Kraken Gains Cyprus License to Offer Derivatives in EU

Main notes

• Kraken got a MIFID license by acquiring the Cyprus Investment Company earlier this year.
• Kraken’s license will give more space to expand encryption derivatives in the European Union.
• Derivatives are now a large part of the total global trading and encryption markets.

Digital asset exchange giant Corner She took another step in its global strategy. According to the exchange, it has obtained an organizational approval to provide encryption derivatives in the European Union. This is followed by a recent license in Cyprus.

Kraken acquires a ground in the European market

according to The stock exchange announcementKraken has received the green light to expand encryption derivative services for users throughout the European Economic Zone. The move became possible after the platform acquired the Cyprus Investment Company earlier this year.

Kraken acquisition has granted markets in the MIFID. This will allow the coded currency entity to serve institutional investors in the field of retail and institutions in the European Union. The permit was granted by the Cyprus Securities and Exchange (CYSEC), which represents a remarkable expansion of continents.

It should be noted that this recent update is part of the recent growth strategy in Kraken. In a recent report, Coinspeaker indicated that Kraken is now providing commission -free The shares listed in the United States and the traded investment funds qualifiers Customers in ten American states.

Once again, this last update follows a similar offer in the UK. UK officials have given access to the stock exchange to start providing trading organization derivatives under the supervision of the Financial behavior body.

Now, users in the European Union countries, including France, Germany, the Netherlands and others, will be able to access the permanent and fixed futures group in Kraken. According to the head of exchange in Kraken, Shanenon Kurtas, these contracts are already a large trading volume, which ranges between one billion dollars and 2 billion dollars per day.

Courtas stated that the focus is not on launching new contracts. However, they are working to improve the products that already exist with strong liquidity and mature markets.

I mentioned that the necessary infrastructure is already. This allows a decrease in implementation costs and greater efficiency for users who transfer money inside and outside the system.

Mashtaqat is now a basic company for Krakeen Exchange

Curd derivatives have become a major part of the KAKEN World Show. The company estimates that derivatives are now a lot of its general commercial activities. On a wider scale, global encryption markets have seen derivatives dominated, representing up to 75 % of the total size.

since The United States has dropped a lawsuit, Cracks have expanded. Its growth includes obtaining encryption facilities, UK futures and ninjatrader, an American derivative platform. These movements show Kraken’s goal in leading the regulatory encryption markets.

Crypto Exchange recently introduced an application in Europe. This allows Neobanks and Fintech platforms to deliver the trading of its customers and its derivatives. Large encryption companies are increasingly turning into Cyprus states such as Cyprus and Malta. These sites help them to obtain organizational approval more quickly.

It is necessary to add that the European Union is one of the fastest growing regions of digital assets. Kraken’s step is placed in a strong position to meet the increasing demand for the region on the trading of organized and effective derivatives.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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