Kraken Expands EU Derivatives Market with Cypriot License

Kraken, a prominent crypto exchange, is extending its derivatives trading across the EU through a regulated entity in Cyprus. This follows its UK derivatives launch and acquisition of a MiFID license via a Cypriot firm. The EU expansion allows Kraken to offer compliant derivatives to advanced traders. Derivatives now form a significant part of Kraken’s operations, contributing to half its trading volume. These products will be accessible throughout the European Economic Area, tapping into the region's growing digital asset interest. Previously, Kraken rolled out derivatives in the UK, its second-largest market after the U.S.