- Crypto exchange Kraken has secured registration as a restricted dealer in Canada, enabling continued service to Canadian users.
- The exchange appointed Cynthia Del Pozo as North America general manager to lead Canadian expansion efforts.
- Kraken now manages over $2 billion CAD in client assets and has doubled both its team and user base in Canada over the past two years.
Cryptocurrency exchange Kraken has officially registered as a restricted dealer in Canada, a regulatory milestone announced on Tuesday that allows the platform to continue providing crypto trading services to Canadian users within the country’s evolving regulatory framework.
The registration comes after years of working with Canadian regulators to meet heightened standards for investor protection and governance. According to Kraken’s announcement, the exchange collaborated extensively with the Ontario Securities Commission (OSC) during this pre-registration phase, upgrading compliance systems and internal controls to satisfy regulatory expectations.
New Leadership for North American Growth
To spearhead its Canadian expansion, Kraken has appointed Cynthia Del Pozo as general manager for North America. As a veteran in fintech and operations, Del Pozo will oversee strategy, regulatory engagement, and business development throughout the region.
"Canada is at a turning point for crypto adoption," Del Pozo stated, highlighting increasing interest from both retail and institutional investors. A recent survey referenced by Kraken found that 30% of Canadian investors currently hold crypto assets, indicating substantial market potential.
To further attract Canadian users, Kraken will offer free Interac e-Transfer deposits, reducing barriers for newcomers to the platform. The exchange reports significant growth in its Canadian operations, having doubled both its team and user base in the country over the past two years. The platform now manages over $2 billion CAD in client assets from Canadian users.
Upcoming Industry Presence
Mayur Gupta, Kraken’s chief marketing officer and general manager of growth, is scheduled to speak at CoinDesk’s Consensus 2025 conference in Toronto, taking place on May 14-15. This appearance aligns with the exchange’s continued focus on the Canadian market.
The registration represents an important step for Kraken in navigating the complex regulatory landscape for cryptocurrency businesses in North America, positioning the exchange to capitalize on growing interest in digital assets among Canadian investors.
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