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Kraken Gains MiCA Licence from Ireland as Euro-Denominated Crypto Trading Doubles

  • 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.

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