Crypto: What if Kraken had just doubled Coinbase without making noise?

Kraken, often discreet, but never really behind, has just taken a strategic step that risks refuting crypto market cards in Europe. By winning its regulatory license under the SIDA regime, the platform enters a large court on a continental scale, just behind Coinbase, but not too far to say about delay. In the climate, where compliance becomes sesame, Kraken decides to adopt regulation rather than bypass. And this choice could bring him great.

Unified Crypto Regulation, New Race Between Obry

In a crypto universe, one day is lost every day. Kraken understood it. By obtaining an official record from the Irish central bank, the platform provides an entry card to 27 European Union countries, in an increasingly demanding regulatory framework.

This notification does not happen by accident. A week earlier, Coinbase opened the ball from Luxembourg. Bet? Quick access to the whole European market through a single jurisdiction. Kraken, who looked like he was training, just raised the slope with a well -placed license. On the same weapons, the platform war can really begin.

The euro, a long discreet viewer in the world of Kryptos, becomes a weight player: 17.5 % of the world’s money exchanges are now performed in the euro. A character who has more than doubled a year. A clear signal that the European market is no longer marginal. It becomes strategic. Kraken grabbed it well.

MICA: United facade, doubtful foundation

The mica frame promises one thing: a uniform crypt regulation for the whole European space. It is historical progress on paper. In fact, some cracks are already appearing.

The principle of the European passport, which is in operation throughout the EU with a single national license, causes teeth crouching. Some platforms may be tempted to choose a country with greater lax control and then expand to the entire market.

This fear is not unfounded. The European Office for Financial Markets also investigates the procedures of certain jurisdictions, such as Malta, suspected in terms of certain strict criteria. And during this time, Binance will withdraw from the European market a series of non -complication stablecoins, including USDT, evidence that even monsters must bend against mica.

Kraken is not a newcomer in Europe. Before this license, the crypto platform already had recordings in key countries: France, Italy, Spain, the Netherlands … but this Irish permit offers him continental legal cohesion and optimized expansion capacity.

According to Arjuna Sethi, Kraken Co-PDG, this step represents much more than administrative green light. It is a basic brick in construction stable, under supervision and attractive offers, both for individuals and institutions. The message is clear: Kraken wants to attract banks, funds, cautious investors. And with the now undeniable regulatory legitimacy, it has the resources.

Coinbase is no longer alone in this European conquest. Dynamics is reversed, the competition has muscles and European users, long postponed, and finally become a tough audience. And in this new cryptology, regulations are no longer an obstacle, but a lever for growth. Krypto is not dead and Kraken intends to play a leading role.

Evans S.

Evariste, fascinated by Bitcoin since 2017, has not stopped documenting on this topic. If his first interest focused on trading, he now tries to actively understand all cryptocurrency progress. As an editor, he tries to permanently provide high quality work that reflects the condition of the sector as a whole.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.