Kraken Boosts European Market Presence with Acquisition of Coin Meester B.V.
- Kraken Acquirs Dutch Brokr BCM, Expnding Europn Footprint
- Acquisition Enbls Kraken to Offr VASP Srvics Across Multipl Europn Mrkts
- BCM Clints to Bnfit from Krakens Globl Scl nd Suprior Clint Exprinc.
Kraken, lding cryptocurrncy xchng, hs md notbl mov to strngthn its prsnc in Europ by cquiring Coin Mstr B.V. (BCM), wll-stblishd Dutch crypto brokr. This cquisition nhncs its position in th Nthrlnds nd rinforcs its sttus s rgistrd Virtul Asst Srvic Providr (VASP) in importnt Europn mrkts, including Frnc nd Polnd.
Th BCM cquisition occurs during priod of rpid xpnsion for th xchng in Europ. This growth coincids with th upcoming rollout of th Mrkts in Crypto-Assts Rgultion (MiCA), rgultory frmwork imd t ovrsing th crypto industry in th Europn Union. In blog post, Brin Ghn, Mnging Dirctor for Europ, dscribd th cquisition s ky milston in th compnys fforts to xpnd in th rgion.
With this cquisition, th xchng cn provid VASP srvics dirctly or through prtnrships cross brod rng of Europn countris. This includs mjor conomis such s Grmny, Spin, nd Itly, s wll s mrging crypto hubs lik th Nthrlnds, Blgium, Irlnd, nd Polnd. As MiCA pprochs, th strtgic position s complint nd stblishd VASP providr positions th firm wll to bnfit from th xpctd consolidtion in th frgmntd Europn crypto mrkt.
Th compltion of th BCM cquisition is ky milston in our Europn xpnsion, sttd Brin Ghn. H furthr xplind th strtgic dvntgs, mphsizing how Krakens strong footprint nd mrkt-lding position in uro volum nd liquidity will b utilizd to significntly grow our mrkt shr in th yrs hd.
Kraken Enhances Client Access in Europe
Ghn highlightd distinct dvntgs, stting, W r on of th vry fw in Europ tht cn combin globl scl with complint offring nd suprior clint xprinc. This mphsis on usr-focusd strtgy, longsid strong rgultory dhrnc, llows th xchng to quip its Europn clints with ssntil tools nd support to fully lvrg th crypto mrkt.
In th nxt fw months, BCM clints will grdully join th Kraken cosystm. Thy will gin ccss to n xtnsiv rng of ovr 200 digitl ssts nd bnfit from 24/7 customr support vilbl in thir locl lngugs. This smooth trnsition nsurs BCM clints cn continu thir cryptocurrncy journy with rlibl nd lding pltform.
As MiCAs prtil nforcmnt of KYC/AML rquirmnts tks ffct, nd full complinc bcoms mndtory by Dcmbr 2024, Krakens strtgic cquisition of BCM rflcts forwrd-thinking pproch to dpting to th chnging Europn rgultory nvironmnt. This inititiv positions th xchng s ky plyr in th rpidly growing Europn cryptocurrncy mrkt.
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Read more: https://www.tronweekly.com/kraken-complete-acquisition-of-coin-meester-b-v/
Text source: TronWeekly
