Kraken has concluded the purchase of the Coin Meester B.V. (BCM)B.V. (BCM). For context, the BCM is a renowned Netherlands-based crypto broker that has survived the test of time. Therefore, it underscores Kraken’s unique pattern of marking its expansion in the European crypto marketplace.
Notably, the latest development appeared on Kraken’s official website. Part of the announcement read thus: “With the acquisition of BCM, one of the Netherlands’ oldest and most respected registered crypto brokers, we have significantly expanded our Dutch footprint and enhanced our business with a registered Virtual Asset Service Provider (VASP) in France and Poland.”
BCM Clients will Enjoy Improved Services
With the latest development, BCM users should gear up for enhanced trading options on Kraken. Customers will access over 200 crypto assets, attractive market liquidity, and an improved security network. In addition, users will access all-around-the-clock customer service, and language support will cut across popular and local options.
Speaking on the development, Brian Gahan, Kraken's Europe Managing Director, remarked, “We are one of the very few in Europe that can combine global scale with a compliant offering and a superior client experience. Our clients stand to benefit as we empower them with the premium trading and investing experiences needed to unlock crypto’s full potential.”
Kraken Records Expansion as MiCA Regulations Edge Closer
With the full implementation of the Markets in Crypto Assets (MiCA) regulation drawing closer, Kraken’s latest achievement will undoubtedly place the exchange in a favorable position ahead of the December 30 new rules re-installment. As part of its MiCA preparations, Kraken now offers direct VASP services via partnerships in several countries like Germany, Italy, Spain, Netherlands, etc.
For context, the MiCA regulations hope to form a foundation for the European crypto industry. On its part, the Netherlands forms one of the continent’s crypto ecosystem mainstays. Therefore, it corroborates claims, hyping the significance of Kraken's involvement with a Netherlands-based firm.
