Trading 212 Launches Crypto Trading Under Cyprus Unit

Trading 212 has officially launched cryptocurrency trading services, marking a significant expansion of its product offering. The move comes just weeks after the company appointed Christos Drakos—formerly of Revolut and ETX Capital—as the lead for its crypto operations. The new crypto services will be offered through the broker’s Cyprus-based subsidiary, Trading 212 Markets.

With the rollout, Trading 212 users will now be able to trade major digital assets, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), among others. The broker clarified that crypto trading will only be available through a dedicated crypto account, which is separate from its standard contracts for difference (CFDs) trading account.

The crypto offering will operate under Cyprus regulation, allowing access primarily for European Union clients. However, UK customers—who make up a large portion of Trading 212’s user base, will likely not be able to access the new crypto instruments due to regulatory restrictions.

Trading 212’s Cypriot arm, which operates under the Trading 212 Markets Ltd licence, saw its revenue double in 2024 to £42.2 million, though it remains a smaller contributor compared to the UK business, which generated £150 million during the same period.

Overall, the Trading 212 Group reported £194.1 million in total revenue and a net profit of £43.7 million in 2024. The broker’s acquisition of Germany’s FXFlat also contributed over £1 million to the group’s bottom line.

Trading 212 Launches Crypto Trading Under Cyprus Unit

The group now oversees operations across the UK, Bulgaria, Cyprus, Australia, and Germany, focusing increasingly on the UK and EU markets. Founded in Bulgaria in 2004 as Avus Capital, Trading 212 later incorporated in the UK in 2013, evolving into one of the region’s most popular retail trading platforms.

Trading 212’s latest expansion aligns with its broader strategy to diversify beyond traditional CFDs and stockbroking. The company has already introduced multi-currency payment cards and continues to strengthen its European operations.

In 2024, Trading 212 established a dedicated crypto entity in Cyprus and secured a Crypto Asset Service Provider (CASP) licence from the island nation’s regulator. While this licence enables the company to offer spot crypto trading, its long-term ambitions in the digital asset space remain to be seen.

The appointment of Christos Drakos signals Trading 212’s commitment to building a sustainable crypto infrastructure. Drakos’s experience at Revolut, where he worked on expanding crypto offerings, is expected to play a key role in shaping Trading 212’s approach.

Trading 212’s entry into crypto comes amid a broader push by retail brokers to capture the growing interest in digital assets. IG Group, for example, has expanded into crypto through a partnership with Uphold, an acquisition of an Australian crypto exchange, and a registration with the UK’s Financial Conduct Authority (FCA) as a crypto service provider.

With this launch, Trading 212 joins the ranks of brokers like IG, CMC Markets, and Robinhood, all of which are strengthening their crypto portfolios to stay competitive in a rapidly evolving trading landscape.

As the regulatory environment across Europe continues to mature under frameworks such as MiCA (Markets in Crypto-Assets Regulation), Trading 212’s move positions it well to capture demand from EU-based traders seeking a regulated platform for crypto investing.

Getting to Know the Stock Broker 

• European & UK-regulated broker 
• Commission-free trading for stocks & ETFs 
• Intuitive web & mobile trading interface 
• Attractive interest rates on cash holdings 
• Watch out for elevated fees, especially conversion fees. 

Also, check out Stock Brokers Reviews for the latest enhancements and take your trading to the next level!