Kraken Secures Canadian Regulatory Approval, Rolls Out Free Deposits to Attract New Users
Cryptocurrency exchange Kraken has officially registered as a restricted dealer in Canada, positioning itself to expand under the country’s tightening regulatory regime while boosting accessibility for new users.
The announcement, made Tuesday, marks the completion of a years-long regulatory process, during which Kraken collaborated with the Ontario Securities Commission (OSC) to enhance its compliance systems and investor protection protocols. This registration allows Kraken to legally operate in all Canadian provinces and territories where it is required to be registered.
To drive growth in the region, Kraken appointed Cynthia Del Pozo as General Manager for North America. A seasoned fintech and operations executive, Del Pozo will spearhead Kraken’s regional strategy, oversee regulatory relationships, and scale business operations throughout the continent.
“Canada is reaching a critical moment in crypto adoption,” said Del Pozo. “Investor interest is accelerating, from retail users to institutions.” Kraken cited a recent survey indicating that nearly one-third of Canadian investors now hold digital assets.
As part of its effort to streamline the user experience, Kraken also announced free Interac e-Transfer deposits for Canadian customers—removing a key barrier for first-time crypto investors.
Kraken has seen rapid growth in Canada, doubling both its user base and team size over the past two years. The platform now manages over CAD $2 billion in client assets across the country.
Mayur Gupta, Kraken’s Chief Marketing Officer and General Manager of Growth, is set to speak at CoinDesk’s Consensus 2025 conference in Toronto this May, highlighting Kraken’s continued commitment to expanding its footprint in Canada’s evolving crypto market.
