Kraken, a crypto exchange, has announced that it has obtained a Markets in Financial Instruments Directive (MiFID) license in the EU
In the blog post, the company said that the license was secured by acquiring a Cypriot investment firm, which was recently approved by the Cyprus Securities and Exchange Commission (CySEC).
This is a major step in the company’s expansion strategy, enabling it to provide fully regulated crypto derivatives to advanced traders in selected EU markets. The newly secured license reinforces its commitment to secure and compliant trading, with product launches expected after meeting final requirements.
Shannon Kurtas, Kraken’s Co-GM of Pro & Exchange, said, “As we continue to expand our services across the globe, our focus on the European market remains a top priority.” The company believes in the European market and is dedicated to creating a secure and regulated environment for competent crypto traders and investors.
This offering enables advanced traders to access a wide range of assets efficiently, using different collateral currencies to support their positions.
Europe, a significant market for cryptocurrency derivatives, is essential to Kraken’s expansion plan. Offering regulated derivatives from a basis that has been approved by the EU is consistent with its strategy to satisfy the changing demands of sophisticated investors.
Kraken has always prioritized chances for regulated trading. It became the first approved crypto futures platform in the UK in 2019 after acquiring Crypto Facilities, a UK-based platform authorized by the FCA.
The company remains committed to security, innovation, and compliance, ensuring a top-tier trading experience for its expanding EU client base.
Also Read: Kraken to Delist 4 Stablecoins, Including USDT Next Month
