The crypto platform purchased Cyprus-based Allnew Investments to obtain a MiFID license and to offer securities and derivatives across Europe.
According to the company's product roadmap, CFDs for FX and others could enter the offering in the next few months.
Crypto.com logo
Cryptocurrency
exchange Crypto.com has obtained a Markets in Financial Instruments Directive
(MiFID) license through its acquisition of Cyprus-based A.N. Allnew Investments
Ltd, the operator of LegacyFX trading brand, the company announced today (Wednesday).
The
acquisition, approved by the Cyprus Securities and Exchange Commission (CySEC),
allows Crypto.com to offer a broader range of traditional financial products to
eligible users across the European Economic Area (EEA), including securities,
derivatives, and contracts for difference (CFDs).
Crypto.com Acquires Allnew
Investments, Secures MiFID License for European Expansion
The move
follows Crypto.com's January 2025 acquisition of a Markets in Crypto-Assets
(MiCA) license, which enabled the platform to passport its cryptocurrency
services throughout the European region. These dual authorizations position the
company to bridge traditional and digital asset markets under a unified
regulatory framework.
Kris Marszalek, CEO of Crypto.com, Source: LinkedIn
“Securing a
MiFID licence alongside our MiCA licence further solidifies Crypto.com’s
position in offering the most comprehensive and regulated suite of financial
products for users in the EEA,” said Kris Marszalek, Co-Founder and CEO of
Crypto.com. “We have already expanded our brand presence in Europe since
receiving our MiCA licence and we now look forward to providing customers
across the region even more ways to engage with our platform through these new
offerings.”
For
Crypto.com, the MiFID license represents the latest addition to its growing
regulatory portfolio. The company has pursued an aggressive acquisition
strategy, previously purchasing Fintek Securities, Charterprime, Orion
Principals, and SEC-registered broker-dealer Watchdog Capital.
CFDs Coming in Q3 2025
Plans to
add CFDs are not merely theoretical. Crypto.com’s product roadmap includes the
intention to launch FX, index, and commodities derivatives by the end of this
year, most likely in the third quarter.
This
suggests that the acquisition of LegacyFX, whose website remains active and
which is licensed by CySEC under license number 344/17, was aimed directly at
securing the regulatory approval needed to offer CFDs, which are popular in
Europe.
LegacyFX's license. Source: CySEC
Purchase-to-License
This
acquisition aligns with a growing trend among major cryptocurrency exchanges
seeking to diversify their service offerings through established regulatory
channels. Rather than navigating lengthy application processes, these platforms
are increasingly pursuing acquisitions of licensed entities as an entry point
to regulated markets.
The
derivatives sector has become a focal point of expansion for cryptocurrency
platforms seeking growth beyond spot trading. Earlier this month, U.S.-based
Coinbase acquired derivatives platform Deribit, with CEO Brian Armstrong
signaling continued interest in strategic acquisitions.
With both
MiFID and MiCA licenses secured, Crypto.com now has the regulatory clearance to
offer one of the most comprehensive product suites in the European
cryptocurrency market.
Cryptocurrency
exchange Crypto.com has obtained a Markets in Financial Instruments Directive
(MiFID) license through its acquisition of Cyprus-based A.N. Allnew Investments
Ltd, the operator of LegacyFX trading brand, the company announced today (Wednesday).
The
acquisition, approved by the Cyprus Securities and Exchange Commission (CySEC),
allows Crypto.com to offer a broader range of traditional financial products to
eligible users across the European Economic Area (EEA), including securities,
derivatives, and contracts for difference (CFDs).
Crypto.com Acquires Allnew
Investments, Secures MiFID License for European Expansion
The move
follows Crypto.com's January 2025 acquisition of a Markets in Crypto-Assets
(MiCA) license, which enabled the platform to passport its cryptocurrency
services throughout the European region. These dual authorizations position the
company to bridge traditional and digital asset markets under a unified
regulatory framework.
Kris Marszalek, CEO of Crypto.com, Source: LinkedIn
“Securing a
MiFID licence alongside our MiCA licence further solidifies Crypto.com’s
position in offering the most comprehensive and regulated suite of financial
products for users in the EEA,” said Kris Marszalek, Co-Founder and CEO of
Crypto.com. “We have already expanded our brand presence in Europe since
receiving our MiCA licence and we now look forward to providing customers
across the region even more ways to engage with our platform through these new
offerings.”
For
Crypto.com, the MiFID license represents the latest addition to its growing
regulatory portfolio. The company has pursued an aggressive acquisition
strategy, previously purchasing Fintek Securities, Charterprime, Orion
Principals, and SEC-registered broker-dealer Watchdog Capital.
CFDs Coming in Q3 2025
Plans to
add CFDs are not merely theoretical. Crypto.com’s product roadmap includes the
intention to launch FX, index, and commodities derivatives by the end of this
year, most likely in the third quarter.
This
suggests that the acquisition of LegacyFX, whose website remains active and
which is licensed by CySEC under license number 344/17, was aimed directly at
securing the regulatory approval needed to offer CFDs, which are popular in
Europe.
LegacyFX's license. Source: CySEC
Purchase-to-License
This
acquisition aligns with a growing trend among major cryptocurrency exchanges
seeking to diversify their service offerings through established regulatory
channels. Rather than navigating lengthy application processes, these platforms
are increasingly pursuing acquisitions of licensed entities as an entry point
to regulated markets.
The
derivatives sector has become a focal point of expansion for cryptocurrency
platforms seeking growth beyond spot trading. Earlier this month, U.S.-based
Coinbase acquired derivatives platform Deribit, with CEO Brian Armstrong
signaling continued interest in strategic acquisitions.
With both
MiFID and MiCA licenses secured, Crypto.com now has the regulatory clearance to
offer one of the most comprehensive product suites in the European
cryptocurrency market.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Kalshi Prediction Market and TRON Integration Bridges Traditional Finance with Crypto
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
