Crypto.com Gets Greenlight in EU to Launch Crypto Derivatives

Singapore-based crypto exchange platform Crypto.com has announced that it has secured a license in the European Economic Area (EEA). This license allows the company to offer eligible users some financial products, including derivatives and securities.

Crypto.com revealed that the Markets in Financial Instruments Directive (MiFID) adds to the platform’s global regulatory credentials. Additionally, this milestone comes after several strategic acquisitions, including Fintek Securities Pty Ltd., Charterprime Ltd., Orion Principal Ltd., and SEC-regulated broker-dealer Watchdog Capital LLC.

“We have already expanded our brand presence in Europe since receiving our MiCA licence and we now look forward to providing customers across the region even more ways to engage with our platform through these new offerings,” said Kris Marszalek, co-founder and CEO of Crypto.com.

Crypto.com Secures MiCA License

The latest development comes as the company secured a MiCA license in January 2025. Furthermore, the license grants the platform the ability to offer its services throughout the EEA. The move marks a significant step in the platform’s broader expansion strategy.

“Securing a MiFID licence alongside our MiCA licence further solidifies Crypto.com’s position in offering the most comprehensive and regulated suite of financial products for users in the EEA,” Marszalek added.

While the latest move is remarkable, this is not the first time an entity has secured a MiFID license by acquiring a financial firm in Cyprus. On May 20, crypto exchange giant Kraken announced the launch of regulated derivatives trading on its platform, operating under the European Union’s MiFID II.

The launch represents a significant milestone in Kraken’s journey toward global leadership. With this step, the exchange will bring regulated, transparent futures trading to Europe’s crypto traders.

Crypto Firms Finalizing Deals

Like Crypto.com, Kraken used its Cyprus-based arm, Payward Europe Digital Solutions, to roll out regulated European derivatives trading. The launch came shortly after Kraken finalized its acquisition of the futures trading platform NinjaTrader earlier in May, coinciding with a 19% year-over-year increase in Q1 revenue, reaching $471.7 million.

Meanwhile, following Coinbase’s agreement earlier this month to acquire Deribit, one of the leading global crypto derivatives platforms, its CEO Brian Armstrong revealed that the firm aims to actively pursue additional mergers and acquisitions as part of its long-term growth strategy.