FxPro is establishing a crypto trading desk, marking a shift beyond its existing FX and CFD business. The move was revealed through a job posting for a Senior Crypto Manager based in Cyprus, published by the company this week.

Offering Crypto CFDs Since 2021

The broker, which has offered crypto CFDs since 2021, is now preparing to build an in-house desk dedicated to crypto trading operations. This includes managing strategy, execution, and risk, indicating a deeper push into digital asset markets.

While the firm has not formally announced the launch, the senior-level job posting outlines responsibilities tied to leading a full crypto trading function.

“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,” the company wrote.

Part of a Broader Industry Trend

FxPro joins a growing list of brokers moving into crypto infrastructure. Similar firms have recently expanded digital asset capabilities beyond CFDs, responding to shifting retail demand and positioning for future market opportunities.

Crypto CFDs allow traders to speculate on the price of cryptocurrencies without owning the underlying assets, while crypto trading involves the actual purchase and sale of digital tokens. In CFD trading, positions are settled in cash and held within a broker’s platform, not on the blockchain.

This asset class has recently been attracting more FX and CFD brokers. In May, Hantec Markets launched around-the-clock trading for crypto contracts for difference (CFDs), allowing clients to access digital asset markets 24/7.

Commenting about the move, Norayr Djerrahian, the Chief Strategy Officer at Hantec Markets, said: “With the maturing of crypto as a tradable asset class, clients increasingly expect institutional-grade access to these markets on a continuous basis. The uptake we’ve seen since launching 24/7 crypto trading confirms that demand.”

Competition in the Space

Companies are also making their offerings attractive amid competition in this space. Polish brokerage giant XTB recently strengthened its crypto CFD offerings by reducing spreads by up to 60 percent and increasing exposure limits from €1 million to €10 million.

In addition to lowering spreads and raising exposure limits, the Polish broker disclosed plans to list more than 10 new cryptocurrencies, including meme tokens. Thinkmarkets has also been offering crypto CFDs since 2017.

This article was written by Jared Kirui at www.financemagnates.com.Retail FXRead More

You might also be interested in reading XRP Gets Binance.US Listing as Exchange Joins Rivals’ Embrace.