Kraken Strengthens Its Leadership with MiCA License

Kraken Receives MiCA License and Continues Expanding Operations in Europe

Kraken, one of the leading cryptocurrency platforms, has officially received a license from the Central Bank of Ireland (CBI) under the Markets in Crypto-Assets (MiCA) regulation of the European Union. This license opens up opportunities for Kraken to continue expanding its services in the European market, serving customers across 30 countries within the European Economic Area (EEA).

1. Kraken Returns with MiCA License from the Central Bank of Ireland

Kraken recently announced that it has officially received the MiCA license from the Central Bank of Ireland (CBI). This marks a significant step in Kraken’s expansion of cryptocurrency services in Europe, while enhancing its ability to collaborate with customers in 30 EEA countries.

2. The Collaboration Between Kraken and the Government of Ireland

Arjun Sethi, Co-CEO of Kraken, expressed gratitude to the Central Bank of Ireland and the Government of Ireland, emphasizing the importance of collaboration between the public and private sectors in advancing the digital financial market in Europe.

Kraken has demonstrated a long-term commitment to meeting CBI's regulatory standards and expanding its cryptocurrency services across Europe.

3. Kraken Builds a Strong Foundation in Europe

Kraken has had a strong presence in major European markets, including Ireland, Belgium, France, Italy, Netherlands, Poland, and Spain. The company introduced the first BTC/EUR trading pair in 2013, solidifying its position in euro-denominated cryptocurrency trading.

The new MiCA license provides Kraken with the opportunity to expand its regulated financial services, catering to millions of customers in the EU, and growing its customer base in both the retail and institutional segments.

4. MiCA Enhances Safety and Transparency

MiCA ensures that Kraken's services comply with a unified set of standards across the EU. This regulation not only strengthens consumer protection but also increases transparency and oversight, thereby building long-term trust in the cryptocurrency market.

5. Kraken: The Advantage of the MiCA License

The MiCA license not only facilitates Kraken’s expansion in Europe but also gives the company a significant advantage in providing safe, accessible, and fully compliant cryptocurrency services to millions of users across the region.