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 permitted by the Cyprus Securities and Alternate Fee (CySEC).
This milestone marks a major step in our enlargement 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 are going to work on assembly the circumstances to go stay and launch the merchandise in native EU markets.
“As we proceed to develop our companies throughout the globe, our concentrate on the European market stays a high precedence,” mentioned Shannon Kurtas, Kraken Co-GM of Professional & Alternate. “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 some of the lively areas for crypto derivatives buying and selling, Europe represents certainly one of our key development 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’ve got been on the forefront of unlocking superior, regulated buying and selling alternatives for superior and institutional buyers. In 2019, we acquired Crypto Services, 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 trade 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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