In the coming months, BCM clients will gain access to Kraken's extensive range of products, including over 200 cryptocurrencies and 24/7 customer support in local languages.

This strategic move enables Kraken to offer VASP services directly or through partnerships across multiple European countries.

Kraken aims to provide clients with a superior trading and investing experience, leveraging its global scale and compliant offerings.

Kraken has been actively expanding its operations across Europe, establishing a presence in several countries including Germany, Spain, Italy, the Netherlands, France, Ireland, and Poland.

With BCM being a regulated virtual asset service provider in both France and Poland, Kraken can now operate more effectively in these markets.

The acquisition enhances Kraken's operations as a registered Virtual Asset Service Provider (VASP) in the Netherlands, France, and Poland.

As part of this expansion, Kraken has successfully acquired Coin Meester B.V. (BCM), one of the oldest registered crypto brokers in the Netherlands.

This acquisition, completed in February 2024, allows Kraken to enhance its services and solidify its market position in the region.

Overall, users will benefit from Kraken's liquidity, security, and enhanced customer support as the company strengthens its foothold in the European market.

Brian Grahan, Kraken's Managing Director in Europe, described the acquisition as a key milestone in the company's European expansion strategy.

The timing of the acquisition aligns with the upcoming full implementation of the EU's Markets in Crypto-Assets Regulation (MiCA), which is set to take effect in December 2024.

Partial compliance with MiCA began on June 30, 2024, with full compliance required by the end of the year, creating a regulated environment for digital assets.