Kraken Solidifies European Leadership With MICA License From The Central Bank Of Ireland

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We are excited to announce that Kraken has secured a crypto-deduction regulation (MICA) license from the Central Bank of Ireland (CBI) based on the European Union market.

This marks a pivotal milestone in Europe’s expansion, unlocking the ability to scale faster across the region by providing regulated services and directly engaging clients in all 30 EEA countries.

“Along with securing a license from the Central Bank of Ireland, which has a long legacy and experience as a strict financial regulator, it is not just about compliance, but it is a strong signal of Kraken’s commitment to expanding crypto ecosystems through responsible innovation.

“Being the first major global crypto platform licensed by the CBI, we confirm that we affirm Kraken’s commitment to building it in the long run. Trust is the most valuable currency in crypto, and over the past few years we have worked tirelessly to meet CBI’s gold standard expectations. Our secure, accessible, fully regulated cryptographic services service serves millions of people across the EU.”

“We are deeply grateful for the professionalism of the Central Bank of Ireland and the consistent support of the Irish government and IDA. This collaboration is a blueprint for how the public and private sectors can work together to build a safer and more innovative financial future for Europe.

Expanding a strong foundation

Kraken already has Virtual Asset Service Provider (VASP) registrations in major European markets such as Ireland, Belgium, France, Italy, the Netherlands, Poland and Spain. We were the main force in euro-denominated crypto trading, which introduced the first BTC/EUR trading pair in 2013. Today, Kraken’s platform is most liquid and trusted in euro trading, reflecting the region’s deep roots.

Alongside MIFID licenses, where MIFID and EMI licenses are now protected by groups, Kraken is able to extend its regulated services to millions of clients across the EU. Together, these licenses support great growth opportunities across retail, professional and institutional client segments, including spot trading, derivatives, and payments.

For clients, MICA offers additional assurance that Kraken’s services will comply with a consistent set of EU-wide regulatory standards, including stronger consumer protection, greater transparency and robust surveillance, such as enhanced consumer protection, greater transparency and robust surveillance, for Craken to strengthen long-term trust over the long term.