On July 6, the Financial Conduct Authority (FCA), licensed Crypto Facilities, the largest cryptocurrency futures exchange in Europe, as a fully recognized multilateral trading facility (MTF).
The company – which offers a venue for leveraged, cash-settled futures contracts to traders seeking exposure to Bitcoin and other crypto assets without holding or accepting delivery of the underlying – becomes the first crypto exchange to achieve such recognition.
With this new licence, it will be able to serve institutional clients who are mandated to trade only on licensed platforms and to increase its product offering.
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