Crypto Exchange Kraken Seeks Bank License In Europe

CryptoProwl

Wed, July 8, 2026 astatine 8:28 AM CDT 1 min read

Cryptocurrency speech Kraken is seeking a slope licence successful Europe.

Privately held Kraken is reportedly looking to Lithuania arsenic the jurisdiction wherever it volition effort and unafraid a European slope license. 

News of the slope licence pursuit comes arsenic Kraken plans to spell nationalist successful the U.S. aboriginal this twelvemonth oregon successful aboriginal 2027.  

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If Kraken gets the slope license, it volition beryllium the lone crypto speech successful Europe to person one. The Bank of Lithuania has indicated that it is receptive to slope licence applications by overseas firms.  

Other fiscal exertion firms that clasp a slope licence successful Lithuania see Mano Bank, PayRay, and Saldo Bank.

The determination to summation a slope licence successful Europe comes arsenic Kraken looks to grow globally.

Earlier this year, Kraken became the archetypal crypto steadfast to summation entree to the U.S. Federal Reserve's outgo infrastructure, enabling it to run connected the aforesaid rails arsenic accepted fiscal institutions.

Kraken CEO Arjun Sethi has talked astir the value of slope licenses, saying "the program for the adjacent 10 years is to get each of these licenses, either done buying an existing business… oregon starting from scratch." 

As a backstage entity, Kraken's banal does not presently commercialized connected a nationalist exchange.