Bitstamp Earns MiFID MTF License

• The acceptance of license from the Securities Market Agency will also provide the investors a great exposure to crypto.
• The MTF license of Slovenia gives a permission to the companies to control a multilateral trading facility.
• As per the European crypto exchange, Bitstamp, the grant of this license is a proof of the capability of the cryptocurrency exchange in some sectors. 

The director of securities from Slovenia has given Bitstamp, an European cryptocurrency exchange a Markets in Financial Instruments Directive (MiFID) Multilateral Trading Facility (MTF) license. 

After accepting this license, the European cryptocurrency exchange will be eligible to offer more revolutionary products to institutional as well as retail customers. The crypto exchange platform can also supply crypto derivative products such as perpetual swaps. 

The acceptance from the Securities Market Agency will also provide the investors a great exposure to crypto without them personally holding this asset, as quoted in a statement. Investors can also use the highly efficient spot exchange by Bitstamp while trading. 

What does the CEO of Bitstamp say?

The chief executive officer of Bitstamp, Jean-Baptiste Graftieaux has left comment over Bitstamp’s license and stated that, “We are extremely proud to become the first ever cryptocurrency exchange to have a MiFID MTF license. 

Apart from evidence of our safety, security, trustworthiness and compliance, it also represents the growing maturity of the crypto industry in the general run of things. He further went on adding that, after having this license, Bitstamp can also provide derivatives products to investors, which will eventually help to assist in the trading ecosystem. 

That trading ecosystem that  backs a lot of trading as well as investment strategies, such as helping out the institutional investors to gain increased capital efficiency. 

MTF license approves multilateral trading facility 

The MTF license of Slovenia gives a permission to the companies to control a multilateral trading facility where numerous parties will be able to trade financial instruments such as cryptocurrencies. Bitstamp has become the first crypto exchange platform to have this license, which gives a permission to the investors to trade EU-regulated crypto derivatives.

The MiFID is a scheme of the European Union that controls the investment services within the boundaries. The framework includes stocks, securities as well as derivatives. Not only this, it also applies to trading platforms, investment managers as well as investment banks. 

As per the European crypto exchange, Bitstamp, the grant of this license is a proof of the capability of the cryptocurrency exchange in some sectors such as anti-money laundering controls along with investor protection.