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- Kraken has acquired a MiFID license in the EU, enhancing its ability to offer regulated derivatives products.
- This acquisition marks a strategic expansion into the European market, focusing on advanced crypto traders.
- Kraken’s commitment to security and compliance aims to set industry standards while expanding trading opportunities.
Kraken has announced the acquisition of a Markets in Financial Instruments Directive (MiFID) license in the European Union. This development was achieved through the acquisition of a Cypriot Investment Firm, recently approved by the Cyprus Securities and Exchange Commission (CySEC). The full announcement can be found here.
This milestone represents a significant step in Kraken’s expansion strategy, enabling the company to offer fully compliant and regulated derivatives products to advanced crypto traders in selected EU markets. The newly secured license underscores Kraken’s commitment to meeting the growing demand for secure and regulated crypto derivatives trading in the region.
In the coming months, Kraken plans to meet the necessary conditions to launch these products in local EU markets. Shannon Kurtas, Kraken’s Co-GM of Pro & Exchange, emphasized the company’s focus on the European market, stating that the acquisition reflects confidence in the EU and a commitment to providing a trusted, regulated environment for advanced crypto traders and investors.
Expanding Opportunities for Advanced Traders
The new offering will allow advanced traders to gain exposure to a wide selection of assets in a capital-efficient and flexible manner, using various collateral currencies to back their positions. Europe, being one of the most active regions for crypto derivatives trading, represents a key growth market for Kraken.
The ability to offer regulated and fully compliant derivatives products from an EU-regulated base aligns with Kraken’s strategy of expanding its offerings to meet the evolving needs of sophisticated investors. This move follows Kraken’s 2019 acquisition of Crypto Facilities, a U.K. FCA-regulated crypto futures platform, which became the first licensed crypto futures platform in the U.K.
Commitment to Security and Compliance
Kraken remains committed to setting industry standards for security, innovation, and compliance while delivering best-in-class trading experiences for its growing EU client base. The company continues to focus on unlocking advanced, regulated trading opportunities for advanced and institutional investors.
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