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Kraken has successfully registered as a limited seller in Canada, complying with the regulatory framework. This achievement is the result of a long preparation process and improved compliance systems, allowing the company to continue offering crypto transactions nationwide.
Kraken’s Registration in Canada
The registration process undertaken by Kraken is part of a multi-year effort aimed at enhancing investor protection and raising governance standards. The company has developed its internal control systems and compliance procedures to meet the expectations set by the Ontario Securities Commission.
Cynthia Del Pozo pointed out that Canada is at a pivotal moment in the adoption of crypto technologies, noting the increasing interest in this sector.
Service Developments and Growth
Kraken has appointed Cynthia Del Pozo as the North America General Manager, who will lead the company’s strategy, regulatory relations, and business development in the region. This appointment aims to contribute to the company’s sustainable growth objectives in the local market.
Under the new registration, the platform will offer Canadian users free Interac e-Transfer options. Over the past two years, the company has seen significant increases in its team and user base, managing customer assets exceeding 2 billion Canadian dollars.
Additionally, Mayur Gupta, the General Manager in charge of marketing and growth at Kraken, will speak at a significant event in Toronto. This event aligns with the company’s goals to enhance visibility in the international arena.
Market research indicates a notable increase in the percentage of individuals investing in crypto assets in Canada. Interest in crypto assets among both individual and institutional investors is beginning to reshape the dynamics of the sector.
Further data suggest a growing trend among investors to include crypto assets in their portfolios, highlighting the impact of overall market trends and technological advancements.
The strategic steps being developed aim to enhance Kraken’s competitiveness and ensure regulatory compliance during its growth phase in Canada. The company’s advanced systems and regional governance structure are expected to contribute to its ongoing compliance and growth objectives.
