Cryptocurrency exchange Kraken has secured a new restricted dealer registration in Canada, reaffirming its commitment to Canadian investors.
New Registration
Kraken has obtained a restricted dealer registration in Canada, emphasizing its dedication to Canadian clients. This allows the company to strengthen its market position under the oversight of the Ontario Securities Commission (OSC).
Gemini's Exit from Canada
Kraken's decision to reinforce its presence in Canada follows months after the competitive exchange Gemini exited the country. Gemini's departure was unexpected and raised questions about the clarity of cryptocurrency regulation policies in Canada.
Optimism on Canadian Market
Despite Gemini's exit, Kraken's new North America General Manager, Cynthia Del Pozo, remains optimistic about the Canadian crypto market, noting a growing recognition of digital assets' importance. She declared joining Kraken during a critical time to ensure long-term client service with compliant and innovative products.
Kraken's registration in Canada marks a significant step in reinforcing its market stance and commitment to Canadian clients despite unexpected shifts in the landscape.
