Kraken Registers as Restricted Dealer in Canada to Enhance Crypto Services
Crypto exchange Kraken has registered as a restricted dealer in Canada, enabling it to provide crypto trading services under the new regulatory framework.
- Registration announced on Tuesday after a multi-year compliance process with the Ontario Securities Commission (OSC).
- Cynthia Del Pozo appointed as general manager for North America to lead Canadian operations.
- 30% of Canadian investors currently hold crypto assets, indicating rising adoption.
- Kraken will offer free Interac e-Transfer deposits for Canadian users to facilitate onboarding.
- The company has doubled its team and user base in Canada over the last two years, managing over $2 billion CAD in client assets.
Mayur Gupta, chief marketing officer, will speak at CoinDesk's Consensus 2025 in Toronto on May 14-15.