XTB’s Cryptocurrency Roadmap: A Step Toward Innovation

XTB’s Cryptocurrency Roadmap is a step toward Innovation, introducing spot trading to revolutionize retail crypto accessibility globally. Publicly traded fintech company XTB (WSE: XTB) is planning to add spot cryptocurrencies to its offerings, with a potential launch this year. Although XTB has provided digital assets since 2018, these have been available only as contracts for difference (CFDs). Now, as part of its vision to become an all-in-one financial super app, XTB aims to offer “physical” cryptocurrencies.

XTB’s Cryptocurrency Roadmap: Super App Vision

XTB recently posted a LinkedIn job listing for a “Head of Crypto,” seeking someone to “build a comprehensive digital asset trading platform for retail clients.”
“If you have experience in crypto custody, order execution, and a strong understanding of cryptocurrency-related regulations, we invite you to join our team and shape the future of cryptocurrency trading with us,” the job description read.

Although the listing has expired, and the position’s status remains unclear, the company actively explores spot cryptocurrencies.

Crypto CFDs and Spot

Filip Kaczmarzyk, XTB’s Head of Trading Department, confirmed the company is “considering cryptocurrencies” and stated that, if launched, both crypto CFDs and spot trading would be maintained as “two different instruments.”

Unofficial sources suggest XTB may debut its spot cryptocurrency offering this year, though it has not set a specific timeline. Kaczmarzyk highlighted other priorities: “For now, we’re focusing on long-term investment products like retirement accounts. Bonds are temporarily off the table, as clients seem to favor the simplicity of interest-bearing savings accounts.”

Redefining Retail Trading

CEO Omar Arnaout reiterated the company’s ambition to become a comprehensive financial super app. He revealed that XTB needs “5-6 more products” to fully achieve this goal, with spot cryptocurrencies as a key component.

Since 2023, XTB has introduced various innovations, including fractional shares, ETFs, Investment Plans, multi-currency card payments, and retirement accounts in more countries.

Although many still associate XTB with CFDs, most new clients now prefer other products.

“Currently, around 80% of our new clients make their first transaction in stocks and ETFs, which reflects a shift in customer intentions,” Arnaout shared.

Moreover, XTB has had a strong performance on the stock market, with shares rising nearly 90% in 2024 and reaching historical highs above 78 zlotys. Shareholders eagerly await the Q4 and full-year report after Q3 results showed a 67% revenue increase and a near doubling of net profit to 200 million zlotys.

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