Trading 212 Launches Crypto Trading via Cyprus Unit

Trading 212 launches crypto trading under its Cyprus unit, offering Bitcoin, Ethereum, Solana, and other major assets.

Key points:

• Trading 212 has launched crypto trading under its Cyprus-based entity, offering Bitcoin, Ethereum, Solana, and other major cryptocurrencies through a separate crypto account for EU users.
• Trading 212’s Cyprus unit, licensed as a Crypto Asset Service Provider, will handle the new crypto offering under EU regulation, excluding UK users.

Trading 212 has officially entered the cryptocurrency trading space, expanding its product offering beyond traditional equities and CFDs. The London-headquartered fintech announced the launch of crypto trading services under its Cyprus-based entity, Trading 212 Markets, allowing users in the European Union to access digital asset markets.

The new crypto trading platform will initially support major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and a selection of other prominent assets. Importantly, users will need to open a dedicated crypto account, separate from their regular CFDs accounts, to access these instruments.

Trading 212 clarified that crypto trading will be conducted under the oversight of the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with EU regulatory standards. However, UK-based users, who represent a substantial portion of the broker’s client base, will not have access to the crypto offering for now.

Trading 212 Launches Crypto Trading via Cyprus Unit

The move comes amid strong financial results for the company. Trading 212 generated £150 million from its UK brokerage operations in 2024, while its Cyprus unit contributed £42.2 million, marking a doubling of its revenue in the region. Overall, the group ended 2024 with £194.1 million in revenue and £43.7 million in net profit, bolstered by contributions from its FXFlat subsidiary in Germany, which added over £1 million following its acquisition.

Trading 212 operates through multiple subsidiaries in the UK, Bulgaria, Cyprus, Australia, and Germany, reflecting its global footprint. Originally founded in Bulgaria in 2004 as Avus Capital, the broker incorporated in the UK in 2013 and has since evolved into one of Europe’s most recognized retail trading platforms.

The launch of crypto trading follows Trading 212’s recent appointment of Christos Drakos as Head of Crypto Operations. Drakos, formerly of Revolut and ETX Capital, is expected to spearhead the broker’s digital asset expansion.

The broker’s crypto ambitions have been in motion for some time. Last year, Trading 212 established a dedicated crypto entity in Cyprus and secured a Crypto Asset Service Provider (CASP) licence, enabling it to offer spot crypto trading under local regulation. While the long-term strategy for this entity remains undisclosed, this launch signals the company’s growing commitment to the crypto sector.

Trading 212’s entry into crypto follows similar moves by other major trading platforms. IG Group, the UK’s largest retail broker, recently expanded its crypto footprint through a partnership with Uphold and the acquisition of an Australian crypto exchange. The company also registered with the Financial Conduct Authority (FCA) as a crypto service provider.

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