David

Coin

<div class="cryptonews">
 <p class="is-style-lead">Kraken plans to <a rel="noopener noreferrer nofollow" title="acquire" href="https://thebittimes.com/tag/acquire.html">acquire</a> Coin Meester B.V. (BCM), a crypto <a rel="noopener noreferrer nofollow" title="broker" href="https://thebittimes.com/tag/broker.html">broker</a> in the Netherlands.</p>
 <p>The primary goal is to <a rel="noopener noreferrer nofollow" title="expand" href="https://thebittimes.com/tag/expand.html">expand</a> Kraken’s business in Europe. BCM, established in 2017, is one of the Netherlands’ oldest and licensed crypto <a rel="noopener noreferrer nofollow" title="broker" href="https://thebittimes.com/tag/broker.html">broker</a>s. It offers various services, including buying, selling, and staking coins.</p>
 <p>With this acquisition, Kraken will be able to enter the crypto market in the Netherlands, which is a crucial step toward its expansion in Europe.</p>
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 <p>Kraken CEO David Ripley said:</p>
 <blockquote class="wp-block-quote">
  <p>“The Netherlands has one of the world’s most advanced economies, with a well established culture of innovation and a high level of crypto adoption. This makes it a key market for us in our European expansion plans,” “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.”</p>
 </blockquote>
 <p>Krakens’ decision to enter the European market follows the new regulatory framework, Markets in Crypto-Assets (MiCA).</p>
 <p>These rules enable crypto players to invest in the region and offer consumers access to different crypto products.</p>
 <p>The exchange is seeking to comply with the different regulations across Europe.</p>
 <p>BCM co-founder and CEO Mitchell Zandwijken added:</p>
 <blockquote class="wp-block-quote">
  <p>&nbsp;“We founded BCM because we wanted to make crypto accessible to everyone. Kraken is the pioneer in this field with a track record spanning well over a decade, making it the perfect steward of our business going forward. Our clients will benefit from all that crypto has to offer through Kraken’s continuous investment and innovation.”</p>
 </blockquote>
 <p>The acquisition is pending approval from the Netherlands financial regulator, and the financial details of the transaction have not been disclosed yet.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/kraken-expanding-in-europe-to-acquire-dutch-broker-bcm-tbt65330.html">https://thebittimes.com/kraken-expanding-in-europe-to-acquire-dutch-broker-bcm-tbt65330.html</a></p>

Kraken expanding in Europe, to acquire Dutch broker BCM

TheBitTimes

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