Crypto Exchange Kraken Obtains MiCA License in Ireland to Expand European Operations

TL;DR

• Kraken is expanding its European operations after securing a MiCA license in Ireland.

• The license allows the exchange to offer crypto services across 30 EEA member states.

Kraken Secure a MiCA License

Crypto exchange Kraken has secured a MiCA license through Ireland, enabling it to offer cryptocurrency services across European Economic Area member states.

The company announced this on Wednesday, adding that it obtained the license from the Central Bank of Ireland. With the MiCA license, Kraken can now serve users across 30 EEA countries.

In its press release, Arjun Sethi, co-CEO of Kraken, stated that,

“Securing a license from the Central Bank of Ireland, with its long heritage and experience as a rigorous financial regulator, isn’t just about compliance. It’s a powerful signal of Kraken’s commitment to expanding the crypto ecosystem through responsible innovation.”

Kraken added that this license adds to the company’s compliance efforts in Europe, where it also holds virtual asset service provider registrations in Ireland, Belgium, France, Italy, the Netherlands, Poland, and Spain.

The MiCA regulation went into full effect in December 2024 and comprises of comprehensive guidelines and regulations for crypto assets across the European Union trading bloc.

Kraken’s latest milestone comes a week after Coinbase obtained its MiCA license in Luxembourg. Another U.S.-based crypto exchange, Gemini, is also in the process of obtaining its MiCA license in Malta.