Kraken, a major cryptocurrency exchange, has completed its acquisition of Coin Meester BV (BCM), a regulated crypto broker based in the Netherlands. This deal is a key step in Kraken’s ongoing efforts to grow its business across Europe.
By acquiring BCM, Kraken will now be able to offer its services in the Netherlands, France, and Poland, thanks to BCM’s regulatory approvals in those countries.
In a public statement, Kraken’s Managing Director for Europe, Brian Gahan, called the acquisition a major achievement.
“The completion of the BCM acquisition is a key milestone in our European expansion, allowing us to leverage our strong footprint and market-leading position in euro volume and liquidity to significantly grow our market share in the years ahead”, said Gahan.
Better services for BCM clients
For BCM customers, Kraken’s acquisition will bring a range of benefits. Once Kraken’s services are fully integrated, BCM clients will have access to a wider range of cryptocurrencies—more than 200 in total.
Kraken is known for its deep liquidity, which means users will be able to buy and sell cryptocurrencies at competitive prices without major delays. In addition, Kraken’s reputation for security will provide extra peace of mind to BCM users.
Another major perk for BCM customers is the enhanced customer service they will receive. Kraken is known for offering 24/7 customer support, which will also be available in local languages for BCM clients. This is expected to make the trading experience smoother and more user-friendly.
The co-founder of BCM, Mitchell Zandwijken, expressed his excitement about the deal. He said Kraken’s focus on innovation would provide BCM’s clients with an upgraded trading experience.
“Kraken’s innovation will give our users the best crypto experience possible”, said Zandwijken.
As mentioned before, Kraken’s acquisition of BCM is part of a broader strategy to expand its influence across Europe. With new crypto regulations on the horizon, Kraken is moving quickly to adapt and grow its business.
BCM clients can look forward to more features and improved services in the months ahead, while Kraken continues to position itself as a leader in the European crypto market.
Preparing for new crypto regulations in Europe
Kraken’s move to acquire BCM is not just about expanding its services, but also about getting ready for new European regulations.
The European Union is preparing to introduce a new set of laws called the Markets in Crypto-Assets (MiCA) regulation. These laws are designed to create more structure and transparency in the cryptocurrency market.
Once MiCA goes into effect, all crypto companies operating in Europe will need to follow these new rules.
Having already secured licences in other European countries, such as Ireland, France, and Poland, the recent acquisition of BCM strengthens its position even further.
Gahan highlighted the importance of compliance, saying, “We are one of the very few in Europe that can combine global scale with a compliant offering and a superior client experience”.
He also stressed that this expansion would allow Kraken to offer its users the tools and support they need to fully engage in the crypto market.
The crypto industry is becoming increasingly competitive in Europe as more companies seek to align with MiCA.
Kraken’s latest acquisition suggests that the company is prepared to remain a key player in this environment, offering more options and better services to its European users.
