Kraken acquires the Dutch stock exchange, expanding the European marketplace

Kraken is in the course of action of obtaining the Dutch stock exchange, to serve its European marketplace growth system.

Kraken acquires the Dutch stock exchange, expanding the European marketplace. Photo: The Crypto Times

Last evening (October five), Kraken was announced Agree has acquired yet another exchange, Coin Meester BV (BCM), with the aim of escalating marketplace share in Europe. The worth of the operation has not nevertheless been disclosed.

Fantastic Information! 📣

We are energized to announce our programs to obtain Dutch cryptocurrency broker BCM @bcmtodaycom!

This is yet another essential phase in our ongoing dedication to development in Europe and to deliver the Kraken providing to a lot more men and women all over the planet.

More specifics ➡️ https://t.co/HkRRkLpGq4 pic.twitter.com/pzdQh2tAkn

— Kraken Exchange (@krakenfx) October 5, 2023

Kraken’s system is to accelerate its growth in Europe, specially soon after the European Commission established the MiCA cryptocurrency regulatory framework, opening up investments and delivering people with official entry. In addition to holding VASP licenses in Ireland, Italy and Spain, Kraken is also actively pursuing investigate in other nations in the area.

Kraken CEO David Ripley sees the Netherlands as a crucial marketplace due to its powerful economic climate, cryptocurrency adoption and culture of innovation.

“The acquisition of BCM will give Kraken a good position in the Dutch market. In the future, the company will create many useful products for BCM customers.”

As for BCM, the exchange’s co-founder and CEO also expressed self-assurance in Kraken, saying that its recent consumers will advantage from Kraken’s investment.

Founded in 2017, BCM (formerly Bitcoin Meester) is one particular of the oldest registered cryptocurrency brokers in the Netherlands. The platform features trading and staking providers for above 170 cryptocurrencies.

However, the over agreement should be authorized in accordance to the rules and consent of the Dutch Central Bank.

Additionally, Kraken also programs to broaden into the securities section from early up coming 12 months. The new Kraken Securities support will provide added trading of US stocks and ETFs.

Coinlive compiled