Kraken’s European strategy advances as company secures Dutch license

Kraken has secured a license in the Netherlands, allowing the crypto exchange to offer services in the country, the company announced on Thursday.

The company received notification that it had obtained a virtual asset service provider (VASP) registration from the Dutch Central Bank (DNB), it said in a blog post. The announcement follows Kraken’s acquisition of the Dutch crypto broker BCM last October, a move it said at the time would help the trading platform “to strengthen” its “presence in the Netherlands.”