Breaking: VP Capital Sells Crypto Platform Currency.com
VP Capital, which owns Capital.com and Currency.com, sold the latter (a cryptocurrency platform) to a group of investors represented by CXNEST Ltd. Announced today (Monday), the sale has been completed after an 18-month-long transaction period. The new owners also took full control of Currency.com and its subsidiaries.
“The sale of Currency.com marks a strategic shift for VP Capital Ltd, allowing us to focus on our core investments, while ensuring that Currency.com receives the dedicated leadership and resources it needs to thrive under its new ownership,” said Nikolai Markovnik, a representative of VP Capital Ltd. “We are confident that CXNEST Ltd and its investors will drive the platform’s next stage of growth and innovation.”
However, the financials involved in the Currency.com sale remain unknown.
A Sale After Regulatory Approvals
The sale was finalized after approval from 28 state regulators in the United States and the Gibraltar Financial Services Commission. The crypto platform obtained the Gibraltar license in 2020 and entered the United States in 2022. Viktor Prokopenya, Founder of Capital.com
The announcement further highlighted that the sale will have no impact on existing Currency.com users.
“We see significant potential in Currency.com and plan to invest in expanding its capabilities to meet the growing demands of digital asset users,” said Konstantin Anisimov, a representative of CXNEST Ltd.
Although Viktor Prokopenya, the founder of VP Capital, exited from Currency.com, he still controls the Capital.com platform, which is expanding its footprint in both geographies and products. The UAE unit of Capital.com handled a record $468.9 billion in trading volumes in 2024, while the overall platform's figure touched $1.7 trillion.
Interestingly, Capital.com has also changed its corporate structure towards more decentralization. After the resignation of Kypros Zoumidou as the Group CEO last November, the broker decided to have four regional CEOs, rather than one controlling the overall operations.