What is a MiCA licence?
The European licence for spot crypto services — what it covers and why it matters.
What is MiFID II?
The EU licence required for perpetuals, derivatives and tokenised stocks.
What is PSD2 / EMI?
The payment licence behind your euros — the least known of the three.
Cross collateral explained
Use multiple assets as margin at once, without selling first.
Capital efficiency explained
How hard does your capital work? The four factors that decide it.
Perpetuals vs expiry futures
True perps versus 5-year X-Perps — the differences that matter.
Real stocks vs wrapper tokens
What do you actually own when you buy a tokenised stock?
Yield on collateral explained
Earning interest on your margin while your trades stay open.
Stocks on-chain explained
How tokenised stocks work, the types that exist and what to check.
True Cost of Trading
Fees, spread, yield and lending — your real trading costs.
Proof of Reserves explained
How exchanges prove they actually hold your money.
24/5 stock trading
Trading outside market hours: how pricing works and where the risks are.