- 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 accordance with an announcement, the acquisition of BCM will assist strengthen Kraken’s efforts to develop its companies throughout Europe.
“The completion of the BCM acquisition is a key milestone in our European enlargement, permitting us to leverage our sturdy footprint and market-leading place in euro quantity and liquidity to considerably develop our market share within the years forward,” Brian Gahan, Kraken’s managing director of Europe, famous in an announcement.
Kraken will start to increase its merchandise to BCM shoppers in coming months. This can embrace entry to over 200 cryptocurrencies. Customers will even profit from the liquidity, safety and buyer assist obtainable to Kraken’s customers.
Kraken’s EU enlargement
This deal follows Kraken’s enlargement efforts throughout Europe because the trade eyes compliance with the European Union’s Markets in Crypto-Belongings (MiCA) legislation.
At present, Kraken offers VASP companies both instantly or via completely different partnerships throughout the EU. Nations the place the change provides its companies embrace Germany, Spain, Italy, the Netherlands and France. The crypto change additionally now provides its companies in Eire and Poland.
In Belgium, Kraken operates via its VASP platform in Eire.
