Cryptocurrency exchange Kraken has secured permission to operate in Canada by obtaining restricted dealer status, allowing it to offer services in compliance with the regulations.
Registration in Canada
Kraken completed a pre-registration undertaking with Canadian authorities, gaining restricted dealer status. The Ontario Securities Commission will now oversee compliance with the new regulations.
Leadership Appointments
Kraken has appointed Cynthia Del Pozo as its General Manager for North America. With 15 years in the financial and tech sectors, she will lead Kraken's growth in Canada and liaise with regulators.
Expansion in Canada
Over the past two years, Kraken has steadily strengthened its position in Canada. The company has doubled its team size and increased its user base. Currently, Kraken manages over $2 billion CAD in client assets, offering more crypto trading options without extra currency exchange fees.
By obtaining restricted dealer status, Kraken can solidify its presence in the Canadian market and continue its expansion under stringent regulations. New appointments and expansions support the company's adaptation to changing conditions.
