{"id":60995,"date":"2023-10-06T09:32:41","date_gmt":"2023-10-06T13:32:41","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=60995"},"modified":"2023-10-06T09:33:44","modified_gmt":"2023-10-06T13:33:44","slug":"kraken-eyes-dutch-market-set-to-acquire-bcm-exchange","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/kraken-eyes-dutch-market-set-to-acquire-bcm-exchange\/","title":{"rendered":"Kraken Eyes Dutch Market Set to Acquire BCM Exchange"},"content":{"rendered":"\n

Kraken has announced an agreement to purchase Coin Meester B.V. (BCM), a cryptocurrency exchange<\/a> based in the Netherlands.<\/p>\n\n\n\n

\"Kraken
Kraken Eyes Dutch Market Set to Acquire BCM Exchange<\/figcaption><\/figure>\n\n\n\n

Kraken and BCM announced the impending acquisition after the European Union implemented its Markets in Crypto-Assets (MiCA) legal framework, while financial specifics of the deal have yet to be made public.<\/p>\n\n\n\n

With acquiring virtual asset service provider <\/a>(VASP) licenses to operate in Ireland, Italy, and Spain, Kraken's announcement underscores its aspirations to expand its business across Europe.<\/p>\n\n\n\n

According to a statement from Kraken CEO David Ripley\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, the Netherlands' robust economy, high use of cryptocurrencies, and innovative culture are key factors in the company's decision to locate there.<\/p>\n\n\n\n

\n

“The acquisition of BCM will give Kraken a sizable position in the Dutch market and will allow BCM's clients to benefit from an even more robust product offering.”<\/p>\n<\/blockquote>\n\n\n\n

The investments made by Kraken and the developments anticipated as a result of the acquisition, according to BCM co-founder and CEO Mitchell Zandwijken, will benefit the company's current clientele. The company said:<\/p>\n\n\n\n

\n

“Kraken is the pioneer in this field with a record spanning well over a decade, making it the perfect steward of our business going forward.”<\/p>\n<\/blockquote>\n\n\n\n

BCM, which just changed its name from Bitcoin Meester, was founded in 2017 and provides access to over 170 cryptocurrencies and services for trading and staking them.<\/p>\n\n\n\n

The business is registered as a Dutch cryptocurrency service provider<\/a> with De Nederlandsche Bank, the nation's central bank. Both businesses state that the transaction is pending regulatory approval, which includes the Dutch central bank's permission.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kraken has announced an agreement to purchase Coin Meester B.V. (BCM), a cryptocurrency exchange based in the Netherlands. Kraken and BCM announced the impending acquisition after the European Union implemented its Markets in Crypto-Assets (MiCA) legal framework, while financial specifics of the deal have yet to be made public. With acquiring virtual asset service provider […]<\/p>\n","protected":false},"author":43,"featured_media":60997,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11407],"tags":[16666,16667,1671],"class_list":["post-60995","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency-exchange","tag-bcm","tag-dutch-market","tag-kraken"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/10\/croc_1696594896133.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/60995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=60995"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/60995\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/60997"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=60995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=60995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=60995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}