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Why is BCM being acquired by Kraken? What led to this decision?

The proposed acquisition of BCM by Kraken is a strategic decision based on several factors: 

  • Market leadership and growth: Kraken, as one of the world’s leading crypto platforms, is committed to growing its business in Europe. BCM's robust presence in the Dutch market makes it an attractive partner for this growth strategy. 
  • Local Market Expertise: BCM has deep knowledge and experience with the Dutch crypto landscape. The acquisition underscores the trust and value placed in BCM's strong footprint in the Netherlands and profound local market expertise. 
  • Mutual Enhancement: By coming together, we can combine the advantages of both platforms for the benefit of our customers.
  • Future opportunities: The crypto industry is dynamic and rapidly evolving. By joining forces, BCM and Kraken can better address future opportunities, introduce innovations, and offer customers an even better experience. 
  • Customer interests: BCM and Kraken have in common that we put our customers interests first. We believe our cooperation will result in a more comprehensive product range, more efficient service and a more competitive offering for customers.

Please note that at this moment, nothing changes for BCM customers as the acquisition is still subject to receiving the required regulatory approvals, including from the Dutch Central Bank (DNB).