Aim-listed Plus500 trading platform was among the first to offer derivatives based on bitcoin several years ago, and today offers numerous ways to invest in cryptos. They have been rewarded as new customers flocked to the platform, boosting its financial performance even amid warnings from regulators that the company “specialises in toxic products”.
Nevertheless, over the past 18 months, Plus500’s shares have rocketed more than 300 per cent. Now worth nearly £2bn, the company is riding the crypto wave to London’s main market in spite of misgivings about the market from financial watchdogs. It will upgrade its listing on Tuesday as part of efforts to attract new investors, joining the ranks of long-established rivals IG Group and CMC Markets.