Cryptocurrency exchange Kraken announced that it can now expand its services in EU member states after obtaining a license under the Markets in Crypto-Assets (MiCA) framework.
In an announcement on Wednesday (June 25), Kraken stated that it has received the MiCA license from the Central Bank of Ireland, allowing the exchange to provide regulated services to residents of 30 member countries in the European Economic Area. This approval follows Kraken's acquisition of a Markets in Financial Instruments Directive (MiFID) license in February 2025 and an Electronic Money Institution (EMI) license in 2023.
“We believe that trust is the most valuable currency in the cryptocurrency space, and it is something that must be earned through effort. Over the past few years, our team has worked tirelessly to meet the gold standard regulatory expectations of the Central Bank of Ireland,” said Kraken co-CEO Arjun Sethi.
Other cryptocurrency exchanges looking to expand their regulated services to the EU region may also be seeking MiCA approval. Coinbase, OKX, Crypto.com, and Bybit all announced in 2025 that they had obtained MiCA licenses, and reports suggest that Gemini is also on track to receive approval in Malta.
MiCA will come into effect in 2024, following extensive discussions and debates among EU policymakers, aiming to establish regulatory consistency for digital assets in the region.
However, not all crypto companies support this framework. Stablecoin issuer Tether has stated that its USDt stablecoin will not pursue MiCA registration, leading some exchanges to delist the token.
About a week after Kraken's MiCA announcement, the exchange moved its global headquarters to Wyoming to “recognize and support policymakers and constructive regulations for cryptocurrency.”
As most of its business remains in the U.S., Kraken must comply with laws currently under consideration in the U.S. Congress, which aim to establish a framework for the digital asset market structure and provide regulatory guidance for payment stablecoins.
In March 2025, the U.S. Securities and Exchange Commission (SEC) dismissed a civil lawsuit filed against the exchange in 2023, which accused Kraken of operating as an unregistered exchange, broker, dealer, and clearing agency.
Related: South Korean central bank aims to steadily launch stablecoins
Original: “Cryptocurrency Exchange Kraken Obtains MiCA License in Ireland”
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