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- Kraken has revealed its acquisition of Dutch crypto broker BCM, conditioning its European growth
- The offer enables Kraken to boost its existence in the Netherlands, supplying BCM’s customers with gainaccessto to Kraken’s detailed crypto services
- The acquisition linesup with Kraken’s European development strategies under the freshly executed Markets in Crypto-Assets (MiCA) regulative structure
Crypto exchange OG Kraken has validated its acquisition of Dutch crypto broker Coin Meester B.V. (BCM) as part of its method to broaden in Europe. The acquisition will increase Kraken’s existence in the Netherlands and makeitpossiblefor BCM customers to gainaccessto Kraken’s substantial item variety, liquidity, and 24/7 consumer assistance. Of more significance, nevertheless, is BCM’s Virtual Asset Service Provider (VASP) license, which Kraken permits the business to trade lawfully in the area.
VASP License Attracts Kraken
Founded in 2017, BCM is one of the earliest crypto brokers in the Netherlands, offering services for over 170 cryptocurrencies. Kraken CEO Dpassionate Ripley keptinmind in a press release that “The Netherlands has one of the world’s most sophisticated economies and a high level of crypto adoption,” including, “This acquisition will substantially strengthen our position in this secret market.”
Whatever positives Ripley may see in a Dutch station, of more value is the VASP license it holds. The license, provided by the Dutch main bank, De