Deriv expands operations with new Nicosia office
Deriv opens Nicosia office, driving fintech innovation
Deriv, a prominent player in the online trading sector, has announced plans to open its second office in Cyprus, further strengthening its strategic growth in the region.
The new office will be located on the 12th floor of the The Asteroid business center, situated in the heart of Nicosia, reinforcing Deriv's commitment to innovation and its focus on developing top-tier talent in fintech and trading technologies.
With 25 years of experience and a presence in over 20 global regions, Deriv has consistently maintained its leadership position in the financial sector. The company’s first office in Limassol has already received prestigious recognition as a “Great Place to Work,” and the new expansion in Nicosia aims to further solidify this reputation, as reported by GlobeNewswire.
“Cyprus plays a key role in the online trading industry. We consider Nicosia an excellent choice due to its solid reputation as a thriving hub for research and technology,” said Rakshit Choudhary, Co-CEO of Deriv.
“Our investment here not only strengthens our operational framework but also allows us to leverage the dynamic ecosystem that Cyprus has developed,” he added.
Innovation and talent at the core
The Nicosia office, scheduled to open in mid-December, will serve as an innovation hub, reflecting Deriv's evolution from a traditional forex broker to a fintech powerhouse. The company plans to prioritize advancements in artificial intelligence (AI) and data analytics.
“This expansion aims to attract forward-thinking individuals who are not just seeking career opportunities but are also driven to accelerate their professional growth through dynamic roles,” stated Andreas Potamitis, Head of the Nicosia Office.
“Deriv offers extensive opportunities for professionals to work on AI-powered trading solutions, advanced platforms, and sophisticated projects, all without the need for lengthy commutes,” Potamitis explained.
The expansion aligns with Deriv’s long-term mission to make online trading accessible and intuitive for its 2.5 million clients worldwide. Offering over 200 assets across key markets, Deriv continues to lead with its award-winning platforms and reputation for innovation.
A legacy of excellence
With over 1,400 employees globally, Deriv has cultivated a professional environment that nurtures talent, celebrates achievements, and encourages career growth. Its Platinum accreditation from Investors in People highlights the company’s dedication to employee development and operational excellence.
The opening of the new Nicosia office marks another milestone in Deriv's journey to redefine trading technology. By fostering innovation and attracting top talent, Deriv remains at the forefront of the ever-evolving fintech landscape.
Notably, Deriv celebrates its 25th anniversary this year, a milestone underscoring its sustained presence and growth in a highly competitive market. Co-CEO Rakshit Choudhary shared insights in an interview about the company’s journey, achievements, and ambitious plans for the future.
