A recent licensing acquisition allows for new opportunities in the European financial market. A Cypriot Investment Firm was purchased, and this move received approval from the Cyprus Securities and Exchange Commission (CySEC). The new license under the Markets in Financial Instruments Directive (MiFID) opens pathways to offer regulated derivatives products to seasoned crypto traders in select EU markets.
The primary objective of this development is to expand service offerings across Europe. Fostering a trusted environment for advanced crypto trading is a key goal, and additional conditions for launching these products in local markets will be addressed in the coming months. This initiative reflects a strong commitment to meeting the increasing demand for secure crypto trading options.
The planned offerings will cater to advanced traders by providing access to a diverse range of assets, supported by various collateral currencies. Aiming to align with growth strategies, this move emphasizes the vital role of Europe as a significant market. Previous expansions included acquiring a UK FCA-regulated crypto futures platform, enhancing service availability.
Additionally, there is a new initiative aimed at clients previously associated with FTX. Eligible clients will receive fee credits, enabling them to trade a substantial amount of cryptocurrency without incurring trading fees. This program is part of the effort to assist clients in converting USD payouts from FTX into cryptocurrencies efficiently.
Qualified clients may receive trading fee credits based on the amount they receive. This initiative further reinforces a commitment to providing valuable services while enhancing market presence in the evolving cryptocurrency landscape.