Bitstamp is now authorized to offer crypto derivatives products, such as perpetual swaps, to institutional clients.
Bitstamp has received a MiFID Multilateral Trading Facility (MTF) license from Slovenia’s Securities Market Agency. This license will enable the exchange to offer more sophisticated financial products to its institutional and retail clients.
Under the license, Bitstamp is now authorized to offer crypto derivatives products, such as perpetual swaps, which are financial derivatives contracts that allow traders to speculate on crypto tokens price movements without an expiration date. The license also opens doors for the trading of stocks, commodities, bonds and structured products.
“Not only is it [the license] a testament to our safety, security, trustworthiness and compliance – but it is also emblematic of the industry’s increasing maturity as a whole,” Bitstamp’s global CEO Jean-Baptiste Graftieaux said in a statement.
