Share this article
BTC
$117,930.62
+
0.11%ETH
$3,790.79
+
0.40%XRP
$3.1026
-
1.14%USDT
$1.0000
-
0.00%BNB
$810.93
-
2.68%SOL
$180.41
-
3.53%USDC
$0.9999
-
0.01%DOGE
$0.2231
-
3.37%TRX
$0.3374
+
4.41%ADA
$0.7813
-
2.45%HYPE
$43.41
-
3.47%SUI
$3.8162
-
6.39%XLM
$0.4182
-
1.31%LINK
$17.77
-
3.42%HBAR
$0.2658
-
2.14%BCH
$563.27
-
2.97%AVAX
$24.51
-
6.54%WBT
$43.80
-
0.13%LTC
$108.49
-
1.27%LEO
$8.9689
+
0.01%Sign Up
- Back to menuCryptocurrencies
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars
Kraken Secures License to Enter EU Derivatives Market
The license was obtained through the acquisition of a Cypriot firm.
What to know:
- Crypto exchange Kraken secured a MiFID license in the European Union.
- Kraken was able to obtain the license by acquiring a Cypriot investment firm.
- The license will enable it to offer crypto derivatives products in the block of 27 nations.
Crypto exchange Kraken secured a Markets in Financial Instruments Directive (MiFID) license in the European Union.
Kraken was able to obtain the license that will enable it to offer crypto derivatives products in the block of 27 nations by acquiring a Cypriot investment firm which had the license from the Cyprus Securities and Exchange Commission (CySEC).
STORY CONTINUES BELOW
"In the coming months, we will work on meeting the conditions to go live and launch the products in local EU markets.," the company said in its blog post on Monday.
The exchange joins others like Bitstamp and FTX EU, which was recently bought by BackPack, that hold the MiFID license.
The license is part of Kraken's expansion plan across Europe. It also acquired Crypto Facilities, a U.K. FCA-regulated crypto futures platform, in 2019.
Camomile Shumba
Camomile Shumba is a CoinDesk regulatory reporter based in the UK. Previously, Shumba interned at Business Insider and Bloomberg. Camomile has featured in Harpers Bazaar, Red, the BBC, Black Ballad, Journalism.co.uk, Cryptopolitan.com and South West Londoner.
Shumba studied politics, philosophy and economics as a combined degree at the University of East Anglia before doing a postgraduate degree in multimedia journalism. While she did her undergraduate degree she had an award-winning radio show on making a difference. She does not currently hold value in any digital currencies or projects.
More For You
Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A coalition of fintech and crypto trade groups is urging the White House to defend open banking and stop JPMorgan from charging fees to access customer data.
What to know:
- Ten major fintech and crypto trade associations have urged President Trump to stop big banks from imposing fees that could hinder innovation and competition.
- JPMorgan's plan to charge for access to consumer banking data may debank millions and threaten the adoption of stablecoins and self-custody wallets.
- The CFPB's open banking rule, which mandates free consumer access to bank data, is under threat as banks have sued to block it, and the CFPB has requested its vacatur.
Top Stories
