XTB Wins Approval to Manage Client Portfolios and Starts Selling Crypto in Spain
By Damian Chmiel
AI summary of the source article
XTB has secured approval from the Polish Financial Supervision Authority to manage client investment portfolios and launched spot cryptocurrency trading in Spain. Both developments support the broker's strategy to diversify business beyond contracts for difference.
Why it matters
CEO Omar Arnaout stated that reducing CFD revenue from roughly 95% to about 70% is intended because "investors would value a more diversified business differently."
Key facts
- The Polish Financial Supervision Authority (KNF) granted XTB permission to manage investment portfolios on behalf of clients.
- XTB launched spot cryptocurrency trading with over 40 assets in Spain, its third spot crypto market after Chile and Cyprus.
- CFDs generated PLN 1.98 billion of XTB's PLN 2.07 billion gross result on financial instruments in the first half of 2026.
Source excerpt · Finance Magnates
XTB received permission from the Polish Financial Supervision Authority (KNF) on Friday to manage investment portfolios on behalf of its clients. The commission granted the permit unanimously, according to its communiqué. The Warsaw-listed broker has also opened spot cryptocurrency trading in Spain, where clients can buy more than 40 crypto assets outright instead of through contracts for differen…