Global brokerage FxPro is taking a significant step into the cryptocurrency space by setting up its own crypto trading desk. While the company has been offering crypto CFDs since 2021, a new job listing for a Senior Crypto Manager in Cyprus signals a major expansion of its digital asset capabilities.
From Crypto CFDs to Full-Fledged Crypto Trading
Until now, FxPro has enabled clients to trade crypto contracts for difference (CFDs) — allowing speculation on digital asset prices without owning the actual tokens. However, the firm is now moving towards managing direct crypto trading operations, including strategy development, execution, and risk management.
Although FxPro hasn’t officially announced the initiative, the job posting offers clear insights into its direction. The listing states:
“As a Senior Crypto Manager, you will be responsible for establishing, managing, and growing our crypto trading function. This is a senior leadership role requiring deep expertise in crypto markets, trading strategy, risk management, and operational oversight.”
This move indicates a stronger commitment to becoming a more active player in the crypto trading space, beyond offering CFDs.
Part of a Broader Industry Trend Among FX Brokers
FxPro isn’t alone in this transition. A growing number of FX and CFD brokers are expanding their crypto infrastructure in response to rising demand from retail traders and evolving market opportunities.
While crypto CFD trading allows traders to speculate on price movements with no blockchain interaction, establishing a dedicated trading desk suggests FxPro may soon enter the realm of spot crypto trading — where real digital assets are bought and sold.
In May, Hantec Markets introduced 24/7 crypto CFD trading, reflecting the growing appetite for around-the-clock market access. “With the maturing of crypto as a tradable asset class, clients increasingly expect institutional-grade access to these markets on a continuous basis,” said Norayr Djerrahian, Chief Strategy Officer at Hantec Markets. “The uptake we’ve seen since launching 24/7 crypto trading confirms that demand.”
Rising Competition Among Global Brokers
With competition heating up, brokerages are enhancing their crypto offerings to attract and retain clients. Polish brokerage firm XTB recently announced major upgrades to its crypto CFD platform — including cutting spreads by up to 60% and increasing exposure limits from €1 million to €10 million. The company also plans to list over 10 new cryptocurrencies, including trending meme tokens.
Meanwhile, ThinkMarkets, one of the earlier adopters in this sector, has been offering crypto CFDs since 2017, and continues to expand its product suite to keep pace with market expectations.
What This Means for the Future of Crypto Trading
FxPro’s move to hire a senior-level executive dedicated to crypto trading shows the firm is preparing to go beyond just offering derivative products. As more brokers follow suit, the line between traditional FX services and crypto-native platforms continues to blur.
With demand for secure, seamless, and flexible crypto trading growing worldwide, brokers like FxPro are positioning themselves to meet these expectations head-on, and potentially reshape the future of retail crypto investing.