Admirals secures crypto asset service provider registration from CySEC for digital asset trading and ICOs

Rick Steves

“Through our state-of-the-art crypto trading platform, our clients will be able, amongst other, to buy and sell cryptocurrencies, participate in initial coin offerings that will be hosted exclusively on our platform, while also having a seamless view of their virtual wallets and crypto-trading actions”.

Admirals has obtained a crypto asset service provider’s registration from the Cyprus Securities and Exchange Commission, through its group entity, Admirals Digital Limited, the global fintech group announced.

With an experience of over two decades in the financial markets, Admirals is now ready to increase its product offering in a further step towards supporting financial inclusion for everyone, the company added.

Admirals plans to leverage the CySEC registation for crypto service providers in order to allow clients to buy and sell cryptocurrencies and participate in ICOs hosted on its platform, among other things.

“The crypto community will be provided with a one-stop-shop for all things crypto”

Sergei Bogatenkov, CEO and chairman Management Board of Admirals, commented: “Our commitment is clear, and our compass has always been set to pursuit progress and innovation. We wish for our clients to achieve financial freedom by offering solutions to achieve it. By increasing our product range, we have proven that evolution, progress and client-centricity is at the heart of what we do.”

Andreas Ioannou, Admirals COO and Admirals Digital Limited Executive Director, said: “Admirals Digital Limited is one of the very few companies that have been registered as crypto asset service providers with the Cyprus Securities and Exchange Commission. We are certain that through this registration, the crypto community will be provided with a one-stop-shop for all things crypto. Through our state-of-the-art crypto trading platform, our clients will be able, amongst other, to buy and sell cryptocurrencies, participate in initial coin offerings that will be hosted exclusively on our platform, while also having a seamless view of their virtual wallets and crypto-trading actions”.

Admirals Group AS offers clients the ability to trade Forex, and CFDs on, inter alia, indices, metals, energies, stocks, bonds, and digital currencies, but also to invest in Stocks and ETFs (product offering may vary depending on each investment service provider and the client’s country of residence).

Admirals surrenders Estonia license as part of restructuring plan

The company, which is licensed in the Seychelles, UK, Cyprus, South Africa, Australia, Jordan, Canada, and Kenya, has recently surrendered its Estonia license as part of its restructuring plan.

FX brokerage firm Admirals (formerly Admiral Markets) has announced its intention to merge with its Estonian subsidiary, Admirals Markets AS. The anticipated completion of the merger is set for the first half of 2024.

Admirals Group AS boasts a physical presence in 18 countries through its subsidiaries, which serve clients in over 145 countries.

Despite the ongoing restructuring, Estonia remains a crucial strategic location for Admirals Group. The company reaffirms its commitment to the country by maintaining its headquarters in Tallinn, where it currently employs over 100 professionals. Additionally, Admirals Group’s lending platform, MoneyZen, will remain regulated by the Estonian financial authority.

Read this next

Retail FX

Weekly Roundup: eToro links up with Elon Musk, US crackdown on Russian FX

Let’s take a look back at top stories that dominated the financial markets in our Weekly Round coverage. This week’s digest takes a deep dive into the most recent events and trends within the Forex, Fintech, and cryptocurrency.


Must-Watch Top 5 Crypto Picks for Q2 2024 Featuring BlockDAG, Toncoin, Solana and More

Dive into BlockDAG’s meteoric rise and explore other promising altcoins like Pepe, Toncoin, Solana, and Render for superior returns.

Retail FX

Clone of Admiral Markets draws FCA attention

The United Kingdom’s financial markets watchdog today unmasked another fraudulent entity, this time bringing to light a clone firm that has been posing as FCA-‎authorised brand, Admiral Markets UK Ltd.

Digital Assets

Gemini Earn users to recover $2.18 billion in crypto payouts

Cryptocurrency exchange Gemini has agreed to pay $50 million worth of digital assets to investors in its Gemini Earn program as part of a settlement with the New York Attorney General (NYAG), announced on Friday.

Fundamental Analysis, Market News, Tech and Fundamental

Global FX Market Summary: British Pound (GBP) Weakness, US Inflation, Euro, USD June 14 ,2024

British Pound weakens due to lower inflation expectations, potential policy changes from Reform Party, and broader economic concerns.


Q2 2024’s Top 5 Cryptos to Buy: BlockDAG, Pepe, Toncoin, Solana and Render

Learn about 2024’s Q2 top 5 cryptos. Explore potential high-return and advancements of altcoins like BlockDAG, Pepe, Toncoin, Solana, and Render.

Fundamental Analysis, Tech and Fundamental, Technical Analysis

GBPCAD Technical Analysis Report 14 June, 2024

GBPCAD currency pair can be expected to fall further toward the next support level 1.7250, former strong resistance from last year.

Digital Assets

Binance acquitted of tax evasion in Nigeria, now faces AML charges

Nigeria has dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the world’s largest cryptocurrency exchange appointed a local representative to handle court processes related to the allegations.

Digital Assets

Trezor launches new hardware wallet ‘Safe 5’ with fresh security features

Crypto hardware wallet manufacturer Trezor announced on Friday the launch of its latest flagship product, the Trezor Safe 5, featuring upgraded security to promote self-custody of digital assets.