- Kraken secures restricted dealer registration in Canada.
- Cynthia Del Pozo appointed CEO for North America.
- Kraken’s Canadian operations have doubled over the past two years, exceeding CAD 2 billion in client assets.
Kraken has secured a restricted dealer registration in Canada, marking a significant milestone in its commitment to providing Canadian crypto investors with a safe, regulated trading environment.
This achievement follows a rigorous pre-registration process with Canadian authorities that strengthened the company’s governance, security, and compliance protocols to meet the highest industry standards.
Kraken now under the supervision of the Ontario Securities Commission
The new registration places Kraken under the supervision of the Ontario Securities Commission, ensuring that its innovative crypto products are offered within a framework designed to protect consumers and maintain investor confidence.
This regulatory milestone comes as Canada emerges as a global leader in crypto adoption, with early initiatives such as Vancouver’s first public Bitcoin ATM and the launch of spot Bitcoin and Ethereum ETFs.
Recent surveys show that roughly 30% of Canadian investors and institutional participants have exposure to cryptocurrencies, and a growing number of Canadians view digital assets as a critical part of the financial future.
Over the past two years, Kraken’s operations in Canada have also expanded substantially. The company has doubled its team size and the number of monthly trading users, while client assets held in custody have surpassed CAD 2 billion.
Kraken now offers free deposits through Interac e-Transfer, making crypto investing more accessible for Canadian customers by reducing transaction costs and eliminating foreign exchange fees.
Cynthia Del Pozo named North America CEO
Alongside the Canadian registration, Kraken appointed Cynthia Del Pozo as its new CEO for North America. With nearly 15 years of experience in corporate development, operations, and fintech consulting, Del Pozo is expected to drive the company’s continued expansion in Canada.
Her appointment signals Kraken’s intent to further strengthen regulatory, policy, and commercial relationships across the region while continuing to grow its market presence.
Kraken’s success in obtaining a restricted dealer registration not only reaffirms its commitment to regulatory compliance but also positions the exchange at the forefront of Canada’s evolving crypto market.
With a solid regulatory foundation, new regional leadership, and a suite of products tailored for local investors, Kraken is well positioned to capitalize on the growing opportunities in the digital finance sector.