Kraken Registers as Restricted Dealer in Canada, Expands Services Amid Growing Crypto Interest
Toronto, April 3, 2025 — Global cryptocurrency exchange Kraken has officially registered as a restricted dealer in Canada, securing its ability to offer crypto trading services under the nation’s tightening regulatory framework.
The registration follows an extended period of collaboration with Canadian securities regulators, during which Kraken upgraded its compliance infrastructure and governance practices to align with new standards, particularly those outlined by the Ontario Securities Commission (OSC).
To support its regional strategy, Kraken has appointed fintech industry veteran Cynthia Del Pozo as General Manager for North America. In her new role, Del Pozo will oversee regulatory relations, strategic growth, and regional operations.
“Canada is reaching an inflection point in digital asset adoption,” said Del Pozo. “With both institutional and retail interest accelerating, Kraken is committed to offering secure and seamless access to the crypto economy.”
As part of its efforts to enhance accessibility, Kraken announced that it will waive fees on Interac e-Transfer deposits for Canadian customers, aiming to lower entry barriers for newcomers to the platform.
Kraken reported that its Canadian business has grown substantially, with both its local team and user base doubling over the past two years. The exchange currently manages over $2 billion CAD in assets for Canadian clients.
Kraken’s Chief Marketing Officer, Mayur Gupta, is scheduled to speak at CoinDesk’s Consensus 2025 conference in Toronto this May, reflecting the company’s ongoing commitment to thought leadership in the digital asset space.
