Kraken Strengthens European Presence with New Acquisition

Kraken has bolstered its European growth strategy by acquiring Coin Meester (BCM), a prominent crypto broker in the Netherlands.

This strategic move allows Kraken to enhance its presence in the Dutch market while also holding virtual asset service provider (VASP) licenses in France and Poland.

Brian Grahan, Kraken’s managing director for Europe, emphasized the significance of this acquisition in a September 24 announcement, stating that Kraken is among the few companies in Europe capable of delivering both global scale and compliant services with an exceptional client experience.

He added that this empowers clients to fully explore the potential of cryptocurrency trading and investment.

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This acquisition comes just before the full enforcement of the Markets in Crypto-Assets (MiCA) bill, which represents the first comprehensive regulatory framework for the crypto sector and will take effect on December 30.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.