Moneycorp, a global provider of foreign exchange and payments services--with more than £38bn (€43.45bn) of transactions in 120 currencies--began to focus on crypto exchanges when it launched a currency liquidity management solution for digital asset exchange (DAX) providers last autumn.

In early March, it registered ‘Moneycorp Europe’ via Moneycorp Bank, its Gibraltar-based entity that offers a one-stop international payment solution for customers trading currencies, holding cash on deposit or spending on prepaid cards, based on a single multi-currency IBAN account. The new structure has been entrusted to finance director Velizar Tarashev, risk and compliance manager Peter Green, and Rachelle Hodder.

A year ago, the company announced the appointment of Koen Vanpraet as CEO for Europe, Middle East and Africa. He is now in charge of providing strategic oversight of these markets and is helping to deliver banking as a service (BaaS) “by expanding the banking product set,” according to a press release.

In September, Moneycorp launched in France as part of its European expansion. The company holds two banking licences, Moneycorp Bank (Gibraltar) and Moneycorp Banco de Cambio (Brazil), as well as payment licences in the UK, EU, Brazil and 48 US states.

This story was first published in French on . It has been translated and edited for Delano.