Kraken Expands Derivatives Services in Europe with MiFID License

Kraken is making a significant move in the European cryptocurrency market. The exchange has expanded its crypto derivatives offerings across the EU, capitalizing on a key regulatory approval. This expansion follows a recent launch in the UK and builds upon Kraken’s strategy to solidify its presence in Europe as a leading multi-product exchange. 🔑 The core of this advancement lies in the MiFID license it obtained earlier this year. This enables the exchange to offer complex financial products, including derivatives, not just within Cyprus but across the entire EU and potentially beyond. This is a crucial step for the crypto industry as the EU’s regulatory environment continues to evolve.