After obtaining approval from the central bank in Ireland, Kraken joined the growing list for global encryption exchange with a MICA license (markets in encrypted assets).
This step represents a pivotal moment in the expansion of European Kraken and comes just days after Coinbase’s MICA license in Luxembourg.
Kraken gets a MICA license for European Union: What does this mean for encryption
The license gives the Kraken Exchange Authority to provide regulation encoding services in all 30 European economic countries (EA). This mandate puts the company as a pioneer in the race to serve the deep digital assets market in Europe.
On its blog, Kraken said that MICA’s approval is a change in the Crypto game in the European Union, citing a direct result of the high rising trading sizes in the euro.
The company confirmed that the license reduces friction (one license, all of which are EA) and enables it to serve retail customers and institutions under a unified organizational framework.
The move comes at a time when the Mika list in Europe attracts institutional players and places the region as a more stable specialty.
“… Founding players are looking forward to Europe as a safer ground for grinding the United States,” Read Excerpt in the blog.
Lightly, Kraken believes that MICA license is a stimulating for long -term growth, especially since the company is looking at the potential public subscription.
Arjun Sethi, Co-COO OF KRAKEN framing the license as a strong sign of Kraken’s commitment to expanding the ecosystem for encryption through responsible innovation.
“Being the first major global encryption platform to receive a mandate from the Central Bank of Iraq confirms the commitment of Krakin to build in the long run … This license reflects this effort and puts us in a strong position to expand our products.” The blog said, noting that Sethi.
Kraken deepens the leadership of the euro market throughout the European Economic Zone
Meanwhile, the imprint of Krakin in Europe is already important. The Exchange maintains the virtual asset service records (VASP) in many major European Union markets, including France, Italy, Spain and the Netherlands.
He also presented the first BTC/EUR trading pair in 2013, and today it describes it as the “most liquid and reliable” platform with the euro -shaped encryption trading.
With MICA now, along with MIFID and EMI licenses already kept by the Kraken Group, the company is ready to expand the scope of regulating offers through space, derivatives and payment services.
According to exchange, Mika adds stronger consumer protection, increased transparency, and control. Krakin says this reduces the market under a joint European organizational standard.
Kraken’s license approval comes a few days after Market Peer Coinbase Sunsged Mica Deanance in the European Union.
Meanwhile, the European Commission is now exploring mitigating the Maica rules, even with the European Central Bank warning (ECB) against alleviating regulatory guarantees.
However, Christine Lagarde, President of the European Central Bank, says that accelerating progress towards the digital euro is a major priority, as it is necessary to maintain the financial government in Europe.
Disintegration
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2025-06-26 06:08:00
