On June 25, 2025, Kraken achieved a significant milestone by obtaining a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA) from the Central Bank of Ireland (CBI). This license enables Kraken to offer regulated crypto services across all 30 countries in the European Economic Area (EEA), marking a pivotal step in its expansion strategy.
A Strong Commitment to Innovation and Trust
Arjun Sethi, Kraken’s co-CEO, emphasized the significance of this achievement:
"Securing this license from the Central Bank of Ireland isn’t just about compliance—it reflects our dedication to fostering responsible innovation in the crypto industry."
Kraken has a well-established presence in Europe, registered as a Virtual Asset Service Provider (VASP) in multiple countries, including Ireland, Spain, and France. The platform pioneered BTC/EUR trading in 2013 and has since been a leader in euro-denominated crypto markets.
Sethi further highlighted:
"As the first major global platform approved by the CBI, we’re reinforcing our mission to build trust through transparency. This license empowers us to enhance our product offerings, improve client services, and strengthen the EU’s crypto ecosystem."
With MiCA compliance, Kraken can now provide fully regulated services—including spot trading, derivatives, and payments—across the EU.
What This Means for Kraken’s Future
The MiCA license positions Kraken for accelerated growth in Europe. Sethi expressed gratitude:
"We appreciate the professionalism of the Central Bank of Ireland and the support from the Irish Government and IDA. Public-private collaboration is key to advancing Europe’s financial innovation, and we’re honored to lead this charge."
👉 Discover how Kraken’s regulated services benefit EU traders
FAQs
1. What does Kraken’s MiCA license allow?
The license permits Kraken to operate as a regulated crypto service provider across all 30 EEA countries, offering trading, derivatives, and payment solutions.
2. Why is the Central Bank of Ireland’s approval significant?
It underscores Kraken’s compliance with stringent EU regulations, enhancing credibility and user trust.
3. How does this impact Kraken’s existing European services?
Existing operations will transition to MiCA compliance, ensuring uniform regulatory standards across the EU.
4. Will Kraken introduce new products under MiCA?
Yes, the license enables expanded offerings, including institutional-grade services and innovative financial tools.
👉 Explore Kraken’s MiCA-compliant features
Conclusion
Kraken’s MiCA license marks a transformative phase for its European operations, combining regulatory rigor with growth opportunities. As the crypto landscape evolves, Kraken’s commitment to compliance and innovation sets a benchmark for the industry.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Consult a qualified professional for investment guidance.
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