We're thrilled to announce that Kraken has officially obtained an Electronic Money Institution (EMI) authorization from the UK's Financial Conduct Authority (FCA). This regulatory milestone marks a significant leap forward for our UK operations, enabling accelerated growth and innovative product development tailored for UK clients.
Why This EMI License Matters
Our new EMI license transforms Kraken's capabilities in the UK market by:
- Allowing us to issue electronic money
- Enabling faster deposits and withdrawals for clients
- Creating partnership opportunities with traditional financial institutions
- Strengthening our compliance framework under FCA oversight
👉 Discover how Kraken's EMI license benefits UK traders
Leadership Perspective
"The UK stands at the forefront of mass crypto adoption, and Kraken is positioned to lead this transformation with cutting-edge products. Our ambitious plans for UK users will catalyze demand for practical crypto financial solutions. Securing this EMI license is foundational to our expansion strategy," said Bivu Das, Kraken UK General Manager.
Kraken's Regulatory Momentum
This achievement builds on Kraken's recent regulatory successes:
- EU MiFID license for expanded derivatives offerings
- Continued FCA registration for cryptoasset activities
- Robust security protocols meeting stringent UK standards
The UK Crypto Landscape
Recent FCA research highlights growing crypto adoption:
- 7 million+ UK adults (12% of population) own cryptoassets
- Awareness and portfolio values increasing year-over-year
- GBP-denominated trading volumes at all-time highs
Kraken's UK Market Strength
Kraken has established market leadership in the UK through:
- 300+ crypto assets available for trading
- Pioneering BTC/GBP trading pair since 2014
- Multiple GBP fiat onramps for seamless access
- Strategic partnerships with Williams Racing F1 and Tottenham Hotspur FC
- Recognition in Newsweek's Top 100 Most Loved UK Workplaces (2023-2024)
What's Coming Next
We're preparing to launch innovative crypto-fiat products designed to:
- Empower wealth-building through crypto
- Enhance liquidity options for UK users
- Introduce accessible financial tools integrated with Kraken accounts
👉 Explore Kraken's upcoming UK product innovations
FAQ Section
Q: How does the EMI license benefit Kraken users?
A: It enables faster transactions, expanded services, and stronger consumer protections under FCA oversight.
Q: What crypto assets can UK users trade on Kraken?
A: Over 300 cryptocurrencies are available, with continuous additions.
Q: When will new UK products launch?
A: Watch for announcements in coming months - we're working to deliver these enhancements quickly.
Q: Is Kraken fully regulated in the UK?
A: Yes, we maintain both FCA cryptoasset registration and now EMI authorization.
Q: How does Kraken ensure security for UK clients?
A: We employ institutional-grade security protocols and comply with all FCA requirements.