Crypto.comhas hired Nicolò Pagliari as Global VP of Growth and Media, marking anotherhigh-profile departure from the traditional CFD brokerage sector ascryptocurrency exchanges and prop trading firms continue to attract seasonedfinancial services executives.Pagliari Joins Crypto.comFrom Saxo in Latest Industry DefectionPagliarispent seven years at Danish investment bank Saxo Bank, most recently serving asHead of Marketing for Asia and Pacific. His move to the Singapore-based cryptoexchange adds to a pattern of talent migration that's reshaping the competitivelandscape between traditional brokers and digital asset platforms."Ittook one of those opportunities that you can't say no to, in order to take theleap and move onwards," Pagliari wrote in a LinkedIn post announcing hisdeparture from Saxo Bank.The hirecomes as Crypto.com pushes deeper into traditional financial products. Thecompany recently appointed former IG Group CEO Kevin Algeo as Senior VicePresident of Capital Markets and acquired Cyprus-based broker AllnewInvestments Ltd to secure a MiFID license for European operations.Attractinga strong CMO in the CFD industry is becoming increasingly difficult due torising competition. According to a recent study by FYI, 40% of brokerscurrently have a vacant position after parting ways with their marketing chiefsor losing them to competitors.Broader Industry ShiftPagliari'smove reflects a wider trend of CFD industry veterans gravitating towardcryptocurrency exchanges and proprietary trading firms. The migration hasaccelerated as crypto platforms expand their product offerings and prop firmsgain market share.The talentflow isn't limited to crypto exchanges. Proprietary trading firms are alsoentering the brokerage space and recruiting CFD veterans to lead theirexpansion efforts. Michael Kamerman was appointed CEO of FTMO's brokeragedivision, while Riana Chaili joined as Chief Operating Officer after stints atIC Markets and TechFinancials.Other movesinclude Yassin Mismar, former SVP of Sales at Equiti Group, joining prop firmFundingPips as Head of Sales and Retention. Zoltan Nemeth left ZuluTrade tobecome Head of Business Development at FunderPro, while Andreas Andreoudeparted BDSwiss to co-found thePropTrade.com.Crypto Platforms ExpandTraditional OfferingsCrypto.com'shiring spree coincides with its push into conventional financial products. Thecompany plans to launch CFD offerings for forex and other markets in Q3 2025,following its acquisition of the MiFID-licensed broker."Hisextensive experience in financial services and regulated markets will beinstrumental in our mission to build a full-service and fully regulated suiteof financial products for users," said Eric Anziani, President and ChiefOperating Officer at Crypto.com, referring to the Algeo appointment.Thestrategy mirrors moves by other major crypto exchanges. Kraken launchedregulated derivatives trading under MiFID II rules through its Payward EuropeDigital Solutions subsidiary, while Coinbase acquired derivatives exchangeDeribit to strengthen its market position.Regulatory ArbitrageThe talentmigration reflects broader structural changes in the retail trading industry.Crypto exchanges are acquiring regulated entities to bypass lengthy licensingprocesses, while prop firms benefit from less stringent regulatory requirementscompared to traditional brokers.CFD brokersface increasing regulatory pressure across major markets, including leveragerestrictions and marketing limitations. Meanwhile, crypto platforms and propfirms offer executives the opportunity to work in faster-growing segments withfewer regulatory constraints.Pagliariwill be based in Singapore and lead user acquisition efforts globally forCrypto.com, which claims over 140 million customers worldwide. His roleincludes campaign development, team leadership, and media partnerships acrossinternational markets.Theexecutive exodus from traditional CFD brokers shows no signs of slowing ascrypto exchanges continue expanding their product suites and prop firms gainmainstream acceptance among retail traders.This article was written by Damian Chmiel at www.financemagnates.com.