Kraken Secures Important UK License to Boost Crypto and Fiat Services

Kraken has strengthened its UK presence by obtaining an Electronic Money Institution (EMI) license from the Financial Conduct Authority (FCA).

This approval enables the exchange to expand its fiat and crypto services, offering faster payment processing and increased liquidity for British users.

With around 7 million UK adults investing in crypto, the country remains a key market. Kraken, active since 2014, supports over 300 assets and plans to enhance its trading options.

While European regulations on stablecoins tighten, the UK’s framework remains more flexible, allowing the exchange to operate with fewer restrictions.

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Kraken’s global influence continues, handling $1.5 billion in daily volume, with a strong focus on stablecoin transactions. The platform also launched Kraken Pay and its Layer 2 blockchain, Ink, though the latter faces decentralization challenges. Developers have 140 days to address concerns before regaining compliance.

With regulatory approvals in place, Kraken is poised for further expansion, bridging traditional finance and digital assets in the UK and beyond.

Alexander Stefanov