Kraken, one of the world’s largest crypto exchanges, announced the acquisition of Dutch exchange BCM today. The two have been working together for the past few months, and the acquisition will solidify the partnership, allowing Kraken to expand its services into the Dutch market.
Kraken CEO Jesse Powell said in a statement, “This acquisition is the next step in our mission to create the most secure, compliant and customer-friendly digital asset exchange in the world. BCM has shown tremendous growth since its launch and we look forward to building on its success in the Netherlands.”
BCM is a digital asset exchange based in the Netherlands and has been in operation since 2012. It is one of the few exchanges in the country that has been able to obtain an exchange license from the Dutch Central Bank, and has been operating as a fully compliant exchange since 2017.
The acquisition of BCM will allow Kraken to expand its services into the Netherlands. Through Kraken’s increased presence in the Netherlands, it will be able to offer its services to a larger community and provide more support and liquidity to the Dutch market.
Kraken has been rapidly expanding its services in the past year, and this acquisition is yet another step in the company’s ambitious growth plans. Kraken has recently opened offices in London and Singapore, and has launched its own fiat-to-crypto trading platform.
The acquisition of BCM is a strategic move for Kraken. It will help the company increase its presence in the Dutch market and provide more liquidity and support to its customers.
The exact details of the acquisition were not disclosed, nor was the amount of money involved. However, Kraken has stated that BCM will remain in operation as a separate entity, and that its team will remain intact.
Kraken’s acquisition of BCM is yet another example of the company’s commitment to the crypto industry. With the addition of BCM, Kraken is continuing to grow and expand its services, and its presence in the Dutch market. This acquisition will be beneficial to both Kraken and BCM, and will help to further solidify Kraken’s presence as one of the world’s leading crypto exchanges.