Kraken’s Crypto Circus: A Derivative Delight from Cyprus! 🎪💰

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Ah, dear reader, gather ’round as we unveil the grand spectacle that is Kraken! Yes, the very same Kraken that has risen from the depths of the crypto ocean to launch Europe’s largest regulated crypto derivatives offering, right from the sunny shores of Cyprus! 🌊🏖️

Imagine, if you will, eligible clients and partners in the European Economic Area (EEA) now having access to a veritable cornucopia of liquid futures instruments. Yes, both perpetual and fixed maturity contracts are now at their fingertips, all wrapped up in the delightful compliance of the Markets in Financial Instruments Directive (MiFID II). Who knew regulations could be so… thrilling? 🎢

This magnificent offering is brought to you by a MiFID-regulated investment firm that Kraken, in a fit of entrepreneurial spirit, acquired earlier this year. One can only imagine the boardroom discussions: “Let’s buy a regulated firm! It’ll be fun!” And lo, Kraken Derivatives was born, aiming to provide institutional-grade infrastructure, strong local fiat support, and flexible collateral options. It’s like a buffet for traders, allowing them to optimize capital allocation and manage risk as if they were juggling flaming torches! 🔥🤹‍♂️

Shannon Kurtas, the illustrious Head of Exchange at Kraken, has proclaimed that this launch is perfectly timed to meet the insatiable demand for digital asset trading in Europe. “We are committed to delivering trusted and compliant access to the best markets,” she declares, as if she were a modern-day oracle. 🧙‍♀️

And so, the new derivatives will be available through Payward Europe Digital Solutions (CY), a Cyprus-based entity regulated under MiFID II. One can only hope that the sun shines brightly on this venture, illuminating the path for traders and investors alike! ☀️

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2025-05-21 14:01