Cryptocurrency exchange Bitstamp has recently achieved a significant milestone by obtaining a MiFID Multilateral Trading Facility license from Slovenia’s Securities Market Agency. This license will allow Bitstamp to offer a variety of crypto derivatives, including perpetual swaps, to both institutional and retail investors in the European Union.
The MiFID regulation, which regulates traditional financial markets in the EU, covers a wide range of financial instruments such as stocks, securities, and derivatives. By obtaining this license, Bitstamp becomes one of the first crypto exchanges to be able to offer such products, marking a significant step towards providing more sophisticated trading options for its customers.
Bitstamp’s CEO, Jean-Baptiste Graftieaux, expressed his excitement about the licensing, highlighting that it not only demonstrates the platform’s commitment to security, trustworthiness, and compliance but also reflects the overall growth and maturity of the cryptocurrency industry. With this license, Bitstamp will be able to cater to a broader range of trading strategies, particularly benefiting institutional investors who are looking for more advanced investment options.
In addition to this recent achievement, Bitstamp has been expanding its global presence, with the Monetary Authority of Singapore granting the exchange a provisional crypto license earlier this year. This approval allows Bitstamp to offer Digital Payment Token services in Singapore, further solidifying its position as a leading cryptocurrency exchange in the Asian market.
Overall, Bitstamp’s acquisition of the MiFID MTF license is a significant development for the exchange and the cryptocurrency industry as a whole. It not only opens up new opportunities for investors in the EU but also demonstrates Bitstamp’s commitment to regulatory compliance, security, and innovation. With this license in hand, Bitstamp is well-positioned to continue its growth and expansion into new markets, providing customers with access to a wider range of trading options and investment opportunities.
