Kraken has registered in Canada as a limited seller, complying with regulatory norms. This step results from long-term preparation and improved compliance systems.
Kraken’s Registration in Canada
The registration process undertaken by Kraken is part of a multi-year effort to enhance investor protection and raise governance standards. The company has improved its internal control systems and compliance procedures to meet the expectations set by the Ontario Securities Commission. Cynthia Del Pozo noted that Canada is at a pivotal moment in adopting crypto technologies.
Service Developments and Growth
Kraken appointed Cynthia Del Pozo as the North America General Manager. Under her leadership, the company aims for sustainable growth in the local market. The platform will offer Canadian users free Interac e-Transfer options. Over the past two years, the company has significantly increased its team and user base, managing customer assets exceeding 2 billion Canadian dollars.
Market Trends and Strategic Steps
Market research indicates a significant increase in the percentage of individuals investing in crypto assets in Canada. The strategic steps developed by Kraken aim to enhance competitiveness and ensure regulatory compliance during its growth phase in Canada.
With expansion and regulatory compliance, Kraken aims to continue sustainable growth in the Canadian market by developing its systems and governance structure.
