---
title: "Trading 212 Markets Ltd · Crypto-asset service provider (CySEC) · Cyprus | Elucidate"
description: "Trading 212 Markets Ltd is authorised by Cyprus Securities and Exchange Commission (CySEC) as a crypto-asset service provider in Cyprus. Licence 21380045KC28948FNE32. LEI 21380045KC28948FNE32. Register status, licences, activities and ownership."
url: https://elucidate.co/directory/trading-212-markets-ltd-002d0e564725
---

1.  [Directory](https://elucidate.co/directory)
2.  [Cyprus](https://elucidate.co/directory/country/cy)
3.  Trading 212 Markets Ltd

Cyprus · Crypto

# Trading 212 Markets Ltd

Trading as Trading 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.

Register status

Licensed in Cyprus

Crypto-asset service provider · Cyprus Securities and Exchange Commission (CySEC)

Prudential licence

[1 licence or registration ↓](https://elucidate.co/directory/trading-212-markets-ltd-002d0e564725#licences)

BIC **No BIC** LEI **[21380045KC28948FNE32](https://search.gleif.org/#/record/21380045KC28948FNE32)** [Licence no. **21380045KC28948FNE32**](https://elucidate.co/directory/trading-212-markets-ltd-002d0e564725#licences) [Group: Trading 212 Group Limited](https://elucidate.co/directory/group/254900JC5ZMTF1P1VE12)

## 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 providers](https://elucidate.co/directory/register/esma-casp) Cyprus Securities and Exchange Commission (CySEC) | Crypto-asset service providerCrypto-Asset Service Provider | 21380045KC28948FNE32 | [Cyprus](https://elucidate.co/directory/country/cy) | Active | 2025-09-22 | — | - Crypto-assets | [Search the register ↗](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) |

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](https://elucidate.co/directory/trading-212-markets-ltd-002d0e564725#overview-sources)

Customers

5,000,000

accounts · Group · 29 Sep 2026 · [company statement ↗](https://www.trading212.com/)

Employees

422

headcount · Group · 31 Dec 2024 · [source ↗](https://www.financemagnates.com/forex/trading212-cyprus-doubles-its-2024-revenue-to-42-million/)

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 ↗](https://search.gleif.org/#/record/254900JC5ZMTF1P1VE12), 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 ↗](https://www.trading212.com/) [helpcentre.trading212.com ↗](https://helpcentre.trading212.com/) help centre with entity-specific regulatory and protection pages [Wikipedia ↗](https://en.wikipedia.org/wiki/Trading_212) group article
- **Official social accounts:** [X ↗](https://twitter.com/Trading212) · [Facebook ↗](https://www.facebook.com/Trading212) · [Instagram ↗](https://www.instagram.com/trading212/) · [YouTube ↗](https://www.youtube.com/user/Trading212)

Sources · 13 pages consulted

1.  [helpcentre.trading212.com/hc/en-us/articles/30718913607709-Trading-212-Markets-Ltd-Crypto-Account-Regulations](https://helpcentre.trading212.com/hc/en-us/articles/30718913607709-Trading-212-Markets-Ltd-Crypto-Account-Regulations)
2.  [helpcentre.trading212.com/hc/en-us/articles/30718819772829-Trading-212-Markets-Ltd-Crypto-Account-Protection](https://helpcentre.trading212.com/hc/en-us/articles/30718819772829-Trading-212-Markets-Ltd-Crypto-Account-Protection)
3.  [helpcentre.trading212.com/hc/en-us/articles/10745031931165-Trading-212-Markets-Ltd-Funds-and-assets-protection](https://helpcentre.trading212.com/hc/en-us/articles/10745031931165-Trading-212-Markets-Ltd-Funds-and-assets-protection)
4.  [trading212.com](https://www.trading212.com/)
5.  [trading212.com/leadership](https://www.trading212.com/leadership)
6.  [helpcentre.trading212.com/hc/en-us/articles/35948436017053-212-Card-Cashback-Programme](https://helpcentre.trading212.com/hc/en-us/articles/35948436017053-212-Card-Cashback-Programme)
7.  [cysec.gov.cy/en-GB/entities/investment-firms/cypriot/89835/](https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/89835/)
8.  [cysec.gov.cy/en-GB/entities/Crypto-Assets-Entities-(MiCAR)/MiCAR-CASPs/Notification-(Article-60)/](https://www.cysec.gov.cy/en-GB/entities/Crypto-Assets-Entities-\(MiCAR\)/MiCAR-CASPs/Notification-\(Article-60\)/)
9.  [financemagnates.com/forex/trading-212-launches-crypto-trading-under-its-cyprus-unit/](https://www.financemagnates.com/forex/trading-212-launches-crypto-trading-under-its-cyprus-unit/)
10.  [financemagnates.com/forex/trading212-cyprus-doubles-its-2024-revenue-to-42-million/](https://www.financemagnates.com/forex/trading212-cyprus-doubles-its-2024-revenue-to-42-million/)
11.  [financemagnates.com/executives/trading-212-taps-former-revolut-exec-christos-drakos-to-lead-crypto-operations](https://www.financemagnates.com/executives/trading-212-taps-former-revolut-exec-christos-drakos-to-lead-crypto-operations/)
12.  [fxnewsgroup.com/forex-news/retail-forex/fca-warns-against-clone-of-trading-212/](https://fxnewsgroup.com/forex-news/retail-forex/fca-warns-against-clone-of-trading-212/)
13.  [en.wikipedia.org/wiki/Trading\_212](https://en.wikipedia.org/wiki/Trading_212)

## Authorisation

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/trading-212-markets-ltd-002d0e564725#overview-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 ↗](https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/89835/) |
| 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 ↗](https://www.cysec.gov.cy/en-GB/entities/Crypto-Assets-Entities-\(MiCAR\)/MiCAR-CASPs/Notification-\(Article-60\)/) |

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](https://elucidate.co/directory/trading-212-markets-ltd-002d0e564725#overview-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. [helpcentre.trading212.com ↗](https://helpcentre.trading212.com/hc/en-us/articles/10745031931165-Trading-212-Markets-Ltd-Funds-and-assets-protection)
- **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. [helpcentre.trading212.com ↗](https://helpcentre.trading212.com/hc/en-us/articles/30718819772829-Trading-212-Markets-Ltd-Crypto-Account-Protection)
- **Safeguarding bank:** JP Morgan [helpcentre.trading212.com ↗](https://helpcentre.trading212.com/hc/en-us/articles/10745031931165-Trading-212-Markets-Ltd-Funds-and-assets-protection)
- **Safeguarding bank:** Barclays United Kingdom [helpcentre.trading212.com ↗](https://helpcentre.trading212.com/hc/en-us/articles/10745031931165-Trading-212-Markets-Ltd-Funds-and-assets-protection)
- **Safeguarding bank:** LHV Bank Estonia [helpcentre.trading212.com ↗](https://helpcentre.trading212.com/hc/en-us/articles/30718819772829-Trading-212-Markets-Ltd-Crypto-Account-Protection)
- **Crypto custodian:** Coinbase [helpcentre.trading212.com ↗](https://helpcentre.trading212.com/hc/en-us/articles/30718819772829-Trading-212-Markets-Ltd-Crypto-Account-Protection)
- **Card issuer:** Paynetics [helpcentre.trading212.com ↗](https://helpcentre.trading212.com/hc/en-us/articles/35948436017053-212-Card-Cashback-Programme)

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](https://elucidate.co/directory/trading-212-markets-ltd-002d0e564725#overview-sources)

-   Crypto trading
-   Debit cards

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 42.2mThis entity · 31 Dec 2024 · [source ↗](https://www.financemagnates.com/forex/trading212-cyprus-doubles-its-2024-revenue-to-42-million/)
- **Sells to:** Consumers

## Recent events

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/trading-212-markets-ltd-002d0e564725#overview-sources)

1.  Oct 2025

    Other

    The firm launched spot crypto-asset trading for Trading 212 clients in the European Union through a separate crypto account.

    [financemagnates.com ↗](https://www.financemagnates.com/forex/trading-212-launches-crypto-trading-under-its-cyprus-unit/)

2.  Sep 2025

    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 ↗](https://www.cysec.gov.cy/en-GB/entities/Crypto-Assets-Entities-\(MiCAR\)/MiCAR-CASPs/Notification-\(Article-60\)/)

3.  Sep 2025

    Leadership

    The Trading 212 group appointed Christos Drakos, formerly of Revolut, as Head of Crypto, based in its Cyprus office.

    [financemagnates.com ↗](https://www.financemagnates.com/executives/trading-212-taps-former-revolut-exec-christos-drakos-to-lead-crypto-operations/)

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](https://elucidate.co/directory/trading-212-markets-ltd-002d0e564725#overview-sources)

1.  6 Mar 2025

    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 ↗](https://fxnewsgroup.com/forex-news/retail-forex/fca-warns-against-clone-of-trading-212/)

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
- **LEI:** [21380045KC28948FNE32 ↗](https://search.gleif.org/#/record/21380045KC28948FNE32)
- **How the LEI was matched:** Published by the register
- **Market identifier code:** [TMCY](https://elucidate.co/directory/trading-212-markets-ltd-002d0e564725#markets)
- **Elucidate firm ID:** 002d0e564725

## Profile

- **Type:** Crypto
- **Regulation:** Prudential licence
- **Main licence class:** Crypto-Asset Service Provider
- **Activities:** - Crypto-assets
- **Licensed in:** [Cyprus](https://elucidate.co/directory/country/cy) · Europe & Central Asia
- **First registered:** 2025-09-22
- **Website:** [www.trading212.com ↗](https://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 Kingdom[254900JC5ZMTF1P1VE12 ↗](https://search.gleif.org/#/record/254900JC5ZMTF1P1VE12)

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](https://elucidate.co/directory/trading-212-avcabgs1), [Trading 212 UK Limited](https://elucidate.co/directory/trading-212-uk-limited-avcigb21).

[See the Trading 212 Group Limited group →](https://elucidate.co/directory/group/254900JC5ZMTF1P1VE12)

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 |

## Related institutions

### Same group

-   [Trading 212 BIC AVCABGS1 Financial institution Not on a tracked register Bulgaria · Not on a tracked register · LEI 549300TGZX4PLYAP3S87](https://elucidate.co/directory/trading-212-avcabgs1)
-   [Trading 212 UK Limited BIC AVCIGB21 Financial institution Not on a tracked register United Kingdom · Not on a tracked register · LEI 2138006AXBAC4F1AWD58](https://elucidate.co/directory/trading-212-uk-limited-avcigb21)

[All 3 institutions in the Trading 212 Group Limited group →](https://elucidate.co/directory/group/254900JC5ZMTF1P1VE12)

### Other crypto institutions in Cyprus

-   [Aquilla Nummus Ltd No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 549300ZCGZNVDA6R3Y84 (ESMA-CASP) · LEI 549300ZCGZNVDA6R3Y84](https://elucidate.co/directory/aquilla-nummus-ltd-d5e0bbd90a9a)
-   [Brilliantscope Trading Limited · trading as tothemoon No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 9845009846V10FGD4840 (ESMA-CASP) · LEI 9845009846V10FGD4840](https://elucidate.co/directory/brilliantscope-trading-limited-f2c5ee953238)
-   [Capital Vault LTD · trading as capital.com No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 984500C46B3B7B69Y904 (ESMA-CASP) · LEI 984500C46B3B7B69Y904](https://elucidate.co/directory/capital-vault-ltd-7d1865a71f84)
-   [Cloverum Finance (CY) Limited · trading as Cloverum No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 213800IWLH982X74LO71 (ESMA-CASP) · LEI 213800IWLH982X74LO71](https://elucidate.co/directory/cloverum-finance-cy-limited-286f7f6ec3c1)
-   [Collect & Exchange CY LTD No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 2138005C815T9EZU4C75 (ESMA-CASP) · LEI 2138005C815T9EZU4C75](https://elucidate.co/directory/collect-and-exchange-cy-ltd-76863a49256d)
-   [Complycrypto Depository EU Limited No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 254900J8O1555O3B2T92 (ESMA-CASP) · LEI 254900J8O1555O3B2T92](https://elucidate.co/directory/complycrypto-depository-eu-limited-86c1b8ba2235)
-   [eToro (Europe) Ltd · trading as e Toro No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 213800GIFQMSV7HROS23 (ESMA-CASP) · LEI 213800GIFQMSV7HROS23](https://elucidate.co/directory/etoro-europe-ltd-2871bd36a88e)
-   [J2TX Ltd No BIC Crypto Prudential licence Cyprus · Licensed by Cyprus Securities and Exchange Commission (CySEC) · 213800186TP6OZSHUV17 (ESMA-CASP) · LEI 213800186TP6OZSHUV17](https://elucidate.co/directory/j2tx-ltd-e4df5dd88c65)

[See all →](https://elucidate.co/directory/search?type=crypto&cc=CY) [Other entries on ESMA-CASP →](https://elucidate.co/directory/register/esma-casp)

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 →](https://elucidate.co/directory/methodology)

Register for this page

-   **ESMA interim MiCA register of crypto-asset service providers**—European Securities and Markets Authority (ESMA) · [source ↗](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) 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)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions.

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Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.