BCM joins forces with world-leading crypto platform Kraken

October 4, 2023

BCM joins forces with world-leading crypto platform Kraken

In an exhilarating move for the Dutch cryptocurrency landscape, we are pleased to announce an agreement with Kraken, one of the world’s leading crypto platforms, for the acquisition of BCM (Coin Meester B.V.), one of the leading crypto brokers in the Netherlands. This acquisition signifies a strategic step for Kraken, accentuating its commitment to expanding its European presence.

BCM: Navigating the Dutch Crypto Frontier

Founded in 2017, BCM has swiftly risen to prominence as a premier Dutch crypto broker. BCM is a registered Dutch crypto service provider with the Dutch Central bank (DNB) and provides services to buy, sell and stake crypto, with access to over 170 cryptocurrencies and strong local funding rails. With this acquisition, Kraken aims to strengthen its position in the Dutch market, while creating a solid foundation for future growth through continuous investment and innovation.

The combination

For Kraken, renowned for its comprehensive product offering, market-leading liquidity, superior security standards, and round-the-clock client support, this acquisition is more than just a business transaction. It's a recognition of BCM's strong footprint in the Netherlands and profound local market expertise, as well as BCM's commitment to transparency and dedication to the local crypto community. The two parties coming together aim to redefine the crypto experience for Dutch users.

Kraken's European Vision

The Dutch market, known for its advanced economy, culture of innovation, and impressive crypto adoption rates, represents an important part of Kraken's European expansion strategy. This move follows closely on the heels of the European Commission's recent introduction of the Markets in Crypto-Assets <br>

(MiCA) regulatory framework. Such initiatives have encouraged industry giants like Kraken to bolster their European operations with confidence.

What this means for BCM clients?

If you're a BCM customer, there will be no immediate changes to your current experience. The proposed acquisition is still subject to receiving the required regulatory approvals, including from the Dutch Central Banks (DNB). Stay with us as we navigate this exciting chapter, and thank you for your unwavering support and trust.