As a seasoned researcher with a keen eye for financial trends and regulatory developments, I find this news about Bitstamp’s MiFID MTF license incredibly intriguing. Having closely followed the crypto market’s evolution over the past decade, it’s fascinating to see how traditional finance and cryptocurrencies are gradually merging, with regulated exchanges like Bitstamp expanding their product offerings.
Bitstamp has been granted a MiFID Multilateral Trading Facility (MTF) license by the Securities Market Agency of Slovenia. With this license, the platform can now provide advanced financial instruments to both its institutional and individual customers.
Under the terms of the license, Bitstamp has been granted permission to introduce cryptocurrency derivative products into their offerings. These include perpetual swaps – financial contracts that enable traders to predict price fluctuations in crypto tokens without a specific expiration date. Moreover, this license expands opportunities for trading stocks, commodities, bonds, and other complex financial products as well.
In a statement, Bitstamp’s CEO, Jean-Baptiste Graftieaux, noted that the license isn’t just a symbol of our commitment to safety, reliability, trustworthiness, and adherence to regulations – it also signifies the growing maturity of the entire industry.
Under the European Union’s MiFID II, the MTF license creates a regulatory structure for exchanges to function within a controlled setting, allowing them to provide a wide range of financial goods while adhering to EU legal requirements.
The move places Bitstamp closer to institutional clients’ demand for crypto derivatives as one of the first exchanges to operate under the license. Among other exchanges regulated under the MTF license is Amsterdam-based D2X.
In 2021, cryptocurrency exchange Bitstamp was purchased by American fintech company Robinhood for $200 million. This acquisition, planned to finalize in early 2025, aims to broaden Robinhood’s cryptocurrency services and geographical influence, specifically targeting growth in Asia, the United Kingdom, and the European Union.
Robinhood, too, has encountered difficulties in its cryptocurrency services. In May, they were issued a Wells Notice by the U.S. Securities and Exchange Commission (SEC), which accused them of breaching securities regulations concerning their cryptocurrency operations.
Read More
- DYM PREDICTION. DYM cryptocurrency
- ZK PREDICTION. ZK cryptocurrency
- CYBER PREDICTION. CYBER cryptocurrency
- JASMY PREDICTION. JASMY cryptocurrency
- POPCAT PREDICTION. POPCAT cryptocurrency
- SKEY PREDICTION. SKEY cryptocurrency
- TURBO PREDICTION. TURBO cryptocurrency
- Top gainers and losers
- BNB PREDICTION. BNB cryptocurrency
- XRP PREDICTION. XRP cryptocurrency
2024-10-25 21:20