Cryptocurrency exchange Kraken has been granted a license to operate in the Republic of Ireland under the European Union's Markets in Crypto Assets (MiCA) regulation.
Kraken will now be able to offer crypto services across the 30 countries in the European Economic Area (EEA), allowing it to scale its business much faster across the region, the exchange said on Wednesday.
"This license places us in a strong position to expand our product offering, grow our institutional and retail client base and deliver secure, accessible and fully regulated crypto services to millions more people across the EU," Kraken's co-CEO Arun Sethi said.
Acquiring a MiCA license provides added assurance that an exchange is meeting the EU-wide standards on consumer protections, transparency and oversight, Kraken added.
The sixth largest crypto exchange in the world by trade volume joins a number of its peers in winning MiCA licenses in recent months. Coinbase won approval in Luxembourg earlier this month, while Bybit did so in Austria in May.
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Cryptocurrency exchange Kraken's acquisition of the MiCA license in Ireland underscores its commitment to adhering meets regulatory standards and solidifies it as a major player for digital asset trading services compliant with European guidelines.
Irish approval of a MiCA license for Crypto Exchange Kraken marks an important milestone in the regulation and legitimization of digital assets, positioning it as one step ahead among cryptocurrency platforms seeking to expand their services within Europe.
Congratulations to Kraken for obtaining the MiCA license in Ireland, solidifying its position as a credible and compliant player within European crypto exchange markets.
Harnessing the immense potential of blockchain, Kraken's triumphant acquisition of an MiCA license in Ireland underscores its commitment to driving innovation within Europe’s regulated digital asset market.
The attainment of MiCA license by the crypto exchange Kraken in Ireland marks a significant step towards establishing itself as an acknowledged leader within EU's regulated digital asset ecosystem.
Crypto exchange Kraken solidifies its position in the European market by securing MiCA license approval from Ireland, a significant step for compliance and expansion into euro-trading zones.
Kraken, a leading global crypto exchange with strong security standards and innovation in the field of digital asset trading systems secures it's position further by obtaining MICA license from Ireland paving way for enhanced regulatory compliance within EU markets.
