Kraken Achieves MiCA Compliance: A Major Leap for Crypto Services in the EU

In a groundbreaking development for the cryptocurrency industry, Kraken has secured a Markets in Crypto-Assets (MiCA) license from the Central Bank of Ireland. This milestone, achieved on June 26, 2025, positions Kraken as a fully regulated exchange capable of offering a comprehensive suite of crypto services across the entire European Economic Area (EEA). The license authorizes Kraken to provide spot trading, derivatives, and payment solutions, significantly enhancing its operational scope and regulatory compliance. This achievement not only solidifies Kraken's existing Virtual Asset Service Provider (VASP) registrations but also underscores its commitment to adhering to the highest regulatory standards. The MiCA license is a testament to Kraken's strategic focus on European expansion, enabling it to serve customers in all 30 EEA countries with trusted and compliant crypto services. As regulatory frameworks for digital assets continue to evolve globally, Kraken's proactive approach sets a benchmark for other exchanges aiming to navigate the complex landscape of crypto regulations. This development is expected to bolster investor confidence and drive further adoption of cryptocurrencies in the EU, reinforcing Kraken's role as a leader in the digital asset ecosystem.

Kraken Secures MiCA License to Expand Crypto Services Across the EU

Kraken has obtained a Markets in Crypto-Assets (MiCA) license from the Central Bank of Ireland, marking a significant milestone in its European expansion strategy. The authorization enables the exchange to offer regulated cryptocurrency services across all 30 European Economic Area countries, including spot trading, derivatives, and payment solutions.

The license consolidates Kraken's existing Virtual Asset Service Provider registrations in key European markets, providing a unified regulatory framework for operations. This development underscores the exchange's commitment to compliance as it scales Bitcoin and digital asset offerings for both retail and institutional clients.

Regulatory clarity under MiCA positions Kraken to strengthen its market leadership in Europe. The framework creates standardized operating conditions for crypto businesses, potentially accelerating institutional adoption of digital assets across the continent.

Kraken Launches 'Krak' App to Challenge Traditional Banking with Crypto-Powered Transfers

Kraken's new financial application, Krak, is positioning itself as a disruptor in global money movement. The platform enables instant peer-to-peer transfers across 110+ countries using a mix of cryptocurrencies, stablecoins, and fiat currencies—bypassing traditional banking infrastructure.

The app eliminates cumbersome requirements like bank account details or wallet addresses, supporting transactions across 300+ assets. Kraken leverages its Global Dollar Network for stablecoin functionality, offering users yield opportunities up to 10% on digital assets while maintaining regulatory compliance through existing money transmitter licenses.

This MOVE signals Kraken's strategic pivot from pure exchange operations toward becoming a full-stack financial services provider. As regulatory pressures mount on crypto trading platforms, the company is betting on blockchain's efficiency to capture market share in cross-border payments—a sector long plagued by high fees and slow settlement times.