Key Takeaways
- Kraken’s acquisition of BCM enhances its VASP services in multiple European countries.
- BCM clients to access Kraken’s 200+ digital products and 24/7 support following the acquisition.
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US-based crypto exchange Kraken has completed its acquisition of Coin Meester B.V. (BCM), one of the oldest registered crypto brokers in the Netherlands. This move is part of Kraken’s strategy to expand its presence in Europe ahead of the implementation of the Markets in Crypto-Assets Regulation (MiCA).
The acquisition allows Kraken to enhance its operations as a registered Virtual Asset Service Provider (VASP) in France and Poland, while also establishing a foothold in the Dutch market. Brian Gahan, Kraken’s Managing Director in Europe, described the acquisition as a “key milestone” in the company’s European expansion efforts.
Direct offerings for European market
With this acquisition, Kraken can now offer VASP services directly or through partnerships in eight European countries: Germany, Spain, Italy, the Netherlands, Belgium, Ireland, France, and Poland. This extensive coverage positions Kraken as one of the few global exchanges with a compliant offering across multiple European markets.
Over the coming months, BCM clients will gain access to Kraken’s suite of products, including over 200 digital assets and round-the-clock customer support in local languages. This integration aims to provide users with enhanced trading and investing experiences.
MiCA and new…
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