- Kraken successfully acquires Dutch cryptocurrency platform Coin Meester B.V.
- This move is part of Kraken’s strategy to broaden its European operations prior to MiCA regulations.
Kraken, the cryptocurrency exchange, has announced the successful completion of its acquisition of Coin Meester B.V. (BCM), a regulated crypto broker located in the Netherlands.
BCM holds licenses as a registered virtual asset service provider in both France and Poland.
This strategic acquisition strengthens Kraken’s ability to extend its services in these regions and beyond. The acquisition of BCM is expected to enhance Kraken’s overall growth and reach, as noted in an official statement.
According to Brian Gahan, the Managing Director of Kraken for Europe, “Finalizing the acquisition of BCM is a significant milestone in our European growth journey. It enables us to capitalize on our established presence and leadership in euro trading volume and liquidity, facilitating substantial market share growth in the forthcoming years.”
Kraken plans to roll out its extensive product offerings to BCM’s clients in the upcoming months, granting them access to over 200 cryptocurrencies alongside the robust liquidity, security, and customer support already cherished by Kraken users.
Expanding Kraken’s Presence in Europe
This acquisition is part of Kraken’s broader strategy to expand its footprint in Europe, especially in light of the upcoming compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulations.
As it stands, Kraken offers virtual asset service provider (VASP) services across various EU countries either directly or in collaboration with local partners. These nations include Germany, Spain, Italy, the Netherlands, and France, with newly added services in Ireland and Poland. In Belgium, Kraken operates its VASP services through its Irish platform.
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