Kraken Achieves Milestone with First EU-Wide MiCA License from Irish Central Bank

In a significant development for the cryptocurrency industry, Kraken has secured one of the first Markets in Crypto-Assets (MiCA) licenses from the Central Bank of Ireland. This landmark approval, announced on June 28, 2025, positions Kraken as a pioneer in the European crypto market, granting it a unified regulatory framework to operate across all 30 European Economic Area (EEA) countries. The MiCA license eliminates the need for fragmented national registrations, streamlining Kraken's compliance process and enabling it to offer expanded services such as crypto trading, custody, and payments across the region. This achievement underscores Kraken's commitment to regulatory compliance and its leadership in the evolving digital asset landscape. The license is expected to enhance consumer protection and market stability while fostering innovation in the European crypto sector. Kraken's successful acquisition of the MiCA license marks a pivotal moment for the exchange and the broader cryptocurrency industry, setting a precedent for other platforms seeking to operate within the EU's regulatory framework.

Kraken Secures First EU-Wide MiCA License via Irish Central Bank

Kraken has become one of the first major cryptocurrency exchanges to receive a Markets in Crypto-Assets (MiCA) license from the Central Bank of Ireland. This landmark approval grants Kraken a unified regulatory framework to operate across all 30 European Economic Area countries, eliminating the need for fragmented national registrations.

The license unlocks expanded services including crypto trading, custody, payments, and derivatives—with stablecoin issuance capabilities pending MiCA compliance. Kraken had previously relied on country-specific registrations in France, Italy, and Spain.

This development signals a tectonic shift in European crypto regulation, replacing jurisdictional patchworks with standardized oversight. For institutional and retail investors alike, it represents growing legitimacy for digital asset platforms under EU supervision.

Kraken Launches Krak: A Global Payments App Bridging Crypto and Fiat

Cryptocurrency exchange Kraken has unveiled Krak, a payments application designed to streamline cross-border transfers across 300+ digital and traditional assets. The MOVE signals Kraken's strategic pivot from pure-play trading toward broader financial infrastructure.

Krak eliminates complex wallet addresses and account numbers with unique Kraktag identifiers, enabling transactions in 110 countries. "This redefines global money movement," said CEO Arjun Sethi, positioning the app as a response to growing demand for seamless asset transfers.

The exchange plans complementary financial products including Krak debit cards and credit services, while eyeing a 2026 IPO pending regulatory developments. Market observers note the launch accelerates competition with fintech hybrids like Revolut and PayPal.