Major crypto exchange Kraken has obtained a license under the European MiCA framework from the Central Bank of Ireland. This enables the platform to provide regulated services across the entire European Economic Area (EEA), covering all 30 member countries.
Ireland’s Central Bank License as a Scaling Step
Securing the MiCA license represents a critical step in Kraken’s expansion across the EU. The exchange will now be able to scale more efficiently and engage directly with customers throughout Europe. Arjun Sethi, one of Kraken’s co-CEOs, stated that the license not only confirms compliance with strict standards but also reinforces Kraken’s long-term strategy in the crypto space. According to him, the approval from Ireland’s central bank signals the company’s commitment to “responsible innovation” and sustainable development.
Government Support and Regulatory Acknowledgment
Kraken expressed gratitude to the Central Bank of Ireland, as well as to the Irish government and development agency IDA Ireland, for their support in securing the license. The company described the process as a successful example of collaboration between the public and private sectors in building a resilient financial infrastructure.
Kraken Already Operated in the EU as a VASP
Previously, Kraken had been registered as a Virtual Asset Service Provider (VASP) in several EU countries, including Ireland, France, Spain, Italy, the Netherlands, Belgium, and Poland. The platform has a long history of working with the euro: it launched its first BTC/EUR trading pair back in 2013. Today, Kraken positions itself as the most liquid platform for euro trading.
Regulated Expansion Across the EU Market
With MiCA, MiFID, and EMI licenses in hand, the company can now expand its regulated offerings in spot trading, derivatives, and payments. This applies to both retail users and institutional market participants. Kraken states that the MiCA license guarantees clients full alignment with EU-wide standards, particularly regarding consumer protection, transparency, and regulatory oversight.
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