Kraken Receives MiCA License to Operate in Ireland and EEA
Cryptocurrency exchange Kraken has obtained a license to operate in Ireland under the EU's Markets in Crypto Assets (MiCA) regulation.
- Kraken can now offer services across 30 countries in the European Economic Area (EEA).
- This expansion will accelerate its business growth in the region.
- Co-CEO Arun Sethi stated that the license enhances their ability to expand product offerings and client base.
- The MiCA license ensures compliance with EU standards on consumer protection and transparency.
- Kraken is the sixth largest crypto exchange globally by trade volume.
- Other exchanges, including Coinbase and Bybit, have also received MiCA licenses recently.