Kraken Secures Cypriot License, Launches Crypto Derivatives in Europe

Cryptocurrency exchange Kraken has obtained a Cypriot license to offer crypto derivatives services in Europe. This license marks a significant step for Kraken, enabling expansion into the European market and allowing it to serve new clients. The license will permit Kraken to provide a wide range of derivative products, including contracts for difference (CFDs) and futures, to European traders. Kraken has emphasized its commitment to providing secure and reliable services to its customers and adhering to all European regulations and legislation. This event represents a major development in Europe’s cryptocurrency industry, showcasing the growing acceptance and regulation of the sector. The license is expected to encourage other companies to expand into the European market, fostering increased competition and innovation in products and services.