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Crypto speech Kraken has registered arsenic a restricted trader successful Canada, allowing the speech to proceed offering crypto trading services to Canadian users nether the country’s evolving regulatory framework.
The registration, announced connected Tuesday, comes aft a multi-year process that required exchanges to conscionable higher standards for capitalist extortion and governance. Kraken said it worked intimately with Canadian regulators during this pre-registration phase, upgrading its compliance systems and interior controls to conscionable expectations acceptable by the Ontario Securities Commission (OSC).
To pb its Canadian expansion, Kraken named Cynthia Del Pozo arsenic wide manager for North America. Del Pozo, a fintech and operations veteran, volition oversee strategy, regulatory engagement and concern improvement crossed the region.
“Canada is astatine a turning constituent for crypto adoption,” said Del Pozo successful a statement, pointing to increasing involvement from some retail and organization investors. A caller survey cited by Kraken recovered that 30% of Canadian investors presently clasp crypto assets.
Kraken besides announced it volition connection escaped Interac e-Transfer deposits for Canadian users, a determination aimed astatine reducing friction for newcomers to the platform. The speech claims it doubled its squad and idiosyncratic basal successful Canada implicit the past 2 years and present manages implicit $2 cardinal CAD successful lawsuit assets.
Mayur Gupta, Kraken’s main selling serviceman and wide manager of growth, volition beryllium speaking astatine CoinDesk's Consensus 2025 successful Toronto connected May 14-15.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, spot CoinDesk’s afloat AI Policy.
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