Cryptocurrency Exchange Kraken has been granted a license to operate in the Republic of Ireland under the European Union’s markets in Crypto assets (Glitter) regulation.
Kraken will now be able to offer crypto services in the 30 countries of the European economic area (EEA)which allows it to scale its business much faster throughout the region, the exchange said Wednesday.
“This license places us in a strong position to expand our product offering, grow our institutional and retail client base and provide safe, accessible and fully regulated crypto services to millions more people across the EU,” Kraken’s Co-Ceo Arun Sethi said.
Kraken added an EU-covering standards of consumer protection, transparency and supervision of taking over a mica license.
The sixth largest crypto exchange in the world after trading volume joins a number of its peers in winning mica licenses in recent months. Coinbase won approval in Luxembourg earlier this month, while Bybet did so in Austria in May.
Read more: Tokenized Shares in Solana Treasury Company Defi Dev come to Kraken
