Perpetuals’ Multilateral Trading Facility approved to expand MiFID II license

Perpetuals.com (PDC) announced that the company’s CySEC-regulated Multilateral Trading Facility has received approval from the Cyprus Securities and Exchange Commission to expand its MiFID II license to include “Reception and Transmission of Orders and Execution of Orders on Behalf of Clients.” The approval makes Perpetuals the first European trading venue for crypto derivatives to combine a fully regulated MTF with direct client execution in a single licensed entity. No external broker or other intermediary is required anymore. Clients onboard directly with the MTF operator, trade on the matching engine, and are covered by full MiFID II investor protections throughout. Perpetuals has also replaced its external clearing house with proprietary clearing infrastructure, completing the vertical integration of its trading stack.