Close Menu
AlexaBlockchain
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
Facebook X (Twitter) Instagram
Friday, June 20
  • Advertise
  • Crypto PR
  • Partner
  • Submit Press Release
  • Contact Us
X (Twitter) Facebook LinkedIn Instagram
AlexaBlockchain
Banner
  • News
  • Press Releases
    • Submit Press Release
  • Adoption
  • Funding
  • Interview
  • Policy
  • Explained
    • Bitcoin Halving 2024: Will it Trigger the Next Bull Run?
    • Everything You Wanted to Know About Bitcoin But Were Too Afraid To Ask
    • Cryptocurrency: what makes it so popular?
    • Top Five Crypto Scams And How To Avoid Them
    • Cloud Mining Explained
    • What are NFTs?
    • What is a Web3 Browser?
    • How To Build High Quality Crypto Backlinks
  • About
  • Advertise
  • Trending
    • #BitcoinHalving
    • #CloudMining
    • #Web3.0
    • #Metaverse
    • #NFTs
    • #PlayToEarn
    • #DeFi
    • #BlockchainTechnology
    • #Bitcoin
    • #Cryptocurrency
    • #DigitalAssets
AlexaBlockchain
You are at:Home » Kraken To Boost European Footprint with BCM Acquisition
News

Kraken To Boost European Footprint with BCM Acquisition

CEO David Ripley highlighted the Netherlands as a crucial market for Kraken's European expansion due to its advanced economy, culture of innovation, and high crypto adoption rates.
Rakhi ShahBy Rakhi ShahOctober 5, 2023Updated:October 5, 2023No Comments2 Mins Read
Twitter Facebook LinkedIn Reddit Email WhatsApp
Kraken To Boost European Footprint with BCM Acquisition
Kraken To Boost European Footprint with BCM Acquisition
Share
Twitter Facebook LinkedIn Pinterest Reddit Telegram Email WhatsApp

Crypto exchange Kraken today unveiled its plans to acquire Coin Meester B.V. (BCM), a prominent crypto broker in the Netherlands, showcasing Kraken’s dedication to expanding its European business using its strong financial position and competitive product offerings.

Founded in 2017, BCM (formerly Bitcoin Meester) is a registered crypto broker in the Netherlands, offering services for buying, selling, and staking over 170 cryptocurrencies with robust local funding rails.

This acquisition will bolster Kraken’s presence in the Netherlands and allow BCM’s clients to access Kraken’s extensive product range, superior security standards, market-leading liquidity, and round-the-clock customer support.

CEO David Ripley highlighted the Netherlands as a crucial market for Kraken’s European expansion due to its advanced economy, culture of innovation, and high crypto adoption rates.

By acquiring BCM, Kraken aims to establish a substantial foothold in the Dutch market and offer BCM’s clients an enhanced product lineup.

BCM’s Co-founder and CEO, Mitchell Zandwijken, emphasized their mission to make crypto accessible to everyone and expressed confidence in Kraken’s ability to further this vision through continuous investment and innovation.

Kraken’s decision to accelerate its growth plans in Europe aligns with the European Commission’s establishment of the Markets in Crypto-Assets (MiCA) regulatory framework, providing a conducive environment for investment and consumer access to competitive crypto products and services in the region.

Kraken aims to grow its business in compliance with European regulations, evident from its VASP registrations in several European countries.

The European crypto services market being fragmented presents a consolidation opportunity, and Kraken plans to invest in expanding its European business to capitalize on growth prospects.

Over the years, Kraken has expanded its product suite and recently launched a NFT marketplace, a new Kraken Pro trading interface, and an improved consumer web experience, aligning with its strategy to be a bridge to exciting areas of crypto.

The completion of this acquisition is contingent on customary closing conditions and obtaining the necessary regulatory approvals, with financial specifics of the transaction undisclosed.

Read Also: Non-custodial Crypto Lender Cicada Partners Buzzes Forward with $9.7M Funding Boost

Blockchain M&A Crypto Cryptocurrency Exchange Kraken Netherlands
Share. Twitter Facebook LinkedIn Reddit Pinterest Tumblr Telegram Email WhatsApp
Rakhi Shah
  • Website

R Shah is a journalist and writer based out of Delhi, India. She is an Economics graduate from Delhi University. She can be reached at R.Shah@alexablockchain.com.

More AlexaBlockchain

Arab Bank Switzerland Launches First Bitcoin Yield Product for Wealthy Clients with XBTO Partnership

June 19, 2025

The RARI Foundation Just Proved NFTs Are Evolving—Not Fading

June 18, 2025

LERN360.ai Launches Seed Round to Build the “Coursera of On-Chain Learning”

June 17, 2025

Tristan Thompson Joins AxonDAO as Board Member and Partner

June 17, 2025

Human Passport Brings Privacy-First Sybil Resistance to Base

June 13, 2025

SynFutures Launches Builder Program to Expand Modular DeFi Ecosystem

June 11, 2025
Add A Comment

Comments are closed.

Don't Miss

Arab Bank Switzerland Launches First Bitcoin Yield Product for Wealthy Clients with XBTO Partnership

The RARI Foundation Just Proved NFTs Are Evolving—Not Fading

LERN360.ai Launches Seed Round to Build the “Coursera of On-Chain Learning”

Tristan Thompson Joins AxonDAO as Board Member and Partner

Trending Topics
  • Blockchain News
  • Blockchain Technology
  • Blockchain Platforms
  • Blockchain Regulation
  • Bitcoin News
  • Ethereum News
  • Ripple News
  • Tezos News
  • CBDC
  • NFTs
Featured Companies
  • Binance
  • Tech Mahindra
  • Huobi
  • Efforce
  • Future FinTech Group
  • SuburbanColors
  • Launchpool Labs
  • Lucky Crab Club
  • SIMBA Chain
  • Bulldog Law
Stay Updated
  • Events
  • Newsletters
  • Follow
  • Follow on Google News
  • Blockchain Directory
Get In Touch
  • Crypto PR
  • Advertise
  • Partner
  • About
  • Masthead
  • Careers
  • Write for Us
  • Submit Press Release
  • Submit Guest Post
  • Contact US
Copyright © 2025. AlexaBlockchain
  • About
  • Advertise
  • Crypto PR
  • Submit Press Release
  • Write for Us
  • Careers
  • Privacy Policy
  • Affiliate Disclosure
  • Disclaimer
  • Contact

Type above and press Enter to search. Press Esc to cancel.