Kraken strengthens European business with completion of BCM acquisition

Today we announced the closing of the Coin Meester B.V. (BCM) acquisition, a cardinal constituent successful our European maturation strategy. 

With the acquisition of BCM, 1 of the Netherlands’ oldest and astir respected registered crypto brokers, we person importantly expanded our Dutch footprint and enhanced our concern with a registered Virtual Asset Service Provider (VASP) successful France and Poland.¹ 

Over the past 2 years, we person accelerated our enlargement successful Europe up of the implementation of the Markets successful Crypto-Assets Regulation (MiCA). We are present capable to connection VASP services straight oregon done a concern successful Germany,* Spain, Italy, the Netherlands, Belgium,² Ireland, France and Poland.

The European marketplace is highly fragmented and rising costs combined with increasing contention are expected to thrust consolidation successful the years ahead. We program to turn our marketplace stock by leveraging its planetary standard and best-in-class merchandise suite.

“The completion of the BCM acquisition is simply a cardinal milestone successful our European expansion, allowing america to leverage our beardown footprint and market-leading presumption successful euro measurement and liquidity to importantly turn our marketplace stock successful the years ahead,” said Brian Gahan, Kraken Managing Director Europe.

“We are 1 of the precise fewer successful Europe that tin harvester planetary standard with a compliant offering and a superior lawsuit experience. Our clients basal to payment arsenic we empower them with the premium trading and investing experiences needed to unlock crypto’s afloat potential.”

Over the adjacent fewer months, BCM clients volition commencement to payment from our extended merchandise offering, with clients gaining entree to much than 200 integer assets, market-leading liquidity, superior information standards and 24/7/365 live, local-language lawsuit support. 

In caller years, Kraken has strengthened its halfway merchandise offering and expanded its merchandise suite, successful enactment with its strategy to go the span to the astir breathtaking areas of crypto. Kraken clients payment from the Kraken Pro trading interface for precocious traders and a caller user web idiosyncratic experience.

* Powered by DLT Finance, a marque of DLT Securities GmbH and DLT Custody GmbH. Both companies are supervised by BaFin.

¹ BCM is registered arsenic a Virtual Asset Service Provider successful the Netherlands, France and Poland.

² Kraken offers services into Belgium from its registered Virtual Asset Service Provider successful Ireland.

These materials are for wide accusation purposes lone and are not concern proposal oregon a proposal oregon solicitation to buy, sell, stake, oregon clasp immoderate cryptoasset oregon to prosecute successful immoderate circumstantial trading strategy. Kraken makes nary practice oregon warranty of immoderate kind, explicit oregon implied, arsenic to the accuracy, completeness, timeliness, suitability oregon validity of immoderate specified accusation and volition not beryllium liable for immoderate errors, omissions, oregon delays successful this accusation oregon immoderate losses, injuries, oregon damages arising from its show oregon use. Kraken does not and volition not enactment to summation oregon alteration the terms of immoderate peculiar cryptoasset it makes available. Some crypto products and markets are unregulated, and you whitethorn not beryllium protected by authorities compensation and/or regulatory extortion schemes. The unpredictable quality of the cryptoasset markets tin pb to nonaccomplishment of funds. Tax whitethorn beryllium payable connected immoderate instrumentality and/or connected immoderate summation successful the worth of your cryptoassets and you should question autarkic proposal connected your taxation position. Geographic restrictions whitethorn apply.

The station Kraken strengthens European concern with completion of BCM acquisition appeared archetypal connected Kraken Blog.