PANews reported on May 20th that according to The Block, crypto exchange Kraken obtained the MiFID license by acquiring a Cyprus-licensed institution, officially expanding its derivatives business to the EU region.. The head of derivatives business, Alexia Theodorou, previously revealed that derivatives disclosed that for of total trading>
This expansion enables Kraken to provide compliant derivatives services to users in the including the European Economic (Area (including 27 EU countries, Iceland, Liechtenstein, and Norway). In May this year, Kraken has launched similar products to under theCA regulation for qualified investors. Data shows that cryptocurrency derivatives trading for 70%-75% of global crypto trading volume.
