Kraken completes acquisition of Dutch crypto exchange BCM

• Kraken
  has
  closed
  the
  acquisition
  of
  Dutch
  cryptocurrency
  exchange
  Coin
  Meester
  B.V.
• The
  exchange
  has
  been
  expanding
  its
  services
  across
  EU
  ahead
  of
  MiCA
  regulation.

Crypto
exchange

Kraken
has
completed
the
acquisition
of
Coin
Meester
B.V.,
or
BCM,
a
regulated
Netherlands-based
crypto
broker.

BCM
has
regulatory
approval
as
a
registered
virtual
asset
service
provider
in
France
and
Poland.

This
footprint
in
the
Netherlands
allows
Kraken
to
offer
its
services
in
France
and
Poland.
According
to
an
announcement,
the
acquisition
of
BCM
will
help
strengthen
Kraken’s
efforts
to
expand
its
services
across
Europe.

“The
completion
of
the
BCM
acquisition
is
a
key
milestone
in
our
European
expansion,
allowing
us
to
leverage
our
strong
footprint
and
market-leading
position
in
euro
volume
and
liquidity
to
significantly
grow
our
market
share
in
the
years
ahead,”
Brian
Gahan,
Kraken’s
managing
director
of
Europe,
noted
in
a

statement.

Kraken
will
begin
to
extend
its
products
to
BCM
clients
in
coming
months.
This
will
include
access
to
over
200
cryptocurrencies.
Users
will
also
benefit
from
the
liquidity,
security
and
customer
support
available
to
Kraken’s
users.

Kraken’s
EU
expansion

This
deal
follows
Kraken’s
expansion
efforts
across
Europe
as
the
industry
eyes
compliance
with
the
European
Union’s

Markets
in
Crypto-Assets
(MiCA)
law.

Currently,
Kraken
provides
VASP
services
either
directly
or
through
different
partnerships
across
the
EU.
Countries
where
the
exchange
offers
its
services
include
Germany,
Spain,
Italy,
the
Netherlands
and
France.
The
crypto
exchange
also
now
offers
its
services
in
Ireland
and
Poland.

In
Belgium,
Kraken
operates
through
its
VASP
platform
in
Ireland.