UK crypto trading platform Archax has acquired Spanish brokerage firm King & Shaxson Capital Markets to expand its European operations. The value of the deal has not been disclosed. This acquisition will enable the FCA-registered company to extend its existing brokerage business, multilateral trading facilities (MTF), and custody services into Europe, while also adding crypto derivatives to its license.

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<p>According to a report by CoinDesk on October 31, Deep Tide TechFlow announced that the UK cryptocurrency trading platform Archax has acquired the Spanish brokerage firm King &amp; Shaxson Capital Markets to expand its European business. The completion of the transaction is subject to approval from Spanish regulatory authorities. The value of the transaction has not been disclosed. This acquisition will enable the FCA-registered company to extend its existing brokerage business, Multilateral Trading Facilities (MTF), and custody services across Europe, while also adding cryptocurrency derivatives to its license.</p>
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British crypto trading platform Archax acquires Spanish brokerage KSCM to expand its European operations.