We are delighted to announce that we have obtained a license in the markets in the financial instruments (MIFID) in the EU. The license was obtained thanks to the acquisition of a Cypriot investment company, recently approved by Cyprus Securities and Exchange Commission (CYSEC).
This step marks an important step in our expansion strategy, allowing us to offer fully compliant and regulated derivatives to advanced crypto traders on selected EU markets.
The newly guaranteed license strengthens our commitment to meet the growing demand for secure and regulated cryptographic derivatives in the EU. In the coming months, we will work to fulfill the online conditions and launch the products on the local EU markets.
“While we continue to expand our services around the world, our emphasis on the European market remains an absolute priority,” said Shannon Kurtas, Kraken co-gm of Pro & Exchange. “This acquisition reflects our confidence in the EU and underlines our commitment to provide a regulated confidence environment for merchants and advanced investors.”
This offer allows advanced merchants to expose themselves to a wide selection of assets in an economical capital and flexible manner, using a variety of collateral currencies to support their positions.
As one of the most active regions for the trade in cryptographic derivatives, Europe represents one of our main growth markets. The possibility of offering regulated and fully compliant derivative products from a basis regulated by the EU is aligned with our strategy for expanding our offers to meet the evolution needs of sophisticated investors.
We were at the forefront of unlocking advanced and regulated trading opportunities for advanced and institutional investors. In 2019, we acquired cryptocurrencies, a platform of future cryptocurrency in the United Kingdom, which later became the first term crypto platform under license in the United Kingdom
We remain determined to establish industry standards for safety, innovation and compliance while offering the best trading experiences in its category for our growing EU clientele.
These documents are for general information only and are not investment advice or a recommendation or solicitation to buy, sell, count or maintain a cryptoasset or engage in a specific negotiation strategy. Kraken does not work and does not work to increase or decrease the price of a particular cryptocurrency that it makes available. Some cryptographic products and markets are regulated and others are not regulated; Be that as it may, Kraken may or may not be obliged to be registered or otherwise authorized to provide specific products and services on each market, and you cannot be protected by government remuneration and / or regulatory protection plans . The unpredictable nature of the crypto-tassets markets can cause loss of funds. The tax may be payable on any declaration and / or on any increase in the value of your cryptocurrency and you should request independent advice on your tax position. Geographic restrictions can apply. See legal disclosure for each jurisdiction here.
