Kraken, a cryptocurrency exchange, has received the MiCA license from the Central Bank of Ireland, allowing it to expand its services in the European market.
MiCA License and Its Significance
Kraken has officially announced the receipt of the MiCA license issued by the Central Bank of Ireland. This license enables the exchange to operate in 27 EU member states and 30 EEA countries. Kraken considers this event a significant milestone in its expansion into the European market.
Focus on the European Market
Following the acquisition of the license, Kraken intends to concentrate on developing services for institutional and retail clients in Europe. The exchange already holds licenses as a Virtual Asset Service Provider (VASP) in several EU states, and aims to enhance its offerings in accordance with MiCA requirements.
Partnership Strategy and Service Development
Kraken is actively developing partnerships, such as with Ninja trader and MasterCard, which enables clients to make cryptocurrency payments. The exchange is also interested in creating educational programs to raise awareness about cryptocurrencies and attract local talent in the region.
The acquisition of the MiCA license provides Kraken with significant advantages and confirms its commitment to safe and responsible business practices in the European market.
