Kraken, a leading cryptocurrency exchange, has received the MiCA license from the Central Bank of Ireland, enabling operations in 30 EU countries starting June 2025.
Acquisition of MiCA License and Service Expansion
Kraken has successfully obtained the MiCA license issued by the Central Bank of Ireland, allowing fully regulated crypto services across 30 EU member states. This milestone follows their recent acquisitions of the electronic money institution and MiFID licenses, reflecting the company's regulatory preparedness.
Impact on the Market and User Trust
With the MiCA license, Kraken can now offer compliant trading of cryptocurrencies, including Bitcoin and Ethereum, in a secure environment. This is expected to lead to expanded client access and increased trading volumes and liquidity. Arjun Sethi, Co-CEO of Kraken, highlighted this achievement as a significant step towards enhancing trust in the platform.
Significance of License for Kraken and Crypto Industry
The acquisition of the MiCA license positions Kraken among the few exchanges authorized for pan-European operations, promoting robust regulatory standards within the EU crypto landscape. The license is expected to positively impact liquidity in European markets and increase user confidence in compliance.
The acquisition of the MiCA license marks an important milestone for Kraken, strengthening its market position and showcasing a broader industry shift towards regulatory clarity and user trust.
