Kraken Secures MiCA License in Ireland, Strengthening Its European Crypto Dominance

In a significant move for the cryptocurrency industry, Kraken has successfully obtained a Markets in Crypto Assets (MiCA) license from the Central Bank of Ireland. This regulatory milestone, achieved on June 27, 2025, positions Kraken for expansive growth across the European Union and European Economic Area. The license grants the exchange operational access to all 27 EU member states and 30 EEA countries, marking a pivotal moment in Kraken's mission to combine regulatory compliance with technological innovation in the digital asset space. This achievement not only validates Kraken's commitment to responsible crypto adoption but also significantly enhances its competitive edge in the rapidly evolving European cryptocurrency market.

Kraken Secures MiCA License from Ireland’s Central Bank, Expanding European Reach

Kraken has obtained a Markets in crypto Assets (MiCA) license from the Central Bank of Ireland, marking a pivotal step in its European expansion. The regulatory approval grants the exchange access to all 27 EU member states and 30 European Economic Area countries. "This milestone underscores our commitment to responsible innovation," Kraken stated, acknowledging the challenge of balancing regulation with technological advancement.

The MiCA framework, known for its stringent requirements, has posed hurdles for crypto businesses. Kraken’s successful registration positions it as a first-mover among major exchanges in Ireland. The firm plans to prioritize building services for both institutional and retail clients across Europe, leveraging its existing VASP licenses in multiple EU jurisdictions.

Kraken Secures MiCA License, Expands EU Footprint

Kraken has obtained a Markets in Crypto-Assets (MiCA) license from Ireland’s central bank, clearing the way for regulated crypto services across 30 European jurisdictions. The approval solidifies Kraken’s position as a leader in compliance amid the EU’s evolving regulatory landscape.

The license grants Kraken operational access to all 27 EU member states and three additional European Economic Area nations. This strategic milestone underscores the exchange’s commitment to institutional-grade expansion, with Ireland’s rigorous financial oversight serving as a springboard for continental growth.

Kraken Challenges Ripple with New Peer-to-Peer Crypto Payment App Launch

Kraken has unveiled Krak, a peer-to-peer payment app supporting both crypto and fiat transactions, marking a strategic expansion beyond its exchange roots. The app offers zero fees, global accessibility, and deposit rewards—positioning it as a direct competitor to Ripple's institutional dominance and mainstream platforms like Venmo.

Krak supports 300+ cryptocurrencies alongside traditional currencies, with plans to introduce debit cards and yield-generating features. The MOVE signals Kraken's ambition to democratize financial services through crypto-native solutions while laying groundwork for its anticipated IPO.