Kraken ensures Dealer’s restrictions in Canada in the middle of ‘turn point’ for crypto in the country
The Crypto Exchange Kraken is registered as a restrained businessman in Canada, allowing the exchange to continue to offer crypto trade services to Canadian users under the emerging country regulation framework.
The registration, announced on TuesdayIt will come after a multi-year process that requires exchanges to meet higher criteria for investor protection and management. Kraken said it was working closely with Canadian regulators during this pre-registration phase, upgrading compliance systems and internal controls to meet the expectations set by the Ontario Securities Commission (OSC).
To rule the Canadian expansion, Kraken named Cynthia del Pozo as the general manager for North America. Del Pozo, a fintech and operation veteran, will guard the approach, regulation and business development and development throughout the region.
“Canada is at a point for crypto adoption,” Del Pozo said in a statement, pointing to growing interest from both investors and institutional investors. A recent survey cited by Kraken found that 30% of Canadian investors are currently holding crypto assets.
Kraken also announced that it will offer free Interac E-transfer deposits for Canada users, a step aimed at reducing strife for newcomers on the platform. The exchange says it doubled the team and user base in Canada in the last two years and has now managed more than $ 2 billion CAD in client assets.
Mayur Gupta, chief Kraken’s Marketing Officer and General Growth Managers, will be speaking at CoinDesk’s Consensus 2025 in Toronto on May 14-15.
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