Kraken has taken a major step forward in its European growth. The crypto exchange secured two new regulatory approvals—one in Ireland and another in Spain.
In Ireland, Kraken received authorization as an E-Money Institution (EMI) from the Central Bank. This license lets Kraken enhance its euro-based services across all 27 EU countries and EEA markets.
Spain also approved Kraken’s registration as a Virtual Asset Service Provider (VASP). This move allows the company to legally offer crypto trading and wallet services to Spanish users. It follows similar approvals in Ireland and Italy.
Kraken Eyes Stronger Presence in European Crypto Market
Curtis Ting, Kraken’s Vice President of Global Operations, called this “an important milestone” for the firm’s European expansion strategy. He praised both countries for supporting innovation through clear regulation.
“We see Europe as a foundation for long-term crypto growth,” Ting said. “Ireland and Spain offer supportive environments for building our business.”
Kraken continues to build its global presence. Over the past year, the company launched a new NFT marketplace, upgraded its Kraken Pro trading platform, and redesigned its consumer website.
“Our focus on EUR liquidity, 24/7 support, and security gives us an edge in Europe,” Ting added. “We’re fully committed to helping more Europeans access crypto securely and confidently.”
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/kraken-expands-in-europe-with-key-regulatory-approvals/