Cryptocurrency Exchange Kraken announced the launch of regulated derivatives trading on its platform under the European Union’s Markets in Financial Instruments Directive (MIFID II).
According to one May 20 announcementPerpetual and fixed maturity crypto futures contracts are available for trading customers and institutional customers in the European Economic Area (EEA). The announcement complies with the exchange Obtaining a Mifid license in early February By obtaining a Cypriot investment firm, approved by the Cyprus Securities and Exchange Commission.
The leader of Kraken’s exchange, Shannon Kurtas, said, “Europe is one of the fastest growing regions for the trading and investment of digital assets, along with some of the most sophisticated and demanding clients and institutions.”
He added, “Clients and partners are increasingly asking for comprehensive offerings within a regulated framework.”
Kraken did not respond to Cointelegraph’s request for comment by publication.
Release Kraken
Kurtas said following the deployment of new derivatives products, “they (users) may be seamless trading futures as part of a whole suite of products” on the platform.
Derivatives, he said, will improve the “capital efficiency, access to liquidity, reliability and enable sophisticated techniques and position management.” Kraken’s derivatives are offered by a Cyprus based on the MIFID II-regulated entity, Payward Europe Digital Solutions.
Launching follows Kraken completing its getting into the trading platform in futures Ninjatrader earlier this month, as the first quarter revenue jumped 19% year-on-year up to $ 471.7 million.
Crypto derivatives see a lot of activity
Recently, Coinbase CEO Brian Armstrong said his firm Continue to seek opportunities for integration and acquisitionAfter obtaining the crypto derivatives platform deribit. Comments come after the US Crypto Exchange is publicly listed earlier this month consent to obtain a deribitOne of the largest platforms in the world’s crypto derivatives.
The main crypto exchange Gemini has recently received approved regulation in Expand crypto derivatives trading throughout Europe. Gemini’s European leader, Mark Jennings, said in the statement of May 9:
“When we start business activities, we will be able to offer regulated derivatives throughout the EU and EEA (European Economic Area) under Mifid II.”
Decentralized Finance Platform synthetix also Plans to venture further with crypto derivatives with plans to recover the crypto options platform. The transaction is subject to approval from both synthetix and originated in communities.
