Kraken Acquires BCM To Expand In Europe With New MiCA Law
Key Points:
- Kraken acquires BCM to expand its European presence.
- The move is in line with the MiCA regulatory framework, promoting compliant growth.
- Kraken diversifies with a new NFT marketplace and improved trading interface.
Crypto exchange Kraken is set to expand its presence in Europe through the acquisition of Dutch cryptocurrency broker Coin Meester BV (BCM).
Kraken Acquires BCM to Expand European Reach
Founded in 2017, BCM is a registered cryptocurrency broker in the Netherlands. Kraken acquires BCM underscores the exchange’s dedication to growing its European business and capitalizing on its robust financial position and competitive product offerings.
BCM offers a wide range of services, including buying, selling, and pledging over 170 cryptocurrencies, as well as utilizing local financing channels. The acquisition is pending customary closing conditions and regulatory approvals.
Kraken acquires BCM to solidify its foothold in the Netherlands and extend its suite of services to BCM’s clients. This includes access to its extensive product offerings, exceptional liquidity, high-security standards, and round-the-clock client support.
MiCA Framework Fuels Kraken’s European Expansion Strategy
The decision to ramp up its European expansion aligns with the European Commission’s establishment of the Markets in Crypto-Assets (MiCA) regulatory framework. This framework encourages industry players to invest confidently in the region and offer consumers more competitive products and services.
The exchange is committed to growing its business in compliance with European regulations and is actively pursuing registrations in various European markets, in addition to its existing VASP registrations in Ireland, Italy, and Spain.
In recent years, Kraken has bolstered its core exchange offerings and diversified its product portfolio to empower individuals to explore the potential of decentralized blockchain technology. This strategy includes the recent launch of a Kraken NFT marketplace and an enhanced consumer web experience.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Kraken Acquires BCM To Expand In Europe With New MiCA Law
Key Points:
- Kraken acquires BCM to expand its European presence.
- The move is in line with the MiCA regulatory framework, promoting compliant growth.
- Kraken diversifies with a new NFT marketplace and improved trading interface.
Crypto exchange Kraken is set to expand its presence in Europe through the acquisition of Dutch cryptocurrency broker Coin Meester BV (BCM).
Kraken Acquires BCM to Expand European Reach
Founded in 2017, BCM is a registered cryptocurrency broker in the Netherlands. Kraken acquires BCM underscores the exchange’s dedication to growing its European business and capitalizing on its robust financial position and competitive product offerings.
BCM offers a wide range of services, including buying, selling, and pledging over 170 cryptocurrencies, as well as utilizing local financing channels. The acquisition is pending customary closing conditions and regulatory approvals.
Kraken acquires BCM to solidify its foothold in the Netherlands and extend its suite of services to BCM’s clients. This includes access to its extensive product offerings, exceptional liquidity, high-security standards, and round-the-clock client support.
MiCA Framework Fuels Kraken’s European Expansion Strategy
The decision to ramp up its European expansion aligns with the European Commission’s establishment of the Markets in Crypto-Assets (MiCA) regulatory framework. This framework encourages industry players to invest confidently in the region and offer consumers more competitive products and services.
The exchange is committed to growing its business in compliance with European regulations and is actively pursuing registrations in various European markets, in addition to its existing VASP registrations in Ireland, Italy, and Spain.
In recent years, Kraken has bolstered its core exchange offerings and diversified its product portfolio to empower individuals to explore the potential of decentralized blockchain technology. This strategy includes the recent launch of a Kraken NFT marketplace and an enhanced consumer web experience.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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