Kraken expands access in Colombia with local payments integration

We are pleased to announce that we are expanding our services in Colombia through the activation of local payment rails. The introduction of COP funds reflects Kraken’s continued investment in building the infrastructure that allows individuals to securely and smoothly access cryptocurrencies around the world.

With the launch of local payment integration, Colombian customers can now deposit their COP directly through trusted domestic payment methods. Deposits are automatically converted to USD at competitive and transparent exchange rates, eliminating the need for international wire transfers and streamlining the overall user experience.

“Colombia is one of the most dynamic crypto markets in Latin America, with a large digitally-enthusiast population and a growing appetite for decentralized financial tools,” said Mark Greenberg, Kraken Global Consumer Director. “This integration is an important step in providing Colombian customers with a more accessible and secure entry point to the global crypto economy.”

Cryptocurrency adoption in Colombia continues to steadily increase due to advances in financial digitization, strong interest in stablecoins, and demand for cross-border remittance options. Kraken’s local funding support reduces onboarding friction and brings institutional-grade infrastructure to one of the region’s most active digital asset communities.

This milestone is part of Kraken’s broader strategy to expand its presence across Latin America, starting with basic infrastructure in key markets such as Argentina, Mexico and Colombia.

Kraken’s expansion in Colombia is underpinned by its commitment to providing clients with relevant local solutions. Colombian customers can now enjoy the following benefits:

• Local COP payment rail
• Access to 500+ digital assets and global liquidity
• Competitive exchange rates and transparent pricing
• Industry-leading security and 24/7 support

This deployment will enable Kraken to support a wide range of Colombian customers, from first-time crypto participants to advanced traders.