We look forward to announce that Kraken has officially acquired a restricted dealer registration in Canada. We are adhering to the enhanced crypto exchange investor protection guidance while reaffirming our commitment to serving Canadian crypto investors.
We also look forward to welcoming Cynthia Delpozo as North America’s new general manager. Cynthia will lead Kraken’s next stage of growth across Canada and strengthen regulatory, political and commercial relations as she continues to expand its presence across North America.
To celebrate this new chapter and reaffirm our commitment to Canada; We currently offer free interaxial deposits to all Canadian clientspromotes efforts to make crypto investments more accessible, affordable and seamless.
Compliance milestone year
This achievement represents the culmination of a rigorous pre-registration business (PRU) process. Meanwhile, Kraken has consistently strengthened its governance, security and compliance protocols to meet the highest industry standards.
As a result, our Canadian clients, under the supervision of the Ontario Securities Commission (OSC), have now benefited from a solid regulatory foundation, ensuring access to some of the most innovative and secure cryptographic products in our local ecosystem.
Introducing the new Canadian GM
He welcomed Cynthia Delpozo to lead the Canadian business. With nearly 15 years of experience in corporate development, operations and fintech consulting, Cynthia is extremely well equipped to lead Kraken’s expansion and involvement across Canada at this pivotal time for the evolution of crypto.
“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 their financial future. We are excited to join Kraken’s mission at this critical moment, lead our expansion efforts, and continue to serve our clients in the long term with innovative and compliant products,” says Del Pozo.
Kraken’s continued growth in Canada
Over the past two years, Kraken’s Canadian business has grown exponentially, strengthening its long-term commitment to the market and its clients.
- Doubled both team size and monthly trading users during the PRU process
- Over $2 billion CAD in combined client assets in detention
- We expanded support for many popular crypto assets, provided several CAD spot trading pairs, allowing Canadians to trade crypto without paying expensive FX fees.
- Set yourself up to unlock institutional demand for high quality crypto products and services
Del Pozo continues. “This restricted dealer registration is a testament to Hiber, where Kraken has always set up consumer protection, client services and robust security. We are excited to continue expanding our world-class investment platform and bring innovative products that provide real-world utility to Canadians.”
Canada’s role in the adoption of crypto and the future path
Canada has played a pioneering role in global crypto adoption.
- A public Bitcoin ATM will be installed in downtown Vancouver
- Launch Spot Bitcoin and Ethereum ETF in 2021
Crypto adoption is accelerating in Canada, renewing its long-term trust in crypto asset classes.
With clarity in regulations secured, new leaders at the helm and expanding the expansion of innovative crypto products, Kraken is well positioned to shape the future of Canada’s digital finance.
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