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Kraken Secures MiFID License to Expand Derivatives Trading in Europe
The cryptocurrency exchange giant Kraken has successfully secured a Markets in Financial Instruments Directive (MiFID) license, allowing it to expand its derivatives trading services across selected European markets. This milestone solidifies the company’s position as a leading player in the global crypto-derivative market.
Kraken’s acquisition of Crypto Facilities and the subsequent approval from the Cyprus Securities and Exchange Commission (CySEC), have enabled the exchange to operate under the MiFID regulatory framework. This development will allow Kraken to provide advanced traders with fully regulated, secure, and compliant crypto derivatives products.
The company has emphasized its commitment to delivering secure and legally sound trading options for its users, ensuring that all necessary regulatory requirements are fulfilled before launching these new services. The gradual rollout of derivatives in the EU market reflects this dedication to compliance, as well as the desire to cater to the growing demand from institutional investors and professional traders.
Kraken’s expanded reach into Europe is a testament to the increasing interest among European customers for regulated crypto derivatives products. This rising demand has attracted institutional investors to the sector, highlighting the need for reliable and compliant platforms that can address the needs of experienced professionals.
The exchange is poised to capitalize on this growing market by offering its extensive trading solution system, tailored to meet the requirements of sophisticated traders. The successful attainment of the MiFID license provides Kraken with a strong foundation for growth in the evolving European crypto landscape.
It remains to be seen whether this development will ultimately drive further mainstream adoption of cryptocurrencies and other digital assets in Europe, but it is clear that Kraken’s commitment to regulatory compliance has positioned itself as a leader in this space.
Source: cryptonewsland.com
