Kraken, a leading cryptocurrency exchange, has obtained an Electronic Money Institution (EMI) license from the UK’s Financial Conduct Authority (FCA) on March 10, 2025, enabling it to issue electronic money and streamline deposits and withdrawals for UK customers.
This regulatory approval allows Kraken to forge partnerships with traditional financial institutions and introduce new products tailored to UK users, meeting the rising demand for crypto-based financial services in the region. Bivu Das, Kraken’s UK General Manager, highlighted the exchange’s commitment to this expansion, stating, “Securing an EMI license is a foundational step in our strategy to serve the UK market and enhance crypto accessibility.”
https://twitter.com/krakenfx/status/1899090339459182686
The license comes as cryptocurrency adoption in the UK surges, with FCA research indicating that over seven million UK adults—approximately 12% of the adult population—now hold crypto assets. Kraken has seen a notable increase in GBP-denominated trading volumes, solidifying the UK as one of its most active markets globally. This milestone follows Kraken’s recent approval under the EU’s MiFID framework, which permits it to offer regulated derivatives to European traders, positioning the exchange as a bridge between crypto and traditional finance across both regions. Since launching in the UK in 2014 as the first major exchange to introduce a BTC/GBP trading pair, Kraken now offers trading for over 300 cryptocurrencies and provides multiple fiat onramps for British users. Stay informed on crypto regulatory developments with Crypto Market Insights on news.thecoininfo.com, and explore in-depth analysis on The Coin Info Hub at thecoininfo.com.
Kraken’s expansion in the UK also includes strategic partnerships with major sports brands, such as Williams Racing F1 and Tottenham Hotspur FC, boosting its visibility and appeal to local audiences. Looking ahead, the exchange plans to roll out new crypto and fiat products in the coming months, aiming to equip UK users with more tools to manage their digital assets. These offerings could include enhanced payment solutions, staking options, or other financial services, reinforcing Kraken’s role in the UK’s evolving crypto landscape. For crypto investors, this development signals growing institutional adoption, but its impact will depend on market adoption and regulatory clarity. Resources like Crypto News Updates on news.thecoininfo.com can keep you updated on this unfolding story.
