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12° Nicosia,
05 May, 2026
 

Capital.com eyes expansion and Cyprus fintech push with new electronic money plans

Trading platform reports higher volumes and considers EMI licence as part of long-term growth strategy.

Panayiotis Rougalas

Panayiotis Rougalas

Capital.com is exploring further international expansion, including new hiring in Bahrain, Azerbaijan and Germany, following an 11.2% rise in trading volumes in the first quarter of 2026.

At the same time, job listings suggest the company is preparing to establish an Electronic Money Institution (EMI) in Cyprus as part of its long-term strategic plans.

According to reporting by Finance Magnates, the trading company has posted a vacancy for a CEO to lead a Cyprus-based EMI entity that would operate under a license supervised by the Central Bank of Cyprus.

The company confirmed to Finance Magnates that it is “exploring the development of an EMI business as part of its long-term strategy,” although it has not clarified whether it has already secured the relevant license.

Capital.com was founded in Cyprus in 2016 by entrepreneur Viktor Prokopenya, founder of global investment firm VP Capital. In April 2027, it obtained a Cyprus Investment Firm (CIF) license from the Cyprus Securities and Exchange Commission (CySEC), allowing it to operate as a fully regulated entity in the country.

In July 2017, it became the first broker in Europe to launch a mobile trading platform, offering clients the ability to trade on the go.

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Cyprus  |  fintech  |  business

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