Kraken
September 24, 2024
Kraken Unicorn News - September 24, 2024
Kraken has expanded its European operations by acquiring Coin Meester, a Dutch cryptocurrency broker. This strategic acquisition aims to strengthen Kraken's regulatory position in Europe, especially with upcoming EU regulations.
() Introduction
() Kraken Expands European Presence with Acquisition of Dutch Crypto Broker Coin Meester
Kraken has announced its acquisition of Coin Meester, a Dutch cryptocurrency broker, on September 24. This strategic move is designed to strengthen Kraken's market presence in the Netherlands and improve its regulatory compliance across Europe. By acquiring Coin Meester, Kraken aims to obtain virtual asset service provider licenses in France and Poland, which will be critical as the European Union's Markets in Crypto-Assets Regulation (MiCA) is set to be implemented this December. MiCA seeks to establish a regulated digital asset environment across EU member states, making this acquisition a significant step for Kraken in aligning with forthcoming regulatory standards.
Sources
1 https://cryptoslate.com/kraken-expands-european-foothold-with-dutch-crypto-broker-acquisition/
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