Kraken Secures EU MiFID License, Expanding Regulated Crypto Derivatives

Kraken Secures EU MiFID License, Enabling Launch of Regulated Derivatives Offering

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 MiFID license allows Kraken to provide fully compliant crypto derivatives products for advanced traders, aligning with the company's strategy to increase its presence in Europe, a key market for cryptocurrency derivatives. By meeting regulatory requirements, Kraken aims to ensure its services comply with EU financial regulations.

Kraken plans to fulfill additional conditions before launching its derivatives offerings in European markets. The company will introduce these products gradually, ensuring compliance with regulatory frameworks. The expansion reinforces Kraken's efforts to offer secure and regulated trading options to its client base.

Kraken has been actively expanding its regulated derivatives offerings. The company previously acquired Crypto Facilities, a UK-based crypto futures platform regulated by the Financial Conduct Authority (FCA). This acquisition strengthened Kraken's position in the UK derivatives market.

With the MiFID license, Kraken can extend its regulated trading services to more European countries. The company aims to provide advanced traders with access to a wide selection of digital assets through derivatives. These products will enable traders to manage their risk exposure efficiently while using different collateral currencies.

The European crypto derivatives market has grown significantly, attracting institutional and advanced investors. Kraken's regulated derivatives offering is expected to further boost the market's growth and attract more investors.