Kraken launches derivatives trading in Bermuda with BMA license
The crypto exchange is expanding its offerings in Bermuda as the US SEC goes after it on its home turf.
Cryptocurrency exchange Kraken has opened a derivatives trading platform in Bermuda, having received a license from the Bermuda Monetary Authority (BMA).
Bermuda is becoming an attractive locale for regulating cryptocurrency activities. Kraken follows Coinbase International and HashKey Global to the island.
The BMA indicates that Payward Digital Solutions (Kraken’s legal name) received a Class F Digital Business License on July 30, enabling it to provide wallet services, operate as a digital asset derivative exchange provider and operate as a digital asset lending or digital asset repurchase transactions service provider, among other things.
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Author: Derek Andersen
