Crypto Facilities, a subsidiary of Kraken, the largest cryptocurrency exchange in Europe by euro trading volumes, has become the first cryptocurrency company to obtain a Multilateral Trading Facility (MTF) license from the UK’s Financial Conduct Authority (FCA).

With this new license, Crypto Facilities will be able to expand its product range and better serve institutional clients who are mandated to trade on licensed platforms.

Additionally, it will be the first authorized derivatives marketplace in Europe offering leveraged trading of cryptocurrencies. Leveraged, cash-settled futures contracts offer a valuable tool for traders seeking exposure to bitcoin and other crypto assets without holding or accepting delivery of the product. 

“We undergo these licensing efforts because Kraken is about making crypto accessible for everyone,” said Jesse Powell, CEO and Cofounder of Kraken. “This particular license means that a sophisticated class of investors, limited by their own requirements to interface with a regulated venue such as an MTF, will now have access to crypto derivatives in Europe for the first time. More participants means more liquidity and a better experience for everyone.”

“Crypto Facilities has pioneered cryptocurrency derivatives since 2015. We are proud to now become the first licensed cryptocurrency derivatives exchange outside of the US.” said Timo Schlaefer, CEO of Crypto Facilities.

About Crypto Facilities

Crypto Facilities Ltd was acquired by Kraken in early 2019 and has since been operating it’s platform under the trading name Kraken Futures. Crypto Facilities is a leading provider of futures contracts in BTC, ETH, XRP, BCH and LTC with up to 50x leverage. 

To find out more, please visit http://www.cryptofacilities.com. 

For additional information about the MTF, please visit https://www.cryptofacilities.com/resources/hc/en-us/articles/360010890798.

Sign in to your Kraken account

Download the Kraken Futures App from the App Store or Google Play: