The cryptocurrency exchange Kraken has recently obtained a MiFID II license, providing investors in Europe access to new regulated derivatives products.
Significance of MiFID II License
The MiFID II license represents a regulatory framework that requires a high level of transparency and client protection through strict governance mandates. Kraken has become one of the first cryptocurrency companies to meet these standards through its Cypriot subsidiary Payward Europe Digital Solutions (CY) Ltd.
What This Means for Kraken Traders
Kraken users can now access a complete offering of regulated derivatives products, including fixed-term futures and perpetual contracts on Bitcoin, Ether, and over 100 pairs. All transactions are processed within a regulated framework, compliant with European requirements. Depending on the country of residence, retail clients can benefit from leverage up to ×10.
Additional Advantages of the Platform
Kraken is not limited to compliance. The platform incorporates several differentiating services, including regular cryptographic audits, 24/7 customer support in multiple languages, and a mobile app with an intuitive interface for portfolio management and purchases.
Obtaining the MiFID II license strengthens Kraken's position as a leading platform for European traders seeking security, liquidity, and regulatory compliance.
