Bitstamp, the longest-running cryptocurrency exchange, plans to roll out regulated cryptocurrency derivatives trading in Europe, according to two people familiar with the matter.
With its long-standing focus on compliance, Bitstamp is one of a select group of cryptocurrency trading platforms that have marketplaces for financial instruments (Mivid) Licensing, a pan-European regulatory framework for securities and derivatives trading, which was amended in 2022 to include cryptoassets.
“With its MiFID license in Europe, Bitstamp plans to launch a fully regulated perpetual swap offering,” one of the people said.
The arrival of regulatory clarity in Europe, when it comes to cryptocurrencies and tokens, has led to a planned push for cryptocurrency derivatives trading from companies with MiFID II licences, such as the Point72 Ventures-backed firm. D2Xand Backpack exchangewhich is in the process of acquiring the remainder of FTX EU and its licenses.
The vast majority of cryptocurrency derivatives volume is offshore, and the goal of these new entrants is to shift market dominance away from the likes of Panama-based central exchange Deribit.
In June last year, the financial technology giant was announced Robinhood will acquire Bitstampwhose future looks bright, not only in Europe but also in the United States where it holds multiple state licenses, including a coveted one. New York State BitLicense.
Bitstamp declined to comment because the plans have not yet been announced.
publish_date
