Kraken's European strategy advances as company secures Dutch license

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The cryptocurrency exchange's European expansion plans take another step forward as it can now offer services in the Netherlands.

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

“The Netherlands has a vibrant startup and technology sector, a strong financial services industry and the highest fintech adoption rate among developed economies. It also has one of the highest crypto adoption rates in Europe with around 20% of Dutch citizens owning crypto,” Kraken said in its post.

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