Crypto platform Kraken has received authorisation from the Central Bank of Ireland as an E-Money Institution (EMI).

Additionally, the company said it has registered with the Bank of Spain as a Virtual Asset Service Provider (VASP).

The EMI licence will allow the firm to expand its euro fiat services in partnership with European banks and extends to clients in all 27 EU countries, it said.

Kraken added that the VASP registration will allow it to offer cryptocurrency exchange and custodial wallet services to Spanish residents. The company already has VASP registrations in Ireland and Italy.

Last year Kraken launched its NFT marketplace, the Kraken Pro advanced trading interface and a new consumer web user experience.

Curtis Ting, Kraken’s vice president of global operations, said: “We are grateful for the constructive approach to regulating industry growth set by the Central Bank of Ireland and the Bank of Spain. In both Ireland and Spain, we are excited to become part of their vibrant local fintech sectors. We also look forward to continuing our investments in Europe more broadly.”

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