Mars Finance News, according to The Block, crypto exchange Kraken has obtained the MiFID license by acquiring a Cyprus-licensed institution, officially expanding its derivatives business across the entire European Union. Alexia Theodorou, the head of derivatives business at the exchange, previously revealed that derivatives trading already accounts for half of its total trading volume. This expansion enables Kraken to provide compliant derivatives services to users in the European Economic Area (including 27 EU countries, Iceland, Liechtenstein, and Norway). In May this year, Kraken had already launched similar products for qualified investors under the supervision of the UK Financial Conduct Authority (FCA).
Kraken receives Cyprus license and expands its derivatives business in the EU
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