2022 was a year of unprecedented changes and struggles in the financial markets. For the international broker OctaFX, it was a year full of hard work that helped achieve several significant milestones and make investing more accessible for many people around the world. Here's what 2022 was all about for the broker.

Crypto trading seven days a week

Mercurity Fintech Holding Inc. (the “Company,” “we,” “us,” “our company,” or “MFH”), a digital fintech group powered by blockchain technology, today announced that on December 23, 2022, in connection with its private investment in public equity financing (the “PIPE”), it entered into a Securities Purchase Agreement (the “SPA”) with an accredited non-U.S.

Digital Asset Research (DAR), an industry-leader in cryptocurrency exchange vetting, today announced five best practice areas that institutions should consider when conducting diligence on crypto exchange platforms. Since 2017, DAR has completed quarterly reviews of 450+ crypto exchanges to identify venues that meet institutional standards, with the latest evaluation qualifying 19 Vetted Exchanges and 9 Watchlist Exchanges.

Zurich, 26 January 2022 – Today, UBS and Wealthfront, an industry-leading, automated wealth management provider serving the next generation of investors, signed an agreement whereby UBS would acquire Wealthfront in an all-cash transaction valued at $1.4 billion. Through this acquisition, UBS will accelerate its growth ambitions in the US, broaden the firm’s reach among affluent investors and expand its distribution and capabilities.

SoFi Technologies Inc. is buying Technisys SA for $1.1 billion, the latest in a series of mergers to make the lender a one-stop financial shop. 

The all-stock acquisition represents 10% of SoFi's market value. SoFi now owns its core-banking platform, which powers mobile banking apps, opens accounts, and tracks consumer deposits. 

Chime confirmed it is firing 12% of its staff. This makes a total of 160 individuals. Britt and co-founder Ryan King are recalibrating marketing budget, reducing contractors, altering workspace demands, and renegotiating vendor contracts, according to the memo. 

Opendoor announced 18% layoffs. About 500 employees. Opendoor co-founder and CEO Eric Wu called their publicly traded real estate fintech "one of the most challenging real estate markets in 40 years." 

An impartial party determines a 409A, which affects Stripe's common shares. If Stripe goes public, their preferred shares will be changed into common shares, devaluing their holdings. 

Stripe's current valuation is $74bn, down from $95bn, with an internal share price of $29. On 30 June, the payments processor emailed its share drop. 

Stripe follows several major fintech startups that have suffered severe devaluations since 2022. Klarna, a popular BNPL provider, closed a $800m investment round at a $6.7bn valuation, a sharp drop from its $46bn valuation last year. 

CellPay, a leading telecommunications company that provides services through its telco and bill payment platform, and MoneyGram International, Inc., a global leader in the ev

Payworld, one of Bharat’s leading fintech platforms is on a mission to bridge the Digital Financial Divide between India & Bharat. In the year 2022, Payworld crossed the milestone mark of being associated with one million retailers across Bharat, who are now serving their communities in semi-urban, rural, and underbanked communities in urban India.

Onramp.money, a major payments service provider for crypto players in India, has announced an integration with Jump.trade, a leading NFT marketplace in Asia. Via onramp.money, users on the platform will now be able to purchase and trade non-fungible assets and digital collectables using INR, simplifying the process of onboarding the untapped masses onto Web 3.0.