Kraken Expands European Presence with Acquisition of Dutch Crypto Broker Coin Meester
Ruholamin Haqshanas is a contributing crypto writer for CryptoNews. He is a crypto and finance journalist with over four years of experience. Ruholamin has been featured in several high-profile crypto...
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.
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.
The exchange now offers VASP services either directly or through partnerships in multiple countries, including Germany, Spain, Italy, Belgium, Ireland, France, Poland, and the Netherlands.
“We are one of the few in Europe that can combine global scale with a compliant offering and a superior client experience,” Gahan added.
We’re happy to share the close of the BCM acquisition! The deal significantly boosts our Dutch footprint and gives us registered operations in
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