KRAKEN’S EUROPEAN EXPANSION CONTINUES WITH PURCHASE OF DUTCH CRYPTO EXCHANGE
- Leading centralized crypto exchange @Krakenfx has today announced the acquisition of a Netherlands-based exchange in Coin Meester B.V. (BCM).
- According to Kraken’s European Managing Director, Brian Gahan…
“The completion of the BCM acquisition is a key milestone in our European expansion, allowing us to leverage our strong footprint and market-leading position in euro volume and liquidity to significantly grow our market share in the years ahead”
- According to a release, BCM holds VASP licenses in The Netherlands, France and Poland.
- It describes BCM as “one of the Netherlands’ oldest and most respected registered crypto brokers”.
- Kraken adds that it is…
“now able to offer VASP services directly or through a partnership in Germany, Spain, Italy, the Netherlands, Belgium, Ireland, France and Poland”
Image: Kraken Blog Post
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Here are the spot deposits and withdrawls from crypto exchanges
Its pretty clear deposits are up huge and liquidity is coming back
This is generally a sign that the crypto market is turning bullish
$1 Billion in USDT deposited in the past 15 days is HUGE