Cryptocurrency Exchange Kraken has announced that its offerings and the entire state of the European Union member can now expand after a license under the crypto-assets (MICA) framework has been secured.
In a notice on Wednesday, Kraken Says It received the MICA’s license from the Central Bank of Ireland, which allowed the exchange to offer regulated services to residents in 30 European Economic Area member states. Approval Following Kraken’s secure A market license to the Financial Instruments Directive (MIFID) in February and a License of the Electronic Money Institution (EMI) in 2023.
“We believe that trust is the most important currency in crypto, and it is something you will earn. Over the past few years, our team has been relentlessly worked to meet the (Central Bank of Ireland) standard of gold regulation,” said Kraken co-Ceo Arjun Sethi.
Other crypto exchanges seeking to expand their regulated services in the EU region are likely to seek MICA approved. Coinbase, Okx, Crypto.com and Bybit were announced by all Mika licenses in 2025, with Gemini Reported to track for approved Malta.
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Mica, which began occurring in 2024 after in-depth discussions and debates from EU policies, was intended to promote the consistency of regulations throughout the region for digital properties.
Not all crypto companies are on board, however. Stablecoin Issuer Tether said this will not pursue MICA registration for its USDT (USDT) Stablecoin, leading to some exchanges that remove the token.
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We are playing catch-up with Mica Crypto Regulation
Kraken’s Mika notice came up almost a week after exchange Moved its global headquarters in Wyoming on “recognizing pro-crypto policies and constructive regulations.”
In most of its operations still in the US, Kraken is subject to US laws currently considered in Congress to establish a framework of digital asset market structure and provide regulatory guidelines for payment stablecoins.
In March, the US Securities and Exchange Commission (SEC) dropped a civil lawsuit Against the exchange filed in 2023, Kraken said it was run as an unregistered exchange, broker, entrepreneur and cleaning agency.
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