Kraken to acquire Dutch crypto broker in European expansion

Financial details about the deal were not made public

article-image

RaffMaster/Shutterstock modified by Blockworks

share

Kraken is acquiring Dutch company Coin Meester BV (BCM) as the crypto exchange continues to make a European push. 

BCM operates as a crypto broker in the Netherlands and was founded in 2017. 

Details about the deal were not made public, and completion of the deal is subject to closing conditions. 

In a statement about the acquisition, Kraken CEO David Ripley called the Netherlands a “key market” for Kraken. The crypto broker will give the exchange a “sizable position in the Dutch market.”

“The European market for crypto services is highly fragmented and we see significant opportunity for consolidation to strengthen our position in the region,” Ripley said. 

“We’ll continue to invest in the expansion of our European business and are well positioned to capitalize on the opportunity for further growth in the years ahead. We have a very compelling value proposition and look forward to serving even more clients across Europe.”

Kraken received an EU e-money institution license from the Central Bank of Ireland in late September. It also received Virtual Asset Service Provider (VASP) registration from the Bank of Spain.

“We see a firm foundation for crypto in Europe, which has forward-looking regulation that enables us to grow with confidence,” Curtis Ting, Kraken’s vice president of global operations, said at the time.

The European Union’s Markets in Crypto Assets (MiCa) regulatory framework is set to be fully incorporated next December, giving firms a bit of runway to become compliant under the new rules.

Kraken is also reportedly interested in expanding its business to stock trading, according to a September report from Bloomberg. 

Kraken is always exploring how it can power the global adoption of cryptocurrencies. While we can’t comment on rumors or speculation, we’re looking to broaden and enhance our offering so clients continue to have secure and seamless access to Kraken’s full product suite,” a spokesperson from Kraken told Blockworks at the time.


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Upcoming Events

Old Billingsgate

Mon - Wed, October 13 - 15, 2025

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Research

article-image

Firedancer begins delegating stake to Solana validators

article-image

A vote ending Monday could introduce a new layer of security for Ethereum’s largest liquid staking protocol

article-image

Framework’s Michael Anderson explains what tokens need in order to be successful

article-image

Conferences are pop-up innovation clusters—and filters for the riff-raff

article-image

Tariff front-running may have caused an artificial bounce in economic data earlier this year

article-image

Waka Flocka Flame-linked BaseDrop is raising some eyebrows