Several exchanges have announced MiCA licenses this year, following requirements being enforced in 2024 to offer digital asset services in the EU.
Cryptocurrency exchange Kraken announced that it can now expand its offerings and across European Union’s member states after securing a license under the Markets in Crypto-Assets (MiCA) framework.
In a Wednesday notice, Kraken said it had received the MiCA license from the Central Bank of Ireland, allowing the exchange to offer regulated services to residents in the 30 European Economic Area member states. The approval followed Kraken securing a Markets in Financial Instruments Directive (MiFID) license in February and an Electronic Money Institution (EMI) license in 2023.
“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,” said Kraken co-CEO Arjun Sethi.
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