Kraken has announced obtaining the MiCA license from the Central Bank of Ireland, allowing it to provide compliant crypto services across the EU.

This licensing further integrates Kraken into the EU market, paving the way for increased crypto activity across member states and enhancing regulatory adherence.

According to CoinMarketCap data on Bitcoin, its current price stands at $107,820.61, with a market capitalization of around $2.14 trillion and a full daily trading volume of $51.72 billion. In the past 90 days, Bitcoin has increased 25.45%; these figures showcase its growing dominance, currently at 64.82% of the market. This performance indicates notable market resilience despite regulatory developments.

With the acquisition of the license, Kraken anticipates heightened institutional engagement, having already experienced a doubling in euro-denominated crypto trading to 17.5% of its total platform volume. This step aligns with Kraken’s previous milestones, including the EMI license in 2023 and the MiFID license in February 2025, which have collectively laid the groundwork for broader market entry and compliance.

“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.”

Following the approval of MiCA regulations, euro-denominated trades on Kraken surged to account for 17.5% of its total trading volume, highlighting the significant market shifts arising from increased regulatory clarity.

Kraken’s regulatory compliance initiatives could catalyze a wave of crypto adoption across the EU, potentially fostering technological advancements and financial integration.

The broader crypto community and regulatory bodies have largely welcomed this move, viewing it as a reflection of increasing institutionalization within the industry. Arjun Sethi emphasized the importance of regulatory trust as a currency in the crypto world. This milestone not only enhances Kraken’s presence but is poised to set industry standards for regulatory compliance within Europe.

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