Kraken has expanded its derivatives trading services across Europe by offering regulated futures contracts to retail and institutional customers in the EEA.
The move comes after Kraken acquired a Cypriot investment firm, enabling the exchange to secure a MiFID II license and provide futures contracts attracting a daily trading volume of $1 billion to $2 billion.
The expansion strengthens Kraken's position in the fast-growing European digital asset trading market, catering to the increasing demand for regulated crypto derivatives among sophisticated investors.
Kraken's focus on compliance, facilitated by its MiFID II license, allows it to meet regulatory standards in Europe, ensuring trust among users as it aims to cater to the demands of both individual traders and institutions in the EEA.