Bitstamp, the world’s oldest cryptocurrency exchange, has achieved a major milestone after receiving a MiFID Multilateral Trading Facility (MTF) license
The license was officially awarded to Bitstamp Financial Services by the Slovenian Securities Market Authority, signaling the growing maturity of the crypto industry and will allow Bitstamp to offer more sophisticated products to its institutional and retail clients.
Crucially, Bitstamp is now authorized to offer crypto derivatives products, including perpetual swaps. Combined with Bitstamp’s efficient spot exchange, these products can provide investors with the opportunity to maximize capital efficiency when trading and gain exposure to cryptocurrency without having to own the cryptocurrency directly.
MiFID regulations govern traditional financial markets within the European Union. It is a framework covering stocks, securities, derivatives and applies to trading platforms, investment managers and investment banks.
Bitstamp is one of the first cryptocurrency exchanges to receive a MiFID MTF license, which means that through Bitstamp, investors will be able to trade EU-regulated crypto derivatives.
The license demonstrates the strength of Bitstamp’s security mechanisms, corporate governance, internal regulatory and anti-money laundering controls, and customer protection. It also further confirms Bitstamp’s compliance with strict capital requirements.
Jean-Baptiste Graftieaux, Global CEO of Bitstamp, said: “We are very proud to be one of the first cryptocurrency exchanges to receive a MiFID MTF license. This is not only a testament to our security, reliability and compliance, but also a symbol of the growing maturity of the industry as a whole.
“With this license, Bitstamp will be able to offer derivative products to investors, helping to build a trading ecosystem that supports a range of trading and investment strategies; including helping institutional investors improve capital efficiency.”
Founded in 2011, Bitstamp has become one of the most trusted and regulated cryptocurrency exchanges in the world. Bitstamp Financial Services is an entity under Bitstamp.