Crypto Exchange Kraken is registered as a Canadian restricted dealer, and this exchange can continue to provide crypto trading services to Canadian users under an evolving regulatory framework.
The registration, announced Tuesday, comes after a multi-year process that requires exchanges to meet higher standards for investor protection and governance. Kraken said he will work closely with Canadian regulators during this pre-registration phase to upgrade compliance systems and internal controls to meet the expectations set by the Ontario Securities Commission (OSC).
To lead Canada’s expansion, Kraken has appointed Cynthia Del Pozo as North American general manager. Fintech and Operations veteran Del Pozo oversees strategic, regulatory involvement and business development across the region.
“Canada is at a turning point in crypto adoption,” Del Pozo said in a statement, pointing to growing interest from both retail and institutional investors. A recent survey cited by Kraken found that 30% of Canadian investors currently own crypto assets.
Kraken has also announced that it will provide free Interaxafer deposits to Canadian users. Exchange claims that its Canadian team and user base have doubled over the past two years, and now it manages more than $2 billion in CAD on its client assets.
Mayur Gupta, Kraken’s Chief Marketing Officer and General Manager, will speak at Coindesk Consensus 2025, held in Toronto from May 14-15.
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