The Launch of Kraken in Belgium
As part of its commitment to strengthening its presence in Europe, the U.S.-based crypto exchange Kraken has announced the launch of its services in Belgium through its EU subsidiary. This move follows the registration of its services under the Virtual Asset Service Provider (VASP) regimes in Ireland, Spain, and Italy.
Brian Gahan, managing director at Kraken Europe, emphasized the exchange’s desire to educate more Belgians about the transformative impact of crypto asset technology. Kraken aims to provide a compliant trading experience with robust security protocols and a leading position in liquidity and volume for EUR crypto pairs.
Kraken’s Expansion in Europe
Kraken’s entry into Belgium comes on the heels of its plans to acquire Coin Meester B.V. (BCM), a prominent crypto broker in the Netherlands. This strategic move is part of Kraken’s broader strategy to expand its business in Europe, leveraging BCM’s established presence as one of the Netherlands’ oldest licensed crypto brokers.
Hot Take: Kraken’s Strategic Expansion in Europe
Kraken’s decision to launch in Belgium and acquire BCM reflects its strong commitment to expanding its European footprint. By strategically entering key markets and leveraging established entities, Kraken is poised to strengthen its position as a leading crypto exchange in Europe.
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