Crypto.com conquers Europe: now also offering financial derivatives!

Crypto.com conquers Europe: now also offering financial derivatives!

On May 21, 2025, Crypto.com took a significant regulatory step by obtaining a MiFID license. This license allows Crypto.com to offer financial derivatives on cryptocurrencies in the European Economic Area. TradingView reports that authorization has been granted in accordance with the Markets in Financial Instruments Directive (MiFID). Kris Marszalek, co-founder and CEO of Crypto.com, was excited about the new offerings and their potential.

The MiFID license is part of Crypto.com's broader expansion strategy and follows the acquisition of a Markets in Crypto-Assets (MiCA) license in January 2025, allowing the company to expand its services within the EU. About the approval from the Cyprus Securities and Exchange Commission CySEC to take over the trading service provider A.N. Allnew Investments in Cyprus reported CoinJournal. Allnew is already CySEC licensed, allowing Crypto.com to offer various financial products, including securities and derivatives.

Market movements and further developments

In addition to Crypto.com's progress, the cryptocurrency market has witnessed a number of other regulatory milestones in recent days. On May 20, Kraken announced the official launch of regulated derivatives trading on its platform. Kraken, which received an EU license through its acquisition of MiFID II-regulated firm Payward Europe Digital Solutions, reported first-quarter revenue rose 19% to $471.7 million. The company also acquired futures trading platform NinjaTrader at the beginning of May.

The developments at Crypto.com and Kraken reflect increasing regulation in the crypto sector. Coinbase, led by CEO Brian Armstrong, also announced it would continue to explore merger and acquisition opportunities after acquiring crypto derivatives platform Deribit. Additionally, crypto exchange Gemini has also received approval to expand crypto derivatives trading in Europe.

Potential of the Cronos token

The positive news about Crypto.com’s expansion could also impact the Cronos Token (CRO). In the past three months, the token reached highs of $0.1 and $0.22 in December 2024. According to CoinJournal, the current market environment, supported by the new license, could serve as a catalyst for further growth of the CRO as the token shows bullish potential with an ascending triangle pattern.

In summary, by obtaining the MiFID license, Crypto.com consolidates its position in the European market for regulated financial products and advances its expansion into crypto trading. The increasing sales among competitors and the growing regulatory environment also create an optimal climate for the development of the entire sector.