According to Cyprus deal, Kraken introduced crypto derivatives in the entire EU

Kraken strengthens its presence on the European market for crypto derivatives by activating a regulatory license, which it acquired a Cypriot investment company at the beginning of the year.

This Step If the US exchange gives the green light, regulated derivative products in the entire European Economic Area (EEA), which includes all EU member states as well as Iceland, Liechtenstein and Norway.

The license, which was granted as part of the EU MiFid Directive, follows directly on Kraken's introduction of the British derivative trade in May. With the EU start, the company is now significantly expanding its access to one of the most advanced cryptoma markets worldwide.

“Europe quickly develops into an important center for trading digital assets,” said Shannon Kurtas, Head of Exchange at Kraken, and referred to institutional demand and regulatory clarity in the region. The company states that the new offer represents the largest regulated crypto derivative platform in the EU.

Derivatives have become a cornerstone of the global business of octopuses and make up around 50 % of the total volume of the stock exchange. According to Alexia Theodorou, head of the derivative business at Kraken, such products accounted for up to 75% of crypto trade worldwide.

The expansion of octopuses is part of a more comprehensive strategy to strengthen global presence in heavily regulated countries. The company uses licenses to serve demanding investors in compliance with local laws.