Cryptocurrency Exchange Kraken has gained a new registration in Canada on the latest compliance.
Kraken received a restrained registration of the dealer in Canada, which confirmed its commitment to service to Canada investors, the company said in an announcement shared with Cointelegraph on April 2.
The registration arrived as Kraken held more than $ 2 billion in Canada’s dollar ($ 1.4 billion) combined with the owners under caution for Canadian users.
In conjunction with the registration, Kraken announced the Cynthia del Pozo’s appointment as the new general manager for North America. Before joining Kraken in 2025, Del Pozo served as head of the Winklevoss Twins’ Gemini strategy, which Exit the Canadian market In the latter 2024.
Dealer registration restrictions are subject to specific requirements
According to In the Canadian Securities Administrator (CSA), restriction dealer registration is one of Canada’s eight-firm registration types, telling investors what products and services they can offer.
Unlike an investment business or investment fund manager, restricting dealer registration is a special registration used for companies that “do not fit under any other category” and are subject to the specific requirements or conditions of security regulators.
An excerpt from the firm and individual types of CSA registration. Source: CSA
In the announcement, Kraken said the registration gives Canadian clients to benefit from a solid regulation foundation, ensuring that its platform is administered by the Ontario Securities Commission (OSC).
Rivals Gemini Exchange appeared in Canada in late 2024
The strengthening of Kraken’s promise to the Canadian market came the month after the Gemini rival exchange left the country by the end of 2024.
Gemini’s sudden release from Canada is not expected to many, Increased questions about clarity of cryptocurrency regulation policies in the country.
Kraken’s North America’s new manager Del Pozo, spent three years working with Gemini Canada, with the latest position as head of corporate approach and development, According to In his profile to LinkedIn.
An excerpt from LinkedIn profile by Cynthia del Pozo. Source: LinkedIn
Despite Gemini’s closure of Canada, Del Pozo relies on the state of the local crypto market.
“Canada is at a point for crypto adoption, with a growing number of investors and institutions that recognize digital assets as an integral part of the financial future,” he said in the announcement, adding:
“I’m glad to join Kraken’s mission at this critical moment, and lead our expansion efforts, making sure we continue to serve our long -term clients with modern and following products,” said Cynthia del Pozo, Kraken’s general manager for North America. “
