Pavel Spirin promoted to Scope Markets CEO following Rostro acquisition

abdelaziz Fathi

Belize-based FX and CFDs brokerage Scope Markets has promoted Pavel Spirin to take on an expanded role as the company’s chief executive officer. He replaces the outgoing CEO Jacob Plattner, who has also been a major shareholder since he resigned his position as managing director at GKFX.

Pavel Spirin

Daniel stepped into his new role with immediate effect, nearly three years after he joined the firm in a senior role as its chief growth officer, according to information made public on his LinkedIn profile.

In his previous role, Spirin was responsible for Scope Markets’ growth strategy, building and maintaining relationships with key partners within the wider brokerage business that are essential to the company’s business. As the company’s CEO, he will help solidify Scope Markets operations in many regions as well, bringing nearly two decades of expertise in the financial services industry to the role.

Spirin started his own career in the finance space in 2013 when he assumed his first role in the FX arena as global head of acquisition at Alpari (UK) Ltd. There he spent nearly a year and a half heading up customer acquisition, web analaytics and CRO activities and projects across 75+ countries.

Spirin also served in an analogous role with the UK online broker CMC Markets. A three-year tenure at Skilling took his career between 2018 and 2021, having worked most recently as its chief commercial officer.

Earlier this month, Rostro Financials Group, a fintech group focused on capital markets and digital assets, has completed the acquisition of Scope Markets.

The financial details of the transaction were not disclosed, but Rostro has bought the retail broker in an all-cash deal. Scope Markets , which is domiciled in Belize and regulated by the International Financial Services Commission (IFSC), was controlled by UAE-based entrepreneur Serkan Ismailoglu. The Middle East-focused broker also operates regulated entities in Africa, Cyprus and Mauritius.

The deal also plays into a long-term vision for Rostro, which operates multi-regulated brokerage houses that provide execution, and clearing of both listed securities as well as OTC derivatives. In addition, the group offers banking, alternative finance, and digital asset storage with both on and off ramp solutions.

Read this next

blockdag

Moon Keynote Teaser Propels a Sale of Over 4.5K Home Mining Rigs for BlockDAG As Cardano & Litecoin Record Price Movements

The recent launch of BlockDAG’s technical whitepaper has sparked significant market activity, culminating in the sale of more than 4.5 thousand home mining rigs.

Executive Moves

Ex-Fed official joins Binance.US amid regulatory hurdles

Binance.US has appointed Martin Grant, a former chief compliance and ethics officer at the Federal Reserve Bank of New York, to its board of directors.

Fintech

PayPal ends protection for certain crypto transactions

PayPal has announced changes to its terms of service that alter the protections provided for non-fungible token (NFT) transactions. Effective May 20, the payment giant will no longer cover NFT purchases under its buyer protection policy, and it will limit seller protections for NFT sales exceeding $10,000.

Retail FX

Plus500 sees modest growth in Q1 revenues, EBITDA margin decreases

Israeli-based, but London-stock market listed Plus500 Ltd (LON:PLUS) today reported a 4% increase in revenue for the first quarter of 2024, with figures rising from $207.9 million in Q1 2023 to $215.6 million.

Technical Analysis

FTSE 100 Technical Analysis Report 16 April, 2024

FTSE 100 index can be expected to fall further toward the next support level 7760.00, former strong resistance from last year, acting as the support after it was broken this January.

Digital Assets

Cyprus keeps FTX EU license suspended until September

The Cyprus Securities and Exchange Commission (CySEC) has extended the suspension of FTX.com’s CIF license, which allowed the insolvent platform to operate throughout Europe, until September 30, 2024.

Metaverse Gaming NFT

Mon Protocol and Pixelverse Forge a Groundbreaking Partnership to Revolutionize Blockchain Gaming

Mon Protocol and Pixelverse make history in the annals of Blockchain gaming as they set up the architecture for the melding of their technologies.

Chainwire

Nimiq Pay Launch: A New Standard For Self-Custodial Crypto Payments

Nimiq, the blockchain ecosystem for payments that is designed to make cryptocurrency easy for everyone to use, has taken the first concrete steps towards its goal of becoming the world’s most widely-accepted digital asset for payments with the launch of Nimiq Pay.

Inside View, Interviews

Exclusive: GoMining’s Mark Zalan wants to democratize opportunities of Bitcoin halving

As the Bitcoin community counts down to the upcoming Bitcoin halving, Mark Zalan, CEO of GoMining, shared exclusive insights into how the company is gearing up for this pivotal event in the cryptocurrency world.

<