Capital.com Sells Currency.com to Investors Led by CXNEST After 18-Month Deal
Capital.com Group has finalized the sale of its cryptocurrency trading platform, Currency.com, to a group of investors represented by CXNEST Ltd.
The deal, completed after an 18-month transaction period, transfers full ownership of Currency.com and its subsidiaries to the new investors, according to a report by Finance Magnets.
While financial details of the deal remain undisclosed, the sale was only finalized after receiving approvals from 28 U.S. state regulators and the Gibraltar Financial Services Commission.
Currency.com Expands from Gibraltar to U.S. Market Following 2020 License
Currency.com has operated under a Gibraltar license since 2020 and expanded into the U.S. market in 2022.
Nikolai Markovnik, a representative of VP Capital Ltd.—the investment firm that previously owned Currency.com—described the sale as a strategic move.
“This transaction allows VP Capital Ltd. to focus on core investments while ensuring that Currency.com benefits from new leadership and dedicated resources,” he said.
“We are confident that CXNEST Ltd. and its investors will drive the platform’s next phase of growth and innovation.”
Commenting on the acquisition, Konstantin Anisimov, a representative of CXNEST Ltd., highlighted the firm’s growth ambitions.
“We see significant potential in Currency.com and plan to invest in expanding its capabilities to meet the growing demands of digital asset users,” he said.
Despite exiting Currency.com, Belarusian billionaire Viktor Prokopenya retains control of Capital.com, which continues its global expansion.
In 2024, the broker’s UAE unit handled a record $468.9 billion in trading volumes, contributing to an overall platform total of $1.7 trillion.
Capital.com has also restructured its corporate leadership.
Following the resignation of Group CEO Kypros Zoumidou in November 2024, the company transitioned to a decentralized leadership model, appointing four regional CEOs instead of a single executive overseeing all operations.
The post Capital.com Sells Currency.com to Investors Led by CXNEST After 18-Month Deal appeared first on Cryptonews.
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Capital.com Sells Currency.com to Investors Led by CXNEST After 18-Month Deal
Capital.com Group has finalized the sale of its cryptocurrency trading platform, Currency.com, to a group of investors represented by CXNEST Ltd.
The deal, completed after an 18-month transaction period, transfers full ownership of Currency.com and its subsidiaries to the new investors, according to a report by Finance Magnets.
While financial details of the deal remain undisclosed, the sale was only finalized after receiving approvals from 28 U.S. state regulators and the Gibraltar Financial Services Commission.
Currency.com Expands from Gibraltar to U.S. Market Following 2020 License
Currency.com has operated under a Gibraltar license since 2020 and expanded into the U.S. market in 2022.
Nikolai Markovnik, a representative of VP Capital Ltd.—the investment firm that previously owned Currency.com—described the sale as a strategic move.
“This transaction allows VP Capital Ltd. to focus on core investments while ensuring that Currency.com benefits from new leadership and dedicated resources,” he said.
“We are confident that CXNEST Ltd. and its investors will drive the platform’s next phase of growth and innovation.”
Commenting on the acquisition, Konstantin Anisimov, a representative of CXNEST Ltd., highlighted the firm’s growth ambitions.
“We see significant potential in Currency.com and plan to invest in expanding its capabilities to meet the growing demands of digital asset users,” he said.
Despite exiting Currency.com, Belarusian billionaire Viktor Prokopenya retains control of Capital.com, which continues its global expansion.
In 2024, the broker’s UAE unit handled a record $468.9 billion in trading volumes, contributing to an overall platform total of $1.7 trillion.
Capital.com has also restructured its corporate leadership.
Following the resignation of Group CEO Kypros Zoumidou in November 2024, the company transitioned to a decentralized leadership model, appointing four regional CEOs instead of a single executive overseeing all operations.
The post Capital.com Sells Currency.com to Investors Led by CXNEST After 18-Month Deal appeared first on Cryptonews.
Read More