Changes to our stablecoin offerings for EEA clients

In our fast-moving regulatory landscape, we continuously assess the impact of regulatory changes, and their consequences for specific products and services we offer.

As one of the oldest crypto exchanges, we hold a leading position for trading volume and liquidity in Europe, where we offer Virtual Asset Service Provider (VASP) services directly or through partnerships in Germany, Spain, Italy, the Netherlands, Belgium, Ireland, France and Poland, and are preparing for the implementation of the Europe-wide Markets in Crypto-Assets Regulation (MiCAR).

We previously made the difficult decision to change our stablecoin offering for clients in the European Economic Area (EEA). These changes ultimately ensure Kraken remains compliant and is able to provide its exceptional trading experience to European clients for the long term.

Kraken remains committed to providing a secure, compliant, and performant platform for our European clients, supporting a broad range of digital assets and ensuring a seamless trading experience. We appreciate your understanding as we navigate this evolving landscape.