As a seasoned analyst with over two decades of experience in the financial sector, I find this news about Bitstamp securing a MiFID Multilateral Trading Facility license particularly noteworthy. Having witnessed the evolution of traditional markets and their regulatory frameworks, it’s fascinating to see cryptocurrency exchanges like Bitstamp adopting similar rigorous standards.
Bitstamp has obtained a MiFID Multilateral Trading Facility license, allowing them to provide European Union-regulated cryptocurrency derivative trading opportunities to both institutional and individual investors.
Bitstamp, a well-known cryptocurrency exchange, has achieved a significant accomplishment by obtaining a MiFID Multilateral Trading Facility license from Slovenia’s Securities Market Agency. This license empowers Bitstamp to provide crypto derivative products, such as perpetual swaps, to its users.
The MiFID (Markets in Financial Instruments Directive) legislation, which oversees conventional financial markets within the European Union, includes stocks, bonds, derivatives, and other financial instruments. This regulation affects various trading venues, investment advisors, and banks. On October 24, Bitstamp announced through a blog post that it is one of the initial cryptocurrency exchanges to secure a MiFID MTF (Multilateral Trading Facility) license. This significant achievement allows the platform to offer more complex financial products to both its institutional and retail clients.
This license showcases the robustness of Bitstamp’s security and safety systems, their corporate management structure, their internal regulations and anti-money laundering measures, and their commitment to safeguarding clients.
Bitstamp
As Jean-Baptiste Graftieaux, Global CEO of Bitstamp, I’m thrilled to express my appreciation for our recent licensing. This isn’t just a symbol of our commitment to safety, security, trustworthiness, and compliance, but it also underscores the growing maturity of our industry as a whole. With this license in hand, we can now extend our platform to accommodate a wider array of trading and investment strategies, catering especially to the needs of institutional investors. This is an exciting time for us at Bitstamp!
In early March, Bitstamp was given a temporary crypto license by the Monetary Authority of Singapore. This move is part of Bitstamp’s plan to increase its international reach and establish itself more firmly in Asia. As a result, the company received the prestigious Major Payment Institutional approval, enabling them to provide Digital Payment Token services within Singapore.
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2024-10-25 14:50