Kraken about to boost UK crypto services
Bivu Das, Kraken’s UK General Manager, notes the growing demand for crypto services, with 12% of UK adults holding cryptocurrencies.
Kraken has secured an Electronic Money Institution licence from the UK’s Financial Conduct Authority, allowing it to issue electronic money and offer faster deposits and withdrawals for British customers.
The move strengthens Kraken’s ability to partner with traditional financial institutions and expand its crypto services across the UK.
Bivu Das, Kraken’s UK General Manager, highlighted the growing demand for crypto-based financial services, stating that the UK is on the verge of mass adoption.
Recent research from the FCA shows that 12% of UK adults now hold crypto, with trading volumes in sterling continuing to rise.
The approval follows Kraken’s recent regulatory success in the EU, where it gained permission to offer regulated derivatives.
With compliance secured in both the UK and Europe, Kraken is positioning itself as a bridge between crypto and traditional finance, with plans to launch new products in the coming months.
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