Kraken Gains Regulatory Green Light for EU Operations
Crypto exchange Kraken has officially secured a Markets in Crypto-Assets (MiCA) license from the Central Bank of Ireland, allowing it to offer regulated digital asset services across all 30 member states of the European Economic Area (EEA). This strategic milestone enables Kraken to scale its crypto operations throughout the European Union under the new MiCA regulatory framework.
Europe’s Unified Crypto Regulation Gains Momentum
MiCA, the EU’s landmark crypto regulation framework, began rolling out in 2024 to harmonize digital asset laws across member countries. Designed to ensure compliance, investor protection, and market stability, MiCA is now becoming the benchmark for crypto compliance in Europe. Kraken’s approval comes after it previously secured a MiFID license in February and an Electronic Money Institution (EMI) license in 2023.
“Trust is the most valuable currency in crypto, and it’s something you earn,” said Kraken co-CEO Arjun Sethi. “We’ve worked hard to meet the Central Bank of Ireland’s high regulatory standards.”
Major Crypto Exchanges Race for MiCA Compliance
Kraken joins a growing list of major crypto exchanges prioritizing MiCA authorization to operate in the EU. Coinbase, OKX, Crypto.com, and Bybit have all announced MiCA licenses in 2025. Gemini is reportedly in the final stages of gaining approval in Malta.
However, not all companies are embracing the framework. Stablecoin issuer Tether has decided not to register its USDt (USDT) under MiCA, prompting several platforms to delist the token in response.
Kraken’s Global Strategy Shifts to Regulatory Hubs
The announcement comes shortly after Kraken moved its global headquarters to Wyoming, USA, highlighting its commitment to working with crypto-friendly jurisdictions. The move underscores a broader trend where exchanges are aligning with regulatory clarity to expand their global footprint.
In the U.S., Kraken continues to face regulatory uncertainty. Although the SEC dropped a civil lawsuit against the company in March 2025, U.S. lawmakers are still shaping legislation to regulate digital assets and payment stablecoins.
Crypto Regulation in Europe vs. the United States
While the EU takes the lead with MiCA, the U.S. is still developing its own crypto regulatory framework. Industry players like Kraken are navigating this divide by aligning with regions offering clearer rules and regulatory cooperation.
