Crypto.com believes in the European Union’s license to launch Crypto Financial Derivatives

Crypto.com has secured Crypto.com from the transformer via mobile phone platform, allowing it to provide financial derivatives in the cryptocurrency in the European Economic Zone.
According to May 21 advertisementCrypto.com obtained a directive license for financial tools (MIFID).
“We have already expanded our commercial brand in Europe since our MICA license has received, and we are now looking to provide customers throughout the region by communicating with our platform through these new offers,” said co -founder and CEO of Crypto.com.
It follows the advertisement Crypto.com receives approval in principle To work throughout the European Union under markets in the MICA license in mid -January. The company obtained an organizational approval of its acquisition of the Cyprus trading services company, ALNEW Investments of the Cyprus Securities and Exchange (CYSEC).
Crypto.com did not immediately respond to CointeleGRAP’s request for comment.
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Popular strategy
The company is not the first encryption entity to obtain a MIFID license by obtaining a financial company based on Cyprus. On May 20, the encrypted currency exchange Kraken announced the launch of organized derivatives Its platform under the European Union markets in directing financial tools (MIFID II).
Like Crypto.com, a Cyprus -based entity played a role in the strategy, where Kraken depends on Digital Europe Digital solutions organized by MIFID II to present its derivatives. Follow -up kraken Complete its acquisition on the future trading platform Earlier in Ninaberder in May, its revenues in the first quarter jumped by 19 % on an annual basis to 471.7 million dollars.
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Recently, Coinbase CEO Brian Armstrong said his company It will continue to search for the opportunities for integration and acquisitionAfter obtaining the Deribit encryption platform. The comments came after the American encryption exchange earlier this month He agreed to obtain deribitOne of the largest transmission trading platforms in the world.
Major Crypto Excination Gemini recently received organizational approval on Expand the trading of encryption derivatives throughout Europe. Finally, synthetix decentralized financing platform He will also venture with encryption derivatives With plans to re -obtain the encryption options platform.
Crypto.com has made its fair share of acquisitions. That includes Findek Securitiesand Charterand Orion managers and Sec -Cresister-Dealeer-Dealer Watchdog Capital.
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