Kraken Secures EU MiFID License for Crypto Derivatives Expansion

Kraken Secures EU MiFID License to Enhance Crypto Derivative Trading

Kraken, a leading cryptocurrency exchange, has obtained a Markets in Financial Instruments Directive (MiFID) license in the European Union. This regulatory approval was achieved through the acquisition of a Cypriot Investment Firm, which received approval from the Cyprus Securities and Exchange Commission (CySEC). The license enables Kraken to offer regulated crypto derivatives products to advanced traders in selected EU markets.

The newly secured license reinforces Kraken's commitment to meeting the growing demand for secure and regulated crypto derivatives trading in the EU. In the coming months, Kraken will work on meeting the conditions to go live and launch the products in local EU markets. This offering allows advanced traders to gain exposure to a wide selection of assets in a capital-efficient and flexible manner, using a variety of collateral currencies to back their positions.

As one of the most active regions for crypto derivatives trading, Europe represents one of Kraken's key growth markets. 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.

Kraken has been at the forefront of unlocking advanced, regulated trading opportunities for advanced and institutional investors. In 2019, Kraken acquired Crypto Facilities, a U.K. FCA-regulated crypto futures platform, which later became the first licensed crypto futures platform in the U.K.

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.