HomeNEWSKraken completes acquisition of popular crypto broker Meester

Kraken completes acquisition of popular crypto broker Meester

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As part of its efforts to solidify its market position and expand its service delivery in Europe, Kraken, a leading digital asset exchange has acquired a popular crypto broker Coin Meester B.V. (BCM). Described as one of the oldest and most revered registered brokers in the Netherlands, Kraken says its acquisition of BCM will strengthen its Dutch footprint and enhance its relationship with a Virtual Asset Service Provider (VASP) in France and Poland.

Kraken reflected on how it has been accelerating its expansion in the European market ahead of the full implementation of the Markets in Crypto-Assets Regulation (MiCA). The exchange says it can now provide virtual asset services in compliance with regulatory guidelines either directly or through its collaboration in European countries like Germany, Spain, Italy, the Netherlands, Belgium, Ireland, France, and Poland.

According to Kraken, the European market appears highly fragmented, with the rising competition expected to drive consolidation in the coming years. The global exchange also affirms its commitment to growing its market share by capitalizing on its industry-leading product suite and collaborations with top brands.

Kraken to strengthen grow its market position wit BCM acquisition – Gahan

Meanwhile, the managing director of Kraken in Europe, Brian Gahan also shared more insights into the importance of the acquisition. Describing it as a key milestone in the exchange’s European expansion, Gahan believes BCM’s acquisition will allow Kraken to use its expertise as an industry leader and robust footprint to grow its market position in the coming years.

Furthermore, Gahan noted that Kraken remains one of the few in Europe with a superior customer experience. As such, he believes the exchange can combine its market-leading position with its liquidity and compliant services to transform the crypto market in Europe. With that, the exec believes Kraken users will be able to enjoy unparalleled trading experiences necessary to unlock the full potential of cryptocurrencies.

That being said, BCM users will also benefit from Kraken’s extensive product offerings. First, they will get access to over 200 crypto assets, allowing them to keep a diversified portfolio. More so, BCM users stand to also benefit from Kraken’s industry-leading liquidity and optimal security system.

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Dare Ibitoye
Dare Ibitoye
Over the years, Dare has been a committed reporter in the field of cryptocurrencies. He is also interested in researching about the innovative projects within the blockchain space. During his spare time, Dare loves to listen to music and read about technological trends in the contemporary world

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