Light

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Green Light

Archax, a U.K.-regulated crypto exchange and custodian recently made a strategic move to extend its European footprint. The crypto exchange has reached an agreement to acquire Spanish broker King &amp; Shaxson Capital Markets (KSCM).&nbsp; 
This acquisition comes as the European Union tightens its grip on crypto with the upcoming <a href="https://thecoinrise.com/mica-framework-signed-into-law-by-eu-officials/">Markets in Crypto-Assets Regulation (MiCA).</a> Archax is positioning itself as a frontrunner in the region, ready to capitalize on new market opportunities and broaden its service offerings with this latest acquisition.&nbsp; 
<h2 id="b-archax-to-acquire-kscm-a-move-to-strengthen-eu-presence-b">Archax to Acquire KSCM: A Move to Strengthen EU Presence</h2> 
This acquisition will allow Archax to broaden services in Europe through a wholly owned subsidiary. The exchange will be offering its brokerage, multilateral trading facility, and custody services to the European Union while also expanding into crypto derivatives. 
KSCM, founded in Madrid in 2019, has established a pan-European client base. The company incorporation as a wholly-owned subsidiary will allow Archax to offer its clients more extensive services across Europe. Notably, the exchange did not disclose the financial terms to the public.&nbsp; 
<h2 id="b-new-opportunities-under-mica-s-framework-b">New Opportunities Under MiCA’s Framework</h2> 
The MiCA, which will be implemented in December, is set to bring Europe’s most extensive crypto rules, including stablecoin-related provisions. Many crypto firms, including <a href="https://thecoinrise.com/tether-at-risk-of-delisting-on-coinbase-over-mica-compliance/">Coinbase</a> and <a href="https://thecoinrise.com/uphold-to-delist-six-stablecoins-in-compliance-with-eus-mica-regulations/">Uphold</a> amongst others are already making efforts to align their operations in compliance with the EU regulation.&nbsp; 
Archax’s CEO Graham Rodford highlighted that the EU is a crucial part of Archax’s plans to grow globally under strong regulatory standards. He noted that acquiring KSCM boosts Archax’s EU permissions.&nbsp; 
It is also adding to the existing authorizations the exchange already holds from the U.K.’s Financial Conduct Authority (FCA). This expansion shows Archax’s proactive approach to adapting to the EU’s new MiCA regulations, with a focus on secure and compliant crypto operations. 
<h2 id="b-archax-awaits-regulatory-green-light-b">Archax Awaits Regulatory Green Light</h2> 
Rodford noted that this acquisition awaits Spanish regulatory approval. He said Archax’s expansion highlights its commitment to compliance as MiCA reshapes EU crypto rules.&nbsp; 
This proactive step positions Archax for growth in a more structured market. Also, it will pave the way for regulated services across Europe, he added. With MiCA’s impact on European crypto unfolding, Archax’s acquisition of KSCM marks a bold move, setting the stage for broader, resilient service options across the EU. 
The post <a href="https://thecoinrise.com/archax-advances-eu-expansion-with-new-acquisition/">Archax Advances EU Expansion with New Acquisition</a> appeared first on <a href="https://thecoinrise.com/">TheCoinrise.com</a>.

Archax Advances EU Expansion with New Acquisition

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