Kraken Expands in Europe with New License for Regulated Crypto Derivatives

Kraken has secured a significant regulatory approval, obtaining a Markets in Financial Instruments Directive (MiFID) license in the European Union.

This approval was facilitated by its acquisition of a Cypriot Investment Firm, which had already received the green light from the Cyprus Securities and Exchange Commission (CySEC).

The MiFID license paves the way for Kraken to offer regulated cryptocurrency derivatives products to experienced traders in select EU markets. This move is part of Kraken’s broader strategy to enhance its presence across Europe, a key region for crypto derivatives trading.

With this new license, Kraken can now expand its offerings to include fully compliant derivatives products, ensuring they meet all relevant EU financial regulations. However, before fully launching these services, Kraken will adhere to additional regulatory conditions, gradually rolling out its derivatives products to ensure full compliance.

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Kraken’s acquisition of Crypto Facilities, a UK-based crypto futures platform, previously bolstered its position in the UK’s derivatives market. With the MiFID license, Kraken is now poised to expand its regulated services throughout more of Europe, catering to advanced traders with a wide range of digital asset derivatives. These products will provide an effective means for traders to manage their risks with the ability to use various collateral currencies.

The growing European crypto derivatives market, driven by institutional and advanced investors, presents a promising opportunity for Kraken. This expansion reflects the increasing demand for secure and regulated crypto trading solutions, aligning with Kraken’s long-term objectives in the European market.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.