Cryptocurrency exchange Kraken has been granted an Electronic Money Institution (EMI) license by the UK's Financial Conduct Authority (FCA), allowing it to issue electronic money and provide faster deposit and withdrawal options for UK clients. This move is part of Kraken's growth strategy to enhance its services in the UK market. In addition, the US Securities and Exchange Commission (SEC) recently dismissed a lawsuit accusing Kraken of operating as an unregistered securities exchange, enabling the exchange to reintroduce on-chain staking services for its American customers. The EMI license strengthens Kraken's position in the UK, where it has seen substantial growth and remains a leader in GBP-denominated volumes. The company plans to introduce crypto-powered financial solutions for UK investors and consumers. The UK has experienced increased crypto adoption, with over seven million adults owning cryptocurrencies, contributing to Kraken's success in the country.



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