The Crypto Exchange Kraken has registered as a limited dealer in Canada, allowing the exchange to continue offering crypto trading services to Canadian users under the country’s evolving legislative framework.

The registration announced on Tuesday comes after a multi -year process that required exchanges to meet higher standards of investor protection and governance. Kraken said it worked closely with Canadian regulators in this prior registration phase and upgraded its observational systems and internal controls to meet expectations set by the Ontario Securities Commission (OSC).

To lead his Canadian expansion, Kraken Cynthia Del Pozo appointed as general manager of North America. Del Pozo, a fintech and operational veteran, will oversee strategy, regulatory commitment and business development throughout the region.

“Canada is at a turning point for crypto recording,” Del Pozo said in a statement, pointing to growing interest from both retail and institutional investors. A recent study cited by the Kraken found that 30% of Canadian investors currently have crypto assets.

Kraken also announced that it will offer free Interac E-transfer deposits to Canadian users, a step aimed at reducing friction for newcomers to the platform. The exchange claims that it doubled its team and user base in Canada for the past two years and now manages over $ 2 billion CAD in client assets.

Mayur Gupta, Kraken’s Chief Marketing Officer and General Manager for Growth, will speak at Coindesk’s Consensus 2025 in Toronto on 14-15. May.

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