- The Kraken BCM acquisition enhances its influence in the European crypto market
- Kraken BCM acquisition boosts its services in major EU countries, including Germany and France
- The Kraken BCM acquisition strengthens Kraken’s leadership in euro trading and liquidity
Kraken has completed the acquisition of crypto broker Coin Meester B.V. (BCM), a significant strategic step that further cements its position as a leading player in the European cryptocurrency market and accelerates its growth in key EU countries.
Kraken BCM Acquisition
Crypto broker Coin Meester B.V. is the latest extension of Kraken into Europe.
Kraken, one of the world’s largest cryptocurrency platforms, is proud to announce that it has concluded the purchase of Coin Meester B.V. (BCM), one of the most highly reputed crypto brokers in the Netherlands.
This important step fits into Kraken’s strategy of expansion in the European market, which in recent years has seen significant growth in preparation for the implementation of the European Crypto Markets Regulation known as MiCA.
BCM’s addition widens Kraken’s framework enormously across Europe. BCM is considered one of the oldest and most trusted cryptocurrency brokers in the Netherlands; therefore, it complements Kraken’s brand well.
With this acquisition, Kraken further consolidates its VASP services offering not only in the Netherlands but also in key markets such as Germany, France, Poland, Italy, Spain, Belgium, and Ireland.
The management of Kraken commented on the strategic relevance of the purchase: Brian Gahan, General Manager for Europe at Kraken, stated that the operation represents a “crucial moment” in the growth of the firm on the continent.
“Thanks to this acquisition, Kraken can leverage its leading position in euro volumes and liquidity to massively expand our market share over the coming years.”
This vision reflects not only Kraken’s determination to maintain its leading position in the highly competitive marketplace but also serves as a statement of intent for further expansion.
Conclusion
In this respect, Coin Meester B.V. will be regarded as a fundamental strategic step for the company in the European zone, placing Kraken in a leading position within the cryptocurrency market.
This consolidation will allow Kraken to expand its services on the continent and prepare for future challenges in this sector.
