tl;dr
A leading US-based crypto exchange, Kraken, has acquired Dutch crypto broker Coin Meester B.V. (BCM) to strengthen its presence in Europe. This acquisition expands Kraken's footprint in the Netherlands and enhances its business with a registered Virtual Asset Service Provider (VASP) in France and Po...
US-based crypto exchange Kraken has strengthened its European presence through the acquisition of Dutch crypto broker Coin Meester B.V. (BCM). This move expands Kraken's Dutch footprint and enhances its business with a registered Virtual Asset Service Provider (VASP) in France and Poland. Kraken obtained VASP registration from the Dutch Central Bank, allowing for expansion into the Netherlands and beyond.
The exchange has accelerated its European growth ahead of the Markets in Crypto-Assets (MiCA) regulations. Kraken's European Managing Director views the BCM acquisition as a key milestone in their expansion, aiming to grow market share and provide superior client experiences.
Kraken, a leading US-based crypto exchange, has acquired Dutch crypto broker Coin Meester B.V. (BCM) to strengthen its presence in Europe. This acquisition expands Kraken's footprint in the Netherlands and enhances its business with a registered Virtual Asset Service Provider (VASP) in France and Poland. Kraken obtained its VASP registration from the Dutch Central Bank earlier this year, allowing it to expand its services into the Netherlands and other European countries.
According to Kraken, the exchange has its VASP registration in Germany, Spain, Italy, the Netherlands, Belgium, Ireland, France, and Poland. Kraken says it has accelerated European growth ahead of the implementation of Markets in Crypto-Assets (MiCA) regulations.
Says Kraken Managing Director of Europe Brian Gahan of the acquisition, "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."
More about General Dynamics Corporation
General Dynamics Corporation Summary General Dynamics Corporation
General Dynamics Corporation (GD) is an American aerospace and defense corporation. It is headquartered in Reston, Fairfax County, Virginia.
Industry Sector
Manufacturing, Ship & Boat Building & Repairing
Key Financial Data
Market Cap: $84.65 billion
Current Price: $24.01
Dividend Yield: 5.48%
Price to Earnings Ratio (P/E): 12.83
52-Week High: $164.48
52-Week Low: $78.90
Revenue: $44.946 billion
Net Income: $3.23 billion
Earnings Per Share (EPS): $2.07
Dividend Per Share: $0.18
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