Crypto exchange Kraken has secured a Markets in Crypto-Assets (MiCA) license from the Central Bank of Ireland, marking a major milestone in its European expansion and regulatory compliance efforts.

The license enables Kraken to offer regulated crypto services across all 30 European Economic Area (EEA) member states, significantly expanding its market reach and allowing it to engage directly with clients throughout the region.

This story is an excerpt from the Unchained Daily newsletter.

The move positions Kraken among leading global crypto platforms expanding under the MiCA framework, alongside Coinbase, OKX, Crypto.com, and Bybit.

One notable exemption is USDT issuer Tether, which has publicly stated that it will not seek compliance with MiCA regulations, arguing that the requirements for stablecoins under MiCA are too onerous and could pose risks to the European financial system.