Kraken Expands European Presence with Acquisition of Dutch Crypto Broker Coin Meester
Crypto exchange Kraken has acquired Coin Meester B.V. (BCM), one of the Netherlands’ oldest registered crypto broker firms.
The deal, finalized on Tuesday, marks a significant step in Kraken’s strategy to strengthen its footprint across Europe, the exchange said in a blog post.
By acquiring BCM, Kraken aims to solidify its presence in the Dutch market and further establish its position as a registered Virtual Asset Service Provider (VASP) in key European countries, including France and Poland.
“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,” said Brian Gahan, Kraken Managing Director Europe.
EU Gears Up for Implementation of MiCA
This move comes as the European crypto market gears up for the implementation of the upcoming Markets in Crypto-Assets Regulation (MiCA), which is expected to introduce stricter regulatory standards across the region.
Over the past two years, Kraken has been actively expanding its operations across Europe.
#BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC #NeiroOnBinance #Write2Earn
