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Kraken has expanded into Europe by acquiring Dutch broker BCM

As part of its aim to be more visible across Europe, Kraken has bought BCM, one of the oldest crypto broker companies in Netherlands, The action allows Kraken to provide more compliant services across many European nations ahead of the MiCA rules fully being followed.

By acquiring Dutch broker BCM, Kraken fortifies European growth

Renowned bitcoin exchange Kraken has moved significantly to increase its European footprint by purchasing Coin Meester B.V. (BCM), one of the Netherlands’ longest-standing crypto brokers. A major component of Kraken’s larger plan to spread throughout Europe and establish itself as a top supplier of virtual asset technologies is this purchase.

By acquiring BCM, Kraken may expand its influence over important European nations including France, Poland, and others as well as tighten its grasp on the Dutch market. Now, among other areas including Germany, Spain, Italy, Belgium, and Ireland, Kraken positions itself to offer controlled virtual asset services either directly or via partnerships.

Celebrated as a significant milestone in the European expansion plan of Kraken, Brian Gahan, Managing Director for Europe, He underlined how well the organization is ready for the growing European market as it can mix a compliant service offering with first-rate client experiences.

The growth of Kraken is especially relevant as Europe is ready to fully apply the Markets in Crypto-Assets Regulation (MiCA). MiCA, set to take effect by the end of 2024, will offer the crypto sector a consistent regulatory framework all throughout the EU. By being proactive in harmonizing with these forthcoming rules, Kraken has been able to keep regulatory compliance while expanding the market share via exchange.

With multiple companies striving to increase their presence before MiCA becomes completely operational, the European crypto sector is still highly competitive and fractured. Using its strength in euro trading volume and liquidity, Kraken’s acquisition of BCM is a component of its strategy for negotiating this terrain.

Apart from its acquiring activities, Kraken has become a major participant in the European market by means of continuous regulatory interaction and strategic alliances. While concentrating on compliance and providing outstanding customer experiences around the continent, the firm wants to keep its pace of expansion.

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