Crypto Facilities secures MTF license in the UK

Kraken subsidiary Crypto Facilities announced obtaining Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA).

The new license will allow Crypto Facilities to expand its product range and better serve institutional clients who are required to trade on licensed platforms.

Crypto Facilities, also known as Kraken Futures, offers futures contracts in BTC, ETH, XRP, BCH and LTC with up to 50x leverage. Leveraged, cash-settled futures contracts can be a useful tool for traders looking for crypto assets exposure without holding or accepting delivery of the product.

Jesse Powell, CEO and Cofounder of Kraken said:

Jesse Powell, Kraken

Jesse Powell

We undergo these licensing efforts because Kraken is about making crypto accessible for everyone. This particular license means that a sophisticated class of investors, limited by their own requirements to interface with a regulated venue such as an MTF, will now have access to crypto derivatives in Europe for the first time. More participants means more liquidity and a better experience for everyone.

Timo Schlaefer, CEO of Crypto Facilities commented:

Crypto Facilities has pioneered cryptocurrency derivatives since 2015. We are proud to now become the first licensed cryptocurrency derivatives exchange outside of the US.

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