Kraken Secures MiCA License in Ireland Amid Euro Crypto Trading Surge

Kraken, a prominent global cryptocurrency exchange, has announced the acquisition of a license under the Markets in Crypto-Assets (MiCA) regulation from the Central Bank of Ireland. This license signifies a crucial milestone for Kraken, enabling it to broaden its service offerings across the European Union while adhering to the new MiCA guidelines. Furthermore, Kraken has experienced substantial growth in Euro-denominated cryptocurrency trading, with trading volumes doubling in recent months. This increase is attributed to the heightened interest in cryptocurrencies among European investors, coupled with the user-friendly nature of the Kraken platform and its wide selection of digital assets. The MiCA license empowers Kraken to provide regulated crypto asset services to its clients throughout the European Economic Area. This encompasses trading, custody, and participation in virtual assets. The approval permits Kraken to function as a licensed Crypto Asset Services Provider (CASP) across all 27 EU member states once MiCA is fully implemented. Obtaining the MiCA license in Ireland represents a strategic move for Kraken, as it seeks to solidify its position as a leading player in the European cryptocurrency market. The company is committed to adhering to the highest standards of regulation and investor protection, and looks forward to serving its EU clients with a comprehensive suite of cryptocurrency products and services.