Crypto exchange Kraken received a license to operate in the Netherlands

The team at American crypto exchange Kraken announced that it has received a Virtual Asset Service Provider (VASP) license from the Dutch Central Bank (DNB)..

Dutch Kraken customers will have access to approximately 200 digital assets. The management of the trading platform is making plans to penetrate even deeper into the European market.

“Registration of Kraken as a VASP licensee in the Netherlands allows us to further develop our growth strategy in Europe. “We see a lot of opportunities to provide services to both retail clients and professional traders,” commented Kraken Managing Director for Europe Brian Gahan..

The country has one of the highest rates of cryptocurrency penetration in Europe: about 20% of Dutch citizens own digital assets, the top manager argues.

Previously, Kraken refused to comply with a court order, according to which American crypto exchanges are required to provide, at the request of supervisory authorities, data of clients trading the Ripple cryptocurrency (XRP)..