Regulation
Kraken Expands In Europe With Regulated Derivatives
Kraken has obtained a Markets in Financial Instruments Directive (MiFID) license in the European Union. This regulatory approval was achieved through the acquisition of a Cypriot Investment Firm, which received approval from the Cyprus Securities and Exchange Commission (CySEC). The license enables Kraken to offer regulated crypto derivatives products to advanced traders in selected EU markets.
Kraken Secures MiFID License for European Expansion
According to a recent blog post, Kraken secured an EU MiFID license through the acquisition of a Cypriot Investment Firm. This approval from CySEC strengthens the company’s ability to offer regulated derivatives trading in Europe. The new license supports Kraken’s plan to expand its trading services in the region.
The license allows Kraken to provide fully compliant crypto derivatives products for advanced traders. This development aligns with the company’s strategy to increase its presence in Europe, a key market for cryptocurrency derivatives.
The top crypto exchange aims to ensure its services comply with EU financial regulations by meeting all relevant regulatory requirements.
Kraken plans to fulfill additional conditions before launching its derivatives offerings in European markets. The company will introduce these products gradually, ensuring compliance with regulatory frameworks.
Regulated Derivatives Trading
Kraken has been actively expanding its regulated derivatives offerings. The company previously acquired Crypto Facilities, a UK-based crypto futures platform regulated by the Financial Conduct Authority (FCA). This acquisition strengthened Kraken’s position in the UK derivatives market.
With the MiFID license, the crypto exchange can extend its regulated trading services to more European countries. The company aims to provide advanced traders with access to a wide selection of digital assets through derivatives. These products will enable traders to manage their risk exposure efficiently while using different collateral currencies.
The European crypto derivatives market has grown significantly, attracting institutional and advanced investors.
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Ronny Mugendi
Ronny Mugendi is a seasoned crypto journalist with four years of professional experience, having contributed significantly to various media outlets on cryptocurrency trends and technologies. With over 4000 published articles across various media outlets, he aims to inform, educate and introduce more people to the Blockchain and DeFi world. Outside of his journalism career, Ronny enjoys the thrill of bike riding, exploring new trails and landscapes.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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