PANews reported on January 21 that according to CoinDesk, the cryptocurrency exchange Bitstamp plans to launch regulated crypto derivatives trading services in Europe, including perpetual contract products. Bitstamp holds the Markets in Financial Instruments Directive II (MiFID II) license, which lays the foundation for its regulated derivatives trading in Europe.

The move comes as Europe becomes more clear about crypto regulation and aims to take market share from offshore platforms such as Deribit. Bitstamp was recently acquired by Robinhood.