Kraken strengthens European enterprise with completion of BCM acquisition

At the moment we introduced the closing of the Coin Meester B.V. (BCM) acquisition, a key ingredient in our European progress technique. 

With the acquisition of BCM, one of many Netherlands’ oldest and most revered registered crypto brokers, we’ve considerably expanded our Dutch footprint and enhanced our enterprise with a registered Digital Asset Service Supplier (VASP) in France and Poland.¹ 

Over the previous two years, we’ve accelerated our enlargement in Europe forward of the implementation of the Markets in Crypto-Property Regulation (MiCA). We at the moment are capable of supply VASP providers straight or via a partnership in Germany,* Spain, Italy, the Netherlands, Belgium,² Eire, France and Poland.

The European market is very fragmented and rising prices mixed with rising competitors are anticipated to drive consolidation within the years forward. We plan to develop our market share by leveraging its international scale and best-in-class product suite.

“The completion of the BCM acquisition is a key milestone in our European enlargement, permitting us to leverage our robust footprint and market-leading place in euro quantity and liquidity to considerably develop our market share within the years forward,” stated Brian Gahan, Kraken Managing Director Europe.

“We’re one of many only a few in Europe that may mix international scale with a compliant providing and a superior consumer expertise. Our shoppers stand to profit as we empower them with the premium buying and selling and investing experiences wanted to unlock crypto’s full potential.”

Over the following few months, BCM shoppers will begin to profit from our intensive product providing, with shoppers having access to greater than 200 digital property, market-leading liquidity, superior safety requirements and 24/7/365 reside, local-language consumer assist. 

Lately, Kraken has strengthened its core product providing and expanded its product suite, in step with its technique to change into the bridge to essentially the most thrilling areas of crypto. Kraken shoppers profit from the Kraken Professional buying and selling interface for superior merchants and a brand new shopper internet person expertise.

* Powered by DLT Finance, a model of DLT Securities GmbH and DLT Custody GmbH. Each corporations are supervised by BaFin.

¹ BCM is registered as a Digital Asset Service Supplier within the Netherlands, France and Poland.

² Kraken affords providers into Belgium from its registered Digital Asset Service Supplier in Eire.

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