Kraken Secures MiCA License to Serve EEA’s 30 States

- Obtaining Markets in Crypto-Assets (MiCA) license from Central Bank of Ireland. - Allowing regulated services across 30 European Economic Area (EEA) member states. On June 25, 2025, Cointelegraph reported that Kraken secured a Markets in Crypto-Assets (MiCA) license from Ireland’s Central Bank. This license enables Kraken to offer regulated services across 30 European Economic Area (EEA) states under the EU’s evolving framework. Furthermore, this regulatory approval expands Kraken’s scope to residents throughout the EEA, marking a major milestone for the cryptocurrency exchange. Kraken secured this MiCA license after obtaining two other key regulatory credentials: a Markets in Financial Instruments Directive (MiFID) license in February 2025 and an Electronic Money Institution (EMI) license in 2023. On June 25, Kraken’s co-CEO Arjun Sethi said in a statement regarding these milestones, "We believe trust is the most valuable currency in crypto, and it’s something you earn. Over the past several years, our team has worked tirelessly to meet the [Central Bank of Ireland]’s gold standard regulatory expectations." The European Union introduced the MiCA framework in 2024, which aims to streamline and harmonize cryptocurrency regulation across the EU, while also fostering compliance and consumer protection within the growing digital assets market. This development not only places European regulators at the forefront of global crypto policy but also creates a clear precedent for standardizing industry rules. Kraken’s achievement aligns with a broader industry trend, as major exchanges, including Coinbase, Crypto.com, OKX, and Bybit, also secured MiCA licenses throughout 2025. However, not all companies operating in the crypto space have chosen to pursue MiCA compliance. For instance, stablecoin issuer Tether has opted against registering under MiCA to distribute its flagship USDT stablecoin in Europe, a decision that underscores the varying strategies of crypto firms adapting to the evolving regulatory landscape. According to CoinMarketCap on June 25, at 14:00 UTC, Bitcoin (BTC) traded at $32,743, with a 1.8% increase in its 24-hour trading volume. Ethereum (ETH) traded at $2,129, marking a 1.2% rise in value over the same timeframe.