I am glad to be able to announce the Financial Instruments Directive (MIFID) license market on the EU. The license was acquired through the acquisition of a recently approved Cyprus Investment Company by the Cyprus Securities and Exchange Commission (Cysec).
This milestone is an important step in our expansion strategy, and can fully comply with advanced crypto traders throughout the selected EU market and provide regulated derivative products.
The newly protected license will enhance our commitment to meet the growing demand for encryption derivatives, which are traded in the EU. In the next few months, we will work to meet the conditions for releasing products locally in the local EU market.
“As we continue to expand our services around the world, the focus of the European market is still the top priority,” said Shannon Kurtas, Pro & Exchange’s Craken Co-GM. “This acquisition reflects our trust in the EU and emphasizes our commitments to provide advanced encryption traders and investors a restrictive environment.”
With this provision, advanced traders can be exposed to a wide range of assets in a flexible way in a capital -efficient and flexible way to support the position using a variety of collateral.
Europe represents one of our main growth markets as one of the most active areas of encryption derivative transactions. The ability to provide complete -based derivative products regulated from the EU -controlled base consists of a strategy to expand our products to meet the evolving needs of sophisticated investors.
We are at the forefront to unlock the highly regulated trading opportunities for institutional investors. In 2019, the Crypto Futures platform, a British FCA regulation, acquired the Crypto facility.
We are committed to setting up industry standards for security, innovation and compliance while providing the best trading experience in the growing EU client base.
These materials are only for general information, not a recommendation or solicitation to purchase, sell, bet, or hold CryptoAsset, or engage in specific trading strategies. Kraken does not work to raise or lower the price of a specific CryptoAsset that is available. Some encryption products and markets are regulated, and other products are not regulated. Anyway, Kraken may or may not be registered or permit to provide specific products and services in each market. It may not be protected by government compensation and/or regulatory protection schemes. Unpredictable properties in the CryptoAsset market can lead to fund loss. Taxes may be paid for the increase in the value of the return and/or encrypted assets, and you need to ask for an independent advice on the taxable position. Geographical restrictions may be applied. See the legal disclosure for each jurisdiction area.