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Kraken’s Crypto Facilities Appoints Hedge Fund Veteran as CEO To Boost Institutional Derivatives Offerings

Kraken has appointed Mark Jennings, a hedge fund veteran, as CEO of Crypto Facilities, its UK-based cryptoasset derivatives trading facility for institutions. The platform provides regulated access to cryptocurrency futures to a global client base, with the majority being based in the UK and Europe.

Jennings aims to increase the platform's visibility and emphasise that it is part of the Kraken family, with the opportunity to bring institutional derivative venues to its customers. Crypto Facilities has secured a Multilateral Trading Facility (MTF) license from the Financial Conduct Authority (FCA) and an MLR license, making it a registered cryptoasset business and compliant with money laundering regulations in the country.

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