Kraken Expands Canadian Presence with Restricted Dealer Registration
Kraken will offer fee-free Interac e-Transfer deposits to its Canadian clients to celebrate its entry into the Canadian market.
San Francisco-based cryptocurrency exchange Kraken has officially announced its expansion plans for the Canadian market, having secured a Restricted Dealer registration in the country.
Exciting news from one of @KrakenFX’s fastest growing markets.
Today, we secured a Restricted Dealer registration in Canada, which gives regional clients more access and more ways to create crypto wealth.
We’re committed to Canada – and look forward to leading the next wave of…
— Dave Ripley (@DavidLRipley) April 2, 2025
With its new registration, Kraken can now offer a broader range of cryptocurrency products and services to Canadian clients, further solidifying its regional presence.
The latest move by the crypto exchange is seen as a strategic step to tap into Canada’s growing cryptocurrency market. With this registration, Kraken aims to provide Canadian users with more access to cryptocurrency investment opportunities and better services.
Kraken Appoints Cynthia Del Pozo for Expansion
To lead its expansion into the Canadian market, the crypto exchange also revealed that it has appointed Cynthia Del Pozo as the new General Manager for the North American sector.
Concerning her recent appointment, Del Pozo commented, “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 their financial future. 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.”
“This Restricted Dealer registration is a testament to the high bar Kraken has always set for consumer protection, client service, and robust security. We’re excited to continue expanding our world-class investment platform and to deliver innovative products that provide real-world utility to Canadians.”
As part of its Canadian launch, the crypto exchange also stated that it is offering fee-free Interac e-Transfer deposits to clients, to promote easier and more affordable crypto investment.
Kraken Expands Global Footprint
In a recent development, Kraken overcame a key regulatory challenge, paving the way for further growth, including its recent entry into Canada. Last month, the United States Securities and Exchange Commission (SEC) dropped its lawsuit against the platform after the agency filed a lawsuit claiming Kraken operated without proper registration as a securities exchange, broker, and dealer.
