Kraken has secured a Restricted Dealer registration in
Canada, confirming its position in the Canadian crypto market while complying
with new investor protection guidelines for crypto exchanges.
As part of its expansion, Kraken has appointed Cynthia Del
Pozo as the General Manager for North America. Del Pozo will oversee Kraken’s
growth in Canada, focusing on strengthening its regulatory, political, and
commercial partnerships.
Kraken Offers Free Deposits for Canadians
To further enhance accessibility, Kraken is offering free
Interac e-Transfer deposits for Canadian clients, aiming to simplify and reduce
the cost of crypto investing.
This achievement follows a detailed pre-registration
process, during which Kraken improved its governance, security, and compliance
standards. As a result, Canadian clients can now access advanced and secure
crypto products under the supervision of the Ontario Securities Commission
(OSC).
Del Pozo as General Manager for North America amid
Expansion
“I’m thrilled to join Kraken’s mission at this critical
moment, and to lead our expansion efforts, ensuring we continue to serve our
clients long-term with innovative and compliant products,” said Cynthia
Del Pozo, Kraken’s General Manager for North America.
Del Pozo brings nearly 15 years of experience in corporate
development, operations, and fintech consulting, making her well-suited to lead
Kraken’s Canadian operations.
🚀 Big news from Kraken! The cryptocurrency exchange has secured a restricted dealer registration in Canada, enhancing its commitment to Canadian investors. With over $2 billion in assets under custody, Kraken is poised for growth under the guidance of i… https://t.co/bFI61bv6gX
— CRYPTO PANZER 🚀 (@CryptoPanzerHQ) April 2, 2025
“Canada is at a turning point for crypto adoption, with
a growing number of investors and institutions recognizing digital assets as a
vital part of the financial future,” added Del Pozo.
Read more at FinanceMagnates.com: Kraken’s
$1 Billion Debt and Its Impact on 2026 IPO Plans.
Expanding UK Operations with FCA Approval
Meanwhile, Kraken
has obtained an Electronic Money Institution (EMI) license from the UK’s
Financial Conduct Authority (FCA), allowing it to issue electronic money
and provide faster deposit and withdrawal options for UK clients. This approval
supports Kraken’s ongoing growth strategy in the UK market.
The EMI license strengthens Kraken’s position in the UK,
where it has experienced significant growth. The company offers over 300
cryptocurrencies for trading and leads in GBP-denominated volumes. Kraken’s
continued focus on compliance and security is evident in its adherence to FCA
standards while innovating in the UK crypto sector.
This article was written by Tareq Sikder at www.financemagnates.com.
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