Search results for MiFID
Crypto
Kraken launches cryptocurrency payment card in UK and Europe with up to 2 percent cashback
Cryptocurrency exchange Kraken has begun issuing debit cards for users in Britain and the European Economic Area. Users can spend cryptocurrencies and cash held in their Kraken accounts, with payments running on the Mastercard network and conversions available for more than 600 currencies at purchase. Kraken says it does not charge its own payment or ATM fees. Cashback of up to 2 percent depends on average balances and is paid weekly in bitcoin, euros or pounds.
Crypto
ESMA warns many prediction market event contracts may be banned for sale to EU retail investors
The European Securities and Markets Authority warned that many prediction market contracts may already fall under an EU ban on selling certain products to retail investors. ESMA said firms cannot avoid EU financial rules by marketing such products as “event contracts”. It reaffirmed that event contracts classed as financial instruments cannot be marketed, distributed or sold to retail investors under national rules implementing ESMA’s 2018 restrictions on binary options.
Crypto
Coinbase launches 24-hour perpetual stock contracts for non-U.S. investors
Coinbase has introduced perpetual stock contracts for investors outside the United States as it targets global investment markets, Cointelegraph reported on March 20. The move is part of a strategy to expand trading so users can trade cryptocurrencies, stocks and prediction markets on one platform around the clock. The service is available only to non-U.S. traders, with plans to expand later. It is offered in 26 countries, including in Europe, under MiFID rules.