Is Capital.com About to Launch Physical Crypto Services?

Capital.com, the contracts for differences (CFDs) broker owned by billionaire Viktor Prokopenya, might be planning to launch physical cryptocurrency services.

Capital.com Looks for a “Head of Technology – Digital Assets”

The broker is hiring a “Head of Technology/Tech Lead – Digital Assets” whose responsibility will be “to lead engineering across our digital assets product suite.”

The job post further detailed: “You’ll work closely with the Digital Assets Product Director to deliver reliable and scalable crypto infrastructure, supporting everything from on-chain wallet flows to fiat conversions and trading execution.”

Read more: IG Group to Offer Crypto Trading to Retail Clients; XTB Plans to Launch Spot Cryptocurrencies

The ideal candidate for the role also needs expertise in wallet management, custody solutions, key handling, and crypto protocols.

The broker is further seeking someone with experience of custody platforms, staking providers, and scaling systems that handle real-time transactions, settlement, and on-chain operations.

Furthermore, the potential candidate should be familiar with the regulated environments of Dubai, the United Kingdom, and the European Union’s MiCA.

The job post indicates that Capital.com is planning to add physical cryptocurrency-related services.

However, the broker has not announced any plans to launch crypto-related services.

“As part of our long-term strategy, we continue to invest in scalable infrastructure and emerging technologies, including blockchain, to future-proof our platform and respond to evolving client needs,” a Capital.com representative told FinanceMagnates.com. “We already offer CFDs on crypto-assets in many of our regulated markets and are closely monitoring regulatory progress and client demand in this space.”

“Investing in talent and infrastructure is a forward-looking move to ensure we’re well positioned to support a broader range of capabilities in the future, in line with the highest compliance standards,” they added.

CFDs to Crypto

Capital.com is known for offering forex and CFD brokerage services. It currently provides services with authorisations from regulators in the UK, Cyprus, the UAE, the Bahamas, and the Seychelles.

Although its current licences allow it to provide crypto CFDs in certain jurisdictions, it cannot offer physical cryptocurrency-based products or services.

It remains unclear whether the broker is planning to obtain any crypto licence in any jurisdiction.

However, Prokopenya earlier owned Currency.com, a crypto-specific platform. He sold that platform earlier this year to a group of investors represented by CXNEST.

Meanwhile, the trading volume on Capital.com’s platform continues to rise. In the second quarter of the current year, the broker handled $849.6 billion in client trading volumes, a 29 per cent increase quarter over quarter.

Recently, Capital.com hired Travis Robson as the CEO for South Africa, hinting at its plans for expansion into the African markets.