The U.S.-based crypto exchange Kraken is launching its offerings in Belgium utilizing its EU subsidiary.
Crypto exchange Kraken opens its doors to Belgium as part of its commitment to double down on its European presence.
In a blog post on Nov. 7, the San Francisco-based crypto exchange said the move was made after the company had registered its services under the Virtual Asset Service Provider (VASP) regimes in Ireland, Spain, and Italy.
Brian Gahan, managing director at Kraken Europe, said the exchange wants to educate more Belgians “about the transformative impact of crypto asset technology.”
“We believe in offering a compliant trading experience powered by our industry-leading client service, robust security protocols and market-leading position in liquidity and volume for EUR crypto pairs.”
Brian Gahan, managing director at Kraken Europe
Kraken’s European expansion
Kraken’s landmark in Belgium comes a month after the exchange announced plans to acquire Coin Meester B.V. (BCM), a crypto broker in the Netherlands.
The primary goal is to expand Kraken’s business in Europe, as BCM is one of the Netherlands’ oldest licensed crypto brokers. With this acquisition, it is expected that Kraken will be able to enter the crypto market in the Netherlands, which is a crucial step toward its expansion in Europe.