Kraken to Acquire Netherlands-Based BCM to Expand Crypto Business in Europe.
MANews-(C)2009-2023
US-based crypto platform Kraken has agreed to acquire Netherlands-based crypto broker Coin Meester B.V. (BCM) to leverage its financial position and product offering in Europe, the company said.
Financial details of the transaction weren't disclosed.
BCM provides services to buy, sell and stake crypto, including access to over 170 cryptocurrencies and strong local funding rails.
The proposed acquisition will enable Kraken to strengthen its presence in the Netherlands and allow BCM's clients to benefit from Kraken's extensive product offering liquidity, superior security standards and 24/7/365 live client support.
Kraken's decision to accelerate European growth plans follows the European...
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