Deriv doubles down on Cyprus with new innovation hub in Nicosia

Deriv Cyprus office in Nicosia situated on the 12th floor of the Asteroid building

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. Located on the 12th floor of the prestigious Asteroid building in the Cyprus capital - Nicosia, the new office marks a pivotal moment in Deriv’s mission to redefine trading technology and attract the brightest minds in the industry.

With 25 years of expertise, Deriv has a global footprint in 20 locations worldwide including Limassol, with several ‘Great Place to Work’ awards. “Cyprus is pivotal to the online trading industry. Nicosia is a good choice due to its solid reputation as a thriving hub for research and tech,” said Rakshit Choudhary, Co-CEO of Deriv. “Our investment here not only strengthens our operational framework but also allows us to tap into the vibrant ecosystem that Cyprus has cultivated”.

A hub for Innovation and talent acquisition

The new office, opening mid-December, will act as a dynamic innovation hub. It aims to redefine Deriv’s identity, transitioning from a traditional forex broker to a dynamic fintech company, by focusing on tech advancements such as AI, data analytics, and no-code/low-code solutions.

“This expansion seeks to attract forward-seeking minds who are not only looking for career opportunities but to accelerate their professional growth through the dynamic roles,” said Andreas Potamitis, Head of 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.”

Featuring collaborative zones, modern workspaces, and various meeting spaces, the Nicosia office aims to create an environment where professionals can reach high levels of productivity and innovation in a vibrant professional setting. The state-of-the-art office is designed to attract top-tier talent in roles such as Trading Analysts, DevOps and WinOps Engineers, and Low Code/No Code Developers.

Engaging with the best and brightest

Deriv debuted its recruitment initiatives at the IMH Career Fair in mid-December 2024, inviting professionals to connect with the team, explore groundbreaking career opportunities, and learn more about the company’s exciting upcoming plans.