Kraken has launched MiFID II-regulated crypto derivatives trading for both retail and institutional users in Europe following its acquisition of a licensed Cypriot investment firm. The exchange is offering perpetual and fixed maturity crypto futures contracts available for trading in the European Economic Area (EEA). This move aligns with Kraken’s strategy to cater to a growing demand for comprehensive offerings within a regulated framework, as noted by Shannon Kurtas, Kraken's head of exchange. He emphasized that Europe is rapidly becoming a significant market for digital asset trading, attracting sophisticated clients and institutions. Other exchanges like Coinbase and Gemini are also expanding their derivative offerings, indicating an active development in the crypto derivatives market. Coinbase acquired crypto derivatives platform Deribit, while Gemini obtained regulatory approval to offer regulated derivatives across the EU and EEA.

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