UK crypto trading platform Archax acquires Spanish brokerage KSCM to expand its European operations

The UK crypto trading platform Archax has acquired the Spanish brokerage firm King & Shaxson Capital Markets to expand its operations in Europe. The transaction is subject to approval from Spanish regulatory authorities. The value of the deal has not been disclosed. This acquisition will enable Archax to extend its existing brokerage operations, multi-lateral trading facilities, and custody services into Europe, as well as add crypto derivatives to its licenses.