Trading 212 Hires Revolut’s Christos Drakos to Lead Crypto From Cyprus
Trading 212 has turned to a seasoned fintech operator to build out its crypto arm, hiring Christos Drakos, formerly of Revolut, ETX Capital and ArgusFX, to run digital asset operations from Cyprus.
The appointment, announced Wednesday, comes as the broker prepares to roll out regulated crypto services under its Cypriot crypto license.
Drakos is no stranger to the island’s financial sector. At Revolut he served as executive director for more than three years, overviewing operations at the group’s Cyprus entity, which holds a (CASP) registration with the Cyprus Securities and platform Commission (CySEC). He previously held senior roles at ETX Capital, once a mainstay of the contracts-for-difference (CFD) market, and ArgusFX, a Cyprus-based investment firm.
That track record gives him first-hand knowledge of how to build, and at times rebuild, . ETX ultimately rebranded as OvalX in 2022 before winding down in 2023, while ArgusFX continues to operate under its long-standing CySEC license.
For Trading 212, the hire plugs directly into a broader strategy. The company secured its own CySEC CASP registration in May 2024 for Trading 212 Crypto Ltd, opening the door to offer spot-crypto services across the bloc. It already runs Trading 212 Markets Ltd, a Cyprus-licensed securities arm. Concentrating both securities and crypto operations in Limassol allows the broker to build compliance and operations teams under one regulatory umbrella.
The timing is deliberate. The EU’s new Markets in Crypto-Assets (MiCA) regime took effect at the end of 2024, giving firms with CySEC registrations a passport to operate across the bloc. While MiCA raises supervisory requirements, it also replaces a patchwork of national rules with a single framework—an opportunity for brokers with scale.
Trading 212 has been expanding on other fronts as well. In 2024 it bought FXFlat Bank GmbH, a BaFin-supervised German broker, giving it a foothold in Europe’s largest retail trading market. FXFlat, now part of Trading 212, began offering commission-free investing in Germany in ahead 2025.
Governance has also been refreshed. Earlier this year, following the departure of Andrew Bole, who had led the board since 2020. Dixon, previously a non-executive director and audit chair, stepped in as the company scaled its international presence.
The app, which made its name offering commission-free access to stocks and CFDs, has long flagged plans to add crypto alongside equities and ETFs. While customers can trade crypto-related stocks and funds, spot . Industry trackers noted through 2025 that the app was waiting on personnel and systems before rolling out.
Drakos’ arrival suggests the pieces are now in place. With crypto and securities entities established in Cyprus, a banking foothold in Germany, and MiCA rules offering an EU-wide passport, Trading 212 is positioning itself to add crypto to its core menu.
For Drakos, the challenge is turning licensing and infrastructure into a live product that appeals to the identical millions of retail clients who use the platform for equities. For Trading 212, the bet is that crypto can be folded into the low-fee, mass-market model that powered its rise in equities—and that Cyprus, already the epicenter of its EU operations, is the place to run it from.
