US Kraken exchange targets European license in 2021, says CEO
Kraken’s potential European regulatory jurisdictions reportedly include countries like Malta, Luxembourg, and Ireland. Major United States-based cryptocurrency exchange Kraken is planning to officially expand into the European market, following in the footsteps of rival exchange Coinbase.Kraken co-founder and CEO Jesse Powell said that his firm is actively working on receiving a European license, targeting several local jurisdictions for a potential regulatory approval already this year.In a Tuesday interview with German business news agency The Handelsblatt, Powell noted that Kraken has....
Related News
U.S.-based cryptocurrency exchange Kraken is preparing to expand operations in the European market, according to the German press. The coin trading platform is in talks with regulators and plans to acquire a license in an EU member state, its founder Jesse Powell revealed. Kraken to Enter European Market by End of Year Kraken, a major digital asset exchange in the U.S., plans to reestablish its presence in the European Union this year, according to Handelsblatt. The publication notes the development comes as the crypto industry continues to mature, attracting more investors amid a market....
Kraken, following Brexit, seeks another license to re-surface in the European market with top choices, including Luxembourg, Malta, and Ireland. Kraken is the second top crypto exchange in the United States by its trading volume. It is presently seeking a new license to re-enter the European market towards the end of 2021. Kraken has entered into a dialogue with regulators in various European countries to this effect. Related Reading | Blockchain Startup In Pakistan Dubbed Bazaar Secures $30 Million In Funds The exchange, according to Kraken’s spokesperson, initially operates in....
The Middle East has risen to prominence as a favored location for cryptocurrency exchanges, with Kraken becoming the latest to be granted a license by the Abu Dhabi Global Market (ADGM). Kraken is the first worldwide virtual asset exchange group to get a complete financial license from the ADGM in the United Arab Emirates, the […]
European bitcoin exchange Bitstamp has become the first fully licensed bitcoin exchange in Europe. The license will go into effect on July 1st and marks the first time that a bitcoin exchange acquires the license as a fully regulated payment institution, in the world. Bitcoin exchange Bitstamp has gained the license to operate as a payment institution across the European Union, all 28 countries of it. The license, which begins July 1st means that Bitstamp will officially be the first nationally licensed Bitcoin exchange in the world. The license was signed and granted by Luxembourg’s....
The license does not allow Gemini to operate as an exchange in the country, but it will let it passport e-money services throughout the EEA. Cryptocurrency exchange Gemini has received an electronic money license from the Central Bank of Ireland. It was the 18th organization to receive the license, and the first since October 2020. Gemini joined such license holders as Coinbase, Stripe, Square and Meta. The e-money license, for which Gemini applied in early 2020 and received oMarch 14, will allow it to issue electronic money, provide electronic payment services and handle electronic....