- Kraken has closed the acquisition of Dutch cryptocurrency change Coin Meester B.V.
- The change has been increasing its companies throughout EU forward of MiCA regulation.
Crypto change Kraken has accomplished the acquisition of Coin Meester B.V., or BCM, a regulated Netherlands-based crypto dealer.
BCM has regulatory approval as a registered digital asset service supplier in France and Poland.
This footprint within the Netherlands permits Kraken to supply its companies in France and Poland. In line with an announcement, the acquisition of BCM will assist strengthen Kraken’s efforts to broaden its companies throughout Europe.
“The completion of the BCM acquisition is a key milestone in our European expansion, allowing us to leverage our strong footprint and market-leading position in euro volume and liquidity to significantly grow our market share in the years ahead,” Brian Gahan, Kraken’s managing director of Europe, famous in a press release.
Kraken will start to increase its merchandise to BCM shoppers in coming months. This can embody entry to over 200 cryptocurrencies. Customers can even profit from the liquidity, safety and buyer assist obtainable to Kraken’s customers.
Kraken’s EU growth
This deal follows Kraken’s growth efforts throughout Europe because the trade eyes compliance with the European Union’s Markets in Crypto-Belongings (MiCA) regulation.
At the moment, Kraken supplies VASP companies both instantly or via completely different partnerships throughout the EU. Nations the place the change gives its companies embody Germany, Spain, Italy, the Netherlands and France. The crypto change additionally now gives its companies in Eire and Poland.
In Belgium, Kraken operates via its VASP platform in Eire.
