26.06.2025 21:15

Kraken, a prominent cryptocurrency exchange, has achieved a significant regulatory milestone, securing a Markets in Crypto-Assets (MiCA) passport from the Central Bank of Ireland (CBI). This landmark approval grants Kraken access to all 30 member states of the European Economic Area (EEA), enabling them to offer a full suite of regulated crypto services across the bloc.

The MiCA passport allows Kraken to provide a range of services, including spot trading, derivatives trading, and payment solutions, under a single, unified regulatory framework. This streamlined approach contrasts sharply with the previously complex, multi-jurisdictional approval processes required to operate in each individual EEA state. The result is significantly enhanced operational efficiency and flexibility for Kraken.

This achievement is particularly noteworthy given the competitive landscape within the European cryptocurrency market. Following Coinbase's recent MiCA approval in Luxembourg, Kraken's success signals an intensifying race among global players to establish themselves in this increasingly regulated environment. The Irish authorization positions Kraken strategically to serve both institutional and retail clients throughout the EEA, leveraging a harmonized regulatory landscape.

Kraken's co-CEO, Arjun Sethi, highlighted the importance of this MiCA passport in the company's long-term strategic vision. He emphasized the license as a testament to Kraken's unwavering commitment to sustainable growth and responsible innovation within the digital asset sector. The company itself has described the approval as a game-changer, facilitating a more seamless and efficient expansion of their crypto services within the European Union.

Kraken's considerable history of operation within Europe underscores their long-term commitment to the region. This MiCA approval represents a pivotal step forward, solidifying their presence and paving the way for future growth within the EU's evolving cryptocurrency landscape. The license, obtained from internet sources, showcases Kraken's dedication to regulatory compliance and its ambitious goals for expansion across the European market.