The post Kraken Secures MiFID License, Boosts EU Crypto Derivatives Presence appeared first on Coinpedia Fintech News
In a latest development, crypto exchange Kraken announced in a blog post that it has secured a Markets in Financial Instruments Directive (MiFID) license in the EU. The license was obtained through the acquisition of a Cypriot Investment Firm, which was recently approved by the Cyprus Securities and Exchange Commission (CySEC).
Notably, this milestone is a significant step in its expansion strategy, enabling it to provide fully compliant and regulated derivatives products to experienced crypto traders in specific EU markets.
This move is in line with the company’s strategy to expand its footprint in Europe, a crucial market for cryptocurrency derivatives. By meeting regulatory standards, Kraken aims to ensure its services adhere to EU financial regulations.
