Kraken, a leading global digital asset exchange, announced today the successful completion of its acquisition of Blockchain Capital Markets (BCM), a prominent European cryptocurrency brokerage firm. This strategic move strengthens Kraken’s position in the European market and aligns with its ongoing commitment to providing exceptional services to clients worldwide.
The acquisition of BCM brings a wealth of expertise and a strong European customer base to Kraken. BCM’s established relationships with institutional investors and high-net-worth individuals will significantly expand Kraken’s reach in the region. Additionally, BCM’s team of experienced professionals will complement Kraken’s existing talent pool, further enhancing its ability to deliver innovative products and services.
“We are thrilled to welcome BCM to the Kraken family,” said Jesse Powell, CEO of Kraken. “This acquisition marks a significant milestone in our growth strategy and reinforces our dedication to providing a seamless and secure trading experience for our clients. By combining our strengths, we can offer even more comprehensive solutions to meet the evolving needs of the European market.”
The completion of the acquisition will see BCM’s operations seamlessly integrated into Kraken’s platform. This integration will provide clients with access to a wider range of digital assets, advanced trading tools, and enhanced security features. Kraken’s commitment to regulatory compliance and best practices will ensure a safe and transparent environment for all users.
As part of the acquisition, Kraken will continue to invest in growing its European operations. This includes expanding its team, enhancing its product offerings, and strengthening its partnerships with local financial institutions. By doing so, Kraken aims to become the preferred choice for digital asset trading in Europe.
The acquisition of BCM is a testament to Kraken’s ongoing success and its ability to adapt to the dynamic landscape of the digital asset industry. With a strong foothold in Europe and a global network, Kraken is well-positioned to capitalize on future opportunities and drive the adoption of digital assets.
