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Kraken Secures UK License to Enable E-Money Issuance, Enhancing Payment Services
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Kraken has received an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA), allowing the crypto exchange to issue electronic money and enhance deposits and withdrawals for UK customers.
With this regulatory approval, Kraken can now partner with traditional financial institutions and expand its offerings to better serve UK users, the exchange said in a blog post.
“The U.K. is on the brink of mass crypto adoption, and Kraken is poised to lead the way with industry-leading products,” Bivu Das, Kraken’s UK General Manager, said.
Kraken’s FCA Approval Aligns with Rising Crypto Adoption in the UK
Kraken’s FCA approval comes at a time when crypto adoption in the UK is surging.
According to FCA research, over seven million UK adults (equivalent to 12% of the adult population) currently hold crypto assets.
Additionally, Kraken has seen an uptick in GBP-denominated trading volumes, reinforcing the UK as one of its most active markets globally.
This latest license follows Kraken’s recent approval under the EU’s MiFID framework, which enables it to offer regulated derivatives trading to European users.
By securing compliance with both UK and EU regulators, Kraken is solidifying its position as a bridge between crypto and traditional finance.
Having operated in the UK since 2014, Kraken was the first major exchange to introduce BTC/GBP trading pairs.
The platform now supports over 300 cryptocurrencies and offers multiple fiat onramps for British users.
Beyond trading, Kraken has expanded its presence through strategic partnerships with UK sports brands, including Williams Racing F1 and Tottenham Hotspur FC.
“Today’s news builds on Kraken’s momentum in securing key regulatory approvals and licenses, including our recent EU MiFID license, which paves the way for us to serve advanced European crypto traders with an expanded regulated derivatives offering,” Das said.
Looking ahead, the company plans to introduce new crypto and fiat products in the coming months, aiming to provide UK users with enhanced tools for managing digital assets.
Kraken Mulls 2026 IPO
Kraken is preparing for an initial public offering (IPO) as early as the first quarter of 2026, taking advantage of what appears to be a more favorable regulatory climate under President Donald Trump.
Kraken’s IPO plans are not yet final and could change in the coming months.
As reported, the SEC has agreed in principle to dismiss its lawsuit against cryptocurrency exchange Kraken, according to a statement from the company.
The case will be dropped with prejudice, meaning it cannot be refiled. Kraken will not admit to any wrongdoing, pay penalties, or change its business operations.
The SEC sued Kraken in November 2023, alleging it operated as an unregistered securities exchange, broker, clearing agency, and dealer.
The regulator also accused the company of commingling customer and corporate funds.
Kraken contested the charges, leading a federal judge to rule the case had enough merit to proceed to trial.
The post Kraken Secures UK License to Enable E-Money Issuance, Enhancing Payment Services appeared first on Cryptonews.
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$ 85.44K
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$ 0.013
-2.26%
$ 0.0000824
$ 0.000441
$ 213.96
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In This News
Coins
$ 85.44K
-0.95%$ 0.013
-2.26%$ 0.0000824
$ 0.000441
$ 213.96
Share:
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Kraken Secures UK License to Enable E-Money Issuance, Enhancing Payment Services
Share:
Kraken has received an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA), allowing the crypto exchange to issue electronic money and enhance deposits and withdrawals for UK customers.
With this regulatory approval, Kraken can now partner with traditional financial institutions and expand its offerings to better serve UK users, the exchange said in a blog post.
“The U.K. is on the brink of mass crypto adoption, and Kraken is poised to lead the way with industry-leading products,” Bivu Das, Kraken’s UK General Manager, said.
Kraken’s FCA Approval Aligns with Rising Crypto Adoption in the UK
Kraken’s FCA approval comes at a time when crypto adoption in the UK is surging.
According to FCA research, over seven million UK adults (equivalent to 12% of the adult population) currently hold crypto assets.
Additionally, Kraken has seen an uptick in GBP-denominated trading volumes, reinforcing the UK as one of its most active markets globally.
This latest license follows Kraken’s recent approval under the EU’s MiFID framework, which enables it to offer regulated derivatives trading to European users.
By securing compliance with both UK and EU regulators, Kraken is solidifying its position as a bridge between crypto and traditional finance.
Having operated in the UK since 2014, Kraken was the first major exchange to introduce BTC/GBP trading pairs.
The platform now supports over 300 cryptocurrencies and offers multiple fiat onramps for British users.
Beyond trading, Kraken has expanded its presence through strategic partnerships with UK sports brands, including Williams Racing F1 and Tottenham Hotspur FC.
“Today’s news builds on Kraken’s momentum in securing key regulatory approvals and licenses, including our recent EU MiFID license, which paves the way for us to serve advanced European crypto traders with an expanded regulated derivatives offering,” Das said.
Looking ahead, the company plans to introduce new crypto and fiat products in the coming months, aiming to provide UK users with enhanced tools for managing digital assets.
Kraken Mulls 2026 IPO
Kraken is preparing for an initial public offering (IPO) as early as the first quarter of 2026, taking advantage of what appears to be a more favorable regulatory climate under President Donald Trump.
Kraken’s IPO plans are not yet final and could change in the coming months.
As reported, the SEC has agreed in principle to dismiss its lawsuit against cryptocurrency exchange Kraken, according to a statement from the company.
The case will be dropped with prejudice, meaning it cannot be refiled. Kraken will not admit to any wrongdoing, pay penalties, or change its business operations.
The SEC sued Kraken in November 2023, alleging it operated as an unregistered securities exchange, broker, clearing agency, and dealer.
The regulator also accused the company of commingling customer and corporate funds.
Kraken contested the charges, leading a federal judge to rule the case had enough merit to proceed to trial.
The post Kraken Secures UK License to Enable E-Money Issuance, Enhancing Payment Services appeared first on Cryptonews.
In This News
Coins
$ 85.44K
-0.95%$ 0.013
-2.26%$ 0.0000824
$ 0.000441
$ 213.96
Share:
In This News
Coins
$ 85.44K
-0.95%$ 0.013
-2.26%$ 0.0000824
$ 0.000441
$ 213.96
Share:
Read More
Crypto Market Prepares for Policy Shift As Trump Pushes Pardons