Kraken Gains FCA EMI License: Restores US Staking Services After SEC Lawsuit Dismissal

Cryptocurrency exchange Kraken has obtained an Electronic Money Institution (EMI) license from the UK's Financial Conduct Authority (FCA). This approval enables Kraken to issue electronic money and offer faster deposit and withdrawal options for clients in the UK. The move is part of the company's ongoing growth strategy and aims to enhance its services in the UK market.The news follows an announcement that the US Securities and Exchange Commission (SEC) had agreed to dismiss a lawsuit accusing Kraken of operating as an unregistered securities exchange. The dismissal marks a shift in US cryptocurrency regulation, which Kraken is using to reintroduce on-chain staking services for American customers.Kraken Enhances UK Operations with EMI LicenseThe EMI license strengthens Kraken's position in the UK, where it has seen substantial growth. The exchange offers over 300 cryptocurrencies for trading and remains a leader in GBP-denominated volumes. Kraken's focus on compliance and security is reinforced by its ability to meet FCA standards while continuing to innovate in the UK crypto sector.“We have major plans for UK users that will unlock a wave of demand for crypto-powered financial solutions that showcase real utility for UK investors and consumers. Securing an EMI license is a foundational step in our expansion strategy, and we’re thrilled to announce this authorization today,” said UK General Manager Bivu Das.

Mar 10, 2025 - 16:28

Kraken Gains FCA EMI License: Restores US Staking Services After SEC Lawsuit Dismissal

Cryptocurrency exchange Kraken has obtained an Electronic Money Institution (EMI) license from the UK's Financial Conduct Authority (FCA). This approval enables Kraken to issue electronic money and offer faster deposit and withdrawal options for clients in the UK. The move is part of the company's ongoing growth strategy and aims to enhance its services in the UK market.

The news follows an announcement that the US Securities and Exchange Commission (SEC) had agreed to dismiss a lawsuit accusing Kraken of operating as an unregistered securities exchange. The dismissal marks a shift in US cryptocurrency regulation, which Kraken is using to reintroduce on-chain staking services for American customers.

Kraken Enhances UK Operations with EMI License

The EMI license strengthens Kraken's position in the UK, where it has seen substantial growth. The exchange offers over 300 cryptocurrencies for trading and remains a leader in GBP-denominated volumes.

Kraken's focus on compliance and security is reinforced by its ability to meet FCA standards while continuing to innovate in the UK crypto sector.

“We have major plans for UK users that will unlock a wave of demand for crypto-powered financial solutions that showcase real utility for UK investors and consumers. Securing an EMI license is a foundational step in our expansion strategy, and we’re thrilled to announce this authorization today,” said UK General Manager Bivu Das.