Kraken stays dedicated to Canada

Kraken announcement

We’re happy to announce that Kraken has filed a pre-registration enterprise (PRU) with the Ontario Securities Fee. This PRU is a step on the highway to turning into registered as a Restricted Supplier throughout Canada and demonstrates our dedication to following the Canadian Securities Directors’ lately enhanced investor safety steerage for crypto exchanges.

Given the extra work required to acquire a regulatory license, some world exchanges have restricted or stopped providing companies to Canadian purchasers. Kraken, nevertheless, is dedicated to supporting Canada as a cornerstone of our world enterprise. In truth, we’re proud to at present make use of 250 Canadians who’re all working laborious to carry monetary freedom to purchasers of their house jurisdiction!

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Canada is rapidly turning into a significant participant within the crypto market. In accordance with a latest OSC survey, 38% of Canadians consider that crypto belongings play a key function in monetary companies, and 31% of Canadians plan to purchase crypto belongings within the subsequent 12 months. Moreover, 13% of Canadians already personal crypto belongings, and amongst those that maintain crypto belongings, 27% commerce them not less than weekly. This reveals that Canadians are more and more recognizing the worth of crypto belongings and are actively investing in them. With its sturdy financial system and supportive authorities laws, Canada is a gorgeous marketplace for crypto buyers and the nation is more likely to proceed to be a significant participant within the crypto market within the years to come back.

Kraken is already very lively in Canada. Our alternate helps CAD spot pairs and our 24/7 assist presents tailor-made help for Canadian purchasers on the lookout for a safe and dependable buying and selling platform. Over the approaching months, Kraken can be ensuring modifications to companies in Canada. We’re at all times aiming to create an incredible buyer expertise and can inform our clients earlier than implementing any modifications that may affect buying and selling. The PRU will assist preserve the integrity of our operations and assist all Canadians achieve monetary freedom by crypto.

By signing this PRU, we’re signaling our dedication to Canadian purchasers as a long run accomplice. We are going to proceed to dialog with regulators within the house to serve you, our purchasers, higher.

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