- Kraken has closed the acquisition of Dutch cryptocurrency trade Coin Meester B.V.
- The trade has been increasing its companies throughout EU forward of MiCA regulation.
Crypto trade Kraken has accomplished the acquisition of Coin Meester B.V., or BCM, a regulated Netherlands-based crypto dealer.
BCM has regulatory approval as a registered digital asset service supplier in France and Poland.
This footprint within the Netherlands permits Kraken to supply its companies in France and Poland. In keeping with an announcement, the acquisition of BCM will assist strengthen Kraken’s efforts to develop its companies throughout Europe.
“The completion of the BCM acquisition is a key milestone in our European enlargement, permitting us to leverage our sturdy footprint and market-leading place in euro quantity and liquidity to considerably develop our market share within the years forward,” Brian Gahan, Kraken’s managing director of Europe, famous in an announcement.
Kraken will start to increase its merchandise to BCM shoppers in coming months. This may embody entry to over 200 cryptocurrencies. Customers will even profit from the liquidity, safety and buyer help out there to Kraken’s customers.
Kraken’s EU enlargement
This deal follows Kraken’s enlargement efforts throughout Europe because the business eyes compliance with the European Union’s Markets in Crypto-Property (MiCA) legislation.
Presently, Kraken gives VASP companies both immediately or by way of completely different partnerships throughout the EU. Nations the place the trade gives its companies embody Germany, Spain, Italy, the Netherlands and France. The crypto trade additionally now gives its companies in Eire and Poland.
In Belgium, Kraken operates by way of its VASP platform in Eire.