Between 2018 and 2019, SK Group invested more than $1 billion in shares of Masan Group and Vingroup.
Maeil Business Newspaper reports that SK Group aims to sell its stakes in these major Vietnamese companies to recoup its initial investment of 1,000 billion won (approximately $720 million at current exchange rates). This move aligns with SK Group’s ongoing business restructuring efforts, which include reassessing investments to maintain cash flow.
As part of this strategy, SK Group might utilize a put option to sell its 9% stake in Masan Group. The Chaebol is currently seeking partners to facilitate this transaction. SK Group’s 2018 investment in Masan was about $450 million, and it expects to complete the sale by the end of this year. Masan Group is a leading retail and consumer goods company in Vietnam.
In addition to divesting from Masan Group, SK Group is negotiating the sale of its shares in Vingroup, led by Vietnam’s richest man, Pham Nhat Vuong. This deal is anticipated to finalize by the end of this year, with funds likely available by the end of next year. SK Group acquired a 6.1% stake in Vingroup for $1 billion in 2019.
During an investor meeting in May 2024, Danny Le, CEO of Masan Group, addressed concerns about SK Group’s divestment. He assured that SK Group would not engage in a massive sell-off of Masan’s MSN shares.
“We will maintain our partnership with SK Group beyond their role as shareholders. SK also holds shares in The CrownX and WinCommerce and is committed to long-term investments in Vietnam. Therefore, we plan a phased divestment over 24 months to avoid impacting stock prices negatively,” said Danny Le.
He emphasized that Masan Group will work with SK to rebalance the investment portfolio or completely divest in a way that protects stock prices and benefits Masan’s shareholders.
Recently, SK Group has been taking decisive steps. The Chaebol will hold a strategic meeting from June 28 to June 29 to formulate restructuring strategies.
A crucial part of these discussions is finding ways to sustain SK On, the electric vehicle battery subsidiary of SK Innovation. There is also talk within the group about a potential merger between SK Innovation and SK E&S, an affiliated energy company. “We are still in the review phase and have not made any final decisions,” stated a senior SK Group executive.
In the context of renewable energy, a leading Vietnamese company with US listing ambitions recently partnered with a Korean Chaebol, which invested $2.5 billion in Vingroup and Masan, to develop waste-to-energy projects.
Thursday marked the fifth straight day of net outflows for the U.S.-listed ETFs in their worst performance since mid April.
Spot bitcoin (BTC) exchange-traded funds (ETFs) listed in the U.S. recorded their fifth-straight day of outflows on Thursday, losing over $900 million so far this week.
Data tracked by SoSoValue shows that the 11 listed ETFs lost $140 million on Thursday, with $1.1 billion in trading volumes. Grayscale’s GBTC – which has mostly seen outflows since its conversion to an ETF in January – led outflows at $53 million followed by Fidelity’s FBTC at $51 million.
BlackRock’s IBIT, the biggest ETF by assets held, was the only product that recorded net inflows at $1 million. Other products saw zero net inflow or outflow activity.
Such outflow activity is the worst since late April, which saw $1.2 billion in total net outflows in trading sessions from April 24 to May 2. Inflows since picked up and saw the products add more than $4 billion in the next 19 days of trading – before the ongoing outflow deluge started on June 10.
BTC prices have generally suffered in the past few weeks amid $1 billion in sales from large holders, dollar strength and a strong U.S. technology index market.
Sự kiện “Ngày hội Thợ máy nhất nhất” được tổ chức tại Nhà Văn hóa Thanh niên Thành phố Hồ Chí Minh với sự tham gia của đông đảo cộng đồng thợ máy Việt. Đây là lần đầu tiên Shell Việt Nam tổ chức sự kiện tôn vinh nghề thợ máy và tinh thần nhất nhất bền bỉ, theo đuổi đam mê với nghề của những người thợ máy.
Chia sẻ tại sự kiện, ông Andreas Pradhana, Tổng giám đốc Shell Việt Nam cho biết: “Nghề thợ máy, từ trước đến nay, dẫu là một nghề quan trọng và phổ biến nhưng lại ít được đề cập và ghi nhận. Nghề thợ máy thường gắn liền với khói bụi, dầu nhớt và hình ảnh lấm lem của người thợ máy khiến nghề này chưa được đề cao đúng mực. Tuy nhiên, trong suốt nhiều thập kỷ đồng hành cùng cộng đồng thợ máy Việt, chúng tôi đã chứng kiến nhiều câu chuyện nghị lực, nhất nhất kiên trì, theo đuổi và tiến tới của người thợ máy. Chúng tôi hiểu người thợ máy vẫn luôn khát khao được tôn trọng và công nhận, hơn hết là sự đồng hành và tiếp lực để bền bỉ tiến bước trong công việc và cuộc sống. Sự thấu hiểu đó là động lực để chúng tôi tổ chức ngày hội Thợ máy nhất nhất hôm nay!”
Ý tưởng Ngày hội Thợ máy nhất nhất xuất phát từ tinh thần nhất nhất hết lòng, nhất nhất theo đuổi và nhất nhất tiến tới của người thợ máy. Trong mọi tình huống, người thợ máy vẫn luôn hết lòng, làm việc bằng cái tâm và không ngại khó; họ luôn không ngừng trau dồi kỹ năng, học thêm chuyên môn và cố gắng từng bước gầy dựng tương lai vững chắc mỗi ngày.
Để tôn vinh tinh thần nhất nhất của người thợ máy, sự kiện đã mang đến khu vực triển lãm Tôn vinh Người Thợ máy nhằm chia sẻ những câu chuyện làm nghề và hành trình vươn lên của những người thợ máy trong công việc và cuộc sống. Bên cạnh đó, chuỗi hội thảo nâng cao kỹ năng với các chuyên gia lành nghề cũng được tổ chức xuyên suốt ngày hội với các chủ đề thiết thực như: kỹ năng livestream bán hàng, cập nhật xu hướng mới bắt bệnh cho xe hay những ứng dụng công nghệ tiên tiến mới.
Ngoài mục tiêu tôn vinh và cập nhật kỹ năng, ngày hội còn là một sân chơi giúp tiếp lửa đam mê và gắn kết cộng đồng thợ máy Việt. Lấy ý tưởng từ mô hình garage được triển khai với ba cụm chủ đề chính “Garage Mát Máy Êm Ga”, “Garage Tăng Tốc Vượt Trội” và “Garage Bền Bỉ Đường Dài”, ngày hội đã đem đến nhiều hoạt động tương tác thú vị như check in cùng siêu xe, trò chơi thử thách tính bền bỉ và tâm huyết với nghề, cùng khu vực trải nghiệm các dòng sản phẩm chất lượng và công nghệ tiên tiến của dầu nhớt Shell. Thêm vào đó, sự kiện còn mang đến những màn trình diễn nghệ thuật sôi động và đặc sắc trong đêm nhạc “Tôi là người thợ máy” với sự góp mặt của các nghệ sĩ Anh Tú, Hà Nhi, Yuno Bigboi và MC Goku. Nổi bật trong đó là màn trình diễn từ các đại diện của Shell dành cho cộng đồng thợ máy, như một lời tri ân chân thành gửi tới những người cộng sự đã đồng hành cùng Shell suốt nhiều thập kỷ. Sự kiện cũng là cơ hội để Shell vinh danh những người thợ máy nhất nhất cho hạng mục digital.
Tham dự ngày hội, anh Hạ Văn Kết, thợ máy tại garage VMTC, TPHCM cho biết: “Tôi rất vui khi được tham gia ngày hội hôm nay, được truyền cảm hứng và giao lưu với nhiều anh em cùng chí hướng trong nghề khiến cho tôi cảm thấy nghề thợ máy quả thật đáng quý. Dẫu biết nghề thợ máy chưa được xem trọng nhất, nhưng với anh em thợ máy chúng tôi, tinh thần nhất nhất theo đuổi và bền bỉ tiến tới còn hơn cả nhất. Cảm ơn Shell Việt Nam đã tổ chức sự kiện ý nghĩa để anh em thợ máy chúng tôi có dịp nhìn lại và tự hào về cái nghề hơn cả nhất này!”
Ông Andreas Pradhana, Tổng giám đốc Shell Việt Nam, chia sẻ: “Chúng tôi luôn ghi nhận và đánh giá cao những đóng góp của cộng đồng thợ máy để hàng triệu đầu máy luôn mát máy êm ga bền bỉ tiến tới mỗi ngày. “Ngày hội Thợ máy nhất nhất” năm nay là sự tiếp nối trên hành trình truyền động lưc và tiếp lửa cho cộng đồng thợ máy Việt nhất nhất tiến tới. Ngày hội không chỉ dành riêng cho thợ máy xe máy mà còn mở rộng và tiếp cận với cộng đồng thợ máy ô tô và xe tải. Trong tương lai, chúng tôi sẽ tiếp tục duy trì các hoạt động hỗ trợ và tiếp sức nhằm xây dựng một nền tảng đồng hành lâu dài, góp phần khẳng định mạnh mẽ cam kết trở thành người bạn đồng hành, tiếp lực cùng thợ máy tiến bước trong công việc và cuộc sống.”
Những nỗ lực đồng hành cùng thợ máy Việt đã được Shell thực hiện từ năm 2019 thông qua cuộc thi thường niên “Thợ máy Đẳng cấp”.
The festival will kick off with an opening ceremony on July 12, from 8:00 PM to 9:30 PM, featuring the introduction of OCOP (One Commune One Product) items related to the culture of Northern mountainous provinces. Over 5,000 delegates and visitors are expected to attend this grand opening. In addition, the festival will host a photo contest titled “Beauty, Ao Dai, and Lotus,” alongside a semi-realistic art program, “Story of the Lotus.” Attendees are encouraged to wear ao dai with lotus motifs and take photos at designated “check-in” points to promote the event. Participants can share their pictures on social media using hashtags like #lehoiSenHaNoi2024 and #SenTayHo or submit them to the festival’s official Facebook page, Lễ hội Sen Hà Nội (Hanoi Lotus Festival).
The event will feature 100 booths showcasing OCOP products and regional specialties from Northern mountainous provinces. Visitors can explore various lotus-related products including lotus flowers, lotus silk, lotus sweet soup, lotus sticky rice, lotus sausage, lotus dishes, lotus decorative items, and handicrafts. There will be displays of various lotus varieties across Vietnam, highlighting some of the most precious types.
The festival will also introduce the unique art of lotus tea marinating and other cultural aspects of lotus in Vietnamese life. It aims to enhance connections between producers and consumers, fostering the exchange and experience of Hanoi’s lotus products with other regions. This initiative is expected to boost tourism and stimulate the development of local OCOP products.
A highlight of the festival is the ceremony to recognize the Tay Ho lotus tea marinating craft as a national intangible cultural heritage, further cementing the cultural significance of the lotus in Vietnamese heritage.
This inaugural event promises to be a vibrant celebration of Hanoi’s rich cultural heritage and the timeless beauty of the lotus flower, bringing together local residents and visitors to appreciate the symbolic flower of the region.
Exness is a leading online trading platform trusted by many investors around the world. The platform offers a wide range of trading tools and resources, meeting the needs of both beginners and experienced professionals. To better understand what Exness is? Please follow the general information about Exness broker shared by TraderForex below to make the most effective transactions.
What is Exness?
Exness trading platform was established in 2008, headquartered in Limassol city, Cyprus. Exness operates through its official website exness.com. Then, Exness moved its headquarters to Europe in 2012. This transition brought great progress, helping Exness become one of the largest retail forex brokers globally.
According to a report from Exness, as of December 2019, the monthly trading volume on the exchange reached 325.8 billion USD, the number of active traders worldwide exceeded 72,721 people.
Today, Exness serves customers from many different countries, with a website translated into 15 languages and offices located in many locations, including two main offices in Saint Vincent and the Grenadines. In addition, Exness is also a strong financial group with many member companies such as:
Exness (Cy) Ltd
Exness (UK) Ltd
Nymstar Limited,…
This shows that Exness is not only growing strongly in the field of foreign exchange but also expanding its influence into other fields such as long-term and short-term stock investment. After more than 15 years of operation, Exness has reached a trading volume of up to 2,747 trillion USD, attracting more than 368,151 traders from all over the world.
Evaluate Exness’s reputation
When trading in the foreign exchange market, the most important thing is that investors need to choose a reputable and professional platform. A reliable exchange will have measures to ensure the rights and peace of mind for customers. So is Exness really reputable? To understand this issue, let’s explore with TraderForex the following Exness evaluation criteria:
Operating license
Exness affirms its position as a leading reputable broker with a diverse operating license system, licensed and strictly managed by reputable financial institutions. Thanks to this, Exness ensures a safe, transparent trading environment and maximizes the rights of customers globally.
List of licenses Exness owns:
FSA (Seychelles): License SD025, authorized and regulated by the Seychelles Financial Services Authority.
FSCA (South Africa): FSP number 51024, licensed by the Financial Sector Conduct Authority of South Africa.
CySEC (Cyprus): License 178/12, licensed and regulated by the Cyprus Securities and Exchange Commission.
FCA (UK): Financial Services Registration Number 730729, authorized and regulated by the FCA Financial Services Authority.
CBCS (Curaçao and Sint Maarten): License number 0003LSI, licensed by the Central Bank of Curaçao and Sint Maarten.
FSC (BVI): Registration number 2032226 and investment business license number SIBA/L/20/1133, licensed by the British Virgin Islands Financial Services Commission.
FSC (Mauritius): Registration number 176967 and business license number GB2002529, licensed by the Mauritius Financial Services Commission.
Achievements acquired
By the end of 2022, Exness achieved a series of impressive achievements, affirming its leading position in the foreign exchange and CFD brokerage industry. Below are some outstanding achievements recorded in Exness’s public financial reports:
Market expansion:
Exness has achieved more than 2 million account registrations around the world. This is a testament to Exness’s strong attraction to investors in all regions.
More than 414,502 investors were active in the first month of 2023 alone. This shows the high level of trading participation and customer trust in Exness.
Trading volume exploded:
The total trading volume at Exness reached more than 2,822 trillion USD in just January 2023. This is a record number affirming Exness’s leading position in the brokerage industry.
Exness is the first broker with monthly trading volume exceeding the standard of 1,000 – 2,000 billion USD. This demonstrates the potential and strong development of the Exness platform.
Prestigious awards:
Since its formation and development, Exness has received many prestigious awards from prestigious financial magazines such as:
“Best Trade Executions”, “Best Order Management” and “Best Mini Broker” awards in New Zealand.
“Best Customer Support” award at Financial Markets Expo, Cairo, 2021.
“Premium Loyalty Program Award” at Financial Markets Expo, Cairo, 2021.
“Most Innovative Broker” award at Dubai Expo, 2021.
“Most People-Centric Broker” award at Traders’ Summit, 2021.
“Global Broker of the Year” award at Traders’ Summit, 2021.
These achievements are testament to Exness’s reputation, service quality and constant efforts in bringing the best trading experience to customers.
Independent Audit
Exness also conducts a comprehensive independent audit of its operations. All financial reports related to trading volume, customer withdrawals and partner bonuses are transparently published on the website. Auditing activities are performed by Deloitte – the world’s leading auditing company, ensuring transparency and reliability.
Compensation Fund
Exness is a member of the Financial Commission – an international organization specializing in resolving disputes in the forex market. This organization plays a neutral role to review and resolve complaints fairly. Exness’ insurance fund acts as a protection policy for customers, ensuring each investor can receive compensation of up to €20,000.
Privacy Policy
Exness’ platform was hit by a DDoS attack around April 2016, causing disruption to its trading terminal and website. Although this issue affected user experience, the Exness team quickly detected it and fixed it within 24 hours. In particular, no personal information, funds or assets of customers were leaked or affected by this incident. This shows that Exness always focuses on protecting customers and their assets first.
Exness also enhances security through the use of methods such as Google Authenticator authentication, SMS codes and emails. This broker regularly organizes “bug hunting and reward” contests, inviting hackers around the world to participate in finding errors and vulnerabilities on Exness Global Limited’s websites, services and applications. Each contest not only helps Exness improve security but also increases user trust.
Types of accounts on Exness
To meet the diverse needs of every investor, Exness offers a variety of trading accounts. Each account type has its own special features and regulations regarding transaction fees.
Standard account
This popular account is the right choice for all traders, including newbies. The Standard account requires no minimum deposit, has floating spreads from 0.3 pips, and no commissions. In particular, the account has fast market order matching speed, with no re-quote phenomenon.
This is an account for experienced traders. This account gives traders access to a wide range of trading instruments including forex, metals, cryptocurrencies, energies and indices with very low spreads. It also has fast order execution speed and is suitable for types of traders such as scalping, day trading and algorithmic trading.
Account Type
Raw Spread
Zero
Pro
Minimum deposit
200 USD
200 USD
200 USD
Leverage
Unlimited
1:2000
1:2000
Commission
Up to 3.5 USD
Từ 3,5 USD
Free
Minimum lot
0.01
0.01
0.01
Maximum lot
200
200
200
Maximum Pending Orders
From 0.0 pip
From 0.0 pip
From 0.1 pip
Spread
Unlimited
Unlimited
Unlimited
Margin Warning
30%
30%
30%
Products at Exness
Exness opens the door for investors to access the global financial market through a CFD trading platform with a variety of asset types:
Forex: 107 currency pairs including 7 major currency pairs and rare, minor currency pairs.
Metals: 10 prominent metals such as gold, silver, platinum and Palladium,…
Energy: Brent crude oil and natural gas.
Cryptocurrencies: Popular cryptocurrencies are completely swap-free.
Stocks: Invest in hundreds of stock codes of large companies in technology and industry such as Google, Amazon, Tesla, AliBaba, Intel.
Index: Famous global indexes such as FTSE 100, S&P 500, Dow Jones,…
Trading fees at Exness
Exness’s goal is to create the lowest possible cost trading environment for customers. In particular, Exness commits to having no hidden fees, no account management fees, and no deposit and withdrawal fees. Therefore, when trading at Exness, you can rest assured about costs.
Super low spreads
Spread is the difference between the buying price and selling price of a currency pair, calculated in pips. When trading on the forex exchange, traders need to pay attention to this cost. At Exness, spreads are adjusted accordingly, varying according to each account type and trading product. For example, standard accounts have spreads starting from 0.3 pips, while professional account types can have lower spreads from as little as 0.0 pips.
Free SWAP
Swap is the fee investors must pay when holding an order overnight. However, Exness has decided to remove overnight fees for most trading instruments including major currency pairs, stocks, cryptocurrencies, indices and gold.
Commission
Information about Exness commission fees is as follows:
Raw Spread Account: Commission up to $3.50 per lot/1 way.
Zero Account: Commission from $0.2 per lot/1 way.
Pro account: No commission fees.
This means that Exness standard and Pro accounts do not charge commissions. While Raw Spread and Zero accounts have different commission fees depending on the order type and trading market.
Leverage
Exness does not limit the maximum leverage for investors. However, the use of leverage in transactions should be done carefully. This is a tool that helps investors trade with a larger amount of capital than the amount deposited into their account. But using high leverage also puts investors at risk, especially for new traders.
Leverage levels at Exness may vary depending on the trading product and market conditions. Specifically, Exness regulates the deposit levels as follows:
Leverage
Account Capital
Margin Required
Unlimited
<1000 USD
0%
1:2000
1000 – 5000 USD
0,05%
1:1000
5000 – 10.000 USD
0,1%
1:600
10.000 – 30.000 USD
0,17%
1:400
30.000 – 60.000 USD
0,25%
1:100
60.000 – 200.000 USD
1%
Exness trading platform
Not only does Exness offer two popular forex trading platforms, MT4 and MT5, but it also comes with the Exness Trader and Exness Terminal apps. This helps investors have a more flexible and effective trading experience.
MT4
MT4 (MetaTrader 4) is the world’s leading Forex trading platform, trusted by millions of professional and individual traders. Possessing an intuitive, easy-to-use interface and many outstanding features, MT4 gives you a flexible and effective trading experience:
Wide accessibility: Traders can download MT4 for free and use it on any device such as computers, iOS and Android mobile phones. This platform supports multiple languages, meeting the needs of global traders.
Flexible trading: MT4 has 6 diverse types of pending orders: Buy Stop, Sell Stop, Buy Limit, Sell Limit, Buy Stop Limit and Sell Stop Limit. At the same time, there are 2 types of instant order matching such as Market Execution and Instant Execution. Market Execution meets fast transaction speed.
Powerful analysis tools: 30 popular technical indicators support predicting market movements. MT4 has 23 analysis objects such as trend lines, price channels, geometric models,… to help determine effective entry/exit points. There are also 9 flexible time frames from M1 to MN to help observe multi-dimensional markets and 3 types of charts such as candles, bars and lines for traders to visualize price trends easily.
Diverse trading: Supports trading of 6 asset types: Forex, Metals, Energy, Indices, Stocks, Cryptocurrencies. Low spread difference from only 0.1 pip, saving transaction costs.
Automated trading: Integrating robots and advisor systems (EAs) helps automate trading strategies and optimize efficiency.
MT5
MT5 (MetaTrader 5) is an upgraded version of the MT4 trading platform developed by MetaQuotes. Possessing many advanced features, MT5 gives you a comprehensive and professional trading experience:
Diverse analysis tools: Built-in 38 technical indicators and 22 analysis tools to optimally support market analysis and predict price fluctuations. Possesses 46 graphic objects, including trend lines, price channels, geometric patterns,… to help determine effective entry/exit points. MT5 also has 21 flexible time frames from M1 to MN to observe multi-dimensional markets and chart types such as candles, bars, and lines to help visualize price trends easily.
Flexible trading: Supports 8 types of pending orders: Buy Stop, Sell Stop, Buy Limit, Sell Limit, Buy Stop Limit, Sell Stop Limit, Stop Entry, Trailing Stop. Instant order matching and market order matching meet diverse trading needs.
Diverse trading: Supports trading of 6 asset groups such as Forex, metals, energy, indices, stocks and cryptocurrencies. Spreads from 0.0 pip, competitive commission fees help save transaction costs.
Advanced customization: Easily move stop loss points, do technical analysis and customize indicators, advisor systems (EAs) and scripts.
Exness Trader
Exness Trader is a mobile application developed specifically for regular traders, providing a convenient, fast and effective trading experience anytime, anywhere. The application is compatible with both iOS and Android operating systems, and is highly appreciated for its outstanding features and intuitive, easy-to-use interface.
Simple, flexible transactions: Exness Trader easily deposits and withdraws money right on the application with many diverse payment methods, 24/7 support. Traders can trade with just one click and on a single screen, saving time and optimizing efficiency.
Diverse trading tools: Offers more than 200 instruments from popular financial markets such as Forex, stocks, energies, indices and cryptocurrencies.
In-depth analysis: Intuitive charts with a full range of popular technical indicators, helping you easily analyze the market and make informed trading decisions.
Updated news: Provides an economic calendar and continuously updates important news and events affecting the market, helping investors make accurate predictions.
Exness Terminal
Exness Terminal is proud to bring investors a comprehensive and professional trading experience with an advanced charting technology platform, combined with an intuitive interface.
Convenient, easy to use: Investors can use Exness Terminal right on the web browser without complicated downloads and installation, saving time and device space.
Diverse tools: Supports more than 50 drawing tools and 100 in-depth technical indicators, helping traders analyze the market effectively and make wise trading decisions. Charts provided by TradingView, ensuring high accuracy and professionalism.
Security and safety: Exness Terminal has all information securely encrypted, ensuring the safety of accounts and transactions.
Flexible trading: Fully supports 6 types of pending orders: Buy Stop, Sell Stop, Buy Limit, Sell Limit, Take Profit and Stop Loss, meeting all investors’ trading needs.
Deposit – withdraw money on Exness
Tốc độ nạp rút tiền luôn là một trong những yếu tố quan trọng hàng đầu được nhà đầu tư quan tâm khi lựa chọn sàn giao dịch. Hiểu được điều này, Exness không ngừng nỗ lực nâng cao chất lượng dịch vụ, mang đến cho khách hàng trải nghiệm nạp rút tiền nhanh chóng, an toàn. Ưu điểm nổi bật về nạp rút tiền tại Exness:
24/7 automatic payment system
Exness owns a modern automatic payment system, operating continuously 24/7, including Saturday and Sunday. Thanks to that, your deposit and withdrawal transactions are processed quickly, saving time.
Diverse payment methods
Exness offers many convenient payment methods for you to choose from to suit your needs, including:
Internet Banking: Transactions through reputable banks in Vietnam such as Vietcombank, Vietinbank, BIDV, ACB, …
Ngan Luong: Pay quickly and safely via e-wallet Momo, Viettel Pay, Shopee Pay, …
Visa/Mastercard: Deposit/withdraw money directly from international payment cards.
E-wallets: Neteller, Skrill, SticPay – Reputable e-wallets in the international market.
Cryptocurrencies: Bitcoin, USDT, USDC – Deposit/withdrawal using popular cryptocurrencies.
VietQR, Wire Transfer: Support payment via QR code and international bank transfer.
Impressive transaction speed
Depositing money into your Exness account only takes a few seconds, withdrawing money only takes 3-5 minutes and you can receive money back to your account. Exness offers an outstanding deposit and withdrawal experience, helping you optimize your time and investment capital.
Customer Service
Exness is one of the reputable and quality trading exchange, with customer support services that are considered extremely professional. The Exchange always puts customer satisfaction first, so any problems or questions of traders will be resolved quickly.
Exness’s customer service staff can provide support in 15 different languages, including Vietnamese, which is very convenient for Vietnamese traders. However, Vietnamese support is only available from Monday to Friday. On weekends, you will receive support in English.
When you need support, you can contact Exness through the following channels:
Phone: 18006371
Email: support@exness.com
Chat online on the website
The most detailed way to register for Exness
To start their trading journey on Exness, investors need to follow the following detailed instructions to register a new account:
Step 1: Access Exness
You go to the official Exness website and click the green “Register” button in the top right corner of the screen.
Step 2: Fill in information:
Enter your mobile phone number and select the appropriate country code.
Provide a valid email for the system to send confirmation information.
Create a strong password that includes at least 8 characters, a combination of uppercase letters, lowercase letters, and numbers.
Click “Continue registration” to move to the next step.
Step 3: Confirm registration
Check your inbox for the activation code sent via email.
Enter the activation code in the box provided.
A verification code will also be sent to your phone number and enter this code in the corresponding box.
Click “Confirm” to complete the confirmation step.
Step 4: Complete the profile
Traders need to provide complete personal information including full name and date of birth. Then you carefully read and agree to Exness’s terms and regulations, click “Continue”.
Step 5: Set up account security
Choose the desired investor account security method:
Mobile phone number (high level of security)
Email (low security level)
Enter the verification code sent to the selected security method. You then create a 6-10 character secret code to use when contacting support
Step 6: Complete profile and verify identity
Provide full detailed personal information, including:
Identification documents (ID card/CCCD/Passport)
Document number
Nationality
Current residential address
Investors need to upload a clear image of their identification documents as required, and take a selfie of themselves holding their identification documents next to their face.
Step 7: Choose a trading platform and open an account
After completing the profile, you will be redirected to the main interface. Now, choose your desired trading platform: MT4, MT5, Exness Trader. Next click the “+” button and follow the instructions to open a trading account.
Outstanding features of Exness
Exness has been holding a leading position in the forex trading industry over the years, which is no coincidence. This trading platform has attracted the trust of many users because of the following outstanding advantages:
Provide knowledge and news for traders
Exness not only provides a professional trading platform but also sets up a page that provides the latest news from the market and necessary knowledge for investors. This homepage helps traders save time when searching for reliable sources of information to improve their knowledge and update important information about the market. From there, traders will be more confident when making trading decisions and optimizing investment results on Exness.
Simple, multilingual interface
The interface of the Exness website is considered user-friendly. With the main color tone being black and white, this platform is not distracting and does not have too many advertising banners like other platforms. The website’s layout is scientifically arranged with prominently designed registration and login buttons. Important items such as accounts, tools and trading platforms are placed on the menu bar to help users easily find information.
Exness supports up to 15 different languages to meet the needs of customers from many countries and regions around the world. The Exchange always ensures that every trader can experience and understand the services and information easily. In particular, Exness also supports Vietnamese and has support staff to quickly answer questions, bringing convenience and peace of mind to Vietnamese traders.
Good liquidity, large trading volume
Trading volume on Exness has increased significantly in 2021, 2022 and early 2023. This shows the stability of the Exness trading platform. This increase is not only a result of strategies to retain existing customers but also attract new customers. Exness’s outstanding growth has become a testament to the exchange’s reputation, product quality and good liquidity.
Unlimited minimum deposit
Most quality forex trading Exchange often impose a minimum deposit of 200 USD or more. However, Exness offers a completely different experience with two account types that do not require a specific minimum deposit. This makes Exness an ideal choice for new investors or those who want to test trading before making large investments.
VPS hosting wallet
Exness offers free VPS hosting for fast and reliable order execution. This service prevents the risk of transaction disruptions by providing uninterrupted internet coverage.
Comprehensive price history
Additionally, Exness allows clients to access a comprehensive price history archive of trading instruments. By visiting the Exness website, selecting a specific instrument and time period, users can download zip files containing historical buy/sell price data.
Disadvantages of Exness
In addition to the above outstanding advantages, Exness still has some limitations such as:
Complex accounts
Investors may encounter many difficulties when creating an Exness account because the registration process requires a lot of detailed information and strict verification steps. Although this makes the initial registration process complicated, it is also a way for Exness to ensure security and prevent fraudulent activities, protecting the interests of customers and the exchange.
Accounts are often locked
If an investor deposits a large amount of about 1 million USD during the day, Exness may consider blacklisting the account to check for activities showing signs of money laundering. This process may result in a temporary lock of the account for a few days to verify the source of funds before allowing the trader to continue trading. This shows that Exness attaches special importance to compliance with the law and protecting the interests of investors.
Slippage is high when there is new news
The spread at Exness is quite stable, but when there is important news, the spread can increase. This makes placing stop losses ineffective in some cases. However, this is also a common weakness of most other exchanges when important information is published.
Questions related to Exness Exchange
Is Exness legal?
Exness is one of the reputable forex brokers in the foreign exchange market. This exchange is licensed to operate by many reputable financial agencies globally such as FSA, CySEC, FCA, FSC, FSCA and CBCS. These agencies are responsible for monitoring and managing Exness’s operations, ensuring transactions take place in a transparent environment and comply with legal regulations. Therefore, investors can be completely assured about the legitimacy and reliability of Exness.
Is Exness a scam?
The answer is no. Exness operates under the management of the world’s leading financial corporations. With more than 15 years of operation in the market, Exness has built credibility and reputation in the forex industry. Exness’s long existence and approvals from various financial institutions are clear evidence of its reliability.
Why can’t I withdraw money on Exness?
Investors may have difficulty withdrawing money from Exness if they encounter problems such as:
The system is maintenance
Did not reach the minimum withdrawal amount
Use different deposit and withdrawal methods
The receiving account is locked
Make two withdrawal requests at the same time.
Why can’t I deposit money on Exness?
There are several possible reasons why investors cannot deposit money into Exness such as:
Exness account is not verified
The minimum deposit amount is not met
Limit the deposit amount of the payment method
Payment method is not supported or available in your area…
With the detailed information TraderForex shared above will help you better understand Exness. Traders can refer to it to make the most accurate investment decisions. This foreign exchange investment can bring a lot of profits but comes with a high level of danger and risk. Therefore, investors need to learn carefully about Exness to ensure effective transactions and limit risks.
The ratio has declined 35% in one month, reaching the lowest since March 13.
A month ago, CoinDesk discussed how spot ether (ETH) ETF speculation could spur an outflow of money from altcoins, including Solana’s SOL token and into ether.
The market has since behaved as expected, with the ratio between SOL and ETH’s dollar-denominated prices falling nearly 35% to 0.038 on Binance, the lowest since March 13, according to charting platform TradingView.
The decline has put the bears in control and further losses could be seen, according to crypto trader and analyst Josh Olszewicz.
“SOL/ETH [is] rolling over,” Olszewicz said on X, noting key bearish developments on the technical chart like the penetration of the Ichimoku cloud support.
Japanese journalist Goichi Hosada created the Ichimoku Cloud in the late 1960s. The indicator comprises five lines: Leading Span A, Leading Span B, Conversion Line or Tenkan-Sen (T), Base Line or Kijun-Sen (K) and a lagging closing price line. The difference between Leading Span A and B makes up the cloud, which is used to identify broader trends.
Crossovers below the cloud, as in SOL/ETH’s case, represent a bearish shift in the market trend.
The SOL/ETH chart also shows a failure of a usually bullish pattern called the ascending triangle, identified by a rising support line and a horizontal resistance line.
Ascending triangles develop when buyers are dominant and usually pave the way for extending the preceding uptrend. However, the SOL/ETH pair has dived below the ascending trendline support line, signaling a bearish trend change.
Though the path of least resistance is to the downside, the pair may see temporary recovery rallies should there be outflows from the Grayscale Ethereum Trust, according to Olzewicz.
Note that in the month following the debut of spot bitcoin ETFs in the U.S., the Grayscale Bitcoin Trust ETF saw $6.5 billion in outflows, offsetting substantial inflows into the other funds. Following the expected debut of spot ETFs in July, a similar dynamic might be seen in the ether market, keeping ETH gains in check.
Lastly, per Olszewicz, SOL may find takers if BlackRock applies to launch an ETF tied to SOL, although Olzewicz says the ETF giant is unlikely to do so.
“Watching for: – ETHE outflows pushing this pair higher, temporarily – Larry SOL ETF application, unlikely otherwise, this pair should continue to decline if the ETH ETF is successful,” Olszewicz said.
On June 18th, 2024, Cuc Phuong National Park, in collaboration with Save Vietnam’s Wildlife (SVW), achieved a significant milestone by successfully breeding 10 offspring of Owston’s Civets at the Carnivore and Pangolin Conservation Program (CPCP).
This achievement represents the most significant success to date in Owston’s Civet conservation and provides a crucial foundation for the future restoration of their populations in the wild.
The Owston’s Civet (*Chrotogale owstoni*) is a beautiful small carnivorous mammal with high ecological value, but it is extremely rare in the wild. Classified as Endangered in the IUCN Red List of 2016, it is listed as a prioritized species for protection in the IB list of Decree 84/2021/NĐ-CP. Geographically restricted, it is found only in Vietnam, Laos, and a small portion of southern China.
Illegal trafficking for wild meat consumption and the illegal pet trade have severely impacted the wild population of Owston’s Civets. Protecting and restoring this species has become a significant priority in biodiversity conservation efforts in Vietnam and worldwide. In 2019, SVW collaborated with the IUCN and other experts to establish the world’s first conservation strategy dedicated to Owston’s Civets. The strategy aims to establish a healthy and genetically diverse peripheral population, prevent the risk of extinction, and provide animals that meet the standards for restoring populations in the wild ¹.
To achieve these goals, Cuc Phuong National Park and SVW constructed a 1.3-hectare Conservation Breeding Area for Owston’s Civets in early 2023. By the end of 2023, they successfully introduced 4 female and 8 male Owston’s Civets into the breeding area for pairing, resulting in the healthy birth of 10 offspring. This achievement brings hope for the future of this endangered species and underscores the importance of conservation efforts to protect small carnivores like the striped civet.
Arkham previously identified the address as belonging to the German Federal Criminal Police Office (BKA), which had seized almost 50,000 BTC from a piracy site.
A German government agency today moved $425 million in bitcoin (BTC) to another wallet address, Arkham data appears to show, sending some on to crypto exchange deposit wallets and returning some to the starting point.
The wallet address, previously identified as belonging to the German Federal Criminal Police Office (BKA) by Arkham, moved 6,500 BTC to the address “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd” and then back to itself. Transactional data shows that a tranche of $32 million worth of bitcoin was deposited on crypto exchange Kraken and a similar amount on Bitstamp.
Arkham CEO Miguel More told CoinDesk over Telegram that the entity appeared to have moved $130 million in BTC to “service wallets,” which generally indicates an “intention to sell in the near future.”
Mantle blockchain strategist @Defi_Maestro flagged the movements on X earlier.
BKA seized almost 50,000 BTC, worth over $2 billion at the time, from the operators of Movie2k.to, a film piracy website that was active in 2013. The BKA received the bitcoin in mid-January after a “voluntary transfer” from the suspects, according to Arkham.
Pacific Airlines to Operate Routes to and from Tan Son Nhat Airport with Three Aircraft Leased from Vietnam Airlines
Pacific Airlines will resume operations with 3 aircraft. Photo: P.A.
According to sources from Tri Thuc – ZNews, Pacific Airlines has recently issued a document to its units, announcing the resumption of commercial operations. Specifically, after a period of restructuring its fleet, the airline will resume domestic flights to and from Tan Son Nhat Airport, starting from the end of June, using aircraft leased from Vietnam Airlines.
Confirming this information, Mr. Do Hong Cam, Deputy Director of the Civil Aviation Authority of Vietnam, stated that the airline will resume operations with three aircraft on routes to and from Ho Chi Minh City.
Previously, on March 19, a representative from Pacific Airlines stated that returning all its aircraft helped the company clear debts of approximately USD 220 million. This is part of Pacific Airlines’ restructuring strategy.
“Currently, Pacific Airlines has reached an agreement with the aircraft owners to clear debts of about USD 220 million. However, Pacific Airlines must commit to returning the entire A320 fleet to the owners. Therefore, from March 18, Pacific Airlines temporarily suspended flights to focus on ensuring the return of the aircraft as committed,” the representative said.
The low-cost airline’s representative also mentioned that they will dry lease three aircraft from Vietnam Airlines to restore operations. The airline will also leverage the existing resources of Vietnam Airlines Group to gradually enhance service quality with the goal of building Pacific Airlines into an efficient airline that quickly adapts to new environments and develops sustainably in the future.
During the suspension of flights, Pacific Airlines maintained its workforce by providing ground services for Bamboo Airways and Vasco.
The recently published annual report of Vietnam Airlines Corporation (HoSE: HVN) showed that in 2023, Pacific Airlines’ revenue increased by nearly 26% to VND 4,389 billion. However, the airline still reported a pre-tax loss of VND 1,499 billion, a decrease of 28% compared to the same period.
Thus, this low-cost airline has faced four consecutive years of losses, with accumulated losses exceeding VND 8,000 billion.
Regarding the fleet status of Vietnamese airlines, statistics from Planespotter indicate that Vietnam Airlines currently has a total of 91 aircraft. Meanwhile, Vietjet Air has 85 aircraft, Bamboo Airways has 7 aircraft, and Vietravel Airlines has 3 aircraft.
Recently, a representative from Vietnam Airlines announced that the company will receive three additional Airbus A320neo aircraft in 2024. The first aircraft is expected to be delivered at the beginning of July, during the peak of the summer travel season this year.
Although not visa-exempt like Thailand, Vietnamese tourists have surpassed Thai visitors to become the leading source of Southeast Asian tourists to South Korea.
Data from the Korea Tourism Organization shows that in 2019, Thailand was the top Southeast Asian country in terms of tourist arrivals to South Korea with 572,000 visits, surpassing Vietnam (554,000) and the Philippines (504,000). However, in the early months of this year, Thailand (119,000 visits) dropped to third place after Vietnam (163,000 visits) and the Philippines (158,000).
Regarding the growth rate of tourists to South Korea, China leads with a 470% increase, followed by Japan with 86%. Other Southeast Asian countries also saw significant growth, including the Philippines (76%), Indonesia (51%), Malaysia (35%), Vietnam (29%), and Singapore (11%).
Tourists on the streets of Seoul
Experts in the industry explain the 59% drop in Thai tourists compared to the same period in 2019 and the overtaking by Vietnamese tourists as being due to negative sentiments arising from being denied entry at South Korea’s borders.
The K-ETA (Korea Electronic Travel Authorization) system requires tourists from 112 visa-exempt countries to register and obtain online entry approval before departing for South Korea. However, unlike Japan, Taiwan, Hong Kong, or Singapore, Thailand is not included in the exemption list.
Additionally, the high number of K-ETA rejections and the lack of clear explanations for these rejections have caused dissatisfaction among Thai citizens. Some tourists, even after receiving K-ETA approval, were still denied entry upon arrival in South Korea, exacerbating the issue.
These stories of entry denial have become a hot topic on Thai social media, contributing to the decline in tourist numbers. The stricter entry requirements for Thai citizens are partly due to Thailand being the top source of illegal immigration to South Korea.
The Korean Ministry of Justice emphasizes that these measures are necessary to prevent illegal immigration and are not discriminatory against Thai citizens.
However, tourism authorities, aiming to attract 20 million foreign tourists annually, are concerned about the decline in visitors from a country that was once the leading Southeast Asian nation in terms of tourism to South Korea.
Vingroup Corporation has just been announced by Fortune magazine (USA) as the leading private enterprise in Vietnam and ranked 45th in the Top 500 largest enterprises in Southeast Asia (Southeast Asia 500).
This is the first year Fortune has organized the ranking of the 500 largest enterprises in Southeast Asia, following its globally renowned rankings such as the Fortune 500, Fortune Global 500, and the World’s Most Admired Companies. The ranking is based on total revenue and financial indices of businesses from seven countries in the region, including Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
Vietnam has 70 enterprises honored in the top 500 largest enterprises in Southeast Asia, with Vingroup ranked number 1 among domestic private enterprises and 45th among all seven countries.
Vinhomes Ocean Park 1 urban area with the iconic office tower Technopark is located in the Vingroup ecosystem
In addition to asset size criteria, Vingroup is highly rated in financial indicators and business efficiency. In 2023, the Group achieved $6,771.1 million in revenue, $86.3 million in profit, and total assets reached $27,521 million, as recorded by Fortune.
VinFast Company is rapidly expanding its presence in North America, Europe, Africa, the Middle East and Asian countries such as India, Indonesia, Philippines, Thailand…
Currently, Vingroup operates in multiple sectors, spanning industry, technology, commerce, services, and social philanthropy. Among them, VinFast, Vingroup’s pure electric car brand, has successfully listed its shares on the NASDAQ stock exchange (USA) and is rapidly expanding its presence in North America, Europe, Africa, the Middle East, and Asian countries such as India, Indonesia, the Philippines, and Thailand. Recently, VinFast was also honored by Time magazine (USA) in the Top 100 most influential companies in the world in 2024.
Other brands like Vinhomes, Vincom, Vinpearl, Vinmec, VinUni, Vinschool, VinBus, VinBigdata, VinAI, etc., are also leading the market in terms of product quality, services, and customer experience.
With the motto of connecting global intelligence, Vingroup is increasingly expanding its influence in the international market, continuously innovating and creating a high-class product and service ecosystem, contributing to improving the quality of life for people.
In this era of digitization, businesses generally concentrate on enhancing their fraud prevention measures to secure their landscape from cyber crimes. Security measures work to reduce the risks of financial losses and fraud attacks. Advancements in technology help organizations prevent crimes and fraud in this ever-changing modern world. Artificial intelligence and machine learning technology are used in fraud prevention strategies.
The use of modern techniques leads companies to develop safety measures against cyber attacks. Know Your Business is regulatory compliance. It involves modern AI and ML technology for the automatic verification of potential companies and organizations. Business verification services enable firms to strengthen their ties with other companies and sustain their growth rate with reliable ID authentication measures.
What is the Role of KYB Verification Checks for Business?
The Business Verification Process refers to verifying the partner companies before onboarding in order to combat money laundering and financial crimes. Business verification enables the organization to determine whether they are dealing with authentic entities or shell ones. It provides insight into organizational profiles to detect if they are reliable or not.
Know Your Business {KYB) is regulatory compliance, it provides assistance in working with only reliable and legal companies for partnerships and secure B2B relationships. This process involves automatic business verification checks to analyze various business documents such as tax filings, registrations, UBO details, and financial statements. It allows companies to identify risk associations, have insight into potential companies, and have fraud prevention measures.
Why is it Necessary to Avail Know Your Business KYB Service?
The KYB process of business verification is fast and accurate, and it enhances organizational reliability for secure partnerships. KYB checks allow firms to obtain detailed information about specific entities and verify businesses online through automatic checks. It enables companies to identify and validate business credentials online. Companies do not need to hire multiple entities for the KYB process. It secures their revenue and assists with automatic procedures. Additionally, Firms feel free to develop business relationships by using robust business verification checks.
How can the Digital KYB Solution Assist Real-time Security?
Business verification services help firms gather and verify various details, such as the company’s registration and details about UBOs as well as business structures. The KYB process involves various essential checks to regulate the secure business environment within the companies. Verification services aim to ensure the authenticity of the specific organization with which a business is dealing. It contributes to organizational security from various prevailing frauds such as money laundering, network breaches, and financial terrorism. The business verification process analyzes firms’ details and uncovers their ultimate beneficial owners, a company that owns at least 25% of company shares.
How Does the Know Your Business Process Take Place?
Business verification is an essential step for firms to ensure their partners’ authentication. It involves various ID verification checks to ensure organizational security from fraudsters. The business verification process involves the following steps to identify the legitimacy of a potential organization:
Collection and Inspection of Business Details
The initial step in business verification is to gather all the essential documentation, including all the legal papers, financial records, permits, and other proofs. All these documents ensure the companies’ legitimacy and authenticity. For the online KYB process, firms offer platforms to submit various documents in scanned form, and they are verified through automatic checking algorithms of artificial intelligence.
Verification of Companies License
Companies are required to verify the business’s licenses and permits. It ensures that the company is running legally and within the boundaries of regulations. Automatic checks of artificial intelligence review the government’s relevant websites and check the business’s license validity. It authenticates that the organization is aligned with all the legal requirements. Similarly, for businesses operating in the blockchain space, Ethereum RPC can be utilized to ensure real-time validation and transparency of transactions, adding an extra layer of security to the verification process
Outside Verification Through Social Media
In this age of modernization, every business has its media reputation and record. It is essential for companies to check industry publications and social media platforms to have enhanced verification of information. It serves as an additional layer of security and prevents fraudulent activities.
Background checking involves the identification of ownership and directors to validate the business’s authenticity and structure. KYB checklist works systematically and delves into background information to authenticate organizational legitimacy.
Final Words
Online KYB checks provide an in-depth analysis of companies’ profiles for secure business relations. Other than security from shell companies, business verification enhances the organizational work process and omits the hassle of manual processing. Know Your Business KYB is regulatory compliance, protecting firms from getting enrolled in fake partnerships and money laundering. Hence, businesses enhance their security against prevailing fraud attacks in this age of digitization through artificial intelligence.
Around June 22-23, 2024, a low-pressure area is expected to form in the northern and central regions of the East Vietnam Sea. There’s a 65-75% chance it will develop into a tropical depression and a 20-30% chance of becoming a storm.
If it strengthens, the tropical system could impact the northern and central East Vietnam Sea, including the Paracel Islands and the Gulf of Tonkin, from June 23-25, bringing thunderstorms, strong winds, and large waves.
Weather solutions company Weatherplus forecasts a 40-50% chance of the low-pressure system becoming a storm early next week.
Mariners are advised to stay updated on weather developments through the Vietnam coastal information radio system on frequencies 7906 and 8294 kHz and to plan safe movements and shelters. For immediate assistance, contact 7903 kHz.
Due to the gradual shift to the La Niña phase, the storm season in the East Vietnam Sea started earlier this year, with the first storm appearing on May 31, 2024. The 2024 storm season is expected to see 11-13 storms and tropical depressions, with 5-7 directly affecting Vietnam’s mainland.
Spot bitcoin ETFs are expected to be approved by major wirehouses and large private bank platforms in the third and fourth quarters, the report said.
Bitcoin (BTC) and crypto-linked stocks are underrated and ripe for institutional adoption, broker Bernstein said in a research report on Wednesday.
Bernstein notes that crypto bears have argued that the spot bitcoin exchange-traded fund (ETF) trade is over, that most of the early allocations were from retail investors, and that the majority of institutional demand was for the “basis cash and carry trade” and not new net long positions.
While this is true, “we see bitcoin ETFs as on the cusp of approvals at major wirehouses and large private bank platforms in Q3/Q4,” analysts Gautam Chhugani and Maihka Sapra wrote. Spot bitcoin ETFs were approved for the first time in the U.S. in January, dramatically broadening access to the world’s biggest cryptocurrency.
The institutional basis trade appears to be the “Trojan horse for adoption” and these investors are now evaluating net long positions as they become more comfortable with improving ETF liquidity, the authors wrote. The basis trade involves buying the spot bitcoin ETF and selling the bitcoin futures contract at the same time and then waiting for the prices to converge.
Bitcoin ETF inflows are expected to accelerate in the third and fourth quarters, the report said, and the next leg of adoption will be driven by large advisers approving ETFs and allocation headroom from existing portfolios.
The broker expects bitcoin to rise to a cycle high of around $200,000 by 2025, $500,000 by 2029 and $1 million by 2033.
Bernstein has an outperform rating on bitcoin miners Riot Platforms (RIOT) and CleanSpark (CLSK). The broker also has an outperform rating on software company and bitcoin acquirer MicroStrategy (MSTR) and trading platform Robinhood (HOOD).
The U.S. regulator closed its investigation into “Ethereum 2.0,” Consensys said.
The price of ether (ETH) rose after Consensys received letters from the U.S. Securities and Exchange Commission (SEC) saying the regulator had ended its investigation into the technology incubator company and was not going to recommend an enforcement action against it.
The SEC told Consensys, whose products include the MetaMask wallet, it was not bringing any enforcement actions in a pair of letters sent to its law firms on Tuesday. In a blog post, Consensys said the SEC was “closing its investigation into Ethereum 2.0.”
The letters had the subject line “Re: In the Matter of Ethereum 2.0 (C-08950),” but did not otherwise explicitly mention the blockchain associated with the second-largest cryptocurrency by market capitalization.
“We have concluded the investigation in the above-referenced matter,” one letter said. “Based on the information we have as of this date, we do not intend to recommend an enforcement action by the Commission against your client, Consensys Software Inc.”
The letter said that while it’s announcing the conclusion of an investigation, that should not be taken to mean there will never be an enforcement action.
“The Commission is instructing its staff that in cases where such action appears appropriate, it may advise a person under inquiry that its formal investigation has been terminated. Such action on the part of the staff will be purely discretionary on its part for the reasons mentioned above. Even if such advice is given, however, it must in no way be construed as indicating that the party has been exonerated or that no action may ultimately result from the staff’s investigation of that particular matter,” the letter said, citing a Wells Notice explainer on the SEC website.
A second letter echoed the language about concluding an investigation, while also saying it did not agree with any factual statements or legal conclusions expressed by Consensys’ own attorneys in a letter sent to the regulator asking about ETH’s status as a security given the SEC’s approval of certain spot ether exchange-traded fund application filings.
Consensys sued the SEC in April, alleging that the regulator was investigating whether Ethereum, post-merge, might be a security.
Ether rose as much as 2.6% after a Consensys post on X, data from TradingView show. It is up around 3% over the last 24 hours, according to data from CoinGecko. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, has added 1.2%.
