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- Kraken has secured a MiCA licence from Eire’s Central Bank to goal at some stage within the EU
- The firm has furthermore launched Krak, a peer-to-peer payments app supporting crypto and fiat in over 110 worldwide locations
- Kraken has expanded products and services to incorporate over 300 assets by Krak and plans extra facets cherish cards and loans
Kraken has reinforced its space in Europe by securing a Markets in Crypto-Assets (MiCA) licence through Eire’s Central Bank, enabling it to supply regulated crypto products and services at some stage within the 30 worldwide locations of the European Financial Location. The announcement comes sizzling on the heels of Coinbase achieving its grasp MiCA license through Luxembourg, that manner that two of the supreme crypto exchanges are in fact entirely regulated in Europe. Concurrently, Kraken has launched Krak, a brand original P2P payments app that helps over 300 currencies, including both crypto and fiat, and functions in more than 110 worldwide locations.
Kraken Celebrates Europe “Passport”
Kraken’s receipt of the EU-large MiCA licence represents what the firm called a “pivotal milestone in our European growth”; now regulated below the Markets in Crypto‑Assets framework, the alternate can “passport” its products and services, which encompass space trading, custody, portfolio administration, and payments, at some stage in all EEA member states without desiring separate nationwide approvals
In a weblog put up pronouncing the license, Co‑CEO Arjun Sethi emphasised that securing this licence from Eire’s Central Bank is “a extremely efficient signal of Kraken’s commitment to expanding the crypto ecosystem through responsible innovation.” He furthermore praised Eire’s manner to crypto, calling the collaboration between the 2 “a blueprint for the manner non-public and non-non-public sectors can work together to perform a more stable, revolutionary monetary future for Europe.”
Dealing Out the Krak
In tandem with its regulatory success, Kraken has debuted Krak, a peer-to-peer app allowing instantaneous transfers of crypto and fiat at some stage in 110+ worldwide locations. Users can transact in more than 300 assets, including stablecoins and local currencies, all without bank memoir registration, ethical a “Kraktag” username. As Sethi defined, “We’re in a position to traipse money at some stage in borders exact off the bat, because that’s what we develop from a trading standpoint…our possibilities ethical wanted to develop more with their money.”
Introducing @Krak. The money app for folks who need more.
Extra programs to pay
Extra freedom to ship
Extra alternatives to grow
Extra rewards and money to your pocketWin Krak 👇https://t.co/iGnDkIQmVb pic.twitter.com/fwac24S2XR
— Krak (@Krak) June 26, 2025
With regulatory and technical foundations in space, Kraken is poised to conform Krak accurate into a comprehensive fintech platform, with future plans including issuing physical and virtual payment cards, offering lending products and services, and leveraging its present licensing infrastructure, constructed over a decade of world operation.
