Kraken Secures MiCA License for EU Crypto Operations – Coincu
The post Kraken Secures MiCA License for EU Crypto Operations – Coincu appeared on BitcoinEthereumNews.com.
Key Points: Kraken receives EU MiCA license for expanded operations. Strengthens market position with regulatory compliance. Expected increase in user trust and trading volumes. Kraken, a leading cryptocurrency exchange, announced the acquisition of the EU MiCA license from the Central Bank of Ireland, enabling operation across 30 member states starting June 2025. This marks a significant leap for Kraken, reinforcing regulatory alignment and expanding access to its services throughout the European Economic Area. Kraken Receives MiCA, Expands to 30 EU States 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, displaying comprehensive regulatory preparedness. Meeting unified regulatory standards, Kraken can now offer compliant trading of cryptocurrencies, including Bitcoin and Ethereum, in a secure environment beneficial for institutional and retail participants. Immediate implications include expanded client access and expected increases in trading volumes and liquidity. Arjun Sethi, Kraken’s Co-CEO, emphasized the achievement as a testament to the company’s focus on trust and responsible innovation. He noted the alignment with European regulations strengthens Kraken’s market position and consistency in client protection. Industry peers, including Coinbase and OKX, also hold MiCA approvals, highlighting a broader shift towards compliance. “We believe trust is the most valuable currency in crypto, and it’s something you earn. Over the past several years, our team has worked tirelessly to meet the Central Bank of Ireland’s gold standard regulatory expectations.” — Arjun Sethi, Co-CEO, Kraken Kraken’s EU Move Boosts Market Liquidity and User Trust Did you know? Kraken’s MiCA license acquisition propels it among the few exchanges authorized for pan-European operations, promoting robust regulatory standards within the EU crypto landscape. Bitcoin (BTC) maintains significant market dominance with a current price…
Filed under: News - @ June 26, 2025 4:26 am