Kraken Secures Restricted Dealer Registration in Canada, Enhancing Crypto Services
On April 6, 2025, Kraken announced it has secured a Restricted Dealer registration to operate within Canada under the regulatory framework set by the Ontario Securities Commission (OSC). This milestone reflects Kraken's commitment to enhanced compliance, governance, and security, aligned with industry best practices. To strengthen its presence in North America, Kraken appointed Cynthia Del Pozo as General Manager, focusing on regulatory and commercial engagement in the region.
Canadian users benefit from new initiatives such as free Interac e-Transfer deposits, enhancing ease of access to crypto trading. The platform has also expanded support for more cryptocurrencies and Canadian dollar (CAD) trading pairs, catering to the increasing demand driven by Canada's growing crypto investor base—where approximately 30% of the population holds digital assets.
Canada has been a pioneer in the cryptocurrency space; it was the first country to deploy a public Bitcoin ATM and one of the earliest to launch Bitcoin and Ethereum ETFs in 2021. Kraken's enhanced service offering continues to support Canada's progressive crypto landscape.
For users interested in acquiring cryptocurrencies in flexible ways, platforms like Bitlet.app offer innovative services such as Crypto Installments, allowing buyers to purchase crypto now and pay over time instead of one lump sum. This approach complements Kraken's expanding Canadian services by providing more options tailored to diverse user needs.
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