose 54% in holders despite roughly 25% price decline and CEO leadership changes noted in the period.
- Micron exception: posted stock gains driven by momentum in AI memory demand and limited new supply.
- Top holdings snapshot: NVIDIA remained first; Amazon rose to second; Tesla third; Microsoft fourth; Apple fifth in the rankings.
Why it matters
These data points suggest UAE investors are selectively engaging with AI and enterprise tech, seeking long-term value amid volatility. The dip-buying pattern in software and AI infrastructure hints at confidence in AI-enabled growth, rather than a blanket risk-off stance. For readers tracking regional sentiment, the mix of mega-cap leaders and niche AI names indicates which parts of the tech value chain are drawing attention in the UAE at the start of 2026.
What to watch
- Updated data after 31 March 2026 will show whether the tilt toward software and AI infrastructure persists.
- ServiceNow’s partnerships with OpenAI and Anthropic may influence investor sentiment.
- Watch for changes in the top held rankings (NVIDIA, Amazon, Tesla, Microsoft, Apple) in upcoming quarters.
Disclosure: The content below is a press release provided by the company or its PR representative. It is published for informational purposes.
UAE Investors Hunt Value in AI and Enterprise Tech Amid Market Volatility
Abu Dhabi, United Arab Emirates – April 15, 2026: Against a backdrop of geopolitical conflict in the Gulf and rising investments in AI, retail investors increased their exposure to software and AI infrastructure stocks whose share prices have taken a hit in the first quarter of 2026, according to the latest data from trading and investing platform, eToro.
eToro looked at which companies saw the largest proportional change in holders quarter-on-quarter (table 1) and also examined the 10 most held stocks on the platform among users based in the UAE (table 2).
Software and SaaS names featured prominently in the Q1 top risers list, suggesting UAE investors used the sector-wide sell-off to buy the dip. ServiceNow topped the list with a 125% jump in holders as its share price fell around 32% in Q1, although in the same quarter it announced partnerships with AI heavyweights OpenAI and Anthropic. Adobe ranked third (54% increase in holders) even as the stock came under pressure over concerns about its ability to defend its core software business against AI disruption. Shares were down about 25% by mid-March, along with news that the chief executive would step down, suggesting UAE investors were buying during the pullback.
AI infrastructure was another clear theme in Q1: Super Micro Computer (+65%) in second place, followed by Micron (+39%) in fifth, and Oracle (+38%) in sixth. Investors appear to have bought into a late-quarter sell-off with Super Micro Computer. The stock had traded largely sideways before tumbling 33% after US prosecutors charged the co-founder over an alleged scheme to smuggle Nvidia-powered servers to China. Oracle also fits the buy-the-dip theme. The stock has been volatile amid concerns about spending tied to its AI cloud expansion.
The standout exception was Micron, one of the few names in the group to post stock price gains over the quarter. The move was driven by stronger momentum from surging demand for AI memory chips and limited new supply.
George Naddaf, Managing Director at eToro (MENA), said: “In Q1, UAE investors approached technology with selectivity and opportunism. Some of the companies that drew the strongest increase in holders had fallen to around 25% to 33%, suggesting investors were willing to buy into the sell-off where they still saw long-term value.”
He added: “Despite talk about the ‘Saaspocalypse’, the idea that AI will dismantle traditional SaaS business models, UAE investors showed sustained interest in software. They are honing in on companies that they believe have a clear role in the tech value chain and potential for monetisation. While geopolitical tensions added to market volatility, the pattern in holdings suggests UAE investors were driven more by sector conviction than by a broad risk-off mindset.”
Other Q1 risers spanned multiple sectors. Investors pushed e.l.f. Beauty to fourth place by increasing holdings 52%. They also drove gains in Duolingo, Gorilla Technology, Hims & Hers Health, and SoFi Technologies, highlighting interest in companies across digital education, IT services, telehealth, and fintech.
Q1’s ‘top fallers’ list featured a mix of industries. Twist Bioscience Corporation led the pack with a 90% decrease in holders, followed by Okta (-49%) and CoreWeave (-47%). BioMarin Pharmaceuticals also saw a big decline, with holders down 35% QoQ.
The most widely held stocks were largely unchanged from last quarter, with only minor reshuffles in the top half. NVIDIA held onto first place, while Amazon rose to second, and Microsoft to fourth. Tesla slipped to third and Apple to fifth, while positions six to ten remain unchanged.
Naddaf remarked: “Local investors’ selective approach to technology is further evidenced by the fact that AI and tech companies feature in both the risers and fallers lists. They appear to be making efforts to distinguish between the winners and laggards of the AI revolution.”
Looking at the most held ranking, he added: “It suggests UAE investors are continuing to treat these names as core positions rather than short-term trades. NVIDIA held onto the top spot, while Amazon moved up to second and Microsoft climbed to fourth, but the ranking is largely unchanged. This points to continued conviction in mega-cap technology companies contributing to AI infrastructure and enterprise applications. In a quarter marked by uncertainty, that kind of stability points to a confidence in scale, earnings visibility, and relevance.”
Table 1: Shows which stocks have seen the biggest proportional increase and decrease in holders on the eToro platform in the UAE, quarter-on-quarter.
Table 2: Shows stocks most widely held by eToro users in the UAE, and their position last quarter.
Notes:
Past performance is not an indication of future results.
The tables compare data from the eToro platform on the final day of Q1 2026 with the final day of Q4 2025. The data refers to funded accounts of eToro users in the UAE.
The data in the first table shows the 10 stocks that have seen the largest proportional increases and decreases in holders on the eToro platform quarter-on-quarter (Q1 2026 vs Q4 2025).
The data in the second table shows the top 10 most-held stock positions (open positions) by investors on the eToro platform at the end of Q1 2026. As the vast majority of stocks traded on eToro are real assets, this data does not include positions held as CFDs.
Stock price data from Yahoo Finance.
All data accurate as of after market close on 31 March 2026.
Media Contact
About eToro:
eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news.
Disclaimers:
Not investment advice. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
eToro is a group of companies that are authorised and regulated in their respective jurisdictions. The regulatory authorities overseeing eToro include:
- The Financial Conduct Authority (FCA) in the UK
- The Cyprus Securities and Exchange Commission (CySEC) in Cyprus
- The Australian Securities and Investments Commission (ASIC) in Australia
- The Financial Services Authority (FSA) in the Seychelles
- The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) in the UAE
- The Monetary Authority of Singapore (MAS) in Singapore
This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.
Regulation and License Numbers:
Middle East
eToro (ME) Limited, is licensed and regulated by the Abu Dhabi Global Market (“ADGM”)’s Financial Services Regulatory Authority (“FSRA“) as an Authorised Person to conduct the Regulated Activities of (a) Dealing in Investments as Principal (Matched), (b) Arranging Deals in Investments, (c) Providing Custody, (d) Arranging Custody and (e) Managing Assets (under Financial Services Permission Number 220073) under the Financial Services and Market Regulations 2015 (“FSMR”). Registered Office and its principal place of business: Office 26 and 27, 25th floor, Al Sila Tower, ADGM Square, Al Maryah Island, Abu Dhabi, United Arab Emirates.
Key takeaways
- DOGE is down 0.5% and continues to trade below the $0.10 psychological level.
- The coin has been consolidating and could rally higher in the near term.
Dogecoin (DOGE), the largest meme coin with a market capitalization of $14.27 billion, represents over 0.50% of the $2.49 trillion cryptocurrency market as of Wednesday.
Dogecoin underperforms despite a disinflationary model
Dogecoin defends its inflationary model, stating that inflation will decrease gradually to 3.1% from 3.6% as the total DOGE supply increases.
The assumption driving this claim is that demand for the meme coin will remain steady, supported by its robust community that uses DOGE for tipping, institutions launching DOGE-focused Exchange Traded Funds (ETFs), and its growing use in Decentralized Finance (DeFi) services.
While the narrative suggests a stable demand, it may not guarantee sustained positive pressure on DOGE’s price.
While Dogecoin’s fixed issuance model reduces inflation relative to the increasing supply, it does not necessarily reduce the overall supply, as deflation would. The continued minting of 5 billion DOGE per year could become a persistent downside risk, especially during periods of low demand.
Dogecoin’s strategy emphasizes practical usage as a currency rather than hoarding, and it incentivizes miners to secure the network. However, the ongoing supply pressure may limit the effectiveness of this disinflationary model in the long term.
In addition to this, institutional demand for DOgecoin remains muted. Since the launch of DOGE spot ETFs on November 24, there have been just 15 days of inflows, totaling a net asset value of $10.80 million. With 79 days showing no flows and two days with net outflows, institutional interest in DOGE remains limited.
The Dogecoin Treasury currently holds just over 780.54 million DOGE, which represents 0.51% of the total DOGE supply. Gaining further institutional support is key for Dogecoin to progress into the global financial system, providing the demand necessary to support the disinflationary model.
DOGE could rally above $0.10 if the bulls regain control
The DOGE/USD 4-hour chart remains bearish and efficient despite the broader crypto market rallying recently. At press time, DOGE is trading at $0.094 after rejecting at the $0.098 swing high earlier this week.
The RSI of 55 is above the neutral 50, indicating a fading bearish momentum. The MACD lines are also above the zero region, adding further bullish narrative to the pair.
If the bulls regain control, DOGE could surpass the $0.098 swing high and hit the $0.10 psychological level for the first time since March 16.
However, if the bearish correction persists, DOGE could retest the Sunday low of $0.09012 in the near term.
Crypto World
Justin Sun Just Revealed a Quantum-Resistant Roadmap for Tron: Is TRX About to Break $0.40?
Justin Sun just dropped a new strategic framework for Tron and TRX is responding.
The token is trading at $0.3234, up 1.1% in 24 hours. The modest price move understates what the roadmap is actually signaling if it gains traction.
The detail most headlines are missing is the quantum angle. Sun is positioning Tron as a quantum-resistant Layer-1, with protocol-level upgrades targeting post-quantum cryptographic standards alongside expanded DeFi and stablecoin settlement rails. That reframes the entire long-term infrastructure thesis for the network.
The announcement hit Sun’s official channels and immediately split crypto Twitter between technical optimism and the skepticism that follows any Sun-led initiative. Both reactions are predictable. The more important context is that Tron’s stablecoin volume is already among the highest of any chain. This roadmap is building on a concrete base, not a whitepaper premise.
While Bitcoin debates whether to freeze vulnerable coins and Ethereum forms research committees, TRON is building.
Today I'm announcing that TRON is officially launching its post-quantum upgrade initiative. TRON will be the first major public blockchain to deploy…— H.E. Justin Sun
(@justinsuntron) April 14, 2026
The broader market is recovering on macro tailwinds, which gives this announcement better timing than it might otherwise deserve. TRX price action now becomes the cleanest read on whether the market is pricing the roadmap as signal or noise.
Can Tron (TRX) Crypto Price Hit $0.40 This Week?
TRX is holding $0.32 as immediate support, a level it has defended across multiple sessions. CoinLore’s forecast data places near-term resistance in the $0.34–$0.36 band, a range that has capped rallies throughout the current consolidation phase. Volume on the 24-hour print remains moderate, suggesting accumulation rather than a momentum-driven breakout, for now.
Moving average structure is constructive. Price sits above the 50-day MA, and short-term momentum indicators have not flashed overbought conditions, leaving room for a leg higher without immediate mean-reversion risk.
Projections flag $0.38–$0.42 as achievable within a 30-day window under a sustained bull scenario.
TRX is still orbiting that same decision zone, and $0.36 is the trigger, because if price breaks and holds above it with real volume, that is where momentum unlocks and a quick push toward $0.40 becomes realistic.
For now though it still looks like digestion, with price stuck between $0.32 and $0.36 while the market processes the news, so instead of a breakout you get a slow grind as long as sentiment does not fade.
The level that really matters underneath is $0.30, because as long as it holds, structure is still intact, but if it breaks, things flip bearish fast and $0.27 comes into play, especially if the broader market weakens.
What makes this more interesting is the longer term angle, because expectations are still leaning bullish, but it all depends on execution, and that is the part the market will price in quickly, not months later.
So in the short term, $0.34 is the tell, because how price reacts around that level this week will show whether buyers are actually stepping in or just waiting.
Maxi Doge Targets Early-Mover Upside as TRX Tests Key Resistance
TRX at $0.32, with a clear ceiling at $0.36, means the upside for late entrants is capped at 10–12% to the next resistance band. For traders who missed the base, the broader bull market setup raises an obvious question: where does the asymmetric risk actually sit right now?
One answer generating traction in presale circles is Maxi Doge (MAXI), a meme token built on Ethereum that packages the 1000x leverage trading mentality into a community-driven ecosystem.
The concept (a 240-lb canine juggernaut who never skips leg day, never skips a pump) is absurd by design, which is exactly the point.
The presale has now raised $4,734,794.34 at a current token price of $0.0002813, with staking rewards distributed daily via smart contract.
Features include holder-only trading competitions with leaderboard rewards, a Maxi Fund treasury backing liquidity and partnerships, and futures platform integrations built for the ROI-hunter demographic. Early-stage meme tokens carry substantial risk of total loss, that’s the trade-off for the entry price. For those who’ve done the research, the Maxi Doge presale is live now.
The post Justin Sun Just Revealed a Quantum-Resistant Roadmap for Tron: Is TRX About to Break $0.40? appeared first on Cryptonews.
Pakistan’s central bank notified all banks and financial institutions in the country that the ban on providing crypto services has been lifted.
However, according to the new state bank rules, banks are banned from investing, trading or holding crypto assets using their own funds or customer deposits.
The State Bank of Pakistan’s move follows the recent enactment of the 2026 Virtual Assets Act, which establishes Pakistan’s Virtual Asset Regulatory Authority (PVARA to license, regulate and supervise the sector.
The central bank replaced its 2018 ban on crypto with new rules that permit regulated banks and other financial institutions to open accounts for crypto firms approved under PVARA.
Under the new state bank framework, banks can provide services to virtual asset service providers (VASPs) licensed under the new crypto act, as well as to those seeking approval, subject to strict compliance with anti-money laundering (AML), know-your-customer (KYC), and other counter-terrorism financing regulations.
“Subject to strict compliance with the conditions outlined herein, SBP Regulated Entities (REs) may open bank accounts of entities duly licensed by PVARA as Virtual Asset Service Providers (VASPs),” the State Bank of Pakistan said.
The central bank’s rules also set out detailed conditions for onboarding crypto firms, which include mandatory verification of licenses, enhanced due diligence and ongoing supervision of all their transactions.
In December, the government of Pakistan and Binance signed a memorandum of understanding (MOU) allowing the world’s largest crypto exchange by trade volume to explore the tokenization of up to $2 billion in bonds, treasury bills and commodity reserves in Pakistan.
That same month, the Chairman of Pakistan’s Virtual Assets Regulatory Authority (VARA), Bilal Bin Saqib, announced in a video interview with CoinDesk his country’s plans to accelerate crypto adoption, leverage Bitcoin mining, and launch a national stablecoin.
Roughly 40 million or about 17% of the Pakistani population are involved in crypto trading, the government said in February. The country is the third-largest crypto market by retail activity, ahead of places like Germany and Japan.
Bitmine Immersion Technologies chairman Tom Lee said Wednesday that the recent crypto slump was a “mini crypto winter” that may already be ending, in comments that came shortly after the company disclosed a multibillion-dollar quarterly loss tied largely to unrealized markdowns on the company’s Ether holdings.
During a keynote speech at Paris Blockchain Week 2026, Lee said that equity markets have bottomed due to the US-Israel war with Iran, and that Ether (ETH) will emerge from its “massive consolidation,” driven by tokenization and agentic artificial intelligence initiatives tied to the smart contract network.
Lee argued that equities have reached their bottom, leading to a recovery from what he called an “unusual” crypto market downturn, which didn’t coincide with a wider bear market in stocks for the first time. “Equity markets bottom on bad news. And we’ve had a lot of bad news,” said Lee, citing historical examples of stock markets bottoming out after the outbreak of wars.
Lee also said ETH is “probably on its way to 60,000” if his market thesis is correct and later described $62,000 as a fair-value scenario over the next few years, based on Ethereum reaching roughly one-quarter of Bitcoin’s (BTC) long-term value.
His comments come amid a wider crypto market downturn that has seen Ether’s price fall 43% since October 2025 to trade around $2,327 at the time of writing, significantly below Bitmine’s average cost basis of $3,660, according to data from Bitminetracker.
Bitmine posts $3.8 billion quarterly loss on Ether holdings
Lee’s comments also follow Bitmine’s posting of a $3.82 billion loss on its Ether holdings during the first quarter of the year, according to a Tuesday filing with the US Securities and Exchange Commission.
The figure was mainly driven by the company’s over $3.78 billion in unrealized losses on its crypto holdings. Bitmine also reported $11 million in revenue, including $10.2 million from ETH staking.
Related: Ether treasuries need liquid staking edge to beat ETFs, says Lido exec
Despite the mounting losses, Bitmine announced a purchase of 71,524 Ether on Monday, with the company now holding roughly 4.04% of the total Ether supply. The latest acquisitions came shortly after Bitmine debuted on the New York Stock Exchange on April 9, uplisting from NYSE American.
Bitmine and Exodus Movement are the only two Ether treasury companies to publicly disclose Ether investments over the past 30 days.
Bitmine is the largest corporate Ether holder with 4.6 million ETH currently valued at over $10 billion, while SharpLink Gaming is second, with 863,000 Ether worth $1.89 billion, data from StrategicEthReserve shows.
Magazine: Sharplink exec shocked by level of BTC and ETH ETF hodling — Joseph Chalom
eToro has announced an agreement to acquire Zengo, a self-custodial crypto wallet provider, to combine eToro’s global, multi-asset platform with Zengo’s wallet technology. The move aims to broaden self-custody options and accelerate access to on-chain finance, linking traditional investing with on-chain infrastructure as digital assets evolve. The press release notes that the combination could support tokenized assets and emerging decentralized trading models, including prediction markets and perpetuals, while maintaining e- toro’s broad investing ecosystem. The transaction remains subject to customary closing conditions and reflects eToro’s long-term strategy to expand digital asset capabilities.
Key points
- Acquisition merges eToro’s multi-asset platform with Zengo’s non-custodial wallet technology to broaden self-custody capabilities.
- Zengo offers on- and off-ramp capabilities, token swaps, staking, and access to decentralized applications on a wallet powered by MPC cryptography.
- The deal supports evolving digital asset use cases, including tokenized assets and decentralized trading models such as prediction markets and perpetuals.
- The transaction is subject to customary closing conditions and reflects eToro’s long-term strategy to expand digital asset capabilities.
Why it matters
By bringing Zengo’s self-custodial wallet into its ecosystem, eToro could give users more control over private keys and on-chain access while staying within a regulated, multi-asset platform. The arrangement signals a strategic bet on self-custody as part of mainstream investing and could shape how readers engage with digital assets through tokenized assets and on-chain trading. This approach aligns with eToro’s broader strategy to broaden access to digital assets within its regulated ecosystem.
What to watch
- Progress toward closing conditions and regulatory approvals.
- Integration timeline for Zengo technology into the eToro platform and any related product roadmap.
- Any announcements of new self-custody features or on-chain services after closing.
Disclosure: The content below is a press release provided by the company or its PR representative. It is published for informational purposes.
eToro Acquires Zengo to Expand Self-Custodial Crypto Capabilities
Abu Dhabi, UAE -15 April 2026: eToro, the trading and investing platform, has entered into an agreement to acquire Zengo, a leading self-custodial crypto wallet provider, in a move that deepens eToro’s digital asset capabilities and accelerates its strategy of connecting traditional finance with on-chain infrastructure and the crypto native economy.
The acquisition brings together eToro’s global multi-asset platform and distribution with Zengo’s non-custodial wallet technology, supporting Zengo’s next phase of growth while expanding eToro’s digital asset capabilities.
The transaction strengthens eToro’s ability to support evolving digital asset use cases, including tokenized assets and emerging decentralized trading models such as prediction markets and perpetuals, as these markets develop.
Yoni Assia, Co-founder and CEO of eToro, said: “We believe the future of finance will be increasingly digital, decentralized and user-controlled, with self-custody playing an important role in that evolution. Zengo has built an innovative and secure wallet experience, and this acquisition will enable us to accelerate its growth while continuing to provide users with choice in how they access digital assets.
“As we often say, crypto downtimes are the time to build and this acquisition reflects that long-term approach. At the same time, we continue to demonstrate the strength of our diversified business model. We’ve seen strong capital market activity so far this year, with commodity trading accounting for 60% of trading commissions by asset class in Q1 2026, with commodities trading volume nearly 4x higher year over year. This growth was driven by shifting global macro dynamics, our standing as a top-tier global multi-asset platform, and our strategic expansion of 24/7 trading, including gold and oil.”
Founded in 2018, Zengo is a pioneer in multi-party computation (MPC) cryptography and provides a market-leading crypto wallet, known for its keyless wallet architecture designed to enhance security while simplifying self-custody. Zengo offers a full-service crypto experience, including on- and off-ramp capabilities, token swaps, staking and access to decentralized applications, making it one of the most comprehensive consumer self-custodial solutions in the market.
“From day one, Zengo has focused on making self-custody simple and secure for everyday users,” said Ouriel Ohayon, Co-founder and CEO of Zengo. “Joining eToro allows us to accelerate that mission at a global scale. Together, we can expand access to self-custody and on-chain finance while connecting it to a broader investing ecosystem that bridges traditional and on-chain finance.”
Notes
The deal is subject to customary closing conditions.
Media contact
pr@etoro.com
About eToro
eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have over 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media centre here for our latest news.
About Zengo
Zengo Wallet is the most secure self-custodial cryptowallet, trusted by over 2 million individuals and businesses in 180+ countries. Since 2018, no Zengo wallet has ever been hacked. Zengo Pro includes advanced features like Bitcoin Vaults, an inheritance-style feature, and now, heavily discounted fees on purchase. Zengo Business offers institutional-grade security and team wallets for SMBs and enterprises. Powered by MPC cryptography, Zengo has no seed phrase vulnerability and is backed by Insight Partners, Tether, and other leading investors.
Disclaimers
Zengo’s non-custodial wallet is a separate product from eToro’s regulated exchange services. Access to Web3 services through the wallet, including decentralized applications, token swaps, and staking, is not a regulated activity and is not offered, managed, or guaranteed by any eToro regulated entity. Users interact directly with third-party protocols and are responsible for their own actions.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Past performance is not an indication of future results.
eToro is a group of companies that are authorised and regulated in their respective jurisdictions. The regulatory authorities overseeing eToro include:
- The Financial Conduct Authority (FCA) in the UK
- The Cyprus Securities and Exchange Commission (CySEC) in Cyprus
- The Australian Securities and Investments Commission (ASIC) in Australia
- The Financial Services Authority (FSA) in the Seychelles
- The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) in the UAE
- The Monetary Authority of Singapore (MAS) in Singapore
- eToro USA Securities Inc., registered with Securities and Exchange Commission (SEC) and member of FINRA and SIPC
- eToro USA LLC state and FinCEN (31000318247697) registered
- eToro NY LLC hold licenses with the State of New York (MTL #104940 and VC #122584)
The United Kingdom’s Financial Conduct Authority (FCA) said Wednesday it is consulting on guidance for the country’s future crypto regime, in the latest step toward a broader framework that is expected to take effect on Oct. 25, 2027.
In a statement published Wednesday, the FCA said it is seeking industry feedback on the guidance to help companies understand how they might be affected by the regime. The full consultation text is available on the FCA website, with the feedback window closing on June 3, 2026.
The regulator said the guidance will clarify requirements for areas such as stablecoin issuance, crypto trading, custody and staking. “We want to develop a competitive and sustainable cryptoasset sector where UK consumers are served by authorised cryptoasset firms and can make informed decisions,” the FCA said.
The guidance consultation follows a run of FCA rule consultations published since late 2025 covering trading platforms, intermediaries, prudential standards, admissions and disclosures, market abuse, and how the FCA Handbook will apply to crypto companies. Until the regime comes into force, crypto in the UK remains only partially regulated, mainly restricted to areas such as financial promotions and Anti-Money Laundering (AML) regulations.
Related: UK regulator takes High Court action against HTX over crypto promotions
Authorization window opens later this year
According to the FCA, the broader crypto regime is expected to come into force in October 2027, but companies will be able to start applying for authorization as early as September 2026.
That aligns with the authority’s timeline published in January, when it said the license application period would open in September. According to the FCA, the application period is expected to end in February 2027.
The FCA previously said that the authorization under the upcoming crypto regime will not be automatically granted to companies that have already been registered under existing Money Laundering Regulations (MLRs) and payment-related frameworks.
According to the plan, all companies providing regulated crypto asset services in the UK will need to be authorized under the Financial Services and Markets Act (FSMA).
Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026
A Danmarks Nationalbank staff paper published this week places Denmark’s crypto exposure in a distinctly cautious light, revealing that only 4% of Danes own cryptocurrencies. The figure has remained flat since 2023 even as crypto markets expanded across Europe. The study, based on a 2025 survey conducted by Epinion, estimates national holdings between roughly $317 million and $847 million and shows that the typical position is small.
The paper draws on responses from 3,013 citizens aged 15 and older, collected between October and November 2025 through Denmark’s Digital Post system. Respondents could answer online or by phone, and the sample was weighted to reflect national demographics. Alongside the ownership rate, the report highlights how Danish crypto activity is distributed and what factors appear to influence adoption, including historical banking norms and tax treatment.
Key takeaways
- Only 4% of Danes own cryptocurrency, a share unchanged since 2023.
- Among holders, most positions are under 10,000 Danish kroner (about $1,570); national exposure is estimated at $317 million to $847 million.
- Indirect exposure through crypto-linked stocks and exchange-traded products stands at about $211 million, roughly 0.4% of total equity holdings.
- Crypto ownership skews toward younger, higher-income individuals; participation declines sharply after age 60.
- Retention and custody patterns show 70%–75% of users rely on service providers, while 20%–30% self-custody assets; Danske Bank began offering crypto exposure via BTC and ETH ETFs earlier this year.
Denmark’s crypto footprint versus Europe
The National Bank’s assessment places Denmark toward the lower end of crypto adoption in Europe. The paper notes that other European countries—such as Norway and Finland—along with the United Kingdom, report crypto ownership rates above 10% of their populations, indicating a broader regional ascent. The disparity underscores how local factors shape investor behavior even as global interest in digital assets grows.
Several explanations surface in the report for Denmark’s slower uptake. The Danish banking system has historically taken a cautious stance toward crypto, with banks rarely enabling purchases on their platforms and often discouraging crypto investments as high-risk. The analysis also cites earlier asymmetric tax treatment as a potential dampener on widespread adoption, suggesting that regulatory and fiscal clarity could be pivotal in shifting attitudes over time.
Banking shifts, investor attitudes, and regulatory context
Despite the cautious backdrop, institutional moves are beginning to reshape access. Earlier this year, Danske Bank—the country’s largest lender—began permitting customers to invest in crypto exposure through exchange-traded products tied to Bitcoin and Ethereum. The bank characterized the shift as part of a broader trend of growing demand for crypto exposure among clients, coupled with a clearer regulatory framework at the European level, including developments around the Markets in Crypto-Assets Regulation (MiCA).
While the Danmarks Nationalbank study confirms that most Danes remain wary of crypto as a daily payments method, the fact that a major bank is offering regulated crypto access suggests a potential for incremental uptake. Regulatory clarity, particularly from MiCA and any subsequent EU iterations, is singled out as a key factor shaping future adoption. The paper reinforces that, for many Danes, crypto remains an investment play rather than a transactional technology.
What to watch next for Danish crypto exposure
Several dynamics will likely determine whether Denmark’s crypto footprint grows. First, stricter or clearer EU-wide rules could lower perceived risk and encourage more institutions to offer regulated products. Second, tax policy changes—if pursued—could alter the cost-benefit calculus for individual investors and wealth managers. Third, ongoing shifts in custody infrastructure and product availability (for example, more self-hosted options or regulated custody services) may affect how Danes choose to hold crypto assets.
Overall, the NatBank’s survey paints a picture of a crypto market that has yet to become mainstream in Denmark, despite pockets of growing interest. The alignment (or misalignment) between regulatory signals, tax treatment, and bank-driven access will be critical to watch in the coming months as European markets continue to mature in their approach to digital assets.
What remains uncertain is how swiftly these systemic factors will translate into higher participation, especially among younger cohorts who have historically driven crypto adoption elsewhere. As MiCA 2 and related national policies evolve, observers will be watching whether Denmark’s modest baseline remains unchanged or begins to pick up pace in the next wave of retail involvement.
Allbirds (BIRD) surged as much as 400% after saying it will pivot from making sneakers into AI computation services, underscoring one of the market’s dominant themes: the race to secure scarce AI infrastructure.
The company said it agreed to sell its footwear brand to American Exchange Group (AXNY) and reinvent itself as NewBird AI, backed by a $50 million convertible financing facility to acquire processing units and build AI infrastructure.
The loan is roughly double the company’s $22 million pre-announcement market cap.
Demand for computing power to support AI is surging, while supply remains constrained. The scarcity has already prompted bitcoin miners such as Bitfarms, now renamed Keel (KEEL), and MARA Holdings (MARA) to reduce or abandon their crypto aspirations and switch their computing resources into supporting the AI industry.
Now, echoing the headlong rush into blockchain technology that engulfed companies such as Long Island Iced Tea Corp. in 2017, it seems even small-cap companies are attempting to position themselves to capture the AI opportunity.
Allbirds’ pivot comes after a steep decline in its core business, with the stock down roughly 99% from its peak. The shares, which closed $2.49 on Tuesday, surged to as high as $12.72 and were recently trading around $11.
Convertible financing means the investor initially provides capital to the company as debt, and can later convert it into equity, often at a discount, which can lead to significant dilution for existing shareholders.
UPDATE (April 15, 14:34 UTC): Updates share price move, adds bitcoin miners in fourth paragraph, Long Island Iced Tea in fifth.
OKX said Wednesday it is rolling out a Europe-specific crypto derivatives product called X-Perps, extending its regulated offering across the European Economic Area (EEA) through its Malta-based MiFID business.
The company said the new derivatives product is available to retail and institutional traders across all 30 EEA countries.
OKX said the platform is purpose-built in compliance with the Markets in Financial Instruments Directive (MiFID), a European Union regulatory framework governing financial instruments such as securities and derivatives.
The launch follows OKX’s March 2025 announcement that it had acquired a MiFID-licensed entity in Malta, which allowed the exchange to expand its derivatives trading across the EEA.
Platform features multi-asset collateral and up to 10x leverage
OKX said X-Perps offers five-year expiry crypto derivatives with up to 10x leverage and supports multi-asset collateral, including euros, US dollars and crypto assets.
At launch, the platform offers pairs for numerous crypto assets, including major coins such as Bitcoin (BTC), Ether (ETH) and XRP (XRP), as well as memecoins such as Dogecoin (DOGE) and Pepe (PEPE).
“OKX will be rolling out more pairs and exploring high-demand products for retail and institutional traders as it builds out its fully featured, regulated European derivatives platform,” the company said in an announcement shared with Cointelegraph.
A structurally different product designed for Europe
OKX’s launch of X-Perps comes as the exchange has emerged as a major player in derivatives trading.
According to CoinGlass, OKX ranked as the second-largest exchange in crypto derivatives in the first quarter of 2026, after Binance, with a cumulative quarterly trading volume of $2.19 trillion, versus Binance’s $4.9 trillion.
X-Perps is specifically structured to comply with MiFID requirements and will differ from products offered under other regulatory frameworks.
Related: Onchain perp DEX volumes fall for five straight months after October peak
OKX Europe CEO Erald Ghoos told Cointelegraph at Paris Blockchain Week that perpetual derivatives “cannot exist” under MiFID II because they would otherwise be classified as contracts for difference (CFDs). He said the exchange instead structured the product as a five-year expiry futures contract to ensure compliance with regional regulatory requirements.
He also said in a post on X that as much as 95% of crypto derivatives trading volume still occurs offshore.
“I do believe that a lot of users will transition from offshore back to a fully regulated onshore environment,” Ghoos said, adding: “With X-Perps, we are bridging that gap under a fully regulated exchange where we offer great liquidity.”
Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026
- Ethereum price falls to $2,325 on profit-taking after rising to $2,416.
- The repeated rejection at $2,360–$2,400 resistance weakens the overall momentum.
- Breaking below the key support at $2,312 could send ETH toward $2,173.
After a rally that pushed Ethereum close to $2,416, things quickly changed, and now ETH sits around $2,325.
This sharp drop near $2,400 tells us a lot about where Ethereum’s headed next, at least for now.
Pushback at $2,416 resistance
Ethereum (ETH) initially surged about 10% in a sharp move that triggered liquidations and brought renewed attention to the token.
After reaching around $2,416, momentum slowed, and the price began to pull back.
In recent weeks, the $2,360–$2,400 range has consistently acted as a supply zone, with selling pressure emerging each time ETH approaches this level.
Broader market conditions have also softened. Data from CoinMarketCap shows that the total crypto market capitalisation has declined by about 1.12%, alongside a drop in trading volumes.
This suggests that traders who entered during the recent rally are taking profits, adding to near-term downward pressure on ETH.
Capital rotation adds pressure
Another factor weighing on Ethereum (ETH) is the ongoing shift in market positioning.
Bitcoin dominance has been trending higher, indicating that capital is rotating into Bitcoin rather than altcoins.
This typically reflects a more defensive stance among investors.
As the largest altcoin, Ethereum is often among the first to face pressure during such rotations.
Even with relatively stable fundamentals, reduced capital inflows can limit its ability to sustain upward price momentum.
This trend is also visible in the ETH/BTC ratio, which has struggled to stabilise.
A recovery in this ratio would be needed to signal renewed confidence in altcoins. Until then, Ethereum may continue to underperform Bitcoin in the near term.
$2,312 now a key battleground
Right now, $2,312 stands out as a key support level. It’s not just psychological; it’s close to the 14-day moving average and already served as the floor during the recent dip.
If the ETH price holds steady above $2,312, the door stays open for another run at $2,400.
But if $2,312 gives way, things will start to look different, and bears will pick up momentum as bulls pull back.
In that case, $2,173 will be the next spot to watch.
Dropping from $2,312 to $2,173 will be a 6% slide, which is pretty standard after a strong rally; it is not something wild or out of the ordinary. It’s a realistic scenario if support breaks.
If buyers can push the price above $2,416 and keep it there, that recent rejection fades away, and a rally starts to look more real.
The short-term picture looks a bit bearish, although we’re not seeing panic selling yet; just uncertainty.
Everything boils down to the $2,312 support level. If buyers hold it, there’s a chance for another run at resistance. If not, a 6% drop is on the table.
‘Criticise Palantir, lose your job’, NHS staff told
Bayern Munich vs Real Madrid UCL QF 2nd leg live match time and streaming | Football News
Spotify is selling books now
Why Israel is blocking foreign journalists from entering
Bitcoin: We’re Entering The Most Dangerous Phase
Alan Cumming Brands Baftas Ceremony A ‘Triggering S**tshow’
XRP JUST IN!! ELON MUSK BLOCKING CRYPTO?! TRUMP GIVES HIS FINAL WARNING TO IRAN!
5,000 XRP is More Powerful Than You Think || XRP NEWS TODAY
7 Habits That Stop Money From Coming | Break These Financial Mistakes#motivation#viral#shorts
-
Politics5 days agoUS brings back mandatory military draft registration
-
Sports5 days agoMan United discover Nico Schlotterbeck transfer fee as defender reaches Dortmund agreement
-
Fashion5 days agoWeekend Open Thread: Veronica Beard
-
Politics5 days agoMalcolm In The Middle OG Turned Down ‘Buckets Of Money’ To Appear In Reboot
-
Politics3 days agoWorld Cup exit makes Italy enter crisis mode
-
Crypto World6 days agoCanary Capital Files SEC Registration for PEPE ETF
-
Business5 days agoTesla Model Y Tops China Auto Sales in March 2026 With 39,827 Registrations, Beating Cheaper EVs and Gas Cars
-
Crypto World2 days agoThe SEC Conditionalises DeFi Platforms to Be Avoided for Broker Registration
-
Crypto World2 days agoSEC Signals Exemption for Crypto Interfaces From Broker Registration
-
News Videos7 hours agoSecure crypto trading starts with an FIU-registered
-
NewsBeat3 days agoPep Guardiola and Gary Neville agree over Arsenal title problem that benefits Man City
-
Business5 days agoOpenAI Halts Stargate UK Data Centre Project Over Energy Costs and Copyright Row
-
Business4 days agoIreland Fuel Protests Enter Day 5 as Blockades Spark Shortages and Government Prepares Support Package
-
Politics5 days agoLBC Presenter Mocks Trump Over Iran War Failures
-
Crypto World5 days agoFederal judge blocks Arizona from bringing criminal charges against Kalshi
-
NewsBeat3 days agoJD Vance announces ‘no agreement’ with Iran over nuclear weapons fear
-
NewsBeat1 day agoTrump and Pope Leo: Behind their disagreement over Iran war
-
Tech6 days agoA version of Windows 10 released a decade ago is now eligible for additional security patches
-
Crypto World1 day agoSEC Proposes Certain Crypto Interfaces Don’t Need to Register as Brokers
-
Business5 days agoIMF retains floor for precautionary balances at SDR 20 billion
You must be logged in to post a comment Login