forex

Bitget officially launched the CFD copy trading feature today, expanding copy trading services to the forex, gold, crude oil, and stock index markets. Against the backdrop of increasing global macro volatility and the rising demand for cross-asset allocation among crypto users, Bitget's CFD business has recently seen a single-day trading volume exceeding $6 billion. This new feature utilizes the platform's mature copy trading framework, allowing users to follow professional traders' strategies with a minimum of only 50 USDT, further lowering the threshold for ordinary users to participate in traditional financial markets.On the product level, CFD copy trading is deeply integrated with the MT5 infrastructure, with account opening and withdrawal processes fully automated, keeping the overall time within 3 seconds. In terms of mechanisms, Bitget adopts a High Water Mark (HWM) profit-sharing rule, sharing profits only on the newly generated profits of the copy traders, ensuring fair and transparent profit distribution, with eligible traders able to receive up to a 30% profit-sharing ratio. Core data is updated hourly, and profits are settled daily, further ensuring the overall execution's transparency and traceability.Bitget CEO Gracy Chen stated: "Copy trading lowers the execution threshold, allowing more users to participate in global macro asset allocation. CFD copy trading is part of Bitget's UEX strategy, relying on a unified account and USDT margin system, enabling users to seamlessly trade various assets such as crypto, forex, commodities, and stock indices on the same platform."

Foreign exchange trading startup XFX, which supports stablecoin trading, has completed a $17 million financing round, led by Castle Island Ventures, with participation from Haun Ventures and Coinbase Ventures.Santiago Alvarado, co-founder and CEO of XFX, declined to disclose the valuation of the company in this financing round. It is reported that XFX currently allows customers to exchange between stablecoins and also permits the exchange of three fiat currencies: US dollars, Mexican pesos, and Colombian pesos.

According to Jinshi reports, the USD/CHF reached 0.79, with an intraday increase of 0.73%.

The conflict in the Middle East continues to escalate, with the closure of the Strait of Hormuz causing a 20% disruption in global oil supply. Coupled with multiple pressures such as rising market expectations for a Federal Reserve interest rate cut, geopolitical risk aversion has become the dominant theme in the market, with funds flowing into dollar assets in search of safety. According to data from the Gate platform, the USIDX (U.S. Dollar Index) reached a high of 99.001 USD in 24 hours, showing a high-level oscillating trend overall.Meanwhile, the performance of non-dollar currencies has significantly diverged. The euro and the pound are under pressure due to challenges from rising inflation expectations brought about by soaring energy prices, the yen's safe-haven properties continue to weaken, while the Canadian dollar remains relatively strong due to skyrocketing oil prices. Currently, Gate TradFi offers forex trading services covering 48 major currency pairs, with core currency pairs priced or settled in USD including EUR/USD (Euro/US Dollar), USD/JPY (US Dollar/Japanese Yen), GBP/USD (British Pound/US Dollar), USD/CHF (US Dollar/Swiss Franc), and USDCNH (US Dollar/Offshore Chinese Yuan).In addition, Gate TradFi has officially launched traditional financial asset contracts for difference (CFD) trading services covering metals, forex, indices, commodities, and some popular stocks, with related features now integrated into the Gate App and Web platform.

According to Jinshi News, the USD/CHF reached up to 0.78, with a daily increase of 1.39%.

According to Jinshi reports, based on the latest foreign exchange and interest rate sentiment survey by Bank of America, the market sentiment towards the US dollar in February has fallen to its most negative level in 14 years. Currently, short positions on the dollar have reached their highest level since January 2012.

According to Jinshi reports, the USD/JPY has risen above 153, with an intraday increase of 0.51%.

According to Jinshi News, the USD/CAD has broken through 1.39, with a daily increase of 0.11%.

According to Jinshi reports, the USD/JPY has broken through 158 for the first time since January 2025, with an intraday increase of 0.74%.

Bitget announces the official launch of TradFi, now open to global users. This section allows users to trade foreign exchange, precious metals, indices, and commodities using USDT. The first batch of launched assets covers a total of 79 trading categories across the aforementioned four major categories. This feature began a limited internal test in late December, with over 80,000 applications for the internal test and a cumulative trading volume exceeding 10 billion USD.The platform provides comprehensive guarantees in terms of liquidity, cost, leverage, and security. Relying on top-tier liquidity providers, Bitget can maintain a stable order book environment, avoiding hidden costs; it also supports leverage of up to 500 times, achieving higher trading efficiency in categories such as foreign exchange and gold. Compared to the cryptocurrency market, the transaction fees for TradFi products are more advantageous, with a minimum of just $0.09 per lot. Additionally, the platform operates under the regulatory framework of the Financial Services Commission (FSC), providing users with a fair, secure, and stable trading environment.Bitget CEO Gracy Chen stated, "Good birds choose their trees to perch on, and capital seeks profit. Today's traders are no longer limited to a single investment track. The mission of a trading platform is to break down boundaries and make the crossing and circulation of assets safer and more efficient. The launch of TradFi is an important part of Bitget UEX (Universal Exchange) plan, granting users flexibility on the same platform and eliminating barriers to cross-market trading."

According to Jinshi News, the USD/CAD has fallen below 1.37, with a daily decline of 0.33%.

According to Jinshi reports, the USD/JPY fell 0.6% during the day to 154.85, hitting a new low since December 5.

According to Jinshi reports, the USD/JPY fell 0.4% to 154.65, hitting a new low since November 17.

According to Jinshi reports, the US Dollar Index DXY fell slightly today. Danske Bank analyst Jesper Fjarstedt stated that the recovery of US employment data releases may exacerbate short-term foreign exchange volatility, especially as multiple employment reports before the December Federal Reserve meeting could trigger significant market fluctuations. If the Federal Reserve maintains interest rates in December, the dollar will strengthen by the end of the year.

Circle announced the launch of two new products based on its Arc blockchain (which is set to launch its mainnet in 2026): Circle StableFX and Circle Partner Stablecoins.Circle StableFX is an institutional-grade, stablecoin-based foreign exchange (FX) engine that is currently available on the Arc public testnet. It allows institutions to trade selected stablecoin currency pairs 24/7 at competitive prices, reducing counterparty risk and enabling on-chain settlement through an RFQ (Request for Quote) execution method. The Circle Partner Stablecoins initiative aims to support selected regional stablecoin issuers in deploying their non-USD stablecoins on Arc. The first partners include Avenia (BRLA), Busan Digital Asset Custody Services (KRW1), Coins.ph (PHPC), among others, covering multiple currencies such as the Brazilian Real, Korean Won, and Philippine Peso. Circle stated that StableFX, Partner Stablecoins, and Arc together form a unified stack that connects global currencies on-chain, aiming to elevate foreign exchange settlement from T+1 to real-time settlement, promoting more efficient global currency flows.

According to Jinshi, the USD/JPY has risen above 155 for the first time since February, with an intraday increase of 0.55%.

ChainCatcher news, according to Bloomberg, former FTX US president Brett Harrison plans to launch a Perp DEX trading platform focused on stocks and foreign exchange.His software startup Architect Financial Technologies aims to provide access to such contracts for foreign exchange, interest rates, individual stocks, stock indices, metals, energy, and other commodities. It has currently received approval from the Bermuda Monetary Authority to operate its new trading platform through a regulated entity.

ChainCatcher news, according to Jinshi reports, the USD/JPY exchange rate has risen, increasing by 0.8% to a one-week high of 151.95.

ChainCatcher news, according to Jinshi reports, the USD/CHF has risen to 0.8, with a daily increase of 0.67%.

ChainCatcher news, according to Jinshi reports, the USD/CAD has broken through 1.39, with an intraday increase of 0.47%.