Fintech PR
Intellabridge Announces Work on Prize-Linked Savings Account for Kash Bank
Vancouver, British Columbia and Boulder, Colorado–(Newsfile Corp. – April 15, 2021) – Intellabridge Technology Corporation (CSE: INTL) (OTC Pink: CRBTF) (FSE: 98AA), a blockchain technology company, is pleased to announce that the Company is designing and developing a prize-linked savings account (PLSA) for its Kash Banking application.
The Kash PLSA will be based on the Anchor Protocol and integrated into the Kash banking application as part of a broader set of banking services, including savings and investment accounts. It is designed based on the well established concept of “prize-linked savings accounts,” which allows customers to deposit funds into a PLSA and a chance to win prizes in exchange for depositing funds. All funds held in the PLSA accrue interest on the Anchor Protocol and the accrued interest is paid to winners of each prize.
Kash is expected to have several types of PLSAs including one which will give a portion of the prize money to charities, and the ability for depositors to vote on which charities would receive a portion of the prize money.
“Saving money is important because it helps protect you in the event of a financial emergency and provides long term security. Most people can’t cover emergencies with their savings and live under financial stress, without a financial cushion,” explains John Eagleton, CEO of Intellabridge. “Prize-linked savings programs like the Walmart Money Card have a proven track record of helping financially vulnerable people start saving money. Alternative solutions on the Ethereum blockchain have more than $200 million in total value locked (TVL). The Kash PLSA will be based on the Terra blockchain and allow customers globally to save money at even higher interest rates, donate interest to charities, and participate in the chance to win a cash prize.”
The Company is planning to release an updated Alpha in May 2021 with the PLSA prototype to get feedback from the Kash community during the development phase of the project. The objective is to have a testnet version of the PLSA in Q3 2021 and to pilot and process transactions in advance of a fully audited and security tested live release in Q4 2021.
About Intellabridge Technology Corporation
Intellabridge Technology Corporation (CSE: INTL) (OTC Pink: CRBTF) (FSE: 98AA) is a fintech blockchain company that offers decentralized banking services (DeFi banking). Its “Kash” banking product is a DeFi neobank with accounts featuring DeFi interest-bearing savings vaults, stablecoin checking, fiat-crypto onramps, debit cards, virtual cards, Apple Pay, Google Pay, synthetic stock, ETF and commodity trading, and other DeFi banking services.
The current Alpha version of the product is available on web and mobile in testing phase with the objective to pilot and process transactions in advance of a fully audited and security tested release in Q2 2021. For access to the Kash Alpha version visit www.kash.io and for more information on Intellabridge, visit www.intellabridge.com. To get on the waitlist for the Kash PLSA, sign up for a Kash account at app.kash.io.
ON BEHALF OF THE BOARD of DIRECTORS
INTELLABRIDGE TECHNOLOGY CORPORATION
“John Eagleton”
John Eagleton, CEO
To contact Intellabridge:
Website: intellabridge.com
Phone: +1-303-800-5333
Email: [email protected]
The CSE does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively “forward-looking statements”). The use of any of the word “will” and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/80539
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Fintech PR
Miami International Holdings Reports Trading Results for December and Full-Year 2024; MIAX Exchange Group Sets Multiple Volume and Market Share Records in Options and Equities Markets
MIAMI AND PRINCETON, N.J., Jan. 8, 2025 /PRNewswire/ — Miami International Holdings, Inc. (MIH), a technology-driven leader in building and operating regulated financial markets across multiple asset classes, today reported December and full-year 2024 trading results for its U.S. exchange subsidiaries – MIAX®, MIAX Pearl®, MIAX Emerald® and MIAX SapphireTM (collectively, the MIAX Exchange Group), and MIAX FuturesTM.
December 2024 and Full-Year 2024 Trading Volume and Market Share Highlights
- Total multi-listed options volume for the MIAX Exchange Group reached a record 1.7 billion contracts in 2024, a 6.5% increase year-over-year (YoY) and representing an annual market share of 15.1%, a 3.8% decrease YoY. December volume totaled a record 165.6 million contracts, a 29.1% increase YoY and representing a monthly market share of 16.4%, a 6.0% increase YoY.
- MIAX Sapphire reached a volume of 65.0 million contracts in 2024, following its launch on August 12, 2024. December volume reached 18.4 million contracts, with December market share reaching 1.8%.
- MIAX Options reached a record volume of 691.6 million contracts in 2024, a 9.1% increase YoY and representing an annual market share of 6.2%, a 1.5% decrease YoY. December volume reached 63.4 million contracts, a 23.3% increase YoY and representing a monthly market share of 6.3%, a 1.3% increase YoY.
- MIAX Pearl Options reached a volume of 468.0 million contracts in 2024, a 27.7% decrease YoY and representing a market share of 4.2%, a 34.7% decrease YoY. December volume totaled 31.3 million contracts, a 32.5% decrease YoY and representing a monthly market share of 3.1%, a 44.5% decrease YoY.
- MIAX Emerald reached a record volume of 465.6 million contracts in 2024, a 52.2% increase YoY and representing a record market share of 4.2%, a 37.4% increase YoY. December volume reached a record 52.5 million contracts, a 72.0% increase YoY and representing a monthly market share of 5.2%, a 41.3% increase YoY.
- In U.S. equities, MIAX Pearl Equities™ reached a record volume of 49.9 billion shares in 2024, a 6.2% increase YoY and representing a market share of 1.6%, a 4.4% decrease YoY. December volume totaled 3.8 billion shares, a 12.8% decrease YoY and representing a market share of 1.2%, a 30.0% decrease YoY.
- In U.S. futures, MIAX Futures, a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO), reached a record volume of 3.2 million contracts in 2024, a 10.2% increase YoY. December volume reached 197,513 contracts, a 44.5% increase YoY.
Additional MIAX Exchange Group and MIAX Futures trading volume and market share information are included in the tables below.
|
Multi-Listed Options Trading Volume for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options |
Dec-24 |
Dec-23 |
% Chg |
Nov-24 |
% Chg |
Dec-24 |
Dec-23 |
% Chg |
|
Trading Days |
21 |
20 |
20 |
252 |
250 |
|||
|
U.S. Equity Options Industry |
1,011,972,009 |
831,449,638 |
21.7 % |
1,010,941,318 |
0.1 % |
11,178,827,232 |
10,092,147,417 |
10.8 % |
|
MIAX Exchange Group |
165,584,587 |
128,287,450 |
29.1 % |
163,035,002 |
1.6 % |
1,690,222,589 |
1,587,012,460 |
6.5 % |
|
MIAX Options |
63,396,610 |
51,400,676 |
23.3 % |
60,797,990 |
4.3 % |
691,609,824 |
634,026,200 |
9.1 % |
|
MIAX Pearl |
31,298,746 |
46,372,764 |
-32.5 % |
32,006,908 |
-2.2 % |
468,016,859 |
647,128,959 |
-27.7 % |
|
MIAX Emerald |
52,472,586 |
30,514,010 |
72.0 % |
51,730,078 |
1.4 % |
465,577,123 |
305,857,301 |
52.2 % |
|
MIAX Sapphire(1) |
18,416,645 |
0. -0% |
– |
18,500,026 |
-0.5 % |
65,018,783 |
– |
– |
|
Multi-Listed Options ADV |
Dec-24 |
Dec-23 |
% Chg |
Nov-24 |
% Chg |
Dec-24 |
Dec-23 |
% Chg |
|
U.S. Equity Options Industry |
48,189,143 |
41,572,482 |
15.9 % |
50,547,066 |
-4.7 % |
44,360,426 |
40,368,590 |
9.9 % |
|
MIAX Exchange Group |
7,884,980 |
6,414,373 |
22.9 % |
8,151,750 |
-3.3 % |
6,707,232 |
6,348,050 |
5.7 % |
|
MIAX Options |
3,018,886 |
2,570,034 |
17.5 % |
3,039,900 |
-0.7 % |
2,744,483 |
2,536,105 |
8.2 % |
|
MIAX Pearl |
1,490,416 |
2,318,638 |
-35.7 % |
1,600,345 |
-6.9 % |
1,857,210 |
2,588,516 |
-28.3 % |
|
MIAX Emerald |
2,498,695 |
1,525,701 |
63.8 % |
2,586,504 |
-3.4 % |
1,847,528 |
1,223,429 |
51.0 % |
|
MIAX Sapphire(1) |
876,983 |
– |
– |
925,001 |
-5.2 % |
258,011 |
– |
– |
|
Multi-Listed Options Market Share for MIAX Exchange Group, Current Month |
Year-to-Date Comparison |
|||||||
|
Multi-Listed Options Market |
Dec-24 |
Dec-23 |
% Chg |
Nov-24 |
% Chg |
Dec-24 |
Dec-23 |
% Chg |
|
MIAX Exchange Group |
16.36 % |
15.43 % |
6.0 % |
16.13 % |
1.5 % |
15.12 % |
15.73 % |
-3.8 % |
|
MIAX Options |
6.26 % |
6.18 % |
1.3 % |
6.01 % |
4.2 % |
6.19 % |
6.28 % |
-1.5 % |
|
MIAX Pearl |
3.09 % |
5.58 % |
-44.5 % |
3.17 % |
-2.3 % |
4.19 % |
6.41 % |
-34.7 % |
|
MIAX Emerald |
5.19 % |
3.67 % |
41.3 % |
5.12 % |
1.3 % |
4.16 % |
3.03 % |
37.4 % |
|
MIAX Sapphire(1) |
1.82 % |
– |
– |
1.83 % |
-0.6 % |
0.58 % |
– |
– |
|
(1) |
MIAX Sapphire launched trading on August 12, 2024, listing a single class for the first week and additional classes in multiple phases on a weekly schedule through the week of October 21, 2024. |
|
Equities Trading Volume for MIAX Pearl Equities, Current Month |
Year-to-Date Comparison |
|||||||
|
Equities Shares (millions) |
Dec-24 |
Dec-23 |
% Chg |
Nov-24 |
% Chg |
Dec-24 |
Dec-23 |
% Chg |
|
Trading Days |
21 |
20 |
20 |
252 |
250 |
|||
|
U.S. Equities Industry |
308,866 |
247,729 |
24.7 % |
292,020 |
5.8 % |
3,064,080 |
2,758,344 |
11.1 % |
|
MIAX Pearl Volume |
3,827 |
4,387 |
-12.8 % |
3,767 |
1.6 % |
49,865 |
46,935 |
6.2 % |
|
MIAX Pearl ADV |
182 |
219 |
-16.9 % |
188 |
-3.3 % |
198 |
188 |
5.4 % |
|
MIAX Pearl Market Share |
1.24 % |
1.77 % |
-30.0 % |
1.29 % |
-4.0 % |
1.63 % |
1.70 % |
-4.4 % |
|
Futures and Options Trading Volume and Open Interest for MIAX |
Year-to-Date Comparison |
|||||||
|
Futures & Options Contracts |
Dec-24 |
Dec-23 |
% Chg |
Nov-24 |
% Chg |
Dec-24 |
Dec-23 |
% Chg |
|
Trading Days |
21 |
20 |
20 |
252 |
250 |
|||
|
MIAX Futures Volume |
197,513 |
136,652 |
44.5 % |
342,348 |
-42.3 % |
3,188,735 |
2,894,831 |
10.2 % |
|
MIAX Futures ADV |
9,405 |
6,833 |
37.7 % |
17,117 |
-45.1 % |
12,654 |
11,579 |
9.3 % |
|
MIAX Futures Open Interest |
96,634 |
63,238 |
52.8 % |
82,183 |
17.6 % |
|||
About MIAX
MIAX’s parent holding company, Miami International Holdings, Inc., owns Miami International Securities Exchange, LLC (MIAX®), MIAX PEARL, LLC (MIAX Pearl®), MIAX Emerald, LLC (MIAX Emerald®), MIAX Sapphire LLC (MIAX SapphireTM), MIAX Futures Exchange, LLC (MIAX FuturesTM), MIAX Derivatives Exchange (MIAXdxTM), The Bermuda Stock Exchange (BSX) and Dorman Trading, LLC (Dorman Trading).
MIAX, MIAX Pearl, MIAX Emerald and MIAX Sapphire are national securities exchanges registered with the Securities and Exchange Commission that are enabled by MIAX’s in-house built, proprietary technology. MIAX offers trading of options on all four exchanges as well as cash equities through MIAX Pearl Equities™. The MIAX trading platform was built to meet the high-performance quoting demands of the U.S. options trading industry and is differentiated by throughput, latency, reliability and wire-order determinism.
MIAX Futures is a registered exchange with the Commodity Futures Trading Commission (CFTC) and offers trading in a variety of products including Hard Red Spring Wheat Futures. MIAX Futures is a Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) under the CFTC, providing DCM and DCO services in an array of asset classes.
MIAXdx is a CFTC regulated exchange and clearinghouse and is registered as a Designated Contract Market (DCM), Derivatives Clearing Organization (DCO), and Swap Execution Facility (SEF) with the CFTC.
BSX is a fully electronic, vertically integrated international securities market headquartered in Bermuda and organized in 1971. BSX specializes in the listing and trading of capital market instruments such as equities, debt issues, funds, hedge funds, derivative warrants, and insurance linked securities.
Dorman Trading is a full-service Futures Commission Merchant registered with the CFTC.
MIAX’s executive offices and National Operations Center are located in Princeton, N.J., with additional U.S. offices located in Chicago, IL and Miami, FL. MIAX Futures offices are located in Minneapolis, MN. MIAXdx offices are located in Princeton, N.J. BSX offices are located in Hamilton, Bermuda. Dorman Trading offices are located in Chicago, IL.
To learn more about MIAX visit www.miaxglobal.com.
To learn more about MIAX Futures visit www.miaxglobal.com/miax-futures.
To learn more about MIAXdx visit www.miaxdx.com.
To learn more about BSX visit www.bsx.com.
To learn more about Dorman Trading visit www.dormantrading.com.
Disclaimer and Cautionary Note Regarding Forward-Looking Statements
The press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities of Miami International Holdings, Inc. (together with its subsidiaries, the Company), and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer; solicitation or sale would be unlawful. This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected.” You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements.
All third-party trademarks (including logos and icons) referenced by the Company remain the property of their respective owners. Unless specifically identified as such, the Company’s use of third-party trademarks does not indicate any relationship, sponsorship, or endorsement between the owners of these trademarks and the Company. Any references by the Company to third-party trademarks is to identify the corresponding third-party goods and/or services and shall be considered nominative fair use under the trademark law.
Media Contact:
Andy Nybo, SVP, Chief Communications Officer
(609) 955-2091
[email protected]
Logo – https://mma.prnewswire.com/media/1396492/5105940/MIAX_Logo.jpg
View original content:
ZUG, Switzerland, Jan. 8, 2025 /PRNewswire/ –BSV Blockchain is partnering with the Financial Times (FT) for the upcoming World Economic Forum (WEF) conference, taking place from January 20 – 24th 2025, in Davos, Switzerland. This partnership will see BSV Blockchain and FT come together for three impactful events that explore the transformative potential of blockchain technology and its role in driving innovation and resilience across industries.
The three key events at WEF include a virtual webinar which will delve into the topic – ‘The Power of Blockchain for Business Resilience: How Shared Ledger Technologies are Redefining Efficiency and Operations,’ a Davos Daily Show which is a live stream session entitled, ‘The Critical Moment: Driving the Energy Transition Forward’ and a 75-minute roundtable discussion which will focus on the theme, ‘Leveraging Blockchain and AI for Smarter Financial Solutions.’
Key spokespeople from BSV Blockchain, including Aleksander Góra and Richard Baker, will attend the events in Davos. They will share their expertise to the discussions and engage with global leaders.
This partnership represents an important milestone for BSV Blockchain as it positions itself as a leading voice in blockchain and Web3 technologies. By partnering with the Financial Times and participating in the WEF 2025, BSV Blockchain aims to drive meaningful conversations about the future of enterprise blockchain and the role of blockchain in creating secure, efficient and resilient systems.
Richard Baker, Board Member at the BSV Association said, “We are very proud of this partnership with FT at WEF as it highlights shared values, drives collective progress and enhances blockchain industry trust and awareness.”
Through these events, BSV Blockchain seeks to amplify its role as an enabler in Web3 innovation and showcase the transformative potential of blockchain technology for businesses worldwide.
About BSV Blockchain:
The BSV Blockchain leads the BSV blockchain for Enterprise and Government initiatives. They are based on the original Bitcoin protocol rules and those set out in the Bitcoin white paper.
About The BSV Association:
The BSV Association is a global non-profit organisation based in Switzerland. It is focused on enhancing the adoption and development of the BSV blockchain. The BSV Association oversees the creation of tech standards and helps governments, businesses, developers, and users learn how to build a worldwide blockchain ecosystem.
View original content:https://www.prnewswire.co.uk/news-releases/bsv-blockchain-announces-partnership-with-ft-live-for-upcoming-world-economic-forum-2025-302345869.html
NEW YORK, Jan. 8, 2025 /PRNewswire/ — Ridgewood Infrastructure, a leading infrastructure investment firm focused on essential infrastructure in the U.S. lower middle market, today announced the successful sale of its 80% interest in SiEnergy to Northwest Natural Holding Company (NYSE: NWN).
SiEnergy is a regulated utility providing essential natural gas services to residential and commercial customers in the greater metropolitan areas of Houston, Dallas, and Austin. Since acquiring the business in 2019, Ridgewood Infrastructure has led the transformation of SiEnergy into one of the fastest-growing natural gas distribution utilities in the nation. Under Ridgewood’s stewardship, SiEnergy organically expanded its service base from approximately 20,000 to more than 70,000 customers.
“SiEnergy exemplifies Ridgewood Infrastructure’s continued ability to create differentiated investments on behalf of our investors,” said Michael Albrecht, Managing Partner of Ridgewood Infrastructure. “Our focus on operational and service excellence ensured the company was able to scale and will benefit SiEnergy’s customers for years to come.”
Albrecht added: “We are pleased with the accomplishments of SiEnergy, which reflect the dedication of the company’s leadership team, employees, and partners, all of whom have played a pivotal role in its success.”
RBC Capital Markets, LLC acted as exclusive financial advisor and White & Case LLP as legal advisor to Ridgewood Infrastructure.
About Ridgewood Infrastructure
Ridgewood Infrastructure is a leading infrastructure investor in the U.S. lower middle market with sectors of focus including Water, Energy Transition, Transportation, and Utilities. For more information, visit www.ridgewoodinfrastructure.com.
Contact Information:
Ridgewood Infrastructure
527 Madison Avenue, 18th Floor
New York, NY 10022
Phone: (212) 867-0050
[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/ridgewood-infrastructure-announces-sale-of-sienergy-regulated-utility-302345175.html
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