Kraken, a popular cryptocurrency exchange, has announced its acquisition of the MiCA license from the Central Bank of Ireland. This event opens new opportunities for the company in the EU market.
MiCA License and Its Significance
The acquisition of the MiCA license significantly integrates Kraken into the EU market, ensuring increased activity in the crypto sphere across member states and enhancing regulatory compliance.
Bitcoin Prices and the Crypto Market
According to CoinMarketCap data, the current price of Bitcoin stands at $107,820.61 with a market capitalization of around $2.14 trillion and a full daily trading volume of $51.72 billion. In the past 90 days, Bitcoin has increased by 25.45%, emphasizing its dominant position in the market, which is currently at 64.82%.
Market Impact and the Future of Crypto Assets
With the acquisition of the license, Kraken anticipates heightened institutional engagement, having already seen euro-denominated crypto trading double to account for 17.5% of its total platform volume. This step aligns with Kraken's previous milestones, including the EMI license in 2023 and the MiFID license in February 2025, which have laid the groundwork for broader market entry and compliance.
The MiCA license will provide Kraken with additional growth opportunities, potentially fostering wider crypto adoption in Europe and strengthening trust in the market.
