The companies, products and regulatory developments shaping the broker industry.
An earnings reconstruction separates customer growth from monetisation: contribution per reported period-end funded account fell to about $42, while crypto revenue, related costs and derivatives explain much of the decline.
Schwab Crypto now lists five tokens at a disclosed 0.75% trade charge; the bank-affiliate product is not FDIC-insured or SIPC-protected.
The conglomerate’s first-half growth came from financial services and investment economics, not current crypto profitability.
The interim accounts show a sharp crypto contraction, a new neobanking segment still short of material operating profit, and dividends plus treasury-share purchases equal to 108.7% of half-year earnings.
US commissionable orders rose while Coincheck exchange turnover declined. In Japan, near-flat monthly value concealed more daily executions at smaller average trade sizes.
The regulator’s 29 October notice identifies eight .it domains offering unauthorised crypto services. Internet providers may need several days to implement the blocks.