- Kraken has completed the acquisition of Dutch cryptocurrency broker Coin Meester B.V. (BCM).
- The acquisition supports Kraken’s push to expand services across the EU ahead of MiCA regulation.
Cryptocurrency exchange Kraken has finalized the purchase of Coin Meester B.V. (BCM), a regulated crypto broker based in the Netherlands. BCM holds registration as a virtual asset service provider (VASP) in both France and Poland.
By bringing BCM into its operations, Kraken gains regulatory coverage and a foothold that enables it to offer services more broadly across France and Poland. Kraken says the acquisition will strengthen its European expansion and help increase its market share, leveraging its existing euro trading volume and liquidity.
Brian Gahan, Kraken’s managing director for Europe, described the transaction as a major milestone for the company’s European strategy, emphasizing the opportunity to build on Kraken’s strong position in euro liquidity and grow market presence in the coming years.
Over the next few months, Kraken plans to roll out its full range of products to BCM customers. This expansion will provide BCM users access to more than 200 cryptocurrencies, along with Kraken’s deep liquidity, established security protocols, and customer support infrastructure.
Kraken’s EU expansion
The deal comes as Kraken continues to expand across the European Union ahead of the Markets in Crypto-Assets (MiCA) regulatory framework. Kraken currently delivers VASP services either directly or through partnerships across multiple EU markets.
Kraken already offers services in Germany, Spain, Italy, the Netherlands and France, and has recently extended availability to Ireland and Poland. In Belgium, Kraken serves customers through its Irish VASP arrangement.
The acquisition of BCM aligns with Kraken’s broader plan to ensure compliant, regulated access across key European markets while preparing for the implementation of MiCA.