Cryptocurrency exchange Kraken has achieved a significant milestone by obtaining a MiCA license from the Central Bank of Ireland. This achievement enables the company to expand its regulated services in European Economic Area countries.
Securing the MiCA License
The MiCA license opens new opportunities for Kraken, allowing the company to offer its services in 30 European Economic Area countries. This is an important step for growth and a serious presence in the European market.
Kraken’s Expansion Plans
With the licensing achievement, Kraken aims to develop its institutional and retail offerings, targeting millions of EU users with secure and regulated digital asset services.
Support from the Irish Government
The company acknowledged the significant role of the Irish Government and IDA Ireland in fostering a collaborative regulatory environment that contributed to this achievement.
The acquisition of the MiCA license is a crucial step for Kraken in its efforts to expand its presence in Europe, reaffirming its commitment to responsible innovation in the crypto industry.
