Kraken Secures MiCA License in Ireland to Expand EU Operations

Crypto platform Kraken has obtained approval under the European Union’s Markets in Crypto-Assets Regulation (MiCA) from the Central Bank of Ireland. This authorization supports Kraken’s plans to expand its regulated services throughout the European Economic Area (EEA).

With the license, Kraken can now offer MiCA-compliant products across the EU. This way, it benefits from the regulation’s passporting framework, which allows a single license to be applied across member states. The company aims to serve retail, institutional, and professional clients more efficiently through this streamlined approach.

Kraken Secures Ireland’s First MiCA License

In a Wednesday press release, Kraken co-CEO Arjun Sethi called the license a sign of the firm’s long-term commitment to Europe, not just a compliance milestone. He praised the Central Bank of Ireland as a respected regulator. He also said the approval reinforces Kraken’s drive for responsible crypto innovation.

Sethi added that the crypto exchange is proud to be the first major global crypto platform to receive MiCA authorization from Ireland. He emphasized that trust is central to the crypto space and must be earned through consistent regulatory engagement, which Kraken has prioritized for years.

“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 CBI’s gold standard regulatory expectations,” Sethi stated.

Kraken Strengthens EU Position

Kraken already holds Virtual Asset Service Provider (VASP) registrations in several EU countries. These nations include France, Italy, Spain, Poland, Belgium, the Netherlands, and Ireland. It also has a long-standing presence in the euro crypto market, having launched its BTC/EUR pair in 2013. Today, Kraken ranks among the most active platforms for euro-based crypto activity.

This strong regional foothold aligns with broader market dynamics. Recent figures show the euro now accounts for 17.5% of global fiat crypto spot volume. This is more than double its share from a year ago. The rise indicates that Europe is playing a more significant role in the cryptocurrency space. This aligns well with the crypto exchange’s focus on the region.

In addition to the MiCA license, Kraken holds MiFID and EMI authorizations. These enable it to offer services such as crypto spot markets, derivatives, and payments under complete regulatory oversight. The MiCA framework is expected to boost user protection, bring more clarity to crypto operations, and align with Kraken’s long-standing compliance approach.

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