Authorised to operate as a Cyprus Investment Firm (CIF), CEX.IO Broker can provide investment and professional trading services – including, but not limited to, transferable securities, derivatives, and foreign exchange – within the European Union under the MiFID II framework.
“Obtaining the CySEC license was a crucial milestone. Launching a service under this license will provide our users with a regulated platform to work with digital asset-based derivatives. CEX.IO Broker also opens the path for forex traders in Europe to a new industry and asset class. By offering a multitude of services, we provide the opportunity for our users to grow in our very own ecosystem,” – Oleksandr Lutskevych, founder and CEO of CEX.IO, stated.
The CySEC granted the CIF license to CEX.IO Broker upon the company’s compliance with all the relevant requirements provided in the Investment Services and Activities and Regulated Markets Law of 2017.
“At CEX.IO Group, we are committed to eliminating the technological barriers that prevent users from engaging in different cryptocurrency-related activities. The purpose of our products is to act as a bridge into the open financial system. With our CySEC license, we provide regulated services on the newly launched CEX.IO Broker platform, allowing traders to work with digital asset derivatives in a safe and transparent environment,” Oleksandr explained.
Founded in 2013, CEX.IO is a prominent service provider in the cryptocurrency industry that has been mostly known for the company’s pioneer digital asset exchange platform.
Over the years, the group has been working hard to expand its ecosystem with new crypto solutions, including the B2B fiat to crypto on/off-ramp solution CEX Direct, the technical solution for liquidity aggregation, CEX.IO Aggregator, as well as the identity verification and compliance platform, Identance. Recently, CEX.IO started offering cryptocurrency-backed loans, CEX.IO Loan, and staking services, CEX.IO Staking.
“We are delighted to expand our ecosystem with the regulated services of the CEX.IO Broker platform. Right now, the market is undergoing a period of rapid growth in cryptocurrency derivatives. Our objective is to offer an elegant solution, where users understand the instruments, manage the risks, and put assets to work to achieve their goals,” Oleksandr added.
*CEX.IO Broker is a trade name of CEX Markets Ltd. CEX Markets Ltd. is authorised and regulated by the Cyprus Securities and Exchange Commission (licence no. 381/19).