Bitstamp secures MiFID MTF license from European regulator

Bitstamp has obtained the MiFID Multilateral Trading Facility license, allowing the exchange to offer EU-regulated crypto derivatives for institutional and retail investors.

Cryptocurrency exchange Bitstamp has reached a milestone by receiving the MiFID Multilateral Trading Facility license from the Slovenian Securities Market Agency, allowing the exchange to offer crypto derivatives, including perpetual swaps.

MiFID regulation, which regulates traditional financial markets across the EU, covers shares, securities and derivatives, applicable to various trading platforms, investment managers and banks. Bitstamp said in a blog announcement on Oct. 24 that it was among the first crypto exchanges to receive the MiFID MTF license, a milestone that enables the platform to offer “more advanced products to its institutional and retail customers.”

“The license demonstrates the strength of Bitstamp’s security and safety mechanisms, corporate governance, internal regulatory and anti-money laundering controls, and customer protection.”

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Jean-Baptiste Graftieaux, Bitstamp’s Global CEO, praised the licensing, stating that it is not only “a testament to our safety, security, reliability and compliance, but also symbolic of the increasing maturity of the industry as a whole.” He added that the license allows Bitstamp to support a broader range of trading and investment strategies, which will particularly benefit institutional investors.

In early March, the Monetary Authority of Singapore granted Bitstamp a temporary crypto license as the platform expanded its global footprint and presence in Asia. The exchange has received the highly acclaimed Major Payment Institutional approval, allowing the firm to offer Digital Payment Token services in the Republic of Singapore.