Wednesday, December 6, 2023

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 street to changing into registered as a Restricted Vendor throughout Canada and demonstrates our dedication to following the Canadian Securities Directors’ not too long ago enhanced investor safety steerage for crypto exchanges.

Given the extra work required to acquire a regulatory license, some international exchanges have restricted or stopped providing providers to Canadian shoppers. Kraken, nonetheless, is dedicated to supporting Canada as a cornerstone of our international enterprise. In reality, we’re proud to presently make use of 250 Canadians who’re all working laborious to carry monetary freedom to shoppers of their residence jurisdiction!

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Canada is shortly changing into a significant participant within the crypto market. In response to a latest OSC survey, 38% of Canadians consider that crypto belongings play a key position in monetary providers, 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 at the least weekly. This exhibits that Canadians are more and more recognizing the worth of crypto belongings and are actively investing in them. With its sturdy economic system and supportive authorities rules, Canada is a lovely marketplace for crypto traders 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 change helps CAD spot pairs and our 24/7 help gives tailor-made help for Canadian shoppers in search of a safe and dependable buying and selling platform. Over the approaching months, Kraken will likely be ensuring adjustments to providers in Canada. We’re all the time aiming to create an amazing buyer expertise and can inform our clients earlier than implementing any adjustments that can impression buying and selling. The PRU will assist preserve the integrity of our operations and assist all Canadians achieve monetary freedom via crypto.

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

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