Kraken is thrilled to announce our deliberate acquisition of Coin Meester B.V. (BCM) within the Netherlands. The deal highlights our dedication to rising our enterprise in Europe by leveraging our robust monetary place and extremely aggressive product providing.

Based in 2017, BCM is likely one of the Netherlands oldest and most revered registered crypto brokers. The corporate gives providers to purchase, promote and stake crypto, together with entry to over 170 cryptocurrencies and robust native funding rails.

The proposed acquisition will allow us to strengthen our presence within the Netherlands and permit BCM’s shoppers to profit from our intensive product providing, market-leading liquidity, superior safety requirements and 24/7/365 stay consumer assist.

“The Netherlands has one of many world’s most superior economies, with a effectively established tradition of innovation and a excessive stage of crypto adoption. This makes it a key marketplace for us in our European enlargement plans,” mentioned Kraken CEO David Ripley. “The acquisition of BCM will give Kraken a large place within the Dutch market and can permit BCM’s shoppers to profit from an much more sturdy product providing.”

BCM Co-founder and CEO Mitchell Zandwijken mentioned, “We based BCM as a result of we needed to make crypto accessible to everybody. Kraken is the pioneer on this subject with a monitor report spanning effectively over a decade, making it the right steward of our enterprise going ahead. Our shoppers will profit from all that crypto has to supply by way of Kraken’s steady funding and innovation.”

Our choice to speed up European progress plans follows the European Fee’s institution of Markets in Crypto-Belongings (MiCA) regulatory framework, which permits business gamers to confidently put money into the area and supply customers entry to extra aggressive services and products.

We’re dedicated to rising our enterprise in compliance with European laws; along with our VASP licenses in Eire, Italy and Spain, we’re actively pursuing registrations in different European markets.

Completion of the proposed acquisition is topic to customary closing circumstances, together with acquiring the required regulatory approvals. Monetary particulars of the transaction weren’t disclosed.