Crypto Exchange Kraken has registered as a distributor restricted in Canada, which allows the exchange to continue offering cryptography trade to Canadian users under the regulatory framework in the evolution of the country.
The registration, announced on Tuesday, occurs after a several -year process that required exchanges to meet the highest standards for protection and the investors government. Kraken said he worked in close collaboration with Canadian regulators during this pre -registration phase, updating their compliance systems and internal controls to meet the expectations established by the Ontario Securities Commission (OSC).
To lead its Canadian expansion, Kraken called Cynthia del Pozo as general manager of North America. From the well, a veteran of Fintech and Operations, will supervise the strategy, regulatory commitment and business development throughout the region.
“Canada is at a turning point for the adoption of cryptography,” said Del Pozo in a statement, pointing out a growing interest of retail and institutional investors. A recent survey cited by Kraken found that 30% of Canadian investors currently have cryptographic assets.
Kraken also announced that he will offer free interaction transfer deposits for Canadian users, a movement aimed at reducing friction for newcomers to the platform. The exchange states that he doubled his team and user base in Canada in the last two years and now manages more than $ 2 billion CAD in customer assets.
Mayur Gupta, Marketing Director of Kraken and General Growth Manager, will speak in Coindesk Consensus in Toronto from May 14 to 15.
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