Kraken Wins MiFID License in EU

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Kraken has announced that it has been granted a Markets in Financial Instruments Directive (MiFID) license in the EU.

This license was obtained through the acquisition of a Cypriot investment firm, which was recently approved by the Cyprus Securities and Exchange Commission (CySEC).

This move marks a significant step in the company’s expansion strategy and allows for the provision of fully regulated crypto derivatives to advanced traders in select EU markets.

The company is committed to ensuring secure and compliant trading, and is expected to launch new products after meeting final requirements. According to Shannon Kurtas, Kraken’s Co-GM of Pro & Exchange:

“Our dedication to the European market remains a top priority as we continue to expand our services worldwide.”

The company has a strong belief in the European market and is determined to create a secure and regulated trading environment for proficient crypto traders and investors. This new license enables advanced traders to efficiently access a variety of assets, with the ability to use different collateral currencies to support their positions.

Louis Adams https://www.satoshihodler.com

I am an experienced crypto news writer. I have been in the industry for many years and believe this tech can bring financial freedom to everyone.