Kraken, an American cryptocurrency exchange, is using its EU subsidiary to introduce its products in Belgium.
Crypto exchange Kraken opens its doors to Belgium as part of its commitment to double down on its European presence. The San Francisco-based cryptocurrency exchange announced the change in a blog post on November 7.
It claimed the action was taken after the business registered its services under the Virtual Asset Service Provider (VASP) regimes in Italy, Spain, and Ireland.
The exchange hopes to teach more Belgians “about the transformative impact of crypto asset technology,” according to Brian Gahan, managing director of Kraken Europe. Kraken Europe’s managing director, Brian Gahan stated:
“We believe in offering a compliant trading experience powered by our industry-leading client service, robust security protocols and market-leading position in liquidity and volume for EUR crypto pairs.”
A month after the exchange declared its intention to purchase Coin Meester B.V. (BCM), a cryptocurrency broker in the Netherlands, Kraken achieved a significant milestone in Belgium.
Given that BCM is one of the oldest regulated cryptocurrency brokers in the Netherlands, the main objective is to grow Kraken’s clientele throughout Europe.
With this acquisition, Kraken’s anticipated entry into the Dutch cryptocurrency industry is a critical milestone in the company’s European expansion.
