We are pleased to announce that the EU has obtained the Financial Instruments Directive (MIFID) license market. The license was obtained by the acquisition of the cypress investment company and was recently approved by the CySec Commission (Cysec).
This milestone shows an important step in the expansion strategy, allowing you to complete and complete and provide regulated derivatives products to the advanced encryption traders of the selected EU market.
The newly secure license strengthens our promises to meet the increasing demand for the EU’s safe and regulated derivatives transactions. In the next few months, we will try to meet the conditions to launch and release the product in the local EU market.
Shannon Kurtas, the KRAKEN Co-GM of Pro & Exchange, said, “As we continue to expand our services around the world, our focus on the European market is the top priority. “This argument emphasizes the promise of reflecting our trust in the EU and providing a reliable regulatory environment for high -end encryption traders and investors.”
Through this offering, advanced traders can be exposed to various assets in a capital efficient and flexible way using various collateral currencies.
Europe, one of the most active areas for transactions for cryptocurrency derivatives, represents one of the major growth markets. The ability to provide derivatives products regulated and fully observed in the EU regulatory foundation matches the strategy of expanding the offering to meet the developing demands of sophisticated investors.
We were at the forefront of unlocking advanced and regulatory opportunities for advanced and institutional investors. In 2019, it acquired Crypto Facilies, a UK FCA regulatory password gift platform, and later became an encryption gift platform with the first license of the UK.
We are dedicated to establishing industry standards for security, innovation and regulations, while providing the best trading experience in our class for growing EU clients.
This data is used only for general information purposes and is not recommended or recommended to purchase, sell, hold or hold investment advice or encryption. Kraken does not work to increase or lower the price of a specific password analyzer. Some encryption products and markets are regulated and other encryption products are not regulated. Nevertheless, Kraken does not need to be registered or in other ways to provide specific products and services to each market, and you may not be protected by government compensation and/or regulatory protection systems. Unpredictable characteristics of the cryptoasset market can lead to money loss. Taxes must obtain independent advice on the increase in value and/or taxes of cryptoassets. Geographical limitations can be applied. See the legal disclosure of each jurisdiction.