Cyprus · Crypto
Trading 212 Markets Ltd
Trading asTrading 212
Trading 212 Markets Ltd is a private limited company registered in Limassol, Cyprus. The Cyprus Securities and Exchange Commission (CySEC) authorises it as a Cyprus Investment Firm under licence number 398/21. CySEC also lists it as an investment firm notified under Article 60 of the Markets in Crypto-Assets Regulation (MiCA) to provide crypto-asset services. It is a subsidiary of Trading 212 Group Limited of the United Kingdom. Under the Trading 212 brand it offers commission-free share and ETF investing, contracts for difference (CFDs) and, since October 2025, crypto-asset trading to retail clients in the European Union. The 212 Card it distributes is issued by Paynetics, which provides all card-related payment services.
Licences and registrations
Held by Trading 212 Markets Ltd (LEI 21380045KC28948FNE32). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| ESMA interim MiCA register of crypto-asset service providersCyprus Securities and Exchange Commission (CySEC) | Crypto-asset service providerCrypto-Asset Service Provider | 21380045KC28948FNE32 | Cyprus | Active | 2025-09-22 | — |
|
Search the register ↗ |
Trading names on the register: Trading 212 (ESMA-CASP)
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
Trading 212 Group Limited
Firm type
Investment or brokerage
Trades as Trading 212
- Ownership
- Trading 212 Group Limited, a UK company, is the direct and ultimate parent of the firm for accounting consolidation, according to its LEI record.
- Direct parent
- Trading 212 Group Limited ↗, United Kingdom
- Head office
- 18 Santorinis, Mesa Geitonia, 4004 Limassol, Cyprus (registered office: 1, Ayias Fylaxeos str., 2nd floor, Office 1, 3025, Limassol, Cyprus)
- Company register
- Cyprus Registrar of Companies HE 409763
- Founders
- Ivan Ashminov · Borislav Nedialkov
Online
- Websites & references
- trading212.com ↗
helpcentre.trading212.com ↗ help centre with entity-specific regulatory and protection pages
Wikipedia ↗ group article - Official social accounts
- X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 13 pages consulted
- helpcentre.trading212.com/hc/en-us/articles/30718913607709-Trading-212-Markets-Ltd-Crypto-Account-Regulations
- helpcentre.trading212.com/hc/en-us/articles/30718819772829-Trading-212-Markets-Ltd-Crypto-Account-Protection
- helpcentre.trading212.com/hc/en-us/articles/10745031931165-Trading-212-Markets-Ltd-Funds-and-assets-protection
- trading212.com
- trading212.com/leadership
- helpcentre.trading212.com/hc/en-us/articles/35948436017053-212-Card-Cashback-Programme
- cysec.gov.cy/en-GB/entities/investment-firms/cypriot/89835/
- cysec.gov.cy/en-GB/entities/Crypto-Assets-Entities-(MiCAR)/MiCAR-CASPs/Notification-(Article-60)/
- financemagnates.com/forex/trading-212-launches-crypto-trading-under-its-cyprus-unit/
- financemagnates.com/forex/trading212-cyprus-doubles-its-2024-revenue-to-42-million/
- financemagnates.com/executives/trading-212-taps-former-revolut-exec-christos-drakos-to-lead-crypto-operations
- fxnewsgroup.com/forex-news/retail-forex/fca-warns-against-clone-of-trading-212/
- en.wikipedia.org/wiki/Trading_212
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Several models
- Licensed firm it operates under
- Paynetics Issuer of the 212 Card, providing all card-related payment services. Trading 212 provides the user interface and customer support.
CySEC authorises the firm as a Cyprus Investment Firm under licence 398/21. CySEC lists it as notified under Article 60 of MiCA to provide crypto-asset services, and ESMA's interim register shows this from 22 September 2025. The card service runs under the licence of the issuer, Paynetics.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Cyprus Securities and Exchange Commission (CySEC) Cyprus | Cyprus Investment Firm | 398/21 | In its own name | Active | cysec.gov.cy ↗ |
| Cyprus Securities and Exchange Commission (CySEC) Cyprus | Notification by certain financial entities (Article 60) under MiCA; listed on the ESMA interim MiCA register of crypto-asset service providers | 21380045KC28948FNE32 | Exemption | Active | cysec.gov.cy ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that it holds client money in segregated client money bank accounts at several EU and UK banks, including JP Morgan and Barclays, under CySEC Directive DI87-01. It pools client securities in segregated accounts with Interactive Brokers as custodian. Cash linked to crypto accounts is held with LHV Bank. The Investors Compensation Fund covers client funds and assets up to EUR 20,000, but not crypto-assets.
- Crypto-asset custody
- Held by a third-party custodianThe firm holds clients' crypto-assets in segregated accounts and wallets through its appointed custody partner, Coinbase, and reconciles them daily. It states that an external auditor reviews client crypto balances every year.
- Safeguarding bank
- JP Morgan
- Safeguarding bank
- Barclays United Kingdom
- Safeguarding bank
- LHV Bank Estonia
- Crypto custodian
- Coinbase
- Card issuer
- Paynetics
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It offers retail investing in shares and ETFs, CFDs and a separate crypto account for Bitcoin, Ethereum, Solana and other crypto-assets. It also distributes the 212 Card, which Paynetics issues.
It serves clients of the Trading 212 platform in the European Union under its Cypriot authorisation. The group onboards clients in the UK, Germany and Australia through separate sister entities.
- Revenue
- GBP 42.2m
- Sells to
- Consumers
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm launched spot crypto-asset trading for Trading 212 clients in the European Union through a separate crypto account.
financemagnates.com ↗ -
Licence
ESMA's interim MiCA register listed the firm as a crypto-asset service provider from 22 September 2025, following its Article 60 notification to CySEC.
cysec.gov.cy ↗ -
Leadership
The Trading 212 group appointed Christos Drakos, formerly of Revolut, as Head of Crypto, based in its Cyprus office.
financemagnates.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Regulator warnings
Researched 29 Sep 2026 · Sources
-
Impersonation Financial Conduct Authority (FCA), United Kingdom
The FCA warned that a clone firm trading as 212 Europe Limited was impersonating the Trading 212 brand's UK entity, Trading 212 UK Ltd.
fxnewsgroup.com ↗
Entries on regulators’ consumer-warning lists that name the firm or its brand. An impersonation warning is about fraudsters posing as the firm, not about the firm itself.
Identifiers
- Licence no. · ESMA-CASP
- 21380045KC28948FNE32
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Published by the register
- Market identifier code
- TMCY
- Elucidate firm ID
- 002d0e564725
Profile
- Type
- CryptoCrypto-asset service providers, virtual-asset trading platforms and stablecoin issuers. Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- Crypto-Asset Service Provider
- Activities
- Crypto-assets
- Licensed in
- Cyprus · Europe & Central Asia
- First registered
- 2025-09-22
- Website
- www.trading212.com ↗
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
- Direct parent
- Trading 212 Group Limited · United Kingdom254900JC5ZMTF1P1VE12 ↗
The Trading 212 Group Limited group has 3 institutions in the directory, in 3 countries: 2 hold a BIC and 1 does not.
Including Trading 212, Trading 212 UK Limited.
See the Trading 212 Group Limited group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Address on the register
- Agias Fylaxeos, 1, Floor 2, Flat/Office 1, 3025, Limassol, Cyprus
- Country
- Cyprus
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Incomplete: no town published
- The register publishes no town as a separate field. A CBPR+ postal address needs at least a town name (TwnNm) and a country (Ctry).
- The address does not fit in the two address lines of 35 characters that CBPR+ allows next to a town and country.
The LEI record in GLEIF holds a structured legal address.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Market identifiers
One trading venue or reporting service run under this LEI
| MIC | Market | Kind | Category |
|---|---|---|---|
| TMCY | TRADING 212 MARKETS LIMITEDT212CY | Operating MIC | Systematic internaliser |
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- ESMA interim MiCA register of crypto-asset service providers—European Securities and Markets Authority (ESMA) · source ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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