Kraken becomes the first cryptocurrency exchange to secure a Markets in Crypto-Assets Regulation (MiCA) license from the Central Bank of Ireland, strengthening its European presence.
Euro-denominated spot trading on Kraken sees a significant increase, now representing 17.5% of its total trading volume.
Kraken's acquisition of the MiCA license aligns with its long-term commitment to meeting regulatory standards, with other major players like Crypto.com and OKX also obtaining similar licenses.
Kraken's expansion includes VASP registrations across several European countries, an electronic money license in Ireland, and acquiring a CFDs broker in Cyprus to secure a MiFID II license for crypto derivatives trading.