Kraken activates MiCA license, goes live in 30 EEA countries
Kraken has activated its MiCA license, allowing it to offer regulated crypto services across all 30 EEA countries under a unified framework authorized by the Central Bank of Ireland. The passporting enables seamless access to over 450 digital assets, fast onboarding and local funding support. The platform also delivers institutional-grade services, including OTC trading and derivatives under its MiFID license. EU-wide protections under MiCA ensure enhanced consumer safeguards, operational transparency and regulatory oversight. This milestone complements Kraken’s EMI license for fiat services and positions the exchange for secure, compliant crypto trading across Europe.
Bullish
Kraken’s full activation of the MiCA license marks a key regulatory milestone that should boost market confidence and adoption. Enhanced consumer protections and a unified framework across the EEA can attract new retail and institutional traders, potentially driving higher trading volumes. Historically, major regulatory approvals—such as leading exchanges obtaining EU licenses—have correlated with increased liquidity and positive price momentum for crypto assets. In the short term, this news may spur a modest uptick in trading activity on Kraken, while in the long term, broad access under MiCA could support sustained growth in European crypto markets.