Key Takeaways:
- Kraken acquires Coin Meester (BCM), expanding its presence in the Dutch crypto market.
- The acquisition helps Kraken secure VASP licenses in France and Poland, strengthening regulatory compliance.
- This move aligns with the upcoming MiCA regulatory framework, set to bring clarity to the EU crypto industry.
Kraken has strengthened its European expansion by acquiring Coin Meester (BCM), one of the Netherlands’ oldest crypto brokerage firms.
This move extends Kraken’s footprint in the Dutch market and helps it secure virtual asset service provider (VASP) licenses in both France and Poland.
We’re happy to share the close of the BCM acquisition! The deal significantly boosts our Dutch footprint and gives us registered operations in France and Poland. Read more here ⬇️ https://t.co/GoCIWEqrbD
— Kraken Exchange (@krakenfx) September 24, 2024
Brian Grahan, Kraken’s managing director for Europe, hailed the acquisition as a significant milestone for Kraken’s European growth, emphasizing the company’s ability to combine global reach with regulatory compliance.
He noted that this will enhance Kraken’s trading and investment services, allowing clients to maximize the potential of cryptocurrencies.
The acquisition aligns with the impending implementation of the Markets in Crypto-Assets (MiCA) regulatory framework, set to take effect on December 30, which aims to establish clear rules for the crypto industry across the European Union.
About The Author
Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
His articles offer a deep dive into the latest trends, projects, and technological advancements shaping the future of digital finance.
Check Efe out on:
