Slovenian Regulator Grants Bitstamp License for Crypto Derivatives

CN
5 hours ago

The Slovenian securities regulator has granted Bitstamp a Markets in Financial Instruments Directive (MiFID) Multilateral Trading Facility (MTF) license, enabling the cryptocurrency exchange platform to offer more sophisticated products to institutional and retail customers. The license also gives Bitstamp the green light to offer crypto derivative products, including perpetual swaps.

According to a statement, the Securities Market Agency’s approval gives investors exposure to crypto without them directly holding this asset. Investors will also utilize Bitstamp’s “highly efficient spot exchange” when trading. Commenting on Bitstamp’s receipt of the license, Jean-Baptiste Graftieaux, global CEO of Bitstamp, said:

“We’re immensely proud to be one of the first cryptocurrency exchanges to be granted the MiFID MTF license. Not only is it a testament to our safety, security, trustworthiness, and compliance, but it is also emblematic of the industry’s increasing maturity as a whole.
With this license, Bitstamp will be able to offer derivatives products to investors, helping to usher in a trading ecosystem that supports a range of trading and investment strategies, including helping institutional investors achieve increased capital efficiency.”

Slovenia’s MTF license allows firms to operate a multilateral trading facility where multiple parties can trade financial instruments, including cryptocurrencies. Bitstamp is among the first cryptocurrency exchanges to receive the license, which allows investors to trade EU-regulated crypto derivatives.

The MiFID is a European Union framework that regulates investment services within the eurozone. The framework covers stocks, securities, and derivatives, and it also applies to trading platforms, investment managers, and investment banks. According to Bitstamp, being granted this license showcases the cryptocurrency exchange’s strengths in areas such as anti-money laundering controls and investor protection.

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