## Kraken Secures New Crypto Derivatives License in Europe
### Introduction
In a significant development for the crypto trading platform, Kraken has successfully obtained a license to offer crypto derivatives within the European Economic Area (EEA). This new license allows Kraken to expand its services and cater to the growing demand for comprehensive and regulated offerings among European clients.
### License Acquisition and Offering
**Kraken’s Expanded Offering in Europe**
Kraken, in an official announcement, disclosed that it can now provide customers within the EEA access to perpetual and fixed maturity futures. These derivative products are fully compliant with MiFID II, the Markets in Financial Instruments Directive.
**Partnership with Greenfield Wealth**
To facilitate this extended service, Kraken will be working through its acquisition of Cypriot investment firm, Greenfield Wealth. This strategic partnership not only enables the rollout of the new derivatives offering but also ensures regulatory compliance and operational efficiency.
### Importance of the New Services
**Catering to Growing Demand**
Kraken’s decision to offer these new services stems from the increasing demand for regulated and comprehensive trading options within the European market. By providing a platform that adheres to regulatory standards, Kraken aims to meet the evolving needs of its European clientele.
**Regulatory Clarity and User Benefits**
The newly launched derivatives offering not only provides regulatory clarity for users but also guarantees that all derivatives available on the Kraken platform are recognized and compliant. This move ensures a secure trading environment for European customers, offering transparency and peace of mind.
### Conclusion
In conclusion, Kraken’s acquisition of a crypto derivatives license in Europe marks a significant milestone for the platform and its users. By expanding its services within the EEA through regulatory-compliant offerings, Kraken aims to provide an enhanced trading experience while meeting the demands of a growing market. This development underscores Kraken’s commitment to innovation, compliance, and customer satisfaction in the dynamic cryptocurrency landscape.
Source: [CoinGape](https://coingape.com/kraken-secures-new-crypto-derivatives-license-in-europe/)