Kraken to Acquire Dutch Crypto Broker BCM

The US-based cryptocurrency exchange Kraken has announced
its plans to acquire Coin Meester B.V. (BCM), a crypto broker based in the
Netherlands. This strategic acquisition is part of the recent steps by the
cryptocurrency exchange to strengthen its presence in Europe.

Founded in 2017, BCM is one of the oldest registered crypto
brokers in the Netherlands, offering a wide array of services, including
buying, selling, and staking cryptocurrencies. It has access to over 170
digital assets and robust local funding rails.

David Ripley, the CEO of Kraken, said in an official
statement from the company: “The Netherlands has one of the world’s most
advanced economies, with a well-established culture of innovation and a high
level of crypto adoption. This makes it a key market for us in our European
expansion plans. The acquisition
Acquisition

Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There

Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant’s service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There
Read this Term of BCM will give Kraken a sizable position in
the Dutch market and will allow BCM’s clients to benefit from an even more
robust product offering.”