Kraken has officially registered as a Canadian restricted dealer, US-based Crypto Exchange announced on April 2.
The exchange said it has secured registration after a stringent process of strengthening governance, security and compliance protocols to meet the expectations of the Ontario Securities Commission (OSC). OSC is a regulatory body that oversees securities laws in Ontario, Canada.
Kraken has appointed Cynthia Del Pozo as North America’s new general manager.
The exchange said the move reaffirms Kraken’s commitment to serving Canadian crypto investors and adheres to the norms of strengthening investor protection.
“This restricted dealer registration is a testament to Hiber, where Kraken has always set up consumer protection, client services and robust security,” said Del Pozo.
Kraken will provide Canadian users with a free interax fur sediment, a local fund transfer service, to make crypto investments “more accessible, affordable and seamless.”
The exchange said its total client assets have exceeded 2 billion ($1.42 billion) over the past two years, offering several CAD spot trading pairs. We also doubled both team sizes and monthly trading users during the period.
“Canada is at a turning point in crypto adoption, and there are growing numbers of investors and institutions who recognize digital assets as a key part of the future of finance,” added Del Pozo.
Founded in 2011, Kraken is one of the world’s leading crypto exchanges, claiming to serve 15 million users worldwide.