Kraken Expands into Europe with New Mastercard-Backed Crypto Cards

Kraken has entered into a partnership with Mastercard to launch crypto debit cards in Europe and the United Kingdom, in a move that reflects the evolution of the crypto ecosystem toward mainstream payment solutions. The card will allow users to make direct transactions in cryptocurrencies and stablecoins.

This initiative is part of Kraken’s strategy to expand its services and comes in the context of the upcoming MiCA regulations set to take effect across the European Union. The platform is pursuing licensing to operate legally and transparently under this framework.

For investors, the partnership with Mastercard can be seen as a sign of strengthening crypto infrastructure toward compliance and institutional adoption. Additionally, crypto cards could generate new revenue streams for exchanges and increase trading volumes through direct spending.

From a market perspective, integrating traditional payment services with blockchain infrastructure signals the maturing of the industry and a possible increase in demand for digital assets in everyday use.