Kraken provides Mifid license, enhances the presence of the EU EU derivatives

In the last development, Crypto Exchange posted Kraken on a blog publish that it has secured the market in the financial instruments directive (Mifid) license in the EU. The license was obtained by acquiring a Cypriot investment company, recently approved by the Cypriot Commission for Securities and Exchange (CYSEC).

Significant is that this turning point is a significant step in its expansion strategy, allowing him to provide fully aligned and regulated products of derivatives to experienced crypto dealers in certain EU markets.

This move is in line with the company’s strategy to expand its mark in Europe, which is the key to the cryptocurrency derivative. By fulfilling regulatory standards, Kraken aims to ensure that its services are complying with EU financial regulations.

“As we continue to expand our services around the world, our focus on the European market is still a major priority,” said Shannon Kurtas, Kraken Co-GM from Pro & Exchange. The company is convinced of the European market and is dedicated to providing a safe and regulated environment for qualified crypto merchants and investors.

Kraken plans to meet additional requirements before launching its derivative products in Europe. The company will publish these bids gradually, making sure that they adhere to the regulations. This move strengthens Kraken’s commitment to providing safe and regulated trade options for its users.