Kraken’s Expansion Gains Momentum
Crypto News – Kraken, a prominent cryptocurrency exchange, has unveiled its strategic plan to acquire a Netherlands-based crypto exchange, aimed at solidifying its position in the European market.
Coin Meester B.V. (BCM), one of the longest-standing exchanges in the Netherlands, has been successfully operating for nearly six years.
Kraken’s Commitment to European Expansion
In a recent official statement, Kraken made the announcement, emphasizing its ongoing efforts to expand its operations into Europe.
David Ripley, highlighted the rapidly growing economy of the Netherlands and its prowess in innovation as the primary factors motivating their interest in this acquisition:
“The Netherlands possesses one of the world’s most advanced economies, boasting a well-established culture of innovation and a high level of crypto adoption. This deems it a pivotal market for us as we pursue our European expansion plans.”
Furthermore, Kraken underscored its recent regulatory milestones, securing approvals as a Virtual Asset Service Provider (VASP) in Ireland, Italy, and Spain. The exchange is optimistic about obtaining additional approvals across the continent in the near future.
Recent data from the World Economic Forum indicates that the Netherlands is tied for the 6th position among 50 European countries concerning the percentage of its population engaged in cryptocurrency investments.
1 Comment