Catenaa, Thursday, July 03, 2025- US-based crypto exchange Kraken has received regulatory approval from Ireland’s Central Bank under the EU’s MiCA framework, granting it a license to provide digital asset services across all 30 European Economic Area (EEA) member states.
Kraken said in a statement Wednesday that the Markets in Crypto-Assets (MiCA) license would accelerate its institutional and retail growth across Europe.
The approval comes as part of its broader compliance push in the region, where the firm is already registered as a virtual asset service provider (VASP) in seven countries.
“This license reflects that effort and places us in a strong position to expand our product offering,” Kraken co-CEO Arjun Sethi said. He added that it would help deliver regulated, secure, and accessible crypto services across the EU.
MiCA, which took full effect late last year, provides a single licensing framework for crypto companies operating in the European Union, replacing fragmented national approaches with unified compliance rules for assets, platforms, and service providers.
Kraken joins a growing list of global exchanges aligning with the MiCA framework. Coinbase recently secured its license in Luxembourg, and Gemini is nearing approval in Malta. OKX also confirmed it would base its MiCA operations from Malta.
Kraken’s license positions it ahead of smaller competitors and underscores the strategic importance of MiCA compliance amid tightening scrutiny of crypto markets worldwide.
The exchange described the milestone as pivotal to its European expansion strategy and said it would allow millions more users to access its products in a regulated environment.
