Financial Conduct Authority of Britain (FCA) has given the way to crypto in Europe
The affiliated comany of Kraken Crypto Facilities has become the first platform of licensed derivatives offering crypto with extended use in EU
England promotes crypto assets
Crypto Facilities presents futures contracts for ВТС, ETH, XRP, BCH and LTC with leverage up to 50 times. After getting the MTF license from FCA the resource may expand its offer for institutional clients who can trade only at licensed platforms.
The news underlines that the company is the first and the only one that proposes usage of loan cryptos in EU. Jessy Powell, the CEO and co-founder of Kraken said in the official statement, “We are making these efforts for getting license because
Kraken aims to make crypto accessible for all users. This license would mean that a complicated class of investors who have certain restrictions for dealing with regulated entities like MTF will get an access to derivatives in Europe. The more users are involved in the market, the higher is the liquidity and better is the experience for all of them”.