Kraken enters Germany with DLT Finance partnership

Key Takeaway:

Bitcoin halving sparks interest in German cities as Kraken expands its services in Europe through partnerships and regulatory approvals in key countries.

Bitcoin Halving and European Expansion

Kraken, a leading crypto exchange, is broadening its presence in European markets by teaming up with BaFin-licensed DLT Finance to offer digital asset services to clients in Germany. The move comes as Germany and Europe witness a surge in crypto adoption, with a significant number of Germans owning crypto assets. Kraken CEO David Ripley sees a growing demand for virtual currencies in the country and highlights the importance of providing a best-in-class offering in line with evolving regulatory frameworks.

MiCA Implementation and Regulatory Compliance

DLT Finance Co-founder and CEO Marius Sewing believes that collaborating with Kraken will support regulated digital asset adoption in the European Union, particularly as the bloc prepares to implement the Markets in Crypto Assets Regulation (MiCA). MiCA, a groundbreaking policy framework, sets out rules for digital asset service providers and is expected to be fully enforced in December. Kraken’s strategic partnerships and regulatory approvals in various European countries demonstrate its commitment to compliance and expansion within the region.

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