Bitstamp has received a MiFID Multilateral Trading Facility (MTF) licence from Slovenia’s Securities Market Agency, enabling it to offer crypto derivatives products such as perpetual swaps in the European Union.
The Markets in Financial Instruments Directive (MiFID) governs traditional financial markets across the EU, covering assets like stocks, securities, and derivatives, and applies to various financial entities, including trading platforms, investment managers, and banks.
In a recent blog post, Bitstamp announced it is one of the first crypto exchanges to secure a MiFID MTF licence, allowing it to offer “more sophisticated products” to institutional and retail clients.
“The license demonstrates the strength of Bitstamp’s security and safety mechanisms, corporate governance, internal regulatory and anti-money laundering controls, and client protection,” the announcement read.
Jean-Baptiste Graftieaux, Bitstamp’s global CEO, celebrated the license, calling it a
“testament to our safety, security, trustworthiness, and compliance.”
He noted that this achievement reflects the industry’s growing maturity and allows Bitstamp to expand its support for diverse trading and investment strategies, with a particular focus on institutional investors.
This regulatory approval builds on Bitstamp extensive compliance efforts globally. The crypto exchange secured a provisional crypto license from the Monetary Authority of Singapore (MAS) in March 2024, making it the first European-founded exchange authorized to offer Digital Payment Token services in Singapore. The platform, which holds regulatory approvals across over 50 jurisdictions globally, has steadily expanded its international reach, including authorizations in the U.K. and the U.S.
In another development, Bitstamp was recently acquired by retail investment platform Robinhood in a $200 million deal. This strategic move, revealed on June 6, allows Robinhood to extend its reach into EU, UK, and Asian markets, broadening its crypto services beyond the U.S. Executives from both companies highlighted the deal as an opportunity to enhance customer service across these key regions.
If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.
“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”
