According to CoinDesk, UK crypto trading platform Archax has acquired Spanish brokerage King & Shaxson Capital Markets to expand its business in Europe. Completion of the deal is currently subject to approval from Spanish regulators. The value of the deal has not been disclosed. The acquisition will enable the Financial Conduct Authority (FCA) registered company to expand its existing brokerage business, multilateral trading facility (MTF) and custody services to Europe, while adding crypto derivatives to its license.