Crypto exchange Kraken has officially become a registered restricted dealer in Canada, allowing the exchange to continue providing crypto trading services to Canadian users within the country’s changing regulatory landscape.
The registration, announced on Tuesday, follows a lengthy process that required exchanges to meet heightened standards for investor protection and governance. Kraken collaborated closely with Canadian regulators during the pre-registration phase, enhancing its compliance systems and internal controls to meet the expectations of the Ontario Securities Commission (OSC).
To spearhead its expansion in Canada, Kraken has appointed Cynthia Del Pozo as the general manager for North America. Del Pozo, an experienced professional in fintech and operations, will be responsible for overseeing strategy, regulatory engagement, and business development in the region.
“Canada is witnessing a pivotal moment in crypto adoption,” stated Del Pozo, highlighting the increasing interest from both retail and institutional investors. A recent survey referenced by Kraken revealed that 30% of Canadian investors currently hold crypto assets.
In addition, Kraken has announced that it will provide free Interac e-Transfer deposits for Canadian users to streamline the onboarding process for newcomers. The exchange reported a doubling of its team and user base in Canada over the past two years and currently manages over $2 billion CAD in client assets.
Mayur Gupta, Kraken’s chief marketing officer and general manager of growth, is scheduled to speak at CoinDesk’s Consensus 2025 event in Toronto on May 14-15.
Disclaimer: This article contains sections that were generated with the assistance of AI tools and have been reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, please refer to CoinDesk’s comprehensive AI Policy.
