Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Kraken expands European footprint with acquisition of Dutch crypto broker BCM

Kraken expands European footprint with acquisition of Dutch crypto broker BCM

The BlockThe Block2024/09/23 16:00
By:The Block

Quick Take Kraken completed its acquisition of Dutch crypto broker Coin Meester B.V. (BCM). The move is part Kraken’s expansion efforts into the European market.

Kraken completed its acquisition of Coin Meester B.V. (BCM), one of the oldest registered crypto brokers in the Netherlands. 

The acquisition aims to expand the US-based exchange’s presence in the Netherlands and strengthen its operations as a registered Virtual Asset Service Provider (VASP) in France and Poland.

Kraken has accelerated its expansion in Europe over the past two years ahead of implementing the Markets in Crypto-Assets Regulation (MiCA). In a blog post, Kraken's Managing Director in Europe, Brian Gahan, wrote that the acquisition signifies a “key milestone” in Kraken’s efforts to expand in Europe.  

Following the acquisition, Kraken can now offer VASP services directly or through a partnership in Germany, Spain, Italy, the Netherlands, Belgium, Ireland, France and Poland. 

“We are one of the very few in Europe that can combine global scale with a compliant offering and a superior client experience. Our clients stand to benefit as we empower them with the premium trading and investing experiences needed to unlock crypto’s full potential,” Gahan added.

Over the next few months, BCM clients will begin to have access to Kraken’s range of products, including over 200 digital products and 24/7 customer support in local languages. On June 30, MiCA became partially applicable for crypto asset service providers and their KYC/AML requirements, while full compliance with the bloc's new regulatory framework will be required by December 2024.


0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!

Bitget Announcement2025/09/12 07:46

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

New spot margin trading pair — LINEA/USDT!

Bitget Announcement2025/09/11 10:04