Kraken has officially obtained a Restricted Dealer registration in Canada, reinforcing its dedication to regulatory compliance and investor protection. This achievement marks a significant step in the company’s mission to provide secure and innovative crypto services for Canadian investors.
In addition, Kraken has appointed Cynthia Del Pozo as the new General Manager for North America. With her extensive experience in corporate development and fintech, Del Pozo will lead Kraken’s next phase of growth in Canada, strengthening regulatory and commercial relationships while driving crypto adoption.
To celebrate this milestone, Kraken is now offering free Interac e-Transfer deposits to Canadian clients, making crypto investing more accessible and cost-effective.
Strengthening Compliance: A Long-Term Commitment
Kraken’s Restricted Dealer registration is the result of a rigorous pre-registration undertaking (PRU) process, where the company enhanced its security, governance, and compliance measures. Now, Kraken’s Canadian clients can trade with confidence, knowing that their assets are protected under the supervision of the Ontario Securities Commission (OSC).
This compliance milestone cements Kraken’s position as a trusted exchange in Canada, ensuring access to regulated, high-quality crypto products tailored for both retail and institutional investors.
Find more exchanges in Canada, or view all regulated exchanges.
Meet Cynthia Del Pozo: Kraken’s New North America GM
Kraken has tapped Cynthia Del Pozo to lead its expansion efforts across North America. With nearly 15 years of experience in fintech, corporate strategy, and operations, Del Pozo is well-equipped to lead Kraken’s North American expansion.
She recognizes the growing adoption of digital assets and sees this as a defining moment for the industry:
“Canada is at a turning point for crypto adoption, with a growing number of investors and institutions recognizing digital assets as a vital part of the financial future. I’m thrilled to join Kraken’s mission at this critical moment and lead our expansion efforts, ensuring we continue to serve our clients long-term with innovative and compliant products.”
Kraken’s Growth in Canada: Key Achievements
Kraken’s Canadian operations have expanded significantly over the past two years, demonstrating its long-term commitment to the market. Notable achievements include:
- Doubling both team size and monthly transacting users during the PRU process.
- Surpassing $2 billion CAD in combined client assets under custody.
- Expanding CAD spot trading pairs to allow Canadians to trade crypto without incurring high FX fees.
- Positioning for increased institutional demand with high-quality crypto services.
Del Pozo emphasized Kraken’s unwavering focus on security and user protection:
“This Restricted Dealer registration is testament to the high bar Kraken has always set for consumer protection, client service, and robust security. We’re excited to continue expanding our world-class investment platform and delivering innovative products that provide real-world utility to Canadians.”
Canada’s Role in Global Crypto Adoption
Canada has played a pioneering role in the cryptocurrency industry, setting several firsts in digital asset adoption:
- The first country to install a public Bitcoin ATM (Vancouver, 2013).
- The first country to launch spot Bitcoin and Ethereum ETFs (2021).
As highlighted by Kraken’s announcement, crypto adoption continues to accelerate in Canada, highlighting strong investor confidence:
- 30% of Canadian investors have or currently hold cryptoassets (Innovative Research Group, 2024).
- 30% of institutional investors in Canada have crypto exposure (KPMG Canada, 2024).
- 54% of Canadians can define cryptocurrency, up from 51% in 2022 (OSC, 2023).
- 34% of Canadians believe crypto will be a key part of the future of finance (OSC, 2023).
With regulatory clarity, a new leadership team, and an expanding suite of crypto products, Kraken is well-positioned to shape the future of digital finance in Canada.
Start Trading with Kraken Today
In recent news, Kraken acquired NinjaTrader in March 2025 for $1.5b, in an effort to let customers from United States trade crypto futures. In the same month, the platform also obtained EMI authorization from UK’s Financial Conduct Authority. And back in February 2025, Kraken received a MiFID license in EU, allowing it to offer regulated crypto derivatives to advanced traders across select European markets.
As Kraken continues to expand in Canada, now is the perfect time to take advantage of its secure, regulated, and innovative crypto services:
- Free Interac e-Transfer deposits for Canadian clients.
- A growing selection of CAD trading pairs for cost-effective crypto trading.
- Regulatory oversight from the OSC, ensuring security and compliance.
Kraken’s commitment to transparency, innovation, and investor protection makes it a top choice for Canadians looking to explore digital assets. If you’re ready to start your crypto journey, sign up with Kraken today and experience the future of crypto trading in Canada.
