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90% of Crypto Derivatives Volume is Offshore: Bitstamp Aims to Change That

Bitstamp, the longest running cryptocurrency exchange, is set to introduce regulated crypto derivatives trading in Europe. Holding a Markets in Financial Instruments (MiFID II) license, Bitstamp is among the few crypto platforms with this regulatory approval. The exchange plans to launch a fully regulated perpetual swap offering. This move comes as Europe clarifies regulations around crypto assets, prompting other MiFID II license holders like D2X and Backpack Exchange to also enter the derivatives market. Currently, 90% of crypto derivatives trading occurs offshore, with exchanges like Deribit dominating. Bitstamp, recently acquired by Robinhood, aims to shift this market dominance. The exchange holds multiple state licenses in the U.S., including a New York BitLicense.

Source: www.coindesk.com

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