Crypto Breaking

Kraken has expanded its institutional reach by linking its over-the-counter (OTC) desk to ICE Chat, Intercontinental Exchange’s real-time messaging platform used by banks and trading desks. Announced February 17, 2026, the arrangement makes Kraken the first cryptocurrency platform to be approved for ICE Chat, enabling quote requests and negotiations to flow directly within a system that aggregates more than 120,000 market participants. The move positions Kraken’s liquidity alongside traditional assets across a familiar workflow, signaling a broader push to incorporate digital assets into mainstream financial-market infrastructure. The OTC desk at Kraken handles large block trades in crypto spot and options, and the partnership with ICE is expected to evolve as institutions look for deeper, more integrated access to crypto liquidity.

Key takeaways

Kraken’s OTC desk is now integrated with ICE Chat, enabling institutional traders to access Kraken’s crypto liquidity directly through a widely used messaging platform.

ICE Chat connects more than 120,000 market participants, including banks, brokers, and trading desks, allowing real-time deal negotiation within established workflows.

Kraken is the first crypto platform approved to connect to ICE Chat, situating digital asset liquidity alongside traditional asset classes.

The integration is expected to expand over time, reflecting broader efforts to embed digital asset trading into traditional financial-market infrastructure.

ICE’s broader crypto initiatives include on-chain data collaborations, large-scale investments in crypto markets, and potential partnerships with wallet and payments providers, signaling a more integrated financial ecosystem.

Market context: Link the story to broader crypto conditions (liquidity, risk sentiment, regulation, ETF flows, macro, or sector trends) WITHOUT inventing facts.

Why it matters

The Kraken-ICE Chat linkage marks a notable step toward deeper institutional access to crypto liquidity. By enabling quote requests and negotiations to occur within ICE’s established messaging network, hedge funds, asset managers, and banks can integrate crypto trading into their existing workflows without resorting to separate channels or processes. The arrangement reduces friction for large crypto block trades, a key consideration for participants handling significant volumes in both spot and options markets. In practical terms, traders can coordinate, price, and settle trades within a single, familiar interface, potentially improving execution efficiency and speed while preserving governance and compliance controls.

The move also highlights ICE’s broader strategy to bring digital assets into mainstream capital-markets infrastructure. ICE operates ICE Chat, the New York Stock Exchange, and a suite of data, clearing, and technology services. Its push into crypto markets aligns with the industry-wide trend of bridging traditional finance with digital assets, leveraging established market infrastructure to widen participation and liquidity. In recent months, ICE has pursued a series of crypto-related initiatives, including a collaboration with Chainlink to pull FX and precious metals data on-chain, substantial investments in crypto-native ventures, and explorations into crypto payments capabilities. These steps underscore a broader ambition to weave crypto more deeply into the fabric of conventional trading and risk management.

The partnership comes amid a wider set of tokenization and on-ramp developments across major exchanges. Nasdaq has signaled a willingness to explore tokenized equities through regulatory channels, while the NYSE has discussed plans to operate a 24/7 trading platform for tokenized stocks and ETFs, integrating traditional post-trade settlement with blockchain-based processes. These efforts reflect a synchronous push from traditional venues toward digitized asset classes, where liquidity, transparency, and execution efficiency are often cited as critical advantages. The ecosystem is evolving rapidly, with market participants watching how these initiatives will interact with evolving regulatory standards and the pace of adoption by institutional users.

The timing of Kraken’s announcement overlaps with other notable industry moves. Earlier in the year, Kraken pledged to support a government-backed initiative to create “Trump Accounts,” a savings program for Americans under 18—an effort that reflects the broader intersection of crypto policy and retail-facing programs. This backdrop illustrates how crypto firms are navigating public policy while expanding their institutional capabilities, seeking to demonstrate value beyond consumer-focused products and toward core market infrastructure.

Why it matters (continued)

The integration could help amplify liquidity for large crypto trades by tapping into ICE’s global network, potentially reducing spreads and improving price discovery for institutional participants. It also signals to regulators and incumbents that crypto liquidity can be treated as part of the same market ecosystem that handles equities, bonds, and other traditional asset classes. For Kraken, the collaboration with ICE Chat may expand its reach among asset managers who prefer operating within standardized, risk-managed environments—furthering the normalization of digital assets within regulated financial marketplaces.

What to watch next

Expansion updates: Follow announcements about extending ICE Chat access to additional Kraken clients and other Kraken desks or counterparties.

Broader ICE crypto initiatives: Monitor developments tied to ICE’s data services, on-chain integrations, and potential partnerships in payments or custody.

Tokenization momentum: Track regulatory progress and product launches related to tokenized stocks and ETFs at Nasdaq and NYSE, which could influence liquidity and settlement paradigms.

Data and settlement enhancements: Look for updates on ICE’s Consolidated Feed and how it interoperates with on-chain data streams and DeFi-native pricing mechanisms.

Sources & verification

Kraken Integrates with ICE Chat to Expand Institutional OTC Access — Business Wire press release (official announcement of the integration).

ICE Chat and Market Participation — ICE corporate communications outlining the platform’s reach beyond traditional markets.

Chainlink and ICE Forge On-Chain Data Collaboration — Cointelegraph coverage detailing ICE’s data-on-chain initiative.

ICE Invests in Polymarket — Cointelegraph reporting on ICE’s $2 billion investment and the valuation context.

Nasdaq and NYSE tokenization efforts — Cointelegraph coverage of Nasdaq’s tokenized-stocks push and NYSE’s plans for 24/7 tokenized-trading platform.

What the announcement changes

The Kraken-ICE Chat integration represents a concrete step in the ongoing evolution of institutional crypto access. By embedding Kraken’s liquidity within ICE’s established communications platform, the move lowers barriers for large-scale crypto trading and aligns digital asset execution with the workflows many institutions already use for other asset classes. The collaboration reinforces the idea that cryptos are not merely retail instruments but elements of a broader, interconnected market infrastructure that includes data, clearing, risk management, and settlement. As the ecosystem expands, institutions may increasingly rely on a combination of on-chain data, centralized exchanges, and OTC desks to manage exposure, price risk, and execution efficiency across diverse crypto products.

What to watch next

Monitoring quarterly updates from Kraken and ICE for new client onboarding and expanded platform access.

Regulatory developments affecting crypto-asset trading infrastructure and tokenized securities, including any policy shifts impacting tokenization and cross-market liquidity.

Progress on ICE’s partnerships with data providers and on-chain data feeds, and how these integrations affect price discovery and risk management.

This article was originally published as Kraken Joins ICE Chat to Boost Institutional OTC Access on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

MicroStrategy, obecnie znana jako Strategy (NASDAQ: MSTR), zwiększyła swoje posiadania Bitcoinów w zeszłym tygodniu w obliczu ciągłych wyzwań rynkowych. Firma kupiła 2,486 Bitcoinów, zwiększając swoje posiadania do ponad 717,000 monet. Ten zakup, wyceniony na prawie 50 miliardów dolarów, odzwierciedla niezłomne zaangażowanie Strategy w Bitcoina, pomimo niedźwiedziej sytuacji rynkowej.

W zeszłym tygodniu Strategy kupiła 2,486 Bitcoinów, wydając 168 milionów dolarów. Dzięki temu ostatniemu nabyciu, jej zapasy Bitcoinów teraz przekraczają 717,000 monet. Ten zakup nastąpił, gdy firma kontynuowała wykorzystanie sprzedaży swoich akcji do finansowania zakupów Bitcoinów, co powodowało rozwodnienie udziałów akcjonariuszy.

Key Insights:

Binance whale inflow ratio surged, showing growing dominance of large BTC transactions.

Bitcoin’s 22% YTD decline has pushed sentiment into extreme fear territory.

Falling stablecoin liquidity makes whale moves more influential on price action.

Market Weakness Deepens Across Crypto

The larger crypto market is still under intense pressure with Binance registering a massive increase in whale activity. Bitcoin is trading around $68,000, dropping over 22% in the year, the lowest first-quarter performance since 2018.

The month of January ended with a sharp loss of 10% and February has been unable to provide relief yet. This decline is reflected in investor sentiment, where the Crypto Fear & Greed Index is solidly in the extreme fear zone. The range of $60,000 to $65,000 has been cited by analysts as one of the key support zones that might dictate the direction in the near future.

Whale Inflows on Binance Spike Suddenly

Despite bearish price action, on-chain data points to a notable shift in large-holder behavior. According to CryptoQuant, Binance’s whale inflow ratio jumped from 0.40 to 0.62 between February 2 and February 15, indicating that a large portion of exchange inflows is currently taken over by large holders.

A single large holder, known as the Hyperunit whale, allegedly transferred close to 10,000 BTC to Binance as the volatility increased. A number of other high-value transfers occurred in their turn, indicating that institutional-scale players are actively repositioning as prices get weaker.

Whale Inflow ratio surges on Binance amid market correction.

This correction is testing all types of investors, from retail participants to whales and even institutions.

According to the whale inflow ratio, we are seeing a clear surge in whale activity on Binance,… pic.twitter.com/TVJiUAWy1O

— Darkfost (@Darkfost_Coc) February 17, 2026

In the past, increasing numbers of whales may cause sell-side pressure. They can, however, reflect tactical actions in times when deep liquidity on the major exchanges becomes crucial.

Liquidity Tightens as Capital Pulls Back

Binance has seen declining stablecoin liquidity. The exchange has registered three consecutive months of negative netflows of stablecoins, with almost $3 billion leaving the platform this month. Since November, the total stablecoin reserves have been decreasing by nearly $9 billion.

This tightening of liquidity increases the effect of the whale movement since big transfers can more readily influence the short-term price action.

Selling Pressure or Strategic Accumulation?

The statistics provide a varied picture. The low liquidity and risk-off flows suggest caution, but the rise in whale activity implies that the large players are finding opportunities at these levels. It remains unclear whether this signals distribution, hedging, or silent accumulation.

This article was originally published as Binance Whale Inflows Surge as Bitcoin Tests Critical Support on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Nakamoto, the Bitcoin (CRYPTO: BTC) treasury company formerly known as KindlyMD, has signed definitive agreements to acquire BTC Inc and UTXO Management GP, advancing its plan to build a Bitcoin-native operating company. The move consolidates media, events and capital allocation under a single public vehicle as the company pivots away from its prior healthcare focus. The arrangement underscores a broader push to formalize Bitcoin-centric businesses within a listed framework, linking media properties, advisory services and asset management under one umbrella.

Key takeaways

The all-stock deal values the acquisition at roughly $107.3 million, calculated from a fixed $1.12 per share under Nakamoto’s call-option framework combined with Friday’s close around $0.2951.

BTC Inc and UTXO Management GP shareholders will receive 363,589,816 shares of Nakamoto common stock on a fully diluted basis, diluting existing holders given the price disparity with the current trading level.

The transaction leverages a Marketing Services Agreement that granted Nakamoto a right to acquire BTC Inc, which itself owned a call option to acquire UTXO, tying three entities together through a stock-based consideration.

Nakamoto’s balance sheet currently includes 5,398 BTC, a figure that places it ahead of several other public Bitcoin treasury holders and aligns with its expanded treasury strategy long in the works.

The deal follows a broader Bitcoin treasury pivot, built on the idea that media, advisory and asset-management services can be bundled under a public company dedicated to Bitcoin, even as the broader market faces volatility and downcycles.

Tickers mentioned: $BTC, $NAKA

Sentiment: Neutral

Price impact: Negative. The stock traded lower after the announcement as dilution concerns weighed on investors.

Market context: The deal arrives amid a testing phase for corporate treasury strategies in crypto markets. Bitcoin’s price has experienced a steep swing in recent quarters, with the asset retreating from previous peaks and testing investor appetite for Bitcoin-focused corporate moves. The broader market environment has underscored the tension between ambitious, asset-backed business plans and the need for actionable, near-term value delivery to shareholders.

Why it matters

The proposed acquisition acts as a strategic centripetal force for Nakamoto’s ambitions to create a Bitcoin-native operating ecosystem. By bringing BTC Inc, known for Bitcoin Magazine and The Bitcoin Conference, together with UTXO Management GP, which provides advisory services and connections to Bitcoin-focused capital, Nakamoto aims to streamline the decision-making and capital allocation process around Bitcoin. This consolidation could shorten the path from media coverage and thought leadership to real-world investment and capital deployment in the Bitcoin space.

From a portfolio perspective, Nakamoto’s 5,398 BTC on its balance sheet places the company among the more substantial publicly disclosed Bitcoin treasuries. The tally is frequently cited by market trackers such as BitcoinTreasuries.NET, which catalogs corporate bitcoin holdings and related disclosures. The combination of media influence, conference branding and asset-management capabilities under one roof positions Nakamoto to influence both public perception and practical investment flows around Bitcoin. The move follows a broader industry pattern where companies seek to align communications, investor relations and treasury management under a single corporate entity to maximize efficiency and visibility.

The background of the deal is also noteworthy: Nakamoto rebranded from KindlyMD after facing headwinds in its healthcare business, including a subpar share price performance that spurred a strategic repositioning toward Bitcoin. This pivot — from healthcare services to a Bitcoin-focused treasury and media strategy — illustrates how public markets reward clear alignment between asset exposure and governance, as well as a coherent long-term plan for capital allocation in an asset class that remains highly cyclical and sensitive to macro shifts.

In the context of the crypto downturn, where Bitcoin’s price has declined from peaks observed during the previous cycle, investors are closely watching how treasury-centric models can sustain growth and deliver cash flow in a public market setting. As Cointelegraph and other outlets have reported, treasury adoption and the formation of Bitcoin-focused public vehicles have faced pressure during periods of downturn, making the current deal a critical test case for the viability of a diversified, Bitcoin-centric public platform.

Related coverage has highlighted the interplay between Bitcoin media, events and investment vehicles as a potential accelerator for mainstream adoption, even as the sector contends with volatility and evolving regulatory scrutiny. The current transaction, with its all-stock consideration and fixed-price framework, emphasizes a willingness to prize strategic alignment and long-term value creation over near-term share-price parity.

What to watch next

Regulatory approvals and closing conditions for the acquisition of BTC Inc and UTXO Management GP, including any required shareholder votes.

Completion of the stock issuance: timing, share registrations and any subsequent adjustments to the fully diluted share count.

Performance of BTC Inc and UTXO assets under Nakamoto’s ownership, especially how BTC Inc’s media assets (Bitcoin Magazine) and conference operations scale within the public vehicle.

Monitoring Nakamoto’s treasury strategy as new corporate cash flows emerge from the consolidated platform and whether additional acquisitions or partnerships follow.

Sources & verification

Nakamoto Holdings announces definitive agreements to acquire BTC Inc and UTXO Management GP, with details of the all-stock consideration and call-option framework.

The Marketing Services Agreement (MSA) underlying the call option and acquisition structure, including the right to acquire BTC Inc and its implications for the deal’s valuation.

Nakamoto’s disclosed Bitcoin holdings (5,398 BTC) and the company’s public market status on Nasdaq under NAKA, as reflected in industry trackers and the company’s filings.

Bitcoin Inc’s role as the parent entity for Bitcoin Magazine and organizer of The Bitcoin Conference, and UTXO’s advisory relationship with 210k Capital.

BitcoinTreasuries.NET and publicly accessible market data pages showing Nakamoto’s position relative to other public Bitcoin treasury holders and the company’s market capitalization trends.

Key figures and next steps

Nakamoto broadens Bitcoin treasury play with all-stock acquisitions

Nakamoto’s latest pivot marks a concerted effort to transform a niche treasury strategy into a scalable, publicly traded platform. By acquiring BTC Inc, which operates Bitcoin Magazine and The Bitcoin Conference, and UTXO Management GP, which provides Bitcoin-focused advisory services, the company is positioning itself as a one-stop shop for Bitcoin media, events, strategy and asset management. The stock-based consideration, fixed at $1.12 per share, is substantial relative to the current trading price, underscoring a willingness to accept significant dilution to accelerate the consolidation of these assets under a single corporate umbrella. The resulting combined entity would have a diversified revenue stream spanning media properties, event-driven revenue and Bitcoin advisory and asset services, all tethered to the performance of the Bitcoin ecosystem itself. The size of the consideration — 363,589,816 shares on a fully diluted basis — reflects both the ambition of the deal and the complexity inherent in cross-entity stock swaps tied to a volatile asset class.

From a governance perspective, the transaction hinges on a stock-for-assets approach that aligns incentives with Nakamoto’s long-term growth strategy. The fact that Nakamoto’s stock trades on Nasdaq under NAKA, with a market capitalization around a few hundred million dollars, adds pressure to deliver tangible upside for investors beyond mere consolidation. The market’s initial reaction appeared negative, as indicated by a post-announcement decline in Nakamoto’s share price, a typical response when large pools of new shares enter the float. Yet the strategic logic remains: a public vehicle that can coordinate Bitcoin media reach, capital-formation activities and wallet-level treasury strategies may unlock synergies that are not as easily realized through standalone entities.

Historically, Nakamoto’s Bitcoin holdings have been a cornerstone of its narrative. With 5,398 BTC on its balance sheet, the company sits ahead of several peers in the public-treasury space, positioning it as a reference point for others evaluating whether to scale similar approaches. The integration of BTC Inc’s media empire and UTXO’s advisory reach could deepen liquidity for Bitcoin-focused assets and accelerate capital allocation to Bitcoin-related ventures, potentially smoothing the path for new fundraising or strategic partnerships.

As this process unfolds, observers will watch how the combined entity manages governance, treasury allocation, and the delivery of near-term earnings or cash flows that can validate the business model. The deal’s all-stock structure implies a forecast of growth fueled by equity rather than immediate cash, a choice that emphasizes confidence in long-run value creation but also invites closer scrutiny of dilution effects and ongoing capital discipline.

In summary, the acquisition represents a deliberate bet on the breadth of the Bitcoin ecosystem — media influence, conference-driven engagement, and advisory and asset-management services — converging in a single public platform. If executed thoughtfully, the new entity could become a template for how Bitcoin-centric businesses scale within public markets while maintaining alignment with the asset’s core network and community dynamics. The coming quarters will reveal whether the expected synergies translate into sustained shareholder value as Bitcoin’s market cycles continue to shape corporate strategy in this evolving sector.

This article was originally published as Nakamoto Eyes $107M All-Stock Buy: BTC Inc, UTXO on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

SOU NFT jako Dowód Roszczeń

System SOU oferuje dotkniętym użytkownikom token non-fungible (NFT) na łańcuchu, który śledzi wartość, którą są winni. Każdy SOU reprezentuje indywidualne roszczenie, zapisane bezpiecznie na blockchainie Ethereum. Użytkownicy mogą zobaczyć swoją kwotę główną, która maleje w miarę przetwarzania wypłat i darowizn. Przejrzystość tego systemu zapewnia, że wartość nie może być manipulowana, co zapewnia uczciwą metodę zarządzania roszczeniami.

SOU jest aktywne

Wprowadzamy SOU (Shib Owes You) jako NFT na łańcuchu, zbudowane w dobrej wierze, aby wspierać dotkniętych użytkowników w wypłatach, darowiznach i okazjonalnych nagrodach.

Dyrektor generalny Ripple, Brad Garlinghouse, wyraził pewność, że Ustawa CLARITY, przełomowy akt prawny dla branży kryptowalut, prawdopodobnie zostanie uchwalona do końca kwietnia.

Dyrektor generalny Ripple, Brad Garlinghouse, pozostaje optymistyczny co do Ustawy o Jasności, dając jej

80% szans na podpisanie do końca kwietnia.

Podczas gdy XRP ma swoją jasność prawną, reszta branży wciąż czeka. Postęp ponad doskonałość to cel.

pic.twitter.com/7DqQezE3U2

— 𝗕𝗮𝗻𝗸XRP (@BankXRP) 16 lutego 2026

Według Garlinghouse'a, istnieje teraz 80% szans na zatwierdzenie ustawy, szczególnie po kontynuowanych negocjacjach między bankami a firmami kryptowalutowymi. CEO wezwał branżę do przyjęcia kompromisu, sugerując, że czekanie na idealną ustawę może wstrzymać postęp.

StarkWare’s Starknet rozszerza swoje możliwości prywatności, integrując protokół Nightfall firmy EY, umożliwiając instytucjom realizację prywatnych płatności i działalności DeFi na publicznych torach zgodnych z Ethereum, z zachowaniem poufności obok audytowalności. W wydaniu we wtorek StarkWare określił ten krok jako most dla przedsiębiorstw, aby mogły korzystać z wspólnej, otwartej warstwy 2 zamiast izolowanych, tylko bankowych sieci, współpracując z firmą z Wielkiej Czwórki, która już audytuje wielu potencjalnych klientów. Nightfall—otwarta warstwa prywatności zero-knowledge firmy EY—pozwala na weryfikację transakcji bez ujawniania danych podstawowych, odblokowując prywatne płatności B2B i transgraniczne, poufne zarządzanie skarbem oraz transfery tokenizowanych aktywów na łańcuchu przez całą dobę. Wprowadzenie wydaje się być etapowe, koncentrując się na onboardingu z naciskiem na prywatność z selektywnym ujawnieniem dla regulatorów i audytorów.

Nota redakcyjna: W sektorze zdefiniowanym przez szybkie zmiany w kosztach energii i zapotrzebowaniu na obliczenia, HIVE Digital Technologies raportuje wyróżniający się kwartał, który podkreśla odporność swojego modelu z podwójnym silnikiem — stabilny wzrost hashrate Bitcoin obok dynamicznego rozwoju BUZZ AI HPC. Wyniki Q3, prowadzone przez rekordowe przychody w wysokości 93,1 miliona dolarów i marżę brutto w wysokości 32,1 miliona dolarów, odzwierciedlają zdyscyplinowane skalowanie w ramach infrastruktury zasilanej odnawialnymi źródłami energii oraz przyspieszającą strategię obliczeń AI. Rozszerzenie firmy w Paragwaju oraz inicjatywy chmurowe GPU ilustrują, w jaki sposób HIVE ustawia się na długoterminowy wzrost marż, powtarzalne przychody i dywersyfikację geograficzną.

Nota redakcyjna: W ruchu, który konsoliduje operacje oparte na Bitcoinie w zakresie mediów, zarządzania aktywami i usług doradczych, Nakamoto podpisuje ostateczne umowy na przejęcie BTC Inc i UTXO Management. Ogłoszenie przedstawia strategiczne zamiary, oczekiwane zamknięcie na początku 2026 roku oraz to, jak te integracje mogą przekształcić trajektorię wzrostu Nakamoto. Zespół redakcyjny będzie monitorować, jak połączona platforma rozszerza zasięg branży, dostęp dla inwestorów i możliwości skupione na Bitcoinie, gdy firma buduje swoją globalną markę.

Osobowość YouTube'a Logan Paul ponownie znalazł się na czołówkach gazet w kluczowym momencie dla świata kolekcjonerskich NFT, gdy karta Pikachu Illustrator oceniona przez PSA została sprzedana na aukcji za 16.492 milionów dolarów, ustanawiając nowy rekord dla jakiejkolwiek karty sprzedanej na publicznej sprzedaży. Sprzedaż, przeprowadzona przez Goldin Co, ukoronowała AJ Scaramucci - syna finansisty Anthony'ego Scaramucci - jako zwycięskiego licytatora, triumfując nad polem, które obejmowało kilka ofert siedmiocyfrowych i ośmiocyfrowych. Paul pierwotnie nabył kartę w lipcu 2021 roku za około 5.3 miliona dolarów, a najnowsza aukcja przyniosła mu znaczny zysk po opłatach. Rekord został uczczony przez niektórych, ale ponownie otworzył dyskusję na temat ryzyk i niuansów tokenizacji własności w rzadkich kolekcjonerskich przedmiotach.

Editor’s note: In a milestone year for the company, eToro’s public results reflect a strategic pivot to a global, AI-enabled investing platform with a growing multi-asset offering. The press release below provides the official quarterly and full-year numbers, while this editorial note highlights the broader implications for users, investors, and the evolving financial landscape. As eToro expands access to markets, introduces AI-powered tools, and moves toward on-chain capabilities, readers can gauge how the platform aims to empower a new generation of investors across regions and asset classes.

Key points

Full-year 2025: Net Contribution up 10% to $868 million; GAAP Net Income up 12% to $216 million; Non-GAAP Adjusted Net Income up 10% to $251 million; Adjusted EBITDA up 4% to $317 million; Adjusted Diluted EPS of $2.64.

Q4 2025: Net Contribution down 10% to $227 million; GAAP Net Income up 16% to $69 million; Non-GAAP Adjusted Net Income up 6% to $70 million; Adjusted EBITDA down 19% to $87 million; Funded Accounts rose to 3.81 million; AUA grew to $18.5 billion; cash and equivalents at $1.3 billion.

January 2026 KPIs show continued activity across capital markets, crypto, and money transfers, signaling ongoing platform utilization and growth momentum.

Strategic focus areas include AI adoption, 24/7 access for select assets, and app ecosystem expansion ahead of the eToro App Store launch.

Why this matters

eToro’s results underscore a transition to a multi-asset, digital-first investing platform that leverages AI and on-chain capabilities to broaden access, personalization, and cross-border reach. With a stronger balance sheet, diversified revenue streams, and ongoing product innovation, eToro is positioned to capture long-term growth opportunities while expanding services for retail and professional users worldwide.

What to watch next

Rollout of 24/7 access to select assets with plans to expand across asset classes.

Launch of several apps ahead of the eToro App Store, enabling investor builders to publish and share tools.

Ongoing share repurchase activity and potential accelerated programs as part of capital allocation strategy.

Disclosure: The content below is a press release provided by the company/PR representative. It is published for informational purposes.

eToro Reports Fourth Quarter and Full Year 2025 Results

UAE, Abu Dhabi, February 17, 2026 – eToro Group Ltd. ( NASDAQ: ETOR ), the trading and investing platform, today announced financial results for the fourth quarter and full year 2025 which ended December 31, 2025.

Yoni Assia, CEO of eToro

“This was a milestone year for eToro,” said Yoni Assia, CEO of eToro. “We became a publicly traded company and significantly advanced the build-out of our global financial super-app. In 2025, we accelerated product innovation and AI adoption, expanded access to global markets, broadened and localized our offering, and strengthened eToro’s footprint around the world. We are operating at a pivotal moment for financial services. Artificial intelligence and progress towards on-chain market infrastructure are reshaping how people invest and interact with markets and eToro is uniquely positioned to capture this opportunity. Through our public APIs and suite of AI-powered tools, users and partners can build, share, and scale strategies and tools, as part of a growing ecosystem. We are launching a number of apps ahead of the roll out of the eToro App Store, bringing enhanced capabilities to our retail audience. In parallel, we are positioning eToro for a financial system that is increasingly moving on-chain. With our long-standing leadership in crypto and tokenization, we are well placed to help shape this transition. This quarter, we are introducing 24/7 access to select popular assets with plans to expand around-the-clock access across asset classes. Our focus remains on empowering users through a simple, transparent, and digital-first investing experience, while positioning eToro to serve the next generation of investors at every stage of their journey. We are uniquely positioned as both a natively crypto company and a global equities trading platform. We look forward to capturing the many long-term growth opportunities ahead for the benefit of our users, shareholders, and partners.”

Meron Shani, CFO of eToro, said: “Our fourth quarter results reflect the strength and resilience of our mult-asset business model. We delivered compelling financial performance through a combination of diversified revenue streams, healthy funded accounts growth, and disciplined financial management. Furthermore, we are off to a strong start to 2026 with our January capital markets KPIs demonstrating the ability of our platform to adapt and perform across all different market conditions, including the recent spike in commodities trading. With our strong balance sheet and a clear execution roadmap, we believe that we are well positioned to deliver accelerated growth in 2026.”

Full year 2025 Financial Highlights1

Net Contribution increased by 10% year over year to $868 million, compared to $788 million in 2024.

Net Income (GAAP) increased 12% year over year to $216 million, compared to $192 million in 2024.

Adjusted Net Income (Non-GAAP) increased 10% to $251 million, compared to $228 million in 2024.

Adjusted EBITDA (Non-GAAP) increased by 4% year over year to $317 million, compared to $304 million in 2024

Adjusted Diluted EPS (Non-GAAP) was $2.64, compared to $2.67 in 2024.

Fourth Quarter 2025 Financial Highlights2

Net Contribution decreased by 10% year over year to $227 million, compared to $253 million in the fourth quarter of 2024.

Net Income (GAAP) increased 16% year over year to $69 million, compared to $59 million in the fourth quarter of 2024.

Adjusted Net Income (Non-GAAP) increased 6% year over year to $70 million, compared to $67 million in the fourth quarter of 2024.

Adjusted EBITDA (Non-GAAP) decreased by 19% year over year to $87 million, compared to $108 million in the fourth quarter of 2024

Adjusted Diluted EPS (Non-GAAP) was $0.71, compared to $0.79 in the fourth quarter of 2024.

Funded Accounts increased 9% year over year to 3.81 million compared to 3.48 million in the fourth quarter of 2024.

Assets Under Administration (AUA) grew by 11% year over year to $18.5 billion, compared to $16.6 billion in the fourth quarter of 2024.

Cash, Cash Equivalents and Short-Term Investments were $1.3 billion as of December 31, 2025.

January KPI metrics3

eToro also reported the below selected monthly business metrics for January 2026:

Assets under Administration (AUA) were $18.4 billion, up 2% year-over-year.

Funded accounts were 3.85 million, up 9% year-over-year.

Capital Markets/ECC Activity

Total number of trades for January was 74 million, up 55% year-over-year;

Invested amount per trade for January was $252, up 8% year-over-year;

Crypto Activity

Total number of trades for January was 4 million, down 50% year-over-year;

Invested amount per trade for January was $182, down 34% year-over-year;

Interest Earning Assets for January was $7.7 billion, up 17% year-over-year.

Total Money Transfers for January was $1.8 billion, up 68% year-over-year.

Business Highlights

eToro is demonstrating strong progress across its four product pillars driven by continued product innovation, localization, and strategic partnerships.

Trading: eToro expanded access to global markets while advancing toward always-on trading. With the addition of equities listed on the Abu Dhabi Securities Exchange, Hong Kong Stock Exchange, and across the Nordics, eToro now offers access to equities from 25 stock exchanges. The Company grew its crypto offering to more than 150 cryptoassets, including an expanded range of more than 100 cryptoassets for US users. eToro also broadened derivatives access, expanding its futures offering across Europe and launching futures and options in the UK. It has also begun the roll out of stock margin trading, where eligible users can access leveraged exposure to U.S. equities. In 2025, eToro expanded 24/5 trading to all S&P 500 and NASDAQ 100 stocks, and in Q1, the Company is introducing 24/7 access to a select number of popular assets with plans to expand this across asset classes.

Investing: eToro strengthened its investing proposition by expanding access to intelligent, long-term investment solutions. The Company launched Tori, its AI Analyst, and through its public APIs and suite of AI-powered tools, users and partners can build, share, and scale strategies and tools, creating a growing ecosystem. This quarter, eToro is introducing a number of apps ahead of the launch of the eToro App Store, where ‘investor builders’ and partners can publish and share their apps with millions of eToro users globally. eToro continued to expand its range of Smart Portfolios including launching portfolios with Franklin Templeton, WisdomTree, ARK Invest and Amundi. The launch of Alpha Portfolios provides retail investors with access to quantitative, data driven strategies leveraging eToro’s data for the benefit of our customers. Having pioneered social investing, users can follow, copy, and engage with over 5,000 members of eToro’s Pro Investor Program, with Copy Trading now also launched in the US. During 2025, eToro introduced securities lending in the UK, Europe and the UAE, as well as expanding its staking program to help users access passive yield generating opportunities. eToro launched the eToro Club Subscription providing access to premium investing tools, financial perks and dedicated support.

Wealth Management: eToro continued to scale its long-term savings solutions in 2025. The Company partnered with Generali to provide French users with access to long-term, tax advantaged retirement (PER) and life insurance products. eToro also expanded its ISA offering in the UK with the addition of a self-directed stocks and shares ISA and a cash ISA. The AuA in eToro’s UK ISA products grew by 7x from Q4 2024 to Q4 2025. Assets under administration in our Australian savings products grew 44% between 2023 and 2025, supported by strong momentum following the launch of our superannuation offering.

Neo-Banking: During 2025, eToro accelerated the localization of its money management experience. The expansion of local bank accounts to more countries and the continued roll out of the debit card across Europe resulted in eToro Money’s transaction volume increasing 6.5x year-over-year. eToro Money ended the year with 1.87 million accounts. eToro Money, including eToro’s crypto wallet, is now fully integrated into the eToro app and provides seamless crypto transfers including 1% stock-back rewards on eligible crypto transfers.

Partnerships: eToro announced a multi-year partnership with BWT Alpine Formula 1 extending the business’ global brand presence and engagement with a fast-growing, international audience. eToro also entered into a partnership with Gemini Space Station Inc to support the migration of their customers from the UK, Europe and Australia onto the eToro platform, reinforcing its position as a leading, global, multi-asset broker.

Share Repurchase Program
eToro today announced that its Board of Directors has approved a $100 million increase to its existing share repurchase program. The program previously authorized $150 million, of which $100 million has already been used, leaving $50 million remaining. Following the increase, total remaining authorization is $150 million. Such repurchases may be made through a variety of methods, including through open market transactions (including through Rule 10b5-1 plans), privately negotiated transactions, block trades and by way of an accelerated share repurchase program. Additionally, subject to market and other conditions, the Company intends to enter into an Accelerated Share Repurchase (“ASR”) agreement to repurchase approximately $50 million of its common shares under the new authorization. This authorization reflects the Company’s confidence in its long-term strategy and growth prospects, financial strength, and commitment to deliver shareholder value. eToro believes that its current share price does not fully reflect the Company’s fundamental value, and that repurchasing shares represents a prudent allocation of capital. The program also provides additional flexibility to support potential future strategic initiatives, including mergers and acquisitions, where eToro shares could serve as an effective transaction currency. The actual timing, number, manner and value of any shares repurchased will depend on several factors, including the market price of our shares, general market and economic conditions, our liquidity requirements, applicable legal requirements and other business considerations. The authorization does not expire.

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 center here for our latest news.

This article was originally published as eToro Releases Q4 and Full-Year 2025 Financial Results on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Nota redakcyjna: Następująca aktualizacja oznacza ekspansję TrafficGuard na rynek Stanów Zjednoczonych, kamień milowy, który podkreśla rosnące znaczenie niezależnej weryfikacji reklam w szybko rozwijającym się krajobrazie reklamy cyfrowej. W miarę jak marki coraz bardziej polegają na kampaniach opartych na AI, potrzeba przejrzystości jakości ruchu, wiarygodnych pomiarów i proaktywnej zapobiegania oszustwom nigdy nie była wyższa. Niniejszy przegląd redakcyjny dostarcza kontekstu dla ruchu TrafficGuard w USA, zgodności kierownictwa w Nowym Jorku oraz strategicznych kroków podejmowanych w celu wsparcia reklamodawców, agencji i partnerów w całym regionie.

Editor’s note: As the payments landscape rapidly evolves, frontline collaborations between financial platforms and regional groups signal a shift toward faster, safer, and more transparent commerce. Gargash Group’s alliance with Adyen reflects a strategic pivot to unify payments across online, retail, and mobility channels, delivering smoother customer experiences while strengthening operational oversight. This post accompanies the formal press release to provide context on the partnership’s potential impact on efficiency, data integrity, and stakeholder value. It highlights how leading UAE enterprises are embracing fintech innovations to future-proof their businesses and empower teams to focus on higher-value work.

Key points

Adyen payment solution deployed at Sixt UAE, enabling seamless cross-channel transactions across online, in-store, and mobile.

Centralized transaction platform improves data quality, reporting, and reconciliation with enhanced control and audit capabilities.

Partnership supports Gargash Group’s digital transformation, including OpenAI for Enterprise and a retail audit platform.

Future expansion to additional Gargash business lines with further POS integration and process automation.

Why this matters

Gargash Group’s move signals a broader push in the UAE to modernize payments infrastructure, boost operational efficiency, and strengthen data-driven governance. By aligning with Adyen, the group seeks to deliver better customer experiences while enabling teams to work more effectively across channels.

What to watch next

Phased rollout of Adyen across more Gargash divisions and lines of business.

Deeper POS integrations to support pre-authorizations, fines, tolls, and refunds.

Ongoing governance, data integrity, and security enhancements across the payments platform.

Disclosure: The content below is a press release provided by the company/PR representative. It is published for informational purposes.

Gargash Group Partners with Adyen to Drive Next-Level Payment Innovation

February 17, 2026, Dubai, UAE: Taking a strategic step forward in its digital evolution, Gargash Group has partnered with Adyen, the global financial technology platform for leading businesses, to enhance its payment ecosystem. The partnership was officially announced during a signing ceremony held on February 11 at the Mercedes-Benz Brand Center in Dubai Design District, reinforcing Gargash Group’s commitment to adopting advanced technologies that elevate customer experience while empowering employees and partners.

As the first phase of this collaboration, Adyen’s payment solution has been successfully implemented at Sixt UAE, part of the Gargash Group portfolio. The new system delivers a seamless, secure, and frictionless payment experience across online, in-store, and mobile channels, supporting a wide range of transactions, including deposit payments, pre authorizations, chargebacks, refunds, fines, and toll payments, while providing complete control and oversight of all activities.

Since its implementation, the solution has achieved meaningful operational improvements. Staff now spend significantly less time on repetitive payment tasks, allowing them to focus on higher-value activities. The centralized platform provides a 360-degree view of transactions, improving data quality, reporting, and reconciliation accuracy, while enhanced control and audit capabilities increase transparency, security, and accountability.

This strategic partnership with Adyen marks a key milestone in Gargash Group’s ongoing digital transformation efforts. The group continues to invest in technology – from deploying OpenAI for Enterprise and introducing a cutting-edge retail audit platform, to expanding its enterprise-grade productivity and project management capabilities and hosting an AI hackathon for the local community. Together, these initiatives reflect a proactive approach to innovation and sustaining competitive advantage in an evolving market landscape.

Walid Hizaoui, Group Chief Strategy Officer at Gargash Group, said: “This partnership with Adyen reflects our broader digital transformation agenda, focused on driving operational efficiency through automation, stronger systems, and data integrity at scale. By investing in the right infrastructure, we are streamlining processes, enhancing accuracy, and building a connected ecosystem powered by reliable data. It is a deliberate step in advancing our AI and digital capabilities while reinforcing scalable, future-ready operations across the group”.

Daumantas Grigaravicius, Head of Middle East, Adyen, said: “In the automotive sector, payments are often high-value and operationally complex – from deposits and pre-authorizations to refunds and reconciliations. Gargash Group recognized the need for a more connected and transparent approach. By unifying these processes on a single platform, we’re helping reduce friction, improve control, and create a smoother experience for both customers and teams. This is about enabling innovation behind the scenes, so the buying journey feels seamless from start to finish.”

Building on this success, Gargash Group is evaluating the phased expansion of Adyen’s platform across additional business lines within the group. Future initiatives under consideration include enhanced POS integration to support pre-authorization payments, as well as greater automation of fines, toll processing, and reconciliation to further streamline operations and strengthen financial oversight.

With a strong focus on governance, sustainable partnerships, Emiratization, digital enablement, and community engagement, the Group continues to align its operations with the UAE’s broader sustainability and economic development goals. By embedding technology, efficiency, and social impact into its business strategy, Gargash Group is building a resilient, forward-looking enterprise designed to create lasting value for stakeholders and the wider community.

About Gargash Group

Established in 1918, Gargash Group is one of the UAE’s leading business enterprises. Today, the group comprises a family of internationally renowned brands operating across four verticals: automotive, real estate, financial services, and Food & Beverage. It is recognized for its global expertise and deep understanding of local markets, enabling the group to deliver integrated, innovative, and competitive services.
> The group has introduced leading global automotive brands into the UAE, including Mercedes-Benz, Alfa Romeo, GAC MOTOR, Ankai, SIXT Rent Car, SIXT Leasing & SIXT Limousine. Since 1998, Gargash Group’s financial services arm, Daman Investments, has provided advisory, asset management, brokerage, and wealth management services in the UAE. Gargash Real Estate develops and manages high-quality residential, commercial, and industrial properties across the country. The group also includes several leading brands in the Food & Beverage industry.

About Adyen

Adyen (ADYEN: AMS) is the financial technology platform of choice for leading companies. By providing end-to-end payments capabilities, data-driven insights, and financial products in a single global solution, Adyen helps businesses achieve their ambitions faster. With offices around the world, Adyen works with the likes of Meta, Uber, H&M, eBay, and Microsoft. The cooperation with Gargash Group as described in this merchant update underlines Adyen’s continuous growth with current and new merchants over the years.

This article was originally published as Gargash Group Partners with Adyen to Drive Payment Innovation on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Notatka redakcyjna: Crypto Breaking News dostarcza tę aktualizację na temat piaskownicy JoRegBox Jordana, ponieważ organy regulacyjne pogłębiają współpracę z fintechami i firmami zajmującymi się aktywami cyfrowymi. Fuze, wiodący dostawca infrastruktury dla aktywów wirtualnych, dołączył do regulowanej piaskownicy Jordana, co stanowi kamień milowy w programie Innowacji i Technologii Finansowych Królestwa. Ta ekspansja ilustruje, w jaki sposób regulowane ramy mogą przyspieszyć bezpieczne, zgodne usługi aktywów cyfrowych dla banków i fintechów, wspierając jednocześnie modernizację gospodarki. Poniższy komunikat prasowy szczegółowo opisuje wydarzenie, ceremonię i kontekst regulacyjny, który wspiera ten ruch w regionie Bliskiego Wschodu i Afryki.

Uwaga redakcyjna: rozszerzenie partnerstwa Deloitte z ServiceNow w Kuwejcie sygnalizuje ukierunkowane dążenie do przyspieszenia cyfrowej modernizacji rządu i sektora prywatnego na Bliskim Wschodzie. Ten krótki artykuł redakcyjny umiejscawia umowę w ramach regionalnej agendy wzrostu, podkreślając, jak oparte na sztucznej inteligencji przepływy pracy, lokalne zespoły dostawcze i programy skoncentrowane na sektorze mogą zwiększyć efektywność, usługi obywatelskie i rozwój gospodarczy. Gdy sektor publiczny i prywatny Kuwejtu przyjmuje inteligentne technologie, współpraca ma na celu dostarczenie praktycznej, lokalnie zakorzenionej transformacji opartej na globalnych najlepszych praktykach. Poniższa informacja prasowa szczegółowo opisuje ogłoszenie i jego przewidywany wpływ na rząd, usługi finansowe, energię i infrastrukturę.

Poland’s president Karol Nawrocki vetoed Bill 2064, the second attempt to domestically align the country’s crypto rules with the European Union’s Markets in Crypto-Assets Regulation framework, intensifying uncertainty as the MiCA transition deadline approaches. Nawrocki’s Thursday action follows an earlier veto of a closely related measure in December, with the president describing both bills as “practically identical” to prior attempts. The decision underscores a broader political split over how aggressively Poland should regulate digital assets, even as industry groups warn that the absence of a timely, domestically implemented MiCA framework could leave local actors and foreign operators at odds with the EU regime. The government, for its part, pointed to MiCA’s overarching framework and the need to prepare a coherent national path, but the veto leaves a regulatory gap lingering into the summer window.

Key takeaways

Poland’s president vetoed Bill 2064, marking the second MiCA-alignment attempt blocked by the executive and injecting renewed uncertainty ahead of the EU-wide transition.

The Polish Financial Supervision Authority (KNF) warned that Poland has not designated a competent authority to supervise the crypto market, highlighting a gap as the July 1, 2026 MiCA deadline nears.

Foreign MiCA-licensees will be able to operate in Poland, while Polish firms face an uncertain licensing path domestically, creating regulatory asymmetry that critics say favors non‑Polish entities.

Industry voices; Kanga Exchange and Zonda Crypto officials stress that they have prepared alternative jurisdictional strategies to continue operations, signaling a counter-play to uncertain domestic rules.

Polish economist Krzysztof Piech is reportedly drafting a crypto-friendly MiCA implementation bill, signaling ongoing legislative experimentation as the debate unfolds.

Tickers mentioned: $COIN

Sentiment: Neutral

Market context: The MiCA transition is unfolding across the EU, with a hard deadline of July 1, 2026. In Poland, the lack of a domestically enacted MiCA law has produced an uneven regulatory landscape relative to foreign players licensed under MiCA, potentially shaping market access and competitive dynamics as exchanges and fintechs plan their compliance pathways.

Why it matters

The veto spotlights a central tension in Poland’s crypto policy: how to reconcile domestic rules with a broad EU framework that aims to standardize oversight across member states. The KNF’s warning—that Poland has not designated a competent supervisory authority—adds urgency to this debate, because MiCA enforcement hinges on clear national governance. Without a designated authority, Polish platforms could confront delays or regulatory uncertainty that complicate onboarding processes for new products, licensing, and cross-border operations. The absence of a robust national regime also risks creating a regulatory mismatch with foreign firms that secure MiCA licenses outside Poland, then passport services back into the country.

Industry players have signaled they anticipated the possibility of delays and adapted accordingly. Sławek Zawadzki, co-CEO of Kanga Exchange, emphasized that the group had prepared alternative jurisdictional solutions from the outset, should Polish law fall behind the EU timetable. He stressed that this approach was preemptive rather than reactive, as regulatory clarity remained the ultimate objective. The sentiment inside the industry reflects a broader push to attract innovation while avoiding onerous rules that could curb growth. The situation also has implications for smaller Polish operators, some of whom may struggle if licensing avenues within Poland remain uncertain or blocked for an extended period.

Meanwhile, the debate has drawn political attention from figures who view the current drafts as too heavy-handed. Tomasz Mentzen has publicly criticized the proposed measures as excessive regulation that could stifle the sector, highlighting a political fault line over how to nurture crypto entrepreneurship while protecting consumers. In the wake of Nawrocki’s veto, some observers are pushing for a more crypto-friendly approach that retains EU alignment but tailors compliance to Poland’s market realities.

The broader EU context remains in focus. The MiCA framework aims to harmonize licensing, consumer protections, and market surveillance across member states, potentially enabling cross-border service provision and easier access for crypto firms willing to operate under EU rules. Yet the Polish episode illustrates how national prerogatives, industry interests, and regulatory sequencing can complicate the transition, particularly for domestic businesses that have long operated outside the European licensing regime. A foreign operator such as Coinbase, for instance, has already expanded operations in Poland after securing a MiCA license elsewhere in the EU, a move that underscores the regulatory asymmetry highlighted by Polish executives. Coinbase (EXCHANGE: COIN) is a notable example of how companies leverage EU licensing to access Polish markets, while domestic players seek a similar doorway that remains blocked by the absence of a Polish MiCA implementing law.

As the debate evolves, Piech’s reported draft could offer a path forward. The economist indicated on social media that a crypto-friendly MiCA implementation bill is in the final stages of preparation, signaling that policy makers are considering alternatives that could balance EU standards with domestic industry needs. The outcome will influence not only Polish exchanges but also the broader ecosystem of wallets, DeFi projects, and custody providers seeking regulatory clarity in Poland as they plan product launches and capital formation strategies.

In short, the veto does not end the MiCA adaptation conversation in Poland; it reframes the terms of the debate and compounds the incentives for faster, clearer, and more pragmatic regulation that can support innovation while maintaining consumer protections.

What to watch next

Dispatch of a new Polish MiCA proposal or revised framework from lawmakers in the coming months.

Any designation of a national competent authority for crypto market supervision and the associated implementing rules.

Actions by Polish exchanges and fintechs evaluating licensing pathways outside Poland, including passporting possibilities under MiCA.

Further public statements from KNF and the president’s office clarifying timelines and expectations for compliance.

Sources & verification

KNF announcement outlining the lack of a designated competent authority and MiCA deadlines.

Statement from President Nawrocki regarding the veto and his critique of the bills as “wrong law.”

Bill 2064 text and related Sejm records detailing the legislative path and prior vetoes (Bill 1424).

Reports on Coinbase expanding operations in Poland and securing a MiCA license in Luxembourg in 2025.

Public remarks from Kanga Exchange’s Sławek Zawadzki about alternative jurisdictional strategies and the impact on Polish firms.

Polish economist Krzysztof Piech’s discussion of a crypto-friendly MiCA implementation bill draft.

Poland’s MiCA standoff shapes a critical summer for crypto regulation

The ongoing impasse surrounding Poland’s implementation of MiCA illustrates how national political dynamics can slow the adoption of a unified EU regime. Nawrocki’s veto signals a preference for tightly scoped, industry-friendly regulations that avoid overburdening participants in Poland’s crypto market, even as EU-wide transitions press ahead. The KNF’s warning about the absence of a designated supervisory body crystallizes the operational risk for exchanges that must navigate both Polish expectations and EU-level standards. In practice, foreign operators licensed under MiCA may enjoy a smoother entry into Poland than purely domestic firms, a situation that could influence investment decisions, product development, and the competitive landscape in the near term.

As industry leaders recalibrate, Piech’s forthcoming draft could provide a viable compromise—one that preserves MiCA’s core protections while offering a regulatory path tailored to Poland’s market structure. In parallel, the market will be watching for concrete steps from the government and supervisory authorities that clarify licensing routes and supervisory responsibilities, a move that could unlock new liquidity channels and support for innovation in the Polish crypto ecosystem. The summer period will thus be pivotal for investors, founders, and operators seeking stability, certainty, and alignment with Europe’s broader regulatory architecture.

This article was originally published as Poland President Again Vetoes MiCA, Crypto Firms Seek Licenses Abroad on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.

Kluczowe wnioski:

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SBI Holdings, notowana na tokijskiej giełdzie grupa finansowa, intensyfikuje swoje działania w zakresie kryptowalut, dążąc do zdobycia kontrolnego pakietu akcji w opartej w Singapurze firmie Coinhako. Poprzez swoją w pełni zależną spółkę SBI Ventures Asset, SBI podpisało niewiążący list intencyjny z Holdbuild, firmą matką Coinhako, w celu zainwestowania kapitału i nabycia akcji od istniejących inwestorów. Jeśli transakcja dojdzie do skutku, SBI zabezpieczy większościowy pakiet akcji, a Coinhako stanie się spółką zależną objętą konsolidacją, podlegającą zatwierdzeniom regulacyjnym. Warunki finansowe nie zostały ujawnione, a struktura inwestycji pozostaje w trakcie dyskusji. Propozycja sygnalizuje szersze ambicje SBI w budowie międzynarodowej infrastruktury aktywów cyfrowych wykraczającej poza pojedynczą platformę handlową, w tym przedsięwzięcia związane z tokenizowanymi papierami wartościowymi i stablecoinami.

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