- Kraken has completed the acquisition of Dutch cryptocurrency exchange Coin Meester BV
- The exchange expanded its services in the EU ahead of MiCA regulation
Cryptocurrency exchange Kraken has finalized the acquisition of Coin Meester BV (BCM), a regulated crypto broker based in the Netherlands. BCM holds regulatory approval as a registered Virtual Asset Service Provider (VASP) in France and Poland.
This presence in the Netherlands enables Kraken to extend its services across France and Poland. According to the announcement, the BCM acquisition will help strengthen Kraken’s efforts to broaden its footprint throughout Europe.
“Completing the acquisition of BCM is a key milestone in our European expansion, allowing us to leverage our strong footprint and market-leading position in euro volume and liquidity to significantly grow market share in the years ahead,” said Brian Gahan, Kraken’s Head of Europe, in a statement.
Over the coming months, Kraken will begin rolling out its products to BCM customers. This rollout will include access to more than 200 cryptocurrencies. Users will also gain the liquidity, security, and customer support available to Kraken’s existing customers.
Kraken’s EU expansion
The deal follows Kraken’s broader expansion efforts across Europe as the industry prepares for the European Union’s Markets in Crypto-Assets (MiCA) regulation.
Kraken currently provides VASP services either directly or through various partnerships across the EU. Countries where the exchange already operates include Germany, Spain, Italy, the Netherlands, and France. Kraken has now also made its services available in Ireland and Poland.
In Belgium, Kraken operates via its Irish VASP platform.