Kraken Expands its Footprint in European Countries

With the growing regulatory emphasis on virtual asset services, Kraken’s strengthened position through BCM will enhance its operations in the Netherlands and bolster its role as a registered Virtual Assets Service Provider (VASP) in other European countries, including France and Poland. For BCM clients, this acquisition brings new benefits. Over the next several months, BCM users will gain access to Kraken’s extensive suite of services.

This includes the ability to trade and invest in over 200 digital assets and a diverse portfolio designed to cater to various trading preferences. Kraken’s renowned 24/7 customer support will also be available to BCM clients in their local languages, enhancing the overall user experience by providing more tailored assistance.

As Kraken continues its expansion, its presence in the European crypto market will likely grow stronger. This deal highlights Kraken’s vision as a key player in the global cryptocurrency landscape.

Kraken Expands Custody Services to the UK and Australia

Kraken Takes Steps to Align Its Operation

Furthermore, the court made a key distinction regarding Kraken’s margin trading offerings in cryptocurrency. In response to the court’s ruling, Kraken Exchange has taken immediate steps to align its operations with the legal requirements. The exchange has moved to restrict margin trading in fiat currency for Australian clients. It has also limited such services only to wholesale investors or clients who meet specific criteria.