Cryptocurrency exchange Kraken has expanded its services in Europe by launching regulated crypto derivatives trading, targeting both retail and institutional investors across the European Economic Area (EEA). This move follows Kraken’s acquisition of a MiFID II license through the purchase of a licensed Cypriot investment firm, approved by the Cyprus Securities and Exchange Commission.
The newly introduced derivatives products include perpetual and fixed maturity crypto futures contracts, now available on Kraken’s platform. These offerings are facilitated through Payward Europe Digital Solutions, Kraken’s Cyprus-based entity operating under MiFID II regulations.
Shannon Kurtas, Kraken’s Head of Exchange, highlighted Europe’s significance in the digital asset landscape, stating, “Europe is one of the fastest-growing regions for digital asset trading and investment, with some of the most sophisticated and demanding clients and institutions.” He emphasized that clients increasingly seek comprehensive offerings within a regulated framework.
The launch of these derivatives products is part of Kraken’s broader strategy to enhance its global presence. Earlier this month, Kraken completed the acquisition of NinjaTrader, a futures trading platform, contributing to a 19% year-on-year revenue increase, reaching $471.7 million in the first quarter.
Kraken’s entry into the European regulated derivatives market aligns with a broader industry trend, as major exchanges like Coinbase and Gemini also pursue regulatory approvals to offer similar products in the region. This development underscores the growing demand for regulated crypto derivatives trading options among European investors.
