Jon Squires to Step Down as CEO of Capital.com and Currency.com

Jon Squires, the Chief Executive Officer of Capital.com and Currency.com, has announced his resignation from the apex role on both platforms. He will continue to head both the companies until the end of this month.

“May 31 will be my last day with Currency.com and Capital.com, two incredible groups filled with superb people and brilliant tech,” Squires wrote on a Linkedin post.

Squires joined Capital.com in late 2019 as the Chief Operating Officer. Within a couple of months, he was appointed as the CEO of both Capital.com and its sister crypto exchange, Currency.com.

During his tenure, both platforms have seen massive growth in their performance metrics. However, Squires did not disclose his next career move.

“The groups have changed significantly since I joined in January 2020,” Squires added. “We've been through a lot together, we've grown massively (40x!!), and we've gone from being a challenger to being a leading rival in the sector. Rather than just being present in Cyprus, the UK and Gibraltar, we're also now in Melbourne, New York, Singapore, Warsaw, Vilnius and we'll soon be back to Kyiv.”

Both Capital.com and Currency.com are owned and controlled by the Belarusian billionaire entrepreneur, Viktor Prokopenya.

The board of the companies has appointed Prokopenya as the interim CEO, but the process of onboarding a permanent successor is ongoing.

"On behalf of the Board, I want to thank Jonathan for his leadership and commitment to Capital.com these past three years. Jonathan has contributed significantly in taking the company to its current strong position and we will continue to build on this as we grow further," said Prokopenya.

Many Key Appointments

Interestingly, Capital.com has made a few key hires recently. Earlier this year, the platform onboarded former Markets.com CEO, Joe Rundle as the Chief of Staff. Additionally, the former IG executive, Kypros Zoumidou joined the broker as its UK Managing Director. Moreover, it appointed a few heads of its other regional operations.

“I have complete faith that the group will continue its remarkable growth and will always deliver a unique environment for people to develop themselves,” Squires said.