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Kraken opens up the use of EU users' encryption assets as derivation collateral, subject to dual regulation of MiFID and MiCA.
PANews November 4 news, according to The Block, Kraken announced that its EU MiFID regulated derivation platform now supports users using encryption assets as collateral. Previously, it was only limited to fiat collateral. This expansion is based on its MiCA license obtained from the Central Bank of Ireland and MiFID qualifications in Cyprus, aiming to provide more flexible Margin Trading options within a compliance framework to meet the strong demand from institutional clients for encryption native products.