Crypto Exchange Kraken has registered as a limited dealer in Canada, allowing the exchange to continue to offer crypto trading services to Canadian users as part of the country’s scalable regulatory framework.
Registration, announced on Tuesday, comes after a multi -year process that required exchanges to meet higher standards for investor protection and governance. Kraken said that she was working closely with Canadian regulators during this pre-registration phase, improving her compliance systems and internal controls to meet the expectations set by the Ontario securities commission (OSC).
To direct his Canadian expansion, Kraken appointed Cynthia Del Pozo as Director General of North America. Del Pozo, a veteran of Fintech and Operations, will oversee the strategy, regulatory commitment and commercial development throughout the region.
“Canada is a turning point for the adoption of cryptography,” said Del Pozo in a press release, highlighting the growing interest on the part of retail and institutional investors. A recent survey quoted by Kraken revealed that 30% of Canadian investors are currently holding cryptographic assets.
Kraken has also announced that he will offer free interactive deposits and transfert for Canadian users, a decision to reduce friction for new arrivals on the platform. The exchange says that he has doubled his team and his user base in Canada in the past two years and now manages more than $ 2 billion in customer assets.
Mayur Gupta, director of marketing of Kraken and director general of growth, will be expressed at the 2025 consensus of Coindesk in Toronto from May 14 to 15.
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