Leading digital asset exchange, Kraken, has completed its purchase of Coin Meester BV (BCM) on 24 September 2024.
Coin Meester is known as one of the oldest registered crypto brokers in the Netherlands.
With This Deal, Kraken Can Now Offer VASP Services In 8 European Countries
We’re happy to share the close of the BCM acquisition! The deal significantly boosts our Dutch footprint and gives us registered operations in France and Poland. Read more here ⬇️ https://t.co/GoCIWEqrbD
— Kraken Exchange (@krakenfx) September 24, 2024
The acquisition continues the US-based exchange’s push into the European market.
The firm’s position is further strengthened as the Netherlands marks another country where Kraken is registered as a Virtual Asset Service Provider (VASP).
Following this deal, Kraken can now offer VASP services directly or through a partnership in Germany, Spain, Italy, Belgium, Ireland, France, Poland and now the Netherlands.
This marks a new milestone for Kraken’s expansion European expansion. The firm have been making inroads over the past two years ahead of implementing the Markets in Crypto-Assets Regulation (MiCA).
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Expanding In Europe: Key Milestone
Great move by Kraken! This will boost their European presence significantly! 🇳🇱🚀
— krapsCoin (@KrabsCoinX) September 24, 2024
To announce the acquisition, Kraken’s managing director of Europe, Brian Gahan, wrote in a blog post that the deal signifies a “key milestone” in Kraken’s efforts to expand in Europe.
“We are one of the very few in Europe that can combine global scale with a compliant offering and a superior client experience,” Gahan said. “Our clients stand to benefit as we empower them with the premium trading and investing experiences needed to unlock crypto’s full potential.”
Kraken’s post goes on to say that over the coming months, BCM clients will start to benefit from Kraken’s extensive product offering. Its clients will gain access to more than 200 digital assets, market-leading liquidity, superior security standards and 24/7/365 live, local-language client support.
BONUS: Flockerz (FLOCK) Presale Raises More Than $250,000 Within Hours Of Going Live
The FLOCK presale is making waves in the meme coin sector, having raised an insane $250,000 in its short time being live. Investors are eager to get in early, due to the teams generous staking APY and presale offers for early backers.
The aforementioned APY for staking your FLOCK is a simply ridiculous 10,800%. With staking rewards that juicy on offer, its no wonder Flockerz is taking the internet by storm.
There are less than 24-hours to secure FLOCK at these prices. FLOCK is currently selling for $0.0056109 but once the timer runs out, the next price stage will begin. This means that anyone who buys this early will immediately be in profit as the presale moves through multiple price stages.
Flockerz has already undergone multiple security audits by industry leaders such as Coinsult and SolidProof. Presale projects are notorious for suffering security breaches and scams. For a project that’s just starting out, audits are a critical step in building trust with the community.
The meme coin space is becoming stale and market participants are crying out for the next big meme. Flockerz is looking primed to be just that.
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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