CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
BitcoinSistemi 2025-02-04 14:26:09

Giant Cryptocurrency Exchange Announces License to Operate in European Union Countries!

Leading cryptocurrency exchange Kraken has marked a major milestone in its strategy to expand into Europe by obtaining a Markets in Financial Instruments Directive (MiFID) license. Kraken Receives MiFID License, Paving the Way for EU Crypto Derivatives Expansion The license, obtained through the acquisition of a Cypriot investment firm regulated by the Cyprus Securities and Exchange Commission (CySEC), will allow Kraken to offer crypto derivatives products across the 27-country European Union. Kraken’s entry into the EU derivatives market was made possible by its acquisition of the Cypriot firm, granting the exchange the necessary regulatory approval under MiFID. The move positions Kraken alongside other major players in the European crypto space, such as Bitstamp and FTX EU. “Over the coming months, we will be working to meet the requirements to go live and launch products in local EU markets,” Kraken said in a blog post, signaling that it is ready to expand its product offerings to European merchants. This latest development is in line with Kraken's broader strategy to strengthen its presence in Europe. The company has been steadily building its regulatory footprint, having previously acquired Crypto Facilities, a UK-based, Financial Conduct Authority (FCA)-regulated crypto futures platform, in 2019. With its MiFID license secured, Kraken is poised to capitalize on the growing demand for regulated crypto derivatives within the EU, providing investors with new opportunities in the evolving digital asset landscape. *This is not investment advice. Continue Reading: Giant Cryptocurrency Exchange Announces License to Operate in European Union Countries!

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.