3-4-2025 – The cryptocurrency powerhouse Kraken has secured its position as a restricted dealer, marking a watershed moment for the nation’s evolving regulatory framework.
Following an exhaustive multi-year regulatory process, the cryptocurrency exchange has demonstrated its commitment to heightened investor safeguards and corporate governance protocols. The firm’s collaborative approach with the Ontario Securities Commission led to substantial enhancements in their compliance architecture and internal oversight mechanisms.
Market research suggests a robust appetite for digital assets amongst Canadian investors, with nearly a third currently maintaining cryptocurrency holdings in their investment portfolios. This growing enthusiasm has contributed to Kraken’s remarkable expansion in the Canadian market, where they now steward more than 2 billion CAD in customer assets.
To spearhead their North American ventures, the exchange has appointed fintech specialist Cynthia Del Pozo as general manager. Del Pozo, who brings considerable operational expertise to the role, will orchestrate the firm’s strategic initiatives and regulatory dialogue across the region.
In a strategic move to enhance accessibility, Kraken has eliminated fees for Interac e-Transfer deposits, effectively lowering barriers to entry for prospective Canadian crypto enthusiasts. This initiative follows the exchange’s impressive growth trajectory, having doubled both its workforce and client base in Canada over the past 24 months.
The cryptocurrency community can anticipate further insights into Kraken’s strategic vision when Mayur Gupta, who serves as both chief marketing officer and general manager of growth, takes the stage at the forthcoming Consensus 2025 conference in Toronto this May.
