The UK crypto exchange and custody platform Archax has announced the acquisition of the Spanish brokerage firm King & Shaxson Capital Markets (KSCM) to expand its business footprint in the EU. KSCM was established in 2019 and primarily serves pan-European institutional clients. Following this acquisition, it will become a wholly-owned subsidiary of Archax, enabling it to expand brokerage, trading, and custody services in the EU, as well as increase its crypto derivatives business.

PANews, October 31 – According to CoinDesk, the UK cryptocurrency exchange and custody platform Archax has announced the acquisition of the Spanish brokerage firm King & Shaxson Capital Markets (KSCM) to expand its business footprint in the European Union. This acquisition is still subject to approval by Spanish regulatory authorities. KSCM was founded in 2019 and primarily serves pan-European institutional clients. Following this merger, it will become a wholly-owned subsidiary of Archax, enabling it to expand its brokerage, trading, and custody services in the EU, as well as increase its cryptocurrency derivatives business.

Digital asset exchange Archax acquires Spanish brokerage KSCM