Kraken, a prominent virtual currency exchange network, has declared its intention to acquire Coin Meester B.V. (BCM), a respected crypto broker based in the Netherlands. This strategic acquisition aims to cement Kraken’s foothold in the European region while enhancing compliance with the changing regulatory climate.BCM was established in 2017 and has already listed 170 different crypto assets and offers buying, selling, and staking, including access to over 170 cryptocurrencies and local funding avenues. Through this collaboration, Kraken plans to bring higher security measures, better liquidity, and live client support available 24/7 for BCM clients.David Ripley, the CEO of Kraken, said that the acquisition of BCM will give Kraken a sizable position in the Dutch market and will allow BCM’s clients to benefit from an even more robust product offering. The Netherlands is already one of the world’s most advanced economies in innovation and crypto adoption, priming the region as Kraken’s key market for European expansion plans.Kraken’s move to acquire the Dutch giant BCM is part of its plan to earn regulatory compliance, especially in the European region. The European Commission recently established the Markets in Crypto-Assets (MiCA) regulatory framework, which offers regulations for crypto, stablecoins, and other blockchain assets. Kraken has already obtained proper VASP registration in Ireland and Spain, and is actively seeking more registrations in other countries.

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Information	Details
Geography	Europe
Countries	🇳🇱 🇮🇪 🇪🇸 🇮🇹
Sentiment	positive
Relevance Score	8
People	Mitchell Zandwijken, David Ripley
Companies	European Commission, PrimeXBT, Coin Meester B.V. (BCM), Apex Bank (Spain), Apex Bank (Ireland), Kraken, Binance
Currencies	Ethereum, Bitcoin, Euro, dutch guilder
Securities	None