United States-based crypto exchange Kraken is set to acquire Netherlands-based platform BCM to facilitate future expansion across European markets.
a pending deal to acquire Netherlands-based cryptocurrency exchange Coin Meester B.V. as it sets its sights on European expansion.
The announcement from Kraken highlights its plans to grow its business across Europe, having acquired virtual asset service provider licenses to operate in Ireland, Italy and Spain. “The acquisition of BCM will give Kraken a sizable position in the Dutch market and will allow BCM’s clients to benefit from an even more robust product offering.”
“Kraken is the pioneer in this field with a track record spanning well over a decade, making it the perfect steward of our business going forward.”
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