Who is behind the launch of new CySEC-licensed CFDs broker Investing.one?

How much worth of XTB shares did major shareholder Jakub Zablocki just sell?

Which CySEC-licensed CFDs broker did Crypto.com buy? What does it plan to do with its new EU license?

Who are the new CEOs at Retail FX and CFDs brokers Deriv, and CMS Financial?

Some of the most read and commented-on FX/CFD industry news stories to appear over the past seven days on FNG included:

Top FX and CFDs industry news stories this week

Exclusive: New CySEC licensed CFDs broker Investing.one launching. FNG Exclusive… FNG has learned that a newly-licensed Cyprus based CFDs broker called Investing.one is getting set to launch. The broker’s website at url investing.one is now up with a (humorously misspelled) “coming soon” page. Investing.one is being operated by a new company (established in 2022) called Tradeplace Ltd, which was recently granted a CIF licensed by Cyprus financial regulator CySEC. Investing.one / Tradeplace is formally headquartered in Cyprus, but it appears as if much of its operations and back office will be based in Sofia, Bulgaria.

Exclusive: XTB major shareholder Jakub Zablocki cashes out (another) $194 million. FNG Exclusive… FNG has learned via regulatory filings made in Poland that XTB (WSE:XTB) co-founder and controlling shareholder Jakub Zablocki has sold another large block of his shares in the company. Via an accelerated book-building process held after markets closed on Monday (May 19), Mr. Zablocki’s holding company XX ZW Investment Group SA sold 9,405,540 XTB shares at a price of PLN 78 each, for total gross proceeds of PLN 733.6 million, or USD $194 million. The sale was managed by investment banks Santander and UBS.

Crypto.com buys CySEC CIF license to expand “traditional” instrument trading across Europe. Following our report from earlier today that rival Kraken was launching its regulated derivative products offering in Europe from its recently-acquired Cyprus CySEC licensed unit, crypto trading platform operator Crypto.com has announced that it had secured a Markets in Financial Instruments Directive (MiFID) license after receiving approval of its acquisition of A.N. Allnew Investments Ltd from the Cyprus Securities and Exchange Commission (CySEC).

INFINOX reports 233% Revenue growth in 2025, opens new global HQ. Global financial services firm INFINOX has reported a 233% increase in Revenue for the period January-April 2025, compared to the same period in 2024 – a powerful indicator of the company’s accelerating momentum and global reach. In line with its growth, INFINOX has announced the opening of its new global HQ, at 90 Bartholomew Close, London, placing the business at the centre of one of the world’s most respected financial ecosystems.

Germany’s BaFin to restrict trading in Turbos as retail losses top €3.4 billion. Germany’s financial regulator Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) has announced that it plans to restrict the marketing, distribution, and sale of Turbo certificates to retail investors based in Germany. The regulator said that it will issue a general administrative order to this end, on which it is now consulting the affected market participants.

Top FX industry executive moves this week

❑ Nidal Abdel Hadi hired as CEO of CFDs broker CMS Financial.

❑ Rakshit Choudhary becomes Deriv CEO as founder Jean-Yves Sireau steps down.

❑ Exclusive: Longtime CFDs exec Zoltan Nemeth joins prop firm FunderPro to head BizDev.

❑ INFINOX hires Glen Hastings for IXO Prime institutional sales.

❑ Exclusive: CFDs broker Markets Act hires Mohamed Halim as CCO.

❑ Crypto.com hires IG alum Kevin Algeo to head Capital Markets.

❑ BDSwiss / HFM alum Katerina Houtri joins Key to Markets to head marketing.

❑ CMS Financial hires CFI alum Razan Jawabreh to head Business Development.

❑ ADSS Head of Sales Ammar Bader departs.

❑ Revolut CFDs trading head Sergei Riabov departs.

❑ EXANTE hires Robert Parker as Head of Risk.

❑ Australia CFDs broker Fusion Markets hires IG alum Torrell Fernandes to head Sales.

❑ Crypto market maker Portofino hires Melchior de Villeneuve (CRO) and Dipak Shah (OTC Trading).