Plus500 on Wednesday said it ‎has been notified by the UK Listing Authority, the name given to the FCA when acting in its listing capacity, that its request to list on the London Stock Exchange’s main market has been approved.

London’s main market is the flagship market for larger, more established companies, while AIM is a more suitable venue for listing growing companies that might not meet the full criteria for admission.

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Israeli-based but London-stock market listed CFD provider Plus500 has grown significantly in both operations and capitalization since its IPO in London’s junior Aim market in 2013. In addition, Plus500 reported a triple-digit jump in revenues and profits in Q1 2018, thanks in part to the popularity of its cryptocurrency offerings.

The company’s share price has more than doubled over the past few months. As such, Plus500 believes that a move to the senior market of the London Stock Exchange is now appropriate. Furthermore, the directors believe that this move will improve the liquidity in the company’s shares.

Shares in Plus500 closed up 2.35 percent on Wednesday to £1,613, giving the company a market capitalization of £1.83 billion.

Plus500 said it expects its shares to be admitted to the main market and simultaneously canceled on Aim on June 26.

It further explained: “The Company is not raising any funds or issuing any new shares in connection with Admission. The Company’s TIDM code on the London Stock Exchange will continue to be PLUS and its ISIN will remain IL0011284465 and its SEDOL number BBT3PS9. On Admission, the Company’s issued share capital will be 114,888,377 shares, of which 980,146 are treasury shares.”

Plus500 was formed in 2008 and is currently one of the biggest CFD, FX and spread betting providers in the ‎United Kingdom, trailing behind IG. According to the firm’s annual financial statement for the first-quarter, ‎Plus500 posted a whopping 284 percent increase in revenue to $297.3 million, with a net profit of $237.3 million, up 418 percent year-over-year. ‎

However, Plus500’s CEO Asaf Elimelech said the upbeat performance could be impacted by the ESMA new measures.