Kraken obtains a MiFID license in Europe through the acquisition of a Cypriot investment firm approved by CySEC, allowing it to offer regulated derivative products.
Europe remains a strategic priority for Kraken, which aims to provide a regulated and secure framework for advanced traders looking to exploit crypto derivatives.
This expansion is in line with Kraken’s strategy, which had already acquired Crypto Facilities in 2019 to develop its regulated derivatives offering in the UK.
Kraken improves its licenses in Europe
Kraken has reached a major milestone in its expansion in Europe with the acquisition of a MiFID (Markets in Financial Instruments Directive) license. This advancement was made possible through the acquisition of a Cypriot investment firm recently approved by the Cyprus Securities and Exchange Commission (CySEC). With this license, Kraken is positioning itself to offer a range of regulated derivative products to advanced traders in several European markets.
Europe, which is among the most dynamic regions for crypto derivatives trading, is a strategic priority for Kraken. This acquisition strengthens its commitment to providing a regulated and secure framework for sophisticated investors wishing to fully exploit the potential of digital derivative products.
An offering of derivatives compliant with European standards
Thanks to this MiFID license, Kraken will be able to offer derivative products compliant with European regulations, thus ensuring increased legal security for investors. These instruments will allow advanced traders to expose their portfolios to a selection of diversified assets while optimizing the use of their capital through various types of collateral.
As we continue our global expansion, Europe remains one of our priority markets. This acquisition reflects our confidence in the region and our commitment to providing a regulated and reliable trading environment for the most advanced crypto investors.
Shannon Kurtas, co-GM of Kraken Pro & Exchange
Development aligned with Kraken’s strategy
This is not the first time Kraken has entered the regulated derivatives market. In 2019, the exchange had already acquired Crypto Facilities, a UK-based platform for regulated crypto futures by the UK FCA. This initiative allowed it to obtain the first license for trading cryptocurrency futures in the UK.
With this new expansion in Europe, Kraken continues its mission to establish high standards of security and regulatory compliance. This approach aims not only to reassure institutional investors but also to meet the growing requirements of financial authorities, who seek to regulate the crypto market while promoting its development.
Towards an imminent launch of regulated derivative products
The acquisition of the MiFID license is just the beginning of this new European adventure for Kraken. In the coming months, the platform will put in place the necessary conditions for the effective launch of its regulated derivative products in local markets. This initiative aims to offer a first-class trading experience, combining innovation, compliance, and flexibility.
With this advancement, Kraken confirms its position among the leaders in the cryptocurrency market by offering solutions tailored to investors looking to navigate a regulated environment without sacrificing the efficiency and performance of their trading strategies.
