Sunday, May 18, 2025
No Result
View All Result
Coins League
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis
No Result
View All Result
Coins League
No Result
View All Result

Kraken Expanding In Europe Despite MiCA, To Acquire Dutch Broker

October 6, 2023
in Crypto Updates
Reading Time: 2 mins read
0 0
A A
0
Home Crypto Updates
Share on FacebookShare on TwitterShare on E Mail


Kraken, one of many world’s oldest crypto exchanges, is strengthening its presence in Europe and plans to purchase Coin Meester B.V. (BCM), a Dutch crypto dealer. In a press launch on October 5, Kraken stated the acquisition would give them a “sizable place within the Dutch market” and profit the dealer’s purchasers.

Kraken To Purchase BCM

BCM helps over 170 digital property and is without doubt one of the oldest brokers within the nation. By buying BCM, Kraken is asserting its dedication to increase throughout Europe. The alternate plans to increase its product line, improve liquidity, and enhance safety for a broader consumer base.

Kraken CEO David Ripley stated:

The Netherlands has one of many world’s most superior economies, with a well-established tradition of innovation and a excessive stage of crypto adoption. This makes it a key marketplace for us in our European growth plans. The acquisition of BCM will give Kraken a large place within the Dutch market. It should enable BCM’s purchasers to learn from an much more sturdy product providing.

Kraken stated they’re buoyed by the European Fee’s introduction of the Markets in Crypto-Belongings (MiCA) regulatory framework. MiCA seeks to deliver complete crypto regulation to the European Union (EU).

These guidelines goal to standardize the regulatory setting for numerous crypto property, together with fungible property like Ethereum (ETH) or Bitcoin (BTC) and non-fungible tokens (NFTs).

Bitcoin value on October 5| Supply: BTCUSDT on Binance, TradingView

MiCA Guidelines To Defend Buyers, Exchanges Adjusting

Nonetheless, the European Union has claimed that MiCA’s main goal is to guard shoppers and buyers by mitigating dangers related to crypto, together with hacks and rug pulls whereas selling monetary stability and market integrity.

By establishing clear guidelines and necessities for crypto companies and market members, MiCA goals to “stage the enjoying discipline,” even fostering innovation. MiCA took impact on June 1, 2023. Its full implementation will probably be in 2024. 

On account of these developments, crypto companies and exchanges, equivalent to Binance France, are intently watching MiCA’s implementation. In late August, Binance France stated the Autorité des Marchés Financiers (AMF) license introduced “a possibility to adapt to regulatory challenges and capitalize on alternatives inside the European market.”

In Europe, Kraken has already obtained an Digital Cash Establishment license from the Central Financial institution of Eire and a digital asset service supplier (VASP) registration from the Financial institution of Spain. With the Irish license, Kraken can provide euro-to-crypto buying and selling companies within the EU.

Function picture from Canva, chart from TradingView



Source link

Tags: AcquireBrokerDutchEuropeExpandingKrakenMiCA
Previous Post

SBF Trial Day 3 – Former FTX CTO claims SBF granted Alameda Research ‘special privileges’ during witness testimony

Next Post

Metaverse Market Report: Key Trends & Growth Projections

Related Posts

Bitcoin Price Watch: Market Hovers Below $104K as Traders Eye Breakout
Crypto Updates

Bitcoin Price Watch: Market Hovers Below $104K as Traders Eye Breakout

May 18, 2025
Bitcoin STH Unrealized Profits Reach 21% – Is There Room To Grow?
Crypto Updates

Bitcoin STH Unrealized Profits Reach 21% – Is There Room To Grow?

May 18, 2025
Bitcoin Mining Stocks Continue Rally as Applied Digital Leads Friday’s Gains
Crypto Updates

Bitcoin Mining Stocks Continue Rally as Applied Digital Leads Friday’s Gains

May 17, 2025
Bitcoin Prepares For Volatility As Key Moving Averages Converge – Analyst
Crypto Updates

Bitcoin Prepares For Volatility As Key Moving Averages Converge – Analyst

May 17, 2025
Webull Pay Taps Coinbase for Crypto Trading, Custody Infrastructure
Crypto Updates

Webull Pay Taps Coinbase for Crypto Trading, Custody Infrastructure

May 16, 2025
Historic Bitcoin Rule For Identifying Cycle Tops In Jeopardy – Here’s Why
Crypto Updates

Historic Bitcoin Rule For Identifying Cycle Tops In Jeopardy – Here’s Why

May 16, 2025
Next Post
Metaverse Market Report: Key Trends & Growth Projections

Metaverse Market Report: Key Trends & Growth Projections

Bitcoin Price Is Showing Early Signs of Fresh Drop, $27,200 Is The Key

Bitcoin Price Is Showing Early Signs of Fresh Drop, $27,200 Is The Key

Ethereum Price At Risk of Sharp Decline Unless ETH Clears This Heavy Resistance

Ethereum Price At Risk of Sharp Decline Unless ETH Clears This Heavy Resistance

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Twitter Instagram LinkedIn RSS Telegram
Coins League

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Coins League

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITEMAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • Crypto Updates
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • DeFi
  • Metaverse
  • Web3
  • Scam Alert
  • Regulations
  • Analysis

Copyright © 2023 Coins League.
Coins League is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In