On February 3rd, COINOTAG News reported that the cryptocurrency exchange Kraken has successfully secured the Markets in Financial Instruments Directive (MiFID) license from the European Union. This significant achievement was made possible through Kraken’s acquisition of a Cyprus-based investment firm, which recently received the green light from the Cyprus Securities and Exchange Commission (CySEC). The newly acquired license empowers Kraken to provide fully compliant and regulated derivative products specifically tailored for sophisticated crypto traders within selected EU markets.
This strategic move highlights Kraken’s dedication to addressing the rising demand for secure and regulated crypto trading options in the European Union. Over the next few months, Kraken will focus on fulfilling the necessary regulatory requirements to formally introduce these derivative products, reinforcing its position as a leading player in the evolving landscape of crypto finance.