- Kraken has completed the acquisition of the Dutch cryptocurrency exchange Coin Meester BV
- The exchange has expanded its services across the European Union in line with MiCA regulations.
Cryptocurrency exchange Kraken has finalized the acquisition of Coin Meester BV, also known as BCM, a regulated Dutch crypto broker. BCM holds regulatory approval as a registered provider of virtual asset services in France and Poland.
Having a presence in the Netherlands enables Kraken to extend its services to customers in France and Poland. According to the announcement, the acquisition of BCM will strengthen Kraken’s efforts to broaden its European footprint.
“Completing the acquisition of BCM is a key milestone in our European expansion, allowing us to leverage our strong presence and market-leading position in euro volume and liquidity to meaningfully grow our market share in the years ahead,” said Brian Gahan, Kraken’s Managing Director for Europe, in a statement.
Over the coming months, Kraken will begin rolling out its product suite to BCM customers. This expansion will include access to more than 200 cryptocurrencies. Users will also benefit from Kraken’s liquidity, security measures, and customer support.
Kraken’s Expansion in the EU
This deal continues Kraken’s push to expand throughout Europe as the industry shifts focus toward compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulation.
Kraken currently provides VASP services either directly or through various partnerships across the EU. The exchange offers services in Germany, Spain, Italy, the Netherlands, and France.
Kraken has also recently extended services to Ireland and Poland. In Belgium, Kraken operates through its VASP platform based in Ireland.