Kraken provides license for UK EMI, expanding CRIPTO services for British users

Kraken received a license for an electronic financial institution from the UK Financial Behavior Agency.

The approval Allows Kraken to issue electronic money and facilitates faster deposits and withdrawals for customers in the UK.

With this authorization, the stock exchange may establish partnerships with traditional financial institutions and introduce new users adapted to users in the UK. Byivu Das, Kraken’s General Manager in Great Britain, said the exchange was prepared to meet the increase in demand for financial services based on crypto in the country.

“The United Kingdom is on the edge of the mass adoption of the crypt, and Kraken is ready to lead the path with industrial products,” Das said.

12% of adults in the UK keeps cripto

Kraken Prescribing Regulatory approval comes to which UK sees increasing interest in the investment of cryptocurrency.

According to FCA researchOver seven million adults in Great Britain – about 12% of adults – now the owner of the cryptian property. The exchange also saw an increase in the volume for trading name GBP, reinforcing the UK as one of its most active markets around the world.

The EMI license is following Kraken’s Recent approval According to the EU MIFID, which allows to offer regulated derivatives of European traders. Providing training and in the UK and EU regulators, alone in Kraken’s position as a key player in CRIPT’s integration with traditional finances.

Kraken was active in the UK since 2014. year, when she became the first major exchange for the introduction of the BTC / GBP trading pair. The platform now offers a store over 300 cryptocurries and provides more Fiat Onramps for British users.

In addition, Kraken expanded his presence Through partnerships with sports brands in the UK such as Williams Racing F1 and Tottenham Hotspur FC.