Kraken-Owned Crypto Facilities Wins UK License to Offer Derivatives Trading

[Lorix]

A London-based subsidiary of cryptocurrency exchange Kraken has been approved to operate its derivatives platform by the U.K.’s financial regulator.

Crypto Facilities, also known as Kraken Futures, announced it had been granted a Multilateral Trading Facility (MTF) license from the U.K.’s Financial Conduct Authority (FCA) on Monday.
The license will allow for institutional clients to trade on the futures platform who would otherwise be prohibited by law from trading on unlicensed exchanges.
More info: https://www.coindesk.com/kraken-crypto-facilities-license-derivatives-trading-uk-fca