Key Insights
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Crypto.com acquired Cyprus-based A.N. Allnew Investments Ltd, securing a MiFID license to expand traditional financial offerings in the European Economic Area.
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The acquisition complements its existing MiCA license, allowing Crypto.com to offer securities, derivatives, and CFDs across Europe, with CFDs planned for Q3 2025.
LIMASSOL, Cyprus (MarketsXplora) – Cryptocurrency platform Crypto.com has significantly broadened its European footprint after acquiring Cyprus-based A.N. Allnew Investments Ltd, the company behind the LegacyFX trading brand. The strategic purchase, approved by the Cyprus Securities and Exchange Commission (CySEC), grants Crypto.com a coveted Markets in Financial Instruments Directive (MiFID) license, the company announced on Wednesday.
The MiFID license paves the way for the Singapore-headquartered exchange to offer a broader array of traditional financial products — including securities, derivatives, and contracts for difference (CFDs) — to eligible users throughout the European Economic Area (EEA).
The move complements Crypto.com’s earlier regulatory milestone in January 2025, when it secured a Markets in Crypto-Assets (MiCA) license, enabling it to passport its cryptocurrency services across the EU bloc. Together, the two licenses form a dual regulatory framework, giving Crypto.com the green light to integrate digital and traditional financial services under a single operational umbrella.
“Securing a MiFID licence alongside our MiCA licence further solidifies Crypto.com’s position in offering the most comprehensive and regulated suite of financial products for users in the EEA,” said Kris Marszalek, Co-Founder and CEO of Crypto.com. “We have already expanded our brand presence in Europe since receiving our MiCA licence and we now look forward to providing customers across the region even more ways to engage with our platform through these new offerings.”
The acquisition marks the latest chapter in Crypto.com’s aggressive regulatory expansion. The exchange has previously acquired a series of regulated entities, including Fintek Securities, Charterprime, Orion Principals, and SEC-registered broker-dealer Watchdog Capital, as part of a deliberate strategy to establish a compliant global footprint.
CFDs Slated for Launch in Q3 2025
The company’s ambitions in the derivatives space are set to materialize later this year, with plans to roll out FX, index, and commodities CFDs by the third quarter. The LegacyFX acquisition appears to have been specifically structured to obtain the regulatory approval needed to introduce these products, which remain a popular trading instrument across Europe.
LegacyFX continues to operate under CySEC license number 344/17, signaling that the acquired entity remains compliant with regional standards and is well-positioned to serve as a launchpad for Crypto.com’s derivatives offerings.
The acquisition highlights a growing trend among major crypto exchanges to bypass the lengthy and often uncertain licensing process by acquiring regulated entities. The ‘purchase-to-license’ strategy allows firms to fast-track entry into tightly controlled markets.
Crypto.com follows in the footsteps of rival exchange Kraken, which just a day earlier launched regulated derivatives trading in Europe under MiFID II via its Payward Europe Digital Solutions unit, following its acquisition of futures platform NinjaTrader.
The derivatives arms race is heating up across the industry. Earlier this month, U.S.-based Coinbase snapped up derivatives platform Deribit, with CEO Brian Armstrong signaling further interest in similar strategic deals to bolster product diversification.
Crypto.con Appoints Kevin Algeo as Senior VP of Capital Markets
To support its growing ambitions in capital markets, Crypto.com has also bolstered its leadership ranks. The firm has appointed South Africa-based Kevin Algeo as Senior Vice President of Capital Markets – International. Algeo brings more than a decade of experience in the CFD trading industry, having held senior roles at IG Group between 2013 and 2024, including CEO for Australia & New Zealand and CEO for APAC & Africa.
With MiFID and MiCA licenses in hand, a reinforced executive team, and a clear roadmap for launching regulated derivatives, Crypto.com now stands among the most comprehensively authorized digital asset platforms in Europe.