We’re excited to announce we’ve got obtained a Markets in Monetary Devices Directive (MiFID) license within the EU. The license was obtained by the acquisition of a Cypriot Funding Agency, which was not too long ago accepted by the Cyprus Securities and Trade Fee (CySEC).
This milestone marks a major step in our growth technique, permitting us to supply absolutely compliant and controlled derivatives merchandise to superior crypto merchants throughout chosen EU markets.
The newly secured license reinforces our dedication to assembly the rising demand for safe and controlled crypto derivatives buying and selling within the EU. Within the coming months, we’ll work on assembly the circumstances to go stay and launch the merchandise in native EU markets.
“As we proceed to broaden our companies throughout the globe, our concentrate on the European market stays a high precedence,” mentioned Shannon Kurtas, Kraken Co-GM of Professional & Trade. “This acquisition displays our confidence within the EU and underscores our dedication to offering a trusted, regulated atmosphere for superior crypto merchants and buyers.”
This providing permits superior merchants to achieve publicity to a wide array of belongings in a capital-efficient and versatile method, utilizing quite a lot of collateral currencies to again their positions.
As probably the most energetic areas for crypto derivatives buying and selling, Europe represents one in every of our key progress markets. The flexibility to supply regulated and absolutely compliant derivatives merchandise from an EU-regulated base aligns with our technique of increasing our choices to satisfy the evolving wants of subtle buyers.
We have now been on the forefront of unlocking superior, regulated buying and selling alternatives for superior and institutional buyers. In 2019, we acquired Crypto Amenities, a U.Okay. FCA-regulated crypto futures platform, which later grew to become the primary licensed crypto futures platform within the U.Okay.
We stay dedicated to setting business requirements for safety, innovation, and compliance whereas delivering best-in-class buying and selling experiences for our rising EU consumer base.
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