Crypto.com receives EU license for the introduction of crypto finance derivatives
The first mobile crypto and payment platform Crypto.com has received a license with which it can offer financial derivatives on cryptocurrencies in the European Economic Area.
According to a notice From May 21, Crypto.com received a license according to the guideline for markets for financial instruments (MIFID).
“We have already expanded our brand presence in Europe since receiving the mica license and are now looking forward to offering our customers in the region even more opportunities through these new offers to deal with our platform,” said Kris Marszalek, co-founder and CEO of Crypto.com.
Crypto.com in mid -January receiveto be active in the entire European Union as part of a markets in Crypto-Assets (Mica) license. The company received the official approval for the takeover of the trading service provider based in Cyprus Service provider at Allnew Investments from the Cypriot Securities and Stock Exchange Supervisory Authority (CYSEC).
Takeover: Popular strategy
The company is not the first crypto company to receive a MiFID license through the takeover of a financial company based in Cyprus. On May 20th gab The cryptocurrency exchange was familiar with the start of the regulated derivative trade on their platform. With the takeover, the stock exchange secured an EU license as part of the markets for financial instruments (MIFID II).
As with Crypto.com, a company based in Cyprus played a role. Kraken took over the MiFID II-regulated company Payward Europe Digital Solutions to offer its derivatives. Kraken did the Futures trading platform Ninjatatrader in early May adopted. The company's turnover rose by 19 % in the first quarter compared to the previous year to $ 471.7 million.
Krypto-Derivate im Trend
Coinbase CEO Brian Armstrong recently said that after taking over the crypto derivative platform Deribit, his company would continue to become looking for. The listed US crypto exchange had at the beginning of the month The takeover of Deribitone of the world's largest trading platforms for crypto derivatives.
The large crypto tour Gemini recently received the official approval, trading in crypto derivatives to expand in Europe.
