Trading 212 Taps Former Revolut Exec Christos Drakos to Lead Crypto Operations

Trading 212 is sharpening its focus on digital assets by appointing Christos Drakos, a former Revolut and ETX Capital executive, as its Head of Crypto.

The move highlights the broker’s plans to expand its regulated crypto services across Europe. Drakos will lead crypto operations from Trading 212’s office in Cyprus. He brings experience from several well-known financial firms.

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Industry Veteran Takes Charge

He joins from the fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term giant Revolut, where he most recently served as the Executive Director for slightly more than three years. Based in Cyprus, Drakos has served in the same capacity at ArgusFX and ETX Capital.

With the CASP license in place, Trading 212 is preparing to expand beyond traditional stock and CFD offerings. The appointment of Drakos signals that Trading 212 is building leadership capacity to execute its crypto strategy across the EU.

Early this year, after Trading 212 confirmed the departure of its Chairman, Andrew Bole, the company appointed Gary Dixon as his successor. Bole had served as Non-Executive Chairman since 2020, a period during which the broker expanded its presence across several international markets.

Dixon stepped into the role with close to four years of experience at Trading 212, having served as a Non-Executive Director and Chair of the audit committee.

Strengthening Crypto Offerings

Last year, Trading 212 secured a crypto asset service provider (CASP) license from the Cyprus Securities and Exchange Commission (CySEC CySEC The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision The Cyprus Securities and Exchange Commission (CySEC) is a financial regulatory authority of Cyprus. CySEC is one of the key watchdog authorities for brokerages in Europe, whose financial regulations and operations comply with the European MiFID financial harmonization law.Founded in 2001, CySEC is instrumental in providing licensing and registration for forex brokers and previously binary options providers.CySEC is responsible for a variety of different functions, which includes the supervision Read this Term). The approval was granted to Trading 212 Crypto Ltd, a separate entity from the group’s existing Cyprus Investment Firm, Trading 212 Markets Ltd.

Keep reading: Trading 212 Gains Crypto License in Cyprus

The license allows the company to provide services, including exchanges between crypto assets and fiat currencies, and custodial services for digital assets. It places Trading 212 among the growing number of firms expanding into regulated cryptocurrency activities within the European Union.