Kraken, a leading US crypto exchange, has secured a Markets in Financial Instruments Directive (MiFID) license, enabling it to offer derivatives to advanced traders in the EU. This license was obtained through the purchase of a Cypriot investment firm, signaling Kraken’s commitment to expanding in the European market.
With Europe’s crypto market projected to reach a growth rate of 15% annually until 2030, Kraken will now enter a competitive environment featuring other platforms like Bitstamp and Coinbase. New EU regulatory initiatives, particularly the MiCA regulation, are addressing key issues related to crypto activities.
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