Kraken Secures Regulatory Approval for Crypto Derivatives in EU

Kraken has received regulatory approval to offer crypto derivatives across the European Union, following a license acquisition in Cyprus.

Key Developments

Kraken can now expand its crypto derivatives services to users in the European Economic Area.
The approval was granted after acquiring a Cypriot investment firm, providing a Markets in Financial Instruments Directive (MiFID) license from the Cyprus Securities and Exchange Commission (CySEC).
The exchange aims to serve retail and institutional investors in the EU.
Users in countries like France, Germany, and the Netherlands will have access to Kraken’s perpetual and fixed maturity futures contracts, with daily trading volume estimated between $1 billion and $2 billion.
Derivatives now represent a significant portion of Kraken’s trading activity, reflecting a global trend where derivatives account for up to 75% of total crypto market volume.
Kraken's growth includes acquiring platforms like Crypto Facilities and NinjaTrader, enhancing its position in regulated markets.
The introduction of the Embed application enables neobanks and fintech firms in Europe to offer both spot and derivatives trading.
Kraken’s expansion aligns with the EU's rapid growth in digital assets, positioning it to meet increased demand for regulated trading.