On June 26, 2025, Kraken announced it had received a MiCA license from the Central Bank of Ireland.
This approval allows the exchange to offer regulated crypto services in all 30 European Economic Area (EEA) countries under the EU crypto regulation.
Kraken said it can now expand its crypto operations across the EU without registering separately in each country.
The MiCA license follows the company’s earlier approvals in Ireland — a MiFID license in February 2025 and an EMI license in 2023.
In its official statement, Kraken co-CEO Arjun Sethi said:
“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.”
Kraken’s new MiCA license includes authorization to provide services such as custody, crypto transfers, and trading across the entire EU.
More Crypto Exchanges Receive MiCA Compliance in 2025
Kraken joins several firms that secured MiCA compliance this year. Exchanges like Coinbase, OKX, Crypto.com, and Bybit have already confirmed they now hold MiCA licenses. Gemini is also in the process of registering under the EU crypto regulation in Malta.
The Markets in Crypto-Assets (MiCA) framework started taking effect in 2024. The EU law creates a single set of rules for digital asset services, removing the need for separate approvals in each member state. The regulation covers wallet services, crypto exchanges, and stablecoin issuers.
Under MiCA, exchanges must follow rules for capital requirements, security standards, and risk management.
They must also meet transparency conditions, especially regarding customer protection and token reserves.
However, not all crypto firms are seeking MiCA compliance. Tether, the issuer of the USDT stablecoin, has confirmed it will not register under MiCA rules. This decision has led several exchanges to delist USDT MiCA-noncompliant tokens to avoid violating EU law.
Kraken Moves Headquarters to Wyoming While Expanding in Europe
While Kraken moves forward with its EU expansion, it continues to adjust its U.S. operations.
In mid-June 2025, the exchange relocated its global headquarters to Wyoming, citing regulatory clarity and government support in that state.
At the same time, Kraken remains under U.S. jurisdiction, where lawmakers are working on a digital asset market structure and payment stablecoin rules. These bills are still under review in Congress.
Earlier this year, the U.S. Securities and Exchange Commission (SEC) dismissed a 2023 civil case against Kraken.
The complaint had accused Kraken of operating as an unregistered exchange, broker, dealer, and clearing agency.
Kraken has not provided further comment on its U.S. legal situation but continues to follow local rules while expanding its regulated crypto services in Europe through the Kraken MiCA license.
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