San-Francisco-based digital asset trading platform, Kraken, has announced the launch of regulated crypto derivatives services for users in Europe. In a Tuesday’s blog post, the exchange added that the partnership will provide its clients with access to a full suite of liquid futures instruments while adhering to the recognized regulatory framework.
With this, eligible clients within the ambit of the European Economic Area (EEA) can trade a wide range of crypto derivatives, including perpetual and fixed maturity. As revealed, these derivatives are also compliant with the Markets in Financial Instruments Directive (MiFID II). Kraken added that the services will be offered through the MiFID-regulated investment firm, which it acquired this year.
Notably, the introduction of a MiFID-regulated futures also brings Kraken a step closer to strengthening its position in the emerging market. This regulatory standard derivatives also enables traders to optimize capital allocation and effectively manage risk.
Kraken Head of Exchange sheds more light on the launch
Meanwhile, Kraken Head of Exchange, Shannon Kurtas, has described Europe as one of the fastest-growing regions for digital asset trading and investment. Kurtas added that the region is home to some of the most refined clients and institutions. The exec added that the introduction of regulated derivatives in Europe came at the right time to address the growing demands, further emphasizing the exchange’s commitment to providing trusted, compliant access to the best markets and trading opportunities.
Kurtas empahsized that the launch will enable clients and partners to trade futures, enjoying a comprehensive range of products from one of the most reputable platform in Europe. This advancement further enhances capital efficiency, improves access to liquidity, reliability, and enables sophisticated strategies and position management.
In March, the exchange embarked on a record-breaking acquisition deal to acquire a US-based retail futures trading platform, NinjaTrader. As revealed, Kraken acquired the trading platform for $1.5 billion, making it the largest acquisition of a traditional finance firm by a crypto business set-up.
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