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Kraken Gains MiFID License Through CySEC Approved Cypriot Firm Purchase

Kraken Gains MiFID License Through CySEC Approved Cypriot Firm Purchase
Cryptocurrency exchange Kraken has acquired a Markets in Financial Instruments Directive (MiFID) license in the European Union (EU) through the purchase of a Cypriot Investment Firm. This enables Kraken to offer regulated crypto derivatives products to advanced traders in select EU markets. The acquisition reflects Kraken's confidence in the EU and its commitment to providing a trusted and regulated environment for crypto traders and investors. Kraken has been expanding its offerings for institutional investors, and this move aligns with its growth strategy in the European market. Additionally, the exchange has introduced a new initiative offering fee credits to clients receiving funds from FTX on its platform.

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