Kraken is now live in all 30 countries of the European Economic Area (EEA) under our Markets in Crypto-Assets Regulation (MiCA) license – a significant milestone that “expands their secure, compliant crypto offering to millions of people across Europe.”
All EEA clients are now directly served by Kraken’s MiCA-regulated entity, authorized by the Central Bank of Ireland.
This go-live represents the full activation of their MiCA license, enabling us to deliver services “across the region under a single, unified regulatory framework.”
MiCA introduces consistent standards “across the EU for consumer protection, operational transparency and regulatory oversight.”
For Kraken clients, it provides added assurance “that the platform they trust operates in accordance with one of the world’s most robust crypto regulations.”
Here’s what this means for Kraken clients across the EEA:
- Passporting of regulated services across all 30 EEA countries
- Access to over 450 digital assets, with continued expansion
- Fast and easy onboarding and local funding support
- Institutional-grade trading services, including OTC
- EU-wide protections under MiCA for greater transparency and security
This expansion builds on Kraken’s “broader regulatory foundation in Europe.”
Our MiFID license enables us to offer “regulated derivatives to advanced traders across EU markets, while our EMI license supports fiat-related services and payments across the region.”
Together, these licenses allow Kraken to deliver “a fully regulated experience with consistency and confidence across the EU.”
They’re pleased to serve their European clients under MiCA and to “keep building the most secure, innovative and trusted platform in the industry.”
As covered, Kraken announced that its crypto platform is live and fully operational in the state of Washington.
Kraken noted in a blog post that following a period of regulatory alignment and platform enhancement, residents of Washington can now access Kraken’s full suite of cryptocurrency services.
According to the team at Kraken, this launch is a key milestone in their mission to accelerate the global adoption of digital assets by making them accessible everywhere.
At present, traders are able to buy, sell, and trade 450+ digital assets including Bitcoin, Ethereum and Solana via the Kraken platform.
There are also ways for staking crypto-assets along with other crypto-focused services.
Their Washington launch reflects Kraken’s commitment to innovation and consumer protection.
Recently, Kraken also announced the launch of Kraken Derivatives US, which is a regulated U.S. derivatives offering.
