#Kraken Wins #MiCA License From Ireland Following #Coinbase EU Approval


Kraken has secured a regulatory license under the EU's Markets in #Crypto Assets (MiCA) framework from the Central Bank of Ireland.


Authorization enables Kraken to offer crypto services across all 27 EU member states plus three EEA countries.


Approval comes just one week after rival Coinbase received a similar #MiCA license in Luxembourg.


The euro now accounts for 17.5% of global fiat spot crypto trading volume, doubling from last year.


Co-CEO Arjun Sethi calls it "a powerful signal of Kraken's commitment to expanding the crypto ecosystem through responsible innovation."


Major exchanges are racing to align with MiCA regulations ahead of full implementation across the European Union.


The MiCA framework has introduced a unified regulatory regime for crypto asset service providers throughout the EU since the end of 2024.


Some industry participants warn about a potential "race to the bottom" in regulatory enforcement standards.


Kraken already holds Virtual Asset Service Provider registrations in Ireland, Belgium, France, Italy, the Netherlands, Poland, and Spain.

image
June 26, 2025 at 2:11 PM
1