Kraken Secures Key EU License, Bolsters Crypto Derivative Offerings in Europe
by aria-crypto.com
February 4, 2025 at 14:32
Kraken Secures Key EU License, Bolsters Crypto Derivative Offerings in Europe
Leading cryptocurrency exchange Kraken has successfully obtained a Markets in Financial Instruments Directive (MiFID) license through the acquisition of a Cypriot investment firm. This milestone allows Kraken to offer crypto derivatives products across all 27 European Union member states. The license, regulated by the Cyprus Securities and Exchange Commission (CySEC), is crucial for Kraken's European expansion plans. By securing this license, Kraken joins other significant players in the EU crypto market, such as Bitstamp and FTX EU. In its blog post, Kraken announced its readiness to launch new products in local EU markets in the upcoming months. The acquisition illustrates Kraken's ambitious strategy to enhance its regulatory footprint and reach in Europe since it already acquired Crypto Facilities, an FCA-regulated platform, in 2019. Kraken's new regulatory capabilities are expected to meet the growing investor demand for legitimate crypto derivatives in the EU.
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