Odaily News Kraken, a crypto exchange, has officially expanded its derivatives business throughout the European Union by acquiring a licensed institution in Cyprus and obtaining a license under the Markets in Financial Instruments Directive (MiFID). Alexia Theodorou, head of the exchange's derivatives business, previously revealed that derivatives trading has accounted for half of its total trading volume. The expansion enables Kraken to provide compliant derivatives services to users in the European Economic Area (including the 27 EU countries and Iceland, Liechtenstein, and Norway). In May of this year, Kraken launched similar products to qualified investors under the supervision of the UK Financial Conduct Authority (FCA). (The Block)