What is a Multilateral Trading Facility (MTF)?
An MTF is a European classification of trading venues that facilitate the exchange of regulated financial instruments between multiple parties. Crypto Facilities has been granted an MTF licence by the UK financial regulator, the Financial Conduct Authority (FCA). You can find details of the licence here.
Who are Crypto Facilities Ltd?
Crypto Facilities Ltd is the UK entity, wholly owned by Kraken, that operates the platform with the trading name Kraken Futures.
Does this mean I am now trading on an MTF?
No. While Crypto Facilities Ltd has been granted an MTF licence, this license is currently not in use. The MTF will officially launch later in 2020. There will be communication notices sent out to all clients before this time.
Are there any new products being launched?
Yes! We plan to widen our product offering and list additional cryptocurrency futures later this year.
Do I need to take any action?
No - at the moment there is no action required. Crypto Facilities may reach out to you if you need to take any action.
I have funds and open positions in my account, what should I do?
Keep trading as normal - there is no action required at this time. Our support team will reach out with more information if required.
Does this mean Kraken Exchange is an MTF?
No, this licence only applies to Crypto Facilities Ltd and the trading platform operated by Crypto Facilities Ltd. Crypto Facilities Ltd is a subsidiary of the Kraken group but that does not mean that the MTF license applies to any of Kraken’s other products or entities.
What does this licence mean for Crypto Facilities?
The MTF licence will allow Crypto Facilities Ltd to better serve large institutional clients who wish to trade on licensed venues and to further expand its product offering.