SAN FRANCISCO, CA, October 10, 2023: Kraken, one of the world’s largest cryptocurrency exchanges, announced on October 5 that it had acquired Coin Meester B.V. (BCM), a Dutch crypto broker.
The deal, which is expected to close in the fourth quarter of 2023, is expected to give Kraken a foothold in the Dutch market and expand its reach in Europe.
BCM is one of the oldest and most respected crypto brokers in the Netherlands. It was founded in 2017 and offers a wide range of services, including buying, selling, and staking cryptocurrencies. BCM also provides educational resources and support to its customers.
Kraken CEO David Ripley said that the acquisition of BCM was part of the company’s strategy to expand its global reach and make cryptocurrencies more accessible to people around the world.1.
BCM CEO Mitchell Zandwijken said that the company was excited to join the Kraken family and to help Kraken expand its reach in Europe.1
The acquisition of BCM is the latest sign of Kraken’s growth and ambition. The company has been expanding rapidly in recent years, and it now has over 9 million customers in over 200 countries. Kraken is also one of the most regulated cryptocurrency exchanges in the world. 2
Kraken’s purchase of BCM highlights the growing interest of well-established firms in cryptocurrencies and bolsters Kraken’s position in the European market.
- Kraken: https://www.kraken.com/press/releases[↩][↩]
- Kraken: https://www.kraken.com/[↩]
