Kraken opens up cryptocurrency assets for EU users as collateral for derivatives, regulated by both MiFID and MiCA

According to The Block, Kraken has announced that its EU MiFID-regulated derivatives platform now supports users using crypto assets as collateral. Previously, only fiat collateral was allowed.

This expansion is based on its MiCA license obtained from the Central Bank of Ireland and its MiFID qualification in Cyprus, aiming to provide more flexible leveraged trading options within a compliant framework to meet the strong demand from institutional clients for crypto-native products.