What to know:
- Bitstamp is one of a select group of crypto trading platforms to hold a Markets in Financial Instruments (MiFID II) licence. (Yes, it’s a big deal, darling!)
- Bitstamp, which is being bought by Robinhood, plans to launch a fully regulated perpetual swap offering. (Because who doesn’t love a good swap?)
So, here’s the scoop: Bitstamp, the granddaddy of cryptocurrency exchanges, is gearing up to roll out regulated crypto derivatives trading in Europe. Yes, you heard that right! According to two insiders who probably know more than they let on, this is happening. 🎉
With its long-standing obsession with compliance (seriously, it’s like they have a compliance shrine), Bitstamp is one of the few crypto trading platforms to hold a Markets in Financial Instruments (MiFID) license. This is basically the VIP pass for trading securities and derivatives in Europe, which got a makeover in 2022 to include crypto assets. Talk about a glow-up!
“With its MiFID license in Europe, Bitstamp plans to launch a fully regulated perpetual swap offering,” one of the insiders said, probably while sipping a fancy latte. ☕️
Thanks to the arrival of regulatory clarity in Europe (finally, right?), firms with MiFID II licenses, like Point72 Ventures-backed D2X and Backpack Exchange (which is basically the phoenix rising from the ashes of FTX EU), are jumping on the crypto derivatives bandwagon. Who knew regulations could be so exciting? 🎢
Most of the crypto derivatives volume is currently hanging out offshore, and these new players are on a mission to steal the spotlight from the likes of Panama-based centralized exchange Deribit. Because why not shake things up a bit?
Oh, and let’s not forget that in June of last year, it was announced that fintech giant Robinhood would be acquiring Bitstamp. So, not only does Bitstamp have a bright future in Europe, but it’s also strutting its stuff in the U.S. with multiple state licenses, including the oh-so-coveted New York State BitLicense. Talk about a power move!
Bitstamp, being the mysterious entity it is, declined to comment because, you know, the plans are still under wraps. But we’re all waiting with bated breath! 😏
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2025-01-21 17:13