TLDR
- Kraken has officially acquired the Dutch crypto firm, Coin Meester B.V. (BCM).
- BCM operates as a registered crypto broker in several countries, including the Netherlands, France, and Poland.
- By acquiring BCM, Kraken boosts its presence in Europe in anticipation of MiCA rules.
- Kraken's VASP services are now accessible in eight European nations.
- BCM's clientele will now have the opportunity to explore Kraken’s diverse product line.
Kraken, a key player in the cryptocurrency exchange arena, , has declared its successful acquisition of Coin Meester B.V. (BCM), a reputable Dutch crypto broker.
This move marks a This acquisition marks a pivotal move in Kraken's strategy to expand within Europe. , which is increasingly important as new crypto regulations, like the EU’s MiCA, come into play.
One of the most seasoned crypto brokers in the Netherlands, BCM is recognized for its strong regulatory compliance.
Acquiring BCM enhances Kraken’s standing in the Netherlands while broadening its operational network. BCM is a VASP in the Netherlands, France, and Poland, which allows Kraken to serve these regions.
Kraken has been strategically growing its European operations for the last two years, and this acquisition enhances its capability to offer VASP services directly or through partners across eight European countries, including Germany Spain , Italy , the Netherlands , Belgium, Ireland, France , and Poland—solidifying its influence in the European market.
Brian Gahan, who leads Kraken's European operations, highlighted the critical nature of this acquisition, noting,
“Finalizing the BCM deal represents a significant achievement in extending our European operations.”
He mentioned that this acquisition paves the way for Kraken to enhance its market leadership in euro trading volumes and liquidity.
The European crypto landscape is fragmented, facing escalating costs and fierce competition, but Kraken expects consolidation to follow soon.
To seize this opportunity, Kraken is leveraging its extensive reach and comprehensive offerings to grow its share of the market.
Kraken stands out for its global scale combined with regulatory adherence and exceptional client services.
This synergy promises to deliver a top-tier trading and investment experience, empowering clients to leverage cryptocurrency to its fullest advantage.
BCM customers will soon reap the benefits of this acquisition, getting access to Kraken's wealth of offerings—spanning over 200 digital assets, enhanced liquidity, stringent security protocols, and 24/7 local language support.
Kraken has been dedicated to upgrading its core offerings and expanding its services suite, aligning with its strategy to become a gateway to pioneering crypto pursuits.
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