Kraken, one of the world's leading cryptocurrency exchanges, has achieved a significant milestone by securing a license under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The license, granted by the Central Bank of Ireland (CBI), enables Kraken to expand its regulated cryptocurrency services across all 30 European Economic Area (EEA) member states.
👉 Discover how Kraken’s MiCA license benefits European crypto traders
What This License Means for Kraken and European Crypto Users
1. Regulated Expansion Across Europe
With the MiCA license, Kraken can now offer fully compliant bitcoin and crypto services EU-wide. This includes:
- Spot trading
- Derivatives products
- Crypto payment solutions
The approval accelerates Kraken’s ability to scale operations while adhering to stringent financial regulations, reinforcing trust among institutional and retail users.
2. Kraken’s Commitment to Compliance and Innovation
Arjun Sethi, Kraken’s Co-CEO, emphasized:
"Securing this license isn’t just about compliance—it’s a testament to Kraken’s mission of advancing the crypto ecosystem through responsible innovation."
The exchange already holds Virtual Asset Service Provider (VASP) registrations in multiple European countries, including:
- Ireland
- France
- Italy
- Spain
- The Netherlands
3. Strengthening Europe’s Crypto Infrastructure
Kraken has been a pioneer in EUR-denominated crypto trading since launching the first BTC/EUR pair in 2013. The MiCA license solidifies its position as a key player in Europe’s growing digital asset economy.
👉 Explore Kraken’s licensed crypto services for EU traders
FAQs About Kraken’s MiCA License
Q: How does Kraken’s MiCA license benefit users?
A: It ensures Kraken operates under EU regulatory standards, offering enhanced security and legal clarity for traders.
Q: Which countries are covered by Kraken’s new license?
A: All 30 EEA member states, including Germany, France, and Italy.
Q: What services will Kraken expand under MiCA?
A: Spot trading, derivatives, and crypto payment solutions with full regulatory backing.
Q: Why is MiCA important for the crypto industry?
A: It standardizes regulations across Europe, fostering innovation while protecting consumers.
The Road Ahead for Kraken in Europe
Kraken’s authorization by the CBI reflects its long-term strategy of aligning with global regulators to promote a transparent and secure crypto market. Sethi noted:
"Trust is the most valuable currency in crypto. This license validates our efforts to meet the highest regulatory standards."
With this milestone, Kraken is poised to introduce new products and onboard millions of users seeking regulated, accessible crypto services in Europe.