Kraken Launches Regulated Crypto Derivatives in EU with MiFID License

Kraken just made a major move in its European expansion. The crypto exchange has secured a Markets in Financial Instruments Directive (MiFID) license, allowing it to offer regulated derivatives products in select EU markets. This approval came through its acquisition of a Cypriot Investment Firm, recently cleared by the Cyprus Securities and Exchange Commission (CySEC).

So, what does this mean for Kraken and its users? And how does this fit into the bigger picture of crypto trading in Europe? Let’s break it down.

Benefits of the License

With this license, Kraken can now offer fully compliant and regulated derivatives products to experienced crypto traders in select EU markets. This allows the exchange to expand its services across more European countries, giving traders access to a wide range of digital asset derivatives.

These products help investors manage risk more effectively using different collateral currencies.

More Compliance Remains Key

Europe is a crucial market for cryptocurrency derivatives, and this approval reinforces Kraken’s commitment to operating within EU financial regulations. By securing regulatory approval, the exchange aims to build trust and ensure its services meet the highest compliance standards.

“As we continue to expand our services across the globe, our focus on the European market remains a top priority,” remarked Shannon Kurtas, Kraken Co-GM of Pro & Exchange.

The company is confident in the European market and is committed to providing a safe and regulated environment for skilled crypto traders and investors.

What’s Next for Kraken?

Before launching its derivatives products in Europe, Kraken will complete additional regulatory requirements. The rollout will be phased to ensure full compliance, further strengthening its position as a secure and transparent trading platform.

Kraken’s acquisition of the MiFID license follows a series of strategic expansions, including the purchase of Crypto Facilities, a UK-based crypto futures platform regulated by the Financial Conduct Authority (FCA). These acquisitions show Kraken’s commitment to strengthening its presence in regulated markets and providing advanced trading tools for its clients.