So far this year, exchanges have been trying to expand their base as wide as they can. This includes major exchanges like Coinbase, Binance, FTX, and Crypto.com.
New on this list is Kraken, one of the biggest exchanges in the United States. In an interview yesterday, the CEO of Kraken—in the person of Jesse Powell—said Kraken is seeking to obtain a license to operate in some European countries.
He noted that “Malta, Luxembourg and Ireland are particularly suitable.” Earlier this year, Kraken took a step in this direction by launching its mobile app in Europe.
Founded in 2011, Kraken is San-francesco-based exchange that facilitates crypto-fiat trading. Kraken is not only used in the United States, but 176 other countries.
Jesse said Kraken is already working things out with there are ongoing dialogues and due legal proceedings with the respective regulators. However, they have not reached any agreement yet.
While Jesse did not provide many pieces of information regarding the licensing process and progress, he however noted that this should be finalized by the end of the year.