- Kraken has accomplished its acquisition of Dutch cryptocurrency change Coin Meester BV.
- The change has been increasing its providers throughout the EU forward of MiCA regulation.
Cryptocurrency change Kraken has accomplished its acquisition of Coin Meester BV (BCM), a regulated cryptocurrency dealer primarily based within the Netherlands.
BCM has acquired regulatory approval as a registered digital asset service supplier in France and Poland.
The Netherlands presence will enable Kraken to supply its providers in France and Poland, and the acquisition of BCM will assist Kraken strengthen its efforts to increase its providers throughout Europe, in keeping with the announcement.
“The completion of the BCM acquisition marks an vital milestone in our European growth, permitting us to leverage our robust foothold and market-leading place in euro buying and selling volumes and liquidity to considerably increase our market share over the approaching years,” Brian Gahan, Kraken's managing director for Europe, mentioned in an announcement.
Kraken will start to increase its choices for BCM shoppers within the coming months, together with entry to over 200 cryptocurrencies. Customers can even profit from the liquidity, safety and buyer help out there to Kraken customers.
Kraken Enters the EU
The deal follows Kraken's efforts to increase throughout Europe because the trade seems to adjust to the European Union's Markets in Crypto Belongings (MiCA) regulation.
Kraken presently provides VASP providers throughout the EU, each instantly and thru numerous partnerships. Nations served by the change embody Germany, Spain, Italy, the Netherlands, and France. The cryptocurrency change additionally presently provides its providers in Eire and Poland.
In Belgium, Kraken operates via the Irish VASP platform.
