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Kraken, a leading global cryptocurrency exchange, has unveiled its strategic move to enter the German market in partnership with DLT Finance, a regulated financial institute specializing in digital assets custody. The collaboration aims to introduce a suite of tailored crypto products to meet the diverse needs of German clients, marking a significant step in Kraken’s European expansion strategy.
Starting July 10, Kraken plans to roll out a range of crypto services nationwide, leveraging DLT Finance’s expertise and infrastructure. This move follows Kraken’s recent acquisition of a Virtual Asset Service Provider (VASP) registration from the Dutch Central Bank, signaling its commitment to expanding its footprint across Europe.
David Ripley, Kraken’s CEO, emphasized the importance of collaborating with industry leaders to drive global crypto adoption. With over 5% of Germans already invested in crypto assets, Kraken aims to offer innovative products supported by localized client service, tapping into the growing mainstream interest in cryptocurrencies across Europe. This development intensifies the competition among major crypto exchanges vying for dominance in the global market.
