SUMMARY

• Kraken has acquired Coin Meester (BCM), one of the Netherlands’ oldest crypto brokers, to further its European expansion.
• This acquisition strengthens Kraken’s presence in the Dutch market and adds VASP licenses in France and Poland.

Kraken has taken a major step forward in its European expansion with the acquisition of Coin Meester (BCM), one of the most seasoned registered crypto brokers in the Netherlands. By obtaining BCM, Kraken not only grows its presence in the Dutch market but also secures a Virtual Asset Service Provider (VASP) permit in France and Poland, further setting its foothold in Europe. This acquisition is seen as a basic milestone for the company, signaling its proceeded growth across the continent.

Brian Grahan, Kraken’s managing director for Europe, emphasized that this highlights Kraken’s capacity to offer both global reach and a compliant, high-quality client involvement. He expressed that the acquisition will empower Kraken’s clients with premium trading and investing tools to unlock the full potential of crypto. The timing is critical, coming just ahead of the Markets in Crypto-Assets (MiCA) bill, which will actualize a comprehensive regulatory system for the crypto industry across Europe by December 30, 2024.

This development reflects Kraken’s focus on remaining ahead of regulatory changes while giving a predominant involvement for its European clientele. By broadening its reach and guaranteeing compliance, Kraken positions itself as a leader in the evolving crypto scene in Europe. As the MiCA regulations come into effect, Kraken’s key acquisitions and compliance endeavors will permit it to better serve its clients and continue its development across the region.

Kraken’s move strengthens its long-term commitment to Europe and highlights the significance of regulated, customer-focused development in the crypto segment. This acquisition marks an interesting moment for the company as it navigates the quickly changing regulatory environment in Europe.