Kraken has formalized the acquisition of the crypto broker Coin Meester B.V. (BCM), an important strategic move that strengthens its position as a leader in the European cryptocurrency market and accelerates expansion in major EU countries.

Let’s see all the details below. 

The acquisition of the crypto broker Coin Meester B.V. (BCM) enhances Kraken’s presence in Europe

Kraken, one of the main platforms of cryptocurrencies in the world, recently announced the completion of the acquisition of Coin Meester B.V. (BCM), a highly respected cryptocurrency broker in the Netherlands.

This important step is part of Kraken’s expansion strategy in the European market. Which in recent years has seen a significant growth in preparation for the implementation of the European Regulation on cryptocurrency markets (MiCA).

With BCM now part of its structure, Kraken significantly extends its presence in Europe. 

BCM is indeed known for being one of the most established and reliable cryptocurrency brokers in the Netherlands, a reputation that perfectly aligns with the image of Kraken. 

This consolidation allows Kraken to strengthen its offering of VASP (Virtual Asset Service Provider) services. This is not only in the Netherlands, but also in key countries such as Germany, France, Poland, Italy, Spain, Belgium, and Ireland.

The management of Kraken emphasized the strategic importance of this acquisition. Brian Gahan, General Manager of Kraken for Europe, described the operation as a “crucial moment” in the company’s growth on the continent. 

“Thanks to this acquisition Kraken can leverage its position as a market leader in terms of volumes and liquidity in euros, significantly expanding our market share in the coming years.”

This vision is not only a reflection of Kraken’s determination to maintain its prominent position in an increasingly competitive market, but also a statement of intent for future expansion.

The advantages of the acquisition for Kraken and BCM

One of Kraken’s main objectives is to address a fragmented European market. Rising costs and increasing competition are pushing towards a sector consolidation.

Kraken therefore intends to take advantage of this scenario to further assert its dominance. The platform has planned to capitalize on its global scale and its suite of products, considered one of the most complete and advanced on the market. 

This allows Kraken to differentiate itself from competitors, offering not only a service compliant with local regulatory requirements, but also an optimal user experience, as Gahan reiterated.

Furthermore, this acquisition will bring significant direct benefits to BCM customers. In the coming months, these users will have access to a wide range of digital assets, with over 200 options available. 

Market-leading liquidity will also be offered, a crucial element for traders seeking stability and speed in operations. 

Moreover, the high safety standards and a customer support available 24/7 in the local language will further enhance the user experience.

Long-term goals and more 

In recent years, Kraken has invested significantly in improving its platform and expanding its suite of products. The company’s goal is to become a point of reference for anyone who wants to operate in the cryptocurrency sector.

Among the novelties, Kraken has launched the Kraken Pro interface for advanced traders, in addition to a new web experience designed for less experienced consumers, which offers a simple and intuitive interface.

This strategy reflects Kraken’s desire to stay at the forefront in a rapidly evolving sector. 

The ability to combine a strong global presence with a high-quality local offering is one of the main strengths of the company. 

As the MiCA regulation approaches, Kraken positions itself as one of the main players ready to seize the opportunities offered by a regulated market. At the same time ensuring that its services meet all regulatory requirements.

The acquisition of BCM therefore marks an important milestone for Kraken, which continues to pursue its mission of becoming the bridge to the most innovative and promising areas of the world of cryptocurrencies. 

With a clear vision of the future and a solid base in Europe, Kraken is ready to continue its expansion. Offering its clients the best trading and investment experiences, and opening new opportunities in the cryptocurrency landscape.