Kraken Acquires EU MiFID License, Expands Regulated Crypto Derivatives Trading in Europe
Key Highlights:
- Kraken secures an EU MiFID license through the acquisition of a CySEC-approved Cypriot investment firm.
- The license enables Kraken to offer compliant crypto derivatives trading to advanced traders in select EU markets.
- The exchange plans a phased rollout of its regulated derivatives products.
Kraken Strengthens European Presence with MiFID License
Kraken has officially obtained a Markets in Financial Instruments Directive (MiFID) license within the European Union, following the acquisition of a Cypriot Investment Firm approved by the Cyprus Securities and Exchange Commission (CySEC).
This regulatory approval allows Kraken to expand its crypto derivatives offerings while ensuring full compliance with EU financial regulations. The move is part of Kraken’s broader strategy to strengthen its presence in the European market, particularly among advanced traders seeking regulated derivatives products.
Enhancing Compliance and Market Expansion
According to a recent company statement, securing the MiFID license is a major step toward expanding regulated trading services in Europe. The exchange aims to gradually introduce derivatives trading while ensuring strict compliance with EU regulatory standards.
Kraken is working on meeting additional requirements before officially launching these products in various European markets. This phased rollout will enable traders to access a broader selection of digital assets through derivatives, helping them effectively manage risk exposure using multiple collateral currencies.
Kraken’s Growing Focus on Regulated Derivatives Trading
Kraken has been actively expanding its regulated derivatives offerings. Previously, the company acquired Crypto Facilities, a UK-based crypto futures platform regulated by the Financial Conduct Authority (FCA). This acquisition bolstered Kraken’s standing in the UK derivatives market, and with the MiFID license, the company is now set to extend its regulated services to more European countries.
With increasing institutional and advanced investor interest, the European crypto derivatives market has experienced significant growth. Kraken’s expansion aligns with the growing demand for secure and compliant trading solutions.
Competitive Landscape in the European Crypto Market
Europe remains a crucial growth hub for Kraken, given its dynamic cryptocurrency trading environment. The MiFID license allows Kraken to operate within a regulated framework, addressing the increasing demand for secure and compliant crypto derivatives trading.
The European market continues to evolve, with major crypto platforms strengthening their regulatory compliance. Earlier today, Binance Pay announced a partnership with xMoney to enhance its crypto payment ecosystem across Europe, connecting users to over 32,000 merchants.
Kraken’s latest regulatory milestone reinforces its long-term vision of providing secure, transparent, and compliant trading solutions for institutional and retail traders across the European continent.
