Kraken, a California based major cryptocurrency exchange has acquired BCM to expand its business to Europe. Coin Meester B.V. (BCM), is a respected crypto broker in the Netherlands launched in 2017. This will help the crypto exchange to expand its wings in Europe and in return the BCM will get exposure to Kraken services.
BCM’s clients will now have access to over 200 digital assets, including the best security and round-the-clock support from the exchange. According to the CEO of the crypto exchange, David Ripley, called the Netherlands a key market for the company’s growth in Europe. He’s excited to bring Kraken’s services to a bigger audience through BCM.
What This Means for Europe
Kraken isn’t stopping with just the Netherlands. They’re gearing up for the new crypto rules in Europe, known as MiCA, which will make the market even more competitive. It already has licenses in countries like France, Ireland, and Poland. This acquisition strengthens their position even more.
Brian Gahan, the head of Kraken in Europe claimed this deal a big milestone as he believes the strong presence of their crypto exchange will get stronger in the future.
Big Benefits for BCM Clients
This is also a big win for BCM clients as they get to enjoy the full services offered by Kraken. They will get exposure to the full product range of the crypto exchange. They will enjoy better liquidity, user friendly trading platform, over 200+ crypto assets. The best part? They will enjoy 24Ă—7 customer support in their native language.
BCM co-founder, Mitchell Zandwijken, shared his excitement. He said that Kraken’s innovation will give their users the best crypto experience possible.
Kraken’s Future Plans
Kraken is moving quickly across Europe. This deal with BCM is just one part of a bigger plan. As new rules come into play, the exchange is ready to take the lead. BCM’s users can look forward to more features, and Kraken’s growth isn’t slowing down anytime soon.
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