Crypto.com has appointed Michael Floros as General Manager of its operations in Cyprus, following its recent acquisition of A.N. Allnew Investments Ltd, a firm licensed by the Cyprus Securities and Exchange Commission (CySEC). This move signifies a key milestone in Crypto.com's broader ambition to expand into regulated financial services across the European Union, extending beyond its core in crypto assets.

Floros brings with him eight years of leadership experience as Executive Director and General Manager of A.N. Allnew Investments Ltd, the operator behind the LegacyFX trading brand. His transition into Crypto.com aligns with the company’s intensified efforts to grow its footprint in the FX and Contracts for Difference (CFDs) market, underpinned by targeted acquisitions and strategic executive hires.

Following the CySEC-approved acquisition, Crypto.com has now obtained a Markets in Financial Instruments Directive II (MiFID II) license. This regulatory approval enables the platform to offer a comprehensive suite of investment products—including securities, derivatives, and CFDs—to clients throughout the European Economic Area (EEA).

This latest license complements Crypto.com's earlier acquisition of a Markets in Crypto-Assets (MiCA) license in January 2025, establishing a dual-license structure that places the firm at the convergence of traditional and digital finance in Europe.

Floros emphasized the significance of this transition, stating that Crypto.com is preparing to deliver cross-border investment and ancillary financial services across all 27 EEA countries and Cyprus, operating under the supervision of CySEC. “It’s a new chapter,” he said, underscoring the company's ambitions to expand its offerings across a broader spectrum of financial instruments.