A group of investors represented by CXNEST bought the crypto platform.
The deal has been closed after a transaction period of 18 months.
VP Capital, which owns Capital.com and Currency.com, sold the latter (a cryptocurrency platform) to a group of investors represented by CXNEST Ltd. Announced today (Monday), the sale has been completed after an 18-month-long transaction period. The new owners also took full control of Currency.com and its subsidiaries.
“The sale of Currency.com marks a strategic shift for VP Capital Ltd, allowing us to focus on our core investments, while ensuring that Currency.com receives the dedicated leadership and resources it needs to thrive under its new ownership,” said Nikolai Markovnik, a representative of VP Capital Ltd. “We are confident that CXNEST Ltd and its investors will drive the platform’s next stage of growth and innovation.”
However, the financials involved in the Currency.com sale remain unknown.
The announcement further highlighted that the sale will have no impact on existing Currency.com users.
“We see significant potential in Currency.com and plan to invest in expanding its capabilities to meet the growing demands of digital asset users,” said Konstantin Anisimov, a representative of CXNEST Ltd.
Although Viktor Prokopenya, the founder of VP Capital, exited from Currency.com, he still controls the Capital.com platform, which is expanding its footprint in both geographies and products. The UAE unit of Capital.com handled a record $468.9 billion in trading volumes in 2024, while the overall platform's figure touched $1.7 trillion.
Interestingly, Capital.com has also changed its corporate structure towards more decentralization. After the resignation of Kypros Zoumidou as the Group CEO last November, the broker decided to have four regional CEOs, rather than one controlling the overall operations.
VP Capital, which owns Capital.com and Currency.com, sold the latter (a cryptocurrency platform) to a group of investors represented by CXNEST Ltd. Announced today (Monday), the sale has been completed after an 18-month-long transaction period. The new owners also took full control of Currency.com and its subsidiaries.
“The sale of Currency.com marks a strategic shift for VP Capital Ltd, allowing us to focus on our core investments, while ensuring that Currency.com receives the dedicated leadership and resources it needs to thrive under its new ownership,” said Nikolai Markovnik, a representative of VP Capital Ltd. “We are confident that CXNEST Ltd and its investors will drive the platform’s next stage of growth and innovation.”
However, the financials involved in the Currency.com sale remain unknown.
The announcement further highlighted that the sale will have no impact on existing Currency.com users.
“We see significant potential in Currency.com and plan to invest in expanding its capabilities to meet the growing demands of digital asset users,” said Konstantin Anisimov, a representative of CXNEST Ltd.
Although Viktor Prokopenya, the founder of VP Capital, exited from Currency.com, he still controls the Capital.com platform, which is expanding its footprint in both geographies and products. The UAE unit of Capital.com handled a record $468.9 billion in trading volumes in 2024, while the overall platform's figure touched $1.7 trillion.
Interestingly, Capital.com has also changed its corporate structure towards more decentralization. After the resignation of Kypros Zoumidou as the Group CEO last November, the broker decided to have four regional CEOs, rather than one controlling the overall operations.
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
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