Kraken and Coinbase Secure MiCA Licenses for EU Expansion AllinCrypto June 30, 2025
Two of the world’s leading cryptocurrency exchanges, Kraken and Coinbase, have taken major steps toward expanding their presence in Europe by securing licenses under the Markets in Crypto Assets (MiCA) regulatory framework.
Kraken, a leading cryptocurrency exchange, has been granted a European license by the Central Bank of Ireland, enabling it to operate across all 27 EU member states.
Similarly, on June 20, Coinbase received its MiCA license from Luxembourg, allowing the platform to provide cryptocurrency services throughout the European Union.
Kraken Receives MiCA License from Central Bank of Ireland
Kraken has been granted a MiCA license by the Central Bank of Ireland, enabling the exchange to legally offer its crypto services across all 27 European Union member states.
This development significantly enhances Kraken’s ability to grow within the European market with fewer regulatory barriers.
In addition to the new license, Kraken already holds Virtual Asset Service Provider (VASP) registrations in several European countries, including Ireland, Belgium, France, Italy, the Netherlands, Poland, and Spain.
Kraken’s history in Europe dates back to 2013, when it became the first crypto exchange to introduce a BTC/EUR trading pair. This latest move reinforces its long-term commitment to the region.
From Arjun Sethi, CEO of Kraken:
“Securing a license from the Central Bank of Ireland, with its long heritage and experience as a rigorous financial regulator, isn’t just about compliance.
It’s a powerful signal of Kraken’s commitment to expanding the crypto ecosystem through responsible innovation.”
Coinbase Secures MiCA License from Luxembourg
On June 20, Coinbase also secured a MiCA license, this time from regulators in Luxembourg. This license gives Coinbase full access to operate across the entire EU, allowing the exchange to scale its services to a potential customer base of 450 million people.
Coinbase has been actively pursuing its European strategy over the past year, including obtaining a VASP registration from the UK’s Financial Conduct Authority (FCA). The company views these moves as foundational to its long-term vision as Europe advances its digital asset regulatory framework.
According to a statement from Coinbase, the MiCA license “solidifies Coinbase’s position as a global leader in regulatory compliance and innovation.”
The post Kraken and Coinbase Secure MiCA Licenses for EU Expansion first appeared on AllinCrypto.
