- Kraken has closed the purchase of Dutch cryptocurrency trade Coin Meester B.V.
- The trade has been increasing its services and products throughout EU forward of MiCA law.
Crypto trade Kraken has finished the purchase of Coin Meester B.V., or BCM, a regulated Netherlands-based crypto dealer.
BCM has regulatory approval as a registered digital asset carrier supplier in France and Poland.
This footprint within the Netherlands permits Kraken to provide its services and products in France and Poland. In line with a statement, the purchase of BCM will assist enhance Kraken’s efforts to extend its services and products throughout Europe.
“The finishing touch of the BCM acquisition is a key milestone in our Eu enlargement, permitting us to leverage our robust footprint and market-leading place in euro quantity and liquidity to noticeably develop our marketplace percentage within the years forward,” Brian Gahan, Kraken’s managing director of Europe, famous in a remark.
Kraken will start to prolong its merchandise to BCM shoppers in coming months. This will likely come with get entry to to over 200 cryptocurrencies. Customers can even take pleasure in the liquidity, safety and buyer fortify to be had to Kraken’s customers.
Kraken’s EU enlargement
This deal follows Kraken’s enlargement efforts throughout Europe because the business eyes compliance with the Eu Union’s Markets in Crypto-Belongings (MiCA) regulation.
Recently, Kraken supplies VASP services and products both without delay or thru other partnerships around the EU. Nations the place the trade gives its services and products come with Germany, Spain, Italy, the Netherlands and France. The crypto trade additionally now gives its services and products in Eire and Poland.
In Belgium, Kraken operates thru its VASP platform in Eire.