Deriv Opens Innovation Hub in Nicosia, Strengthening Its Presence in Cyprus
Deriv, a leading online broker in the financial industry, has announced the opening of its second office in Cyprus, a key milestone in its strategic growth plan. By establishing a presence in Nicosia, Deriv aims to attract the best minds in the industry and accelerate its transformation into a dynamic fintech leader.
Located on the 12th floor of the iconic Asteroid building, the Nicosia office represents a pivotal step in Deriv’s mission to push the boundaries of trading technology. With operations in over 20 locations worldwide and a legacy spanning 25 years, the company has garnered numerous accolades, including ‘Great Place to Work’ certifications for several offices including Limassol.
“Cyprus plays a critical role in the online trading ecosystem,” said Rakshit Choudhary, Co-CEO of Deriv. “Nicosia, with its robust reputation as a centre for research and technology, is an evident choice for this expansion. Our investment here strengthens our operations and enables us to harness the dynamic ecosystem Cyprus offers.”
A Centre for Technological Innovation and Professional Growth
The new office, slated to open mid-December, will function as a state-of-the-art innovation hub. It aligns with Deriv’s ambition to transition from its forex brokerage roots into a cutting-edge fintech enterprise. The company is heavily focused on emerging technologies, including artificial intelligence (AI), data analytics, and low-code/no-code development tools.
“This move is about more than just opening an office; it’s about driving innovation and providing professionals with opportunities to grow,” noted Andreas Potamitis, Head of the Nicosia Office. “At Deriv, employees will be able to work on high-end AI-driven platforms and sophisticated tech projects, all while avoiding the long commutes.”
Designed to encourage collaboration and creativity, the new workspace will feature modern facilities, including interactive zones and meeting spaces. Deriv is actively recruiting for roles such as Trading Analysts, DevOps and WinOps Engineers, and Low Code/No Code Developers to join its growing team.
Find out more about career opportunities at Deriv.
About Deriv
For 25 years, Deriv has been committed to making online trading accessible to anyone, anywhere. Trusted by over 2.5 million traders worldwide, the company offers an expansive range of trade types and boasts over 200 assets across popular markets on award-winning, intuitive trading platforms. With a workforce of more than 1,400 people globally, Deriv has cultivated an environment that celebrates achievements, encourages professional growth, and nurtures talent development, which is reflected in its Platinum accreditation by Investors in People.
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