• Kraken has closed the acquisition of Dutch cryptocurrency alternate Coin Meester B.V.
• The alternate has been increasing its companies throughout EU forward of MiCA regulation.

Crypto alternate Kraken has accomplished the acquisition of Coin Meester B.V., or BCM, a regulated Netherlands-based crypto dealer.

BCM has regulatory approval as a registered digital asset service supplier in France and Poland.

This footprint within the Netherlands permits Kraken to supply its companies in France and Poland. In response to an announcement, the acquisition of BCM will assist strengthen Kraken’s efforts to broaden its companies throughout 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, famous in an announcement.

Kraken will start to increase its merchandise to BCM purchasers in coming months. This can embrace entry to over 200 cryptocurrencies. Customers may also profit from the liquidity, safety and buyer help out there to Kraken’s customers.

Kraken’s EU growth

This deal follows Kraken’s growth efforts throughout Europe because the business eyes compliance with the European Union’s Markets in Crypto-Property (MiCA) regulation.

At the moment, Kraken offers VASP companies both straight or by means of totally different partnerships throughout the EU. Nations the place the alternate presents its companies embrace Germany, Spain, Italy, the Netherlands and France. The crypto alternate additionally now presents its companies in Eire and Poland.

In Belgium, Kraken operates by means of its VASP platform in Eire.